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The China Securities Regulatory Commission has filed an investigation and issued a prior notice of administrative punishment against TigerBrokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited for illegal securities business operations by relevant entities both domestically and abroad.According to the notice, the relevant entities of Tiger, Futu, and Changqiao conducted securities trading marketing, processed trading instructions, and provided related securities business services to obtain relevant income without the approval of our commission and without obtaining the licenses for securities brokerage business and securities financing and margin trading business, violating the provisions of Article 120 of the Securities Law, thus constituting illegal operation of securities business.In accordance with the provisions of Article 202 of the Securities Law, Article 136 of the Securities Investment Fund Law, and Article 132 of the Futures and Derivatives Law, our commission intends to decide to confiscate all illegal gains of the relevant entities of Tiger, Futu, and Changqiao, and impose severe penalties according to the law. The parties involved have the right to make statements, defend themselves, and request a hearing regarding the administrative penalties to be imposed. Our commission will fully listen to the opinions of the parties involved before making an administrative penalty decision in accordance with the law.

B.AI announced full access to China's mainstream payment systems, with WeChat Pay, Alipay, and UnionPay now open to users. Starting today, users can complete the entire process of account recharge, subscribing to AI services, and accessing top AI models and Agent services in a familiar payment environment. This payment upgrade lowers the usage threshold, allowing individual developers and enterprise clients to more conveniently experience cutting-edge AI capabilities, making the entire usage process smoother, more natural, and localized. B.AI will continue to optimize the product experience in the future, committed to integrating smarter and more efficient artificial intelligence services into everyone's daily work and life.

According to market news, eBay has rejected GameStop's acquisition offer of approximately $56 billion, stating that it is "neither credible nor attractive."Previously, on May 4, GameStop proactively proposed to acquire the online trading platform eBay for about $56 billion. GameStop's CEO Cohen stated that the company holds about 5% of eBay's shares and proposed to acquire it for $125 per share in cash and stock. If eBay does not accept this proposal, Cohen is prepared to initiate a proxy battle and submit the proposal directly to shareholders.

Former Hong Kong Stock Exchange President Li Xiaojia stated at the second Caixin London Atlantic Dialogue that China can export productivity and financial services to regions such as the Global South to expand the influence of the renminbi. Chinese financial institutions can issue credit loans in these countries through financial technologies such as blockchain.

According to a screenshot posted by GameStop CEO Ryan Cohen on social media, just two days after he proposed to acquire eBay for $56 billion, his personal platform account was permanently banned by eBay. The reason given was that "some of the user's activities are posing a risk to the eBay community."

According to the Wall Street Journal, GameStop will offer $56 billion to acquire eBay.It is reported that GameStop CEO Ryan Cohen stated that GameStop currently holds about 5% of eBay's shares and has proposed to acquire eBay with a combination of cash and stock at $125 per share, which is about a 20% premium over eBay's closing price last Friday.

According to informed sources, GameStop CEO Ryan Cohen is planning to make a takeover bid for the e-commerce platform eBay, which has a market value of about $45 billion, with the aim of transforming it into a retail giant worth over $100 billion, while GameStop itself currently has a market value of only about $11 billion.After the news broke, eBay's stock price surged over 10% in after-hours trading, while GameStop rose about 5%. Sources also revealed that GameStop has quietly increased its stake in eBay and may submit a bid as early as later this month. If the eBay board rejects the offer, Cohen may launch a tender offer directly to eBay shareholders.Cohen made it clear earlier this year that he is looking for significant acquisition targets in the consumer and retail sectors, attempting to expand the company's business beyond video games and collectibles. He recently adjusted the compensation plan, which could allow him to earn up to $35 billion in stock returns if the company's market value reaches $100 billion and other conditions are met.As of the end of March, GameStop held about $9 billion in cash, a significant increase from $4.8 billion in the same period last year, providing ammunition for this "snake swallowing elephant" acquisition. eBay's stock price has risen over 50% in the past 12 months, and in February of this year, it acquired the second-hand fashion platform Depop for $1.2 billion, indicating that its core strategy focusing on collectibles and fashion is beginning to show results.GameStop investor Michael Burry, the real-life inspiration for the movie "The Big Short," has also publicly called for the company to use its cash reserves for transformative acquisitions. Since joining the board in 2021 and becoming chairman, Cohen has garnered a large following of enthusiastic supporters due to his commitment to turning the company around, and he is expected to leverage the massive online fanbase to generate momentum for this deal.

