After the Kingdom of Bhutan sold 70% of its Bitcoin holdings, it may have stopped or slowed Bitcoin mining, and due to economic pressure it has used more hydropower for exports to India. By contrast, El Salvador has been increasing its Bitcoin holdings.

The “Atlantic Initiative” carried out jointly by the United States, the United Kingdom, and Canada has ended, successfully freezing more than $12 million in scam assets, identifying more than 20k victims, with scam proceeds totaling over $45 million, focusing on cracking down on authorized phishing attacks. A certain CEX participated in the operation but did not freeze funds.

Gate News message, on April 9, according to Onchain Lens monitoring, the government of the Kingdom of Bhutan transferred 319.7 BTC (worth about $22.67 million) to two wallets. One is a newly created wallet, possibly a CEX wallet; the other is an old wallet that was previously used to transfer funds for sale via a certain CEX or Galaxy Digital.

The Kingdom of Bhutan has transferred another 519.707 Bitcoins, continuing its selling trend. The total holdings have decreased to 4,453 Bitcoins. Since the peak at the end of 2024, Bitcoin holdings have decreased by 66%, with a total outflow of over $150 million. The selling pace has accelerated, which may further exert downward pressure on the market.

Gate News reports that on March 24, OpenAI announced a new file management feature for ChatGPT. Users can quickly access recently uploaded files through the toolbar, ask questions directly about uploaded content, and browse and reuse files in a unified Library tab in the web sidebar. This feature is currently rolling out globally to Plus, Pro, and Business subscription users, with the European Economic Area, Switzerland, and the United Kingdom to follow at a later date.

The United Kingdom implemented new CARF-based regulations on March 20th, requiring crypto service providers to submit detailed user information to tax authorities, with automatic data exchange with over 70 countries planned for 2027. This mechanism aims to curb tax evasion but has raised privacy and security concerns, particularly regarding the increase in violent incidents such as "wrench attacks." Analysts believe that balancing regulation with user safety will be a key challenge going forward.

Gate News, on March 17, PayPal announced that it will expand the wallet holding scope of its stablecoin PYUSD to 68 additional countries and regions, bringing the total number of eligible markets to 70, a significant expansion from the previous limitation to only the United States and United Kingdom. The newly added markets include Uganda, Colombia, Peru, and others, covering more regions across South America, Africa, and Asia.

MetaMask partners with Mastercard to launch the MetaMask Card in the United States, debuting in New York. It can be used at all merchants accepting Mastercard and is compatible with digital wallets. In 2024, it will expand to users in the European Union and the United Kingdom, supporting multiple cryptocurrencies.

The High Court of the United Kingdom held a hearing on Bitcoin money laundering cases from February 16 to 17. Over 11,300 Chinese victims plan to apply to the court for compensation, with a deadline of May 22. Under the Proceeds of Crime Act, victims can apply to establish their connection to the assets involved.

8,300 Chinese victims applying for compensation in a 60,000 Bitcoin money laundering case with slow progress, law firms acting independently leading to repeated issues, and rising legal fees. In February 2026, a hearing will be held in the High Court of the United Kingdom, involving over 30 billion RMB and nearly 130,000 victims. Bitcoin market capitalization has significantly shrunk.