Gate News update, April 9, a South Korean court issued a ruling in an administrative lawsuit filed by a certain CEX operator against the Financial Intelligence Unit (FIU), deciding to overturn the prior three-month partial business suspension order. The court said that, in the absence of clear implementation guidance from the regulator, the operator had taken measures including customer undertakings and internal monitoring and had met its reasonable obligations. Although there is still debate over whether the measures are sufficient to fully prevent transactions with unreported counterparties, they do not support the earlier penalty decision.

Chainalysis has released a report stating that stablecoin trading volume will reach $2.8 trillion in 2025, and is expected to reach $15.0 trillion by 2035. The main drivers are intergenerational wealth transfer and infrastructure expansion. If expectations are met, stablecoin trading volume will exceed the total global market capitalization and will be on par with major payment platforms.

Cardano launches the Orion Fund in 2026, releasing 50 million ADA and shifting to an investment-driven expansion strategy. The fund size is $80 million, with the goal of activating Bitcoin liquidity, and the overall ecosystem expansion relies on the DeFi sector. At the same time, Cardano’s on-chain TVL target is $3 billion; stablecoin liquidity and real demand are key challenges.

Citibank released a report stating that OSL Group’s 2025 performance met expectations, maintained a “Buy” rating, and set a target price of HK$21.8. The report noted that OSL’s core operating revenue surged 150%. Going forward, it will drive revenue growth through its payments business and acquisitions such as Banxa, while continuing to advance its globalization strategy.

The Wildcard project held its token launch on March 27, with a market value reaching $1.1 million at one point, but it is now only $809,000, raising doubts about the project. Although the founder has a rich background, the project's progress has not met expectations, and multiple funding rounds have failed to revitalize the project. The low liquidity pool of the token reflects the impact of a lukewarm crypto market on gaming projects.

A 39-year-old woman from Hong Kong met a man through a dating app who claimed to be an employee of a new energy company. They later developed a romantic relationship on WhatsApp. The man lured her into investing in cryptocurrency on a fraudulent platform, causing her to transfer over 5.5 million Hong Kong dollars within two months before he disappeared. Hong Kong police have received 15 similar fraud cases involving a total amount of nearly 10 million Hong Kong dollars.

Gate News reported that on March 23, Grayscale has submitted an S-1 application to the US SEC, planning to launch the Grayscale HYPE ETF (ticker: GHYP). The fund aims to track the spot price of Hyperliquid (HYPE) tokens and is proposed to be listed on Nasdaq, with custody services provided by a certain CEX. The filing shows that the fund currently does not offer HYPE staking functionality, but has reserved the possibility of enabling staking in the future once certain conditions are met.

Grayscale has filed an application to list the Grayscale HYPE ETF, which will track Hyperliquid's HYPE token. If approved, it will be listed on Nasdaq under the ticker symbol GHYP. HYPE staking is currently prohibited, but may be permitted in the future if staking conditions are met. Other institutions such as 21Shares and Bitwise have also submitted related applications.

March 20th, U.S. Republican Senator Cynthia Lummis stated on social media that digital assets are the future and called for regulatory support for their development. She also met with CFTC Chairman Mike Selig to discuss digital asset market structure, emphasizing cooperation in addressing the current urgent situation.

Gate News reported that on March 18, a prediction market platform's data showed that the probability of edgeX reaching TGE (Token Generation Event) before March 31 has risen to 96%, representing a 24-hour increase of 12%. This morning, a certain CEX added EDGEX to its listing roadmap. Trading launch for the related assets depends on market-making support and the completion of technical infrastructure. Once conditions are met, a separate announcement will be made regarding the trading initiation.