Researcher Dan Robinson from Paradigm proposed a new scheme called PACT (Verifiable Address Controlled Timestamp), aimed at protecting long-dormant bitcoins, including Satoshi's early addresses, from future quantum computing attacks.This mechanism allows users to prove their control over an address through a timestamp without the need to transfer assets or expose on-chain behavior. Once future quantum attacks occur, assets can be recovered in a quantum-resistant version of the Bitcoin network based on that proof. Compared to mandatory migration schemes (like BIP-361), PACT avoids the privacy exposure issues caused by actively transferring assets, providing long-term holders with a more flexible preemptive protection path.

According to Jinshi reports, Federal Reserve Chairman Powell stated that domestic private final demand (PDFP) is actually above 2%, which is seen as a good thing.

The Vietnamese government plans to launch a 5-year pilot project for crypto assets in the second quarter of 2026, transitioning from previously offshore unregulated crypto trading to a domestically regulated market. Currently, Vietnamese traders have an annual cryptocurrency trading volume of $220-230 billion, exceeding $600 million daily. The new pilot will only allow locally registered institutions that meet strict capital and compliance requirements to participate, and the trading targets must be backed by real-world assets and settled in Vietnamese dong.

According to the National Price Bureau, starting from April 8, 2026, the domestic prices of gasoline and diesel (standard products) will be increased by 420 yuan and 400 yuan per ton, respectively. This adjustment is made to respond to the significant fluctuations in international crude oil prices and to mitigate their impact on the domestic market. The adjustment amount is lower than the amount that should have been increased according to the mechanism calculation (gasoline 800 yuan/ton, diesel 770 yuan/ton).PetroChina, Sinopec, CNOOC, and other crude oil processing enterprises will be responsible for organizing production and transportation to ensure stable market supply and strictly implement national price policies. At the same time, relevant departments in various regions will strengthen market supervision and severely crack down on price violations. Consumers can report price violations through the 12315 platform.

GameStop disclosed that the approximately 4,710 BTC previously transferred to Coinbase Prime was not sold but used as collateral in a covered call strategy to generate option premium income.The company sold short-term call options over-the-counter (OTC), with strike prices ranging from $105,000 to $110,000, generating income while retaining exposure to Bitcoin, but this also limited the upside potential. As a result of this structure, GameStop no longer directly holds Bitcoin assets but records them as "receivable assets," which means the right to recover an equivalent amount of BTC from the counterparty in the future. Since the collateral can be rehypothecated or reused, its position has transformed into a derivative exposure with counterparty risk.The financial report shows that as of the end of the fiscal year, the value of receivable assets related to this strategy was approximately $368.3 million, while an unrealized loss of about $59.7 million was recorded (due to the decline in Bitcoin prices). Additionally, the company confirmed approximately $700,000 in option liabilities and $2.3 million in unrealized gains.

According to monitoring by BitcoinTreasuries.NET, GameStop has pledged 4709 of its 4710 bitcoins as collateral, staked to Coinbase for a covered call option strategy.

Analyst Emmett Gallic posted on the X platform that GameStop spent $500 million in 2025 to acquire 4,710 BTC. In January of this year, GameStop pledged 4,709 BTC to Coinbase Credit as collateral for a covered call option, terminating the recognition of that portion of BTC and accounting for $368.3 million in accounts receivable, resulting in a net loss of $131.6 million. Since the pledge, the price of Bitcoin has dropped by approximately 25%.

According to official news, GameStop announced its financial performance for the fourth quarter and the full year ending January 31, 2026. Fourth quarter net sales were $1.104 billion, compared to $1.283 billion in the same period last year; net profit was $127.9 million, compared to $131.3 million in the same period last year. As of the end of the fourth quarter, cash, cash equivalents, and marketable securities totaled $9 billion, with Bitcoin and related receivables valued at $368.4 million.In addition, the company's full year net sales were $3.63 billion, compared to $3.823 billion in the same period last year; net profit was $418.4 million, compared to $131.3 million in the same period last year.

