According to an official announcement, South Korean cryptocurrency exchange Bithumb will list the CYS token on the Korean won market on March 12.

Odaily Planet Daily reports that Iran, through diplomatic channels, has allowed Indian-flagged oil tankers to pass through the Strait of Hormuz after India sought assurances of safe passage for crude oil and natural gas shipments. Sources indicate that the Indian-flagged tankers "Pushpak" and "Parimal" have safely transited the strait. Meanwhile, ships linked to the United States, Europe, and Israel continue to face restrictions amid the ongoing regional conflict. The safe passage of oil tankers through the Strait of Hormuz was a key topic of discussion during a phone call between Indian Foreign Minister S. Jaishankar and Iranian Foreign Minister Araqchi on Tuesday evening. This was the third phone call between the two sides since the outbreak of the conflict with Iran. (CNN)

According to Odaily Planet Daily, prediction market firm Kalshi has filed a lawsuit in Iowa federal court against Iowa Attorney General Brenna Bird and the Iowa Racing and Betting Commission, alleging a "significant risk" of enforcement action to block its event trading contracts. Kalshi stated that its representatives met with Bird, initially believing it would discuss a tax bill under consideration by the Iowa legislature. However, the meeting was met with a barrage of pointed questions from a group of lawyers (including the Iowa Deputy Attorney General) regarding whether its federally regulated products violated Iowa state law. Kalshi claims Bird informed its representatives that the Attorney General's office had been "monitoring" the company for "a long time." Following the meeting, Kalshi contacted the Attorney General's representatives seeking assurances against enforcement action, but received a written response stating that "no guarantees will be made regarding potential future enforcement action." In its lawsuit, Kalshi argues that federal law takes precedence over Iowa state law, and that as a designated contract market, it is subject to the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC). Kalshi has previously been embroiled in legal battles with betting regulators in several states over the legality of his sports event contracts, with differing rulings from federal courts in each state: courts in New Jersey and Tennessee ruled in favor of Kalshi, temporarily blocking state regulators from taking action; a federal court in Ohio rejected Kalshi's request this Monday; and a federal court in Massachusetts also blocked Kalshi from offering event contracts in the state earlier this year.

On March 12, Odaily Planet Daily reported that Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated during an All-In Podcast that, from his perspective, distributed ledger technology (DLT) offers numerous potential advantages to the financial services industry. The industry is currently at a critical juncture, poised to achieve T+0 settlement, meaning near-real-time delivery and payment, and even direct payments via on-chain digital assets. He described this prospect as "very exciting," but noted that certain "deceleration mechanisms" may still be needed in the system to prevent risks such as fraud. However, he also pointed out that this model still faces challenges, such as liquidity issues. How the concept of "best bid and ask price" in traditional markets should be reflected in the new trading architecture remains a crucial issue that needs to be addressed. Atkins emphasized that the SEC's fundamental principle is that if an asset is inherently a security, even if it is tokenized, its legal status remains that of a security, and it must still comply with federal securities laws. At the same time, regulators also have a responsibility to ensure that existing rules adapt to new application scenarios. As the purpose of transactions and settlement methods change, the regulatory system also needs to be adjusted accordingly. He stated that the SEC is currently reviewing existing regulatory rules one by one to assess their suitability for the emerging technology environment and will update them at the institutional level as necessary.

Odaily Planet Daily reports that the Thai government summoned the Iranian ambassador regarding the attack on a Thai vessel in the Strait of Hormuz and is making every effort to rescue the three crew members still trapped on board. The bulk carrier Mayuree Naree was hit by Iranian artillery fire on Wednesday while transiting the strait empty. Of the 23 crew members, 20 were rescued by the Omani navy after abandoning ship in lifeboats. The shipowner stated that the three missing individuals are believed to be trapped in the engine room, which was hit and caught fire at the stern. The Thai Ministry of Foreign Affairs stated that its diplomats in Muscat are cooperating with Oman in the rescue efforts and have summoned the Iranian ambassador for talks. The Thai Ministry of Foreign Affairs issued a statement expressing "deep concern" about the situation in the Middle East, noting that the incident, triggered by attacks from the US and Israel and retaliatory actions by Iran, could escalate regional tensions and pose a serious threat to innocent civilians. It urged all parties to respect international law, exercise restraint, and de-escalate the situation. (Jinshi)