Bessent: Hormuz Strait Shipping Insurance Plan to Launch

On March 27, a new address withdrew 340 Bitcoins (valued at approximately $23.14 million) from Binance, per Onchain Lens monitoring.

**March 27th Update** Per The Data Nerd’s monitoring, 12 hours prior, a whale named "Corus" executed these moves: - Deposited 1.5M USDT to Binance - Withdrew 645,500 ZRO (~$1.4M) Additionally, the whale holds 318,100 HYPE (~$12.27M) and has 3 pending accumulation orders for TAO, ZRO, and ZEC (~$1.25M total).

On March 27, 2026, Zhou Xiaochuan, former governor of the People’s Bank of China (PBOC), attended the 2026 Boao Forum for Asia Annual Conference. He noted that a good payment system isn’t about leading in a single technology or performance metric—just as instant payment isn’t necessarily better. The most critical factor is “adaptability.” Zhou pointed out that regulation should focus on combating money laundering, drug trafficking, cross-border gambling, and telecom fraud, among other issues. Several central bank governors at the forum noted that while digital currencies are now used in payment systems, fraudsters also leverage digital currencies, and such fraud is “quite rampant.” Zhou added that anti-fraud capabilities still need continuous improvement. When discussing regulatory adaptability, Zhou again addressed stablecoins. He explained that as soon as online fraud proceeds hit an account, they’re immediately split into hundreds or thousands of accounts to evade compliance c

March 27th (Bloomberg) — Private funding for the cryptocurrency sector rose from nearly $13 billion in 2024 to $20.4 billion in 2025, per Bloomberg data, though it remains below the 2022 peak of $27.6 billion. Top private funding areas include "Investment & Trading Infrastructure" and "Brokers & Exchanges" (i.e., financial applications), with payment infrastructure ranking third. Cryptocurrency payment firms raised $2.6 billion in 2025 — more than the total raised in the prior three years combined. Given Mastercard’s recent acquisition of BVNK, that figure is expected to climb further this year. By contrast, blockchain gaming funding has collapsed: It hit $37.6 billion in 2022 (roughly 14% of total private crypto funding) but was no longer listed as a separate category in 2025. For Web3 dApps, 2022 saw $5.2 billion in funding; in 2025, the dApp segment focused solely on consumer applications pulled in just $864 million.

March 27: Coinbase Chief Policy Officer Faryar Shirzad called on U.S. lawmakers to update cryptocurrency tax regulations, saying the current system—where crypto assets are treated as “property”—is struggling to keep pace with the industry’s evolution. He noted that under current rules, even paying gas fees or using stablecoins for everyday transactions can trigger tax liabilities—requiring users to calculate cost basis, track gains and losses, and adding to compliance burdens. Coinbase data shows tax-related customer service inquiries are up 34% year-over-year, with millions of 1099-DA forms set to be issued by 2025—many tied to small-value transactions. Shirzad also noted that more than 63% of users have gaps in their cost basis records, and he proposed a de minimis exemption for small transactions to cut down on compliance complexity. He warned that failing to update the rules could hurt the U.S.’s competitiveness in the crypto space. (Cryptopolitan)

March 27th — Official sources report that Felix, the RWA DeFi protocol in the Hyperliquid ecosystem, has launched tokenized stock and ETF trading. The protocol has partnered with OndoFinance to build its spot infrastructure, listing over 250 assets to date. It also manages perpetual markets for silver, oil, and copper via the HIP-3 mechanism. Reportedly, Felix focuses on providing on-chain users with tokenized U.S. stocks, ETFs, and commodity perpetual contracts, supporting 24/7 market access and low execution fees.