Starting from March 13, several domestic airlines that had resumed some flights to Dubai have once again canceled flights to Dubai.A reporter checked the official websites of Air China, China Eastern Airlines, and found that there are no flights from domestic locations to Dubai, UAE, from March 13 to March 31, with the earliest ticket sale date being April 1.However, an airline representative revealed to the reporter that this batch of resumption is not a full restoration of regular flights, but rather that each flight will undergo a safety assessment.

OpenAI CEO Sam Altman forwarded an internal letter stating that the company is negotiating with the U.S. Department of Defense to revise an agreement, clarifying that artificial intelligence systems must not be intentionally used for domestic surveillance of U.S. citizens and nationals, and prohibiting tracking or monitoring through the procurement or use of commercially obtained personally identifiable information.The letter mentioned that the Department of Defense confirmed that the relevant services would not be used for intelligence agencies, and any service provision would require a separate modification of the contract. Sam Altman stated that the company would participate in policy discussions through democratic processes, and if it receives directives that it deems unconstitutional, it will refuse to comply, adding that some technologies are not yet mature and that it will work with relevant departments to gradually improve safety mechanisms.

Binance founder Changpeng Zhao (CZ) stated during an interview with Bloomberg at the World Liberty Financial Forum: "Binance wants to conduct more business in the United States and aims to bring excellent products to the U.S., making it easier for American consumers to access these high-quality products."In the interview, CZ revealed that after the SEC lawsuit was filed in the U.S. in 2023, Binance.US lost a significant number of banking channels and market share, facing numerous obstacles. However, the lawsuit was dismissed last year under the leadership of SEC Chairman Paul Atkins, who was appointed by Trump. With a more favorable regulatory environment emerging, previously unattainable options, including deeper banking relationships and even seeking a banking license, are now "completely possible," but he emphasized that any such initiatives would depend on the right team and legal guidance.

The China Securities Regulatory Commission (CSRC) has issued the "Regulatory Guidelines on the Offshore Issuance of Asset-Backed Securities Tokens for Domestic Assets." The guidelines refer to the offshore issuance of asset-backed securities tokens for domestic assets as activities that issue tokenized equity certificates abroad, supported by cash flows generated from domestic assets or related asset rights, utilizing cryptographic technology and distributed ledger or similar technologies. The offshore issuance of asset-backed securities tokens for domestic assets must strictly comply with laws, administrative regulations, and relevant policy provisions regarding cross-border investment, foreign exchange management, network and data security, and must fulfill the approval, filing, or security review procedures required by the aforementioned regulatory authorities, without harming national interests and public welfare.It is mentioned that the China Securities Regulatory Commission will conduct strict regulation of the offshore issuance of asset-backed securities tokens for domestic assets in accordance with the law and regulations. Before carrying out related business, the domestic entity that actually controls the underlying assets must file with the CSRC, submitting the filing report, complete set of offshore issuance materials, and other relevant documents as required, fully explaining the information of the domestic filing entity, underlying asset information, token issuance plan, and other circumstances. The domestic filing entity and its controlling shareholders, actual controllers, directors, supervisors, senior management personnel, as well as relevant intermediary institutions must ensure that the filing materials provided are true, accurate, and complete, and must not contain false records, misleading statements, or significant omissions.

According to Jinshi reports, relevant officials from the People's Bank of China and the China Securities Regulatory Commission answered reporters' questions regarding the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currencies." They stated that regarding virtual currencies, there has long been a prohibitive policy stance on related business activities within the country.In 2013, the People's Bank of China and five other departments jointly issued the "Notice on Preventing Bitcoin Risks," which clarified that Bitcoin is a specific virtual commodity and should not be circulated or used as currency in the market. The "Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading Speculation," issued in 2021, further clarified that Bitcoin, Ethereum, and stablecoins such as Tether do not have the same legal status as fiat currency, and conducting virtual currency-related business activities within the country is considered illegal financial activity and is strictly prohibited.The notice continues the policy stance of recent years, reiterating that virtual currencies do not have the same legal status as fiat currency, and conducting virtual currency-related business activities within the country is illegal financial activity. Foreign entities and individuals are not allowed to illegally provide virtual currency-related services to domestic entities in any form.