ByteDance and Savvy Games Group, a subsidiary of Saudi Arabia's Public Investment Fund, have reached an agreement to sell Moonton Technology for over $6 billion. Moonton is the developer of the MOBA mobile game Mobile Legends. This transaction reflects ByteDance's strategic focus shift toward the AI sector.

# Key Variable Emerges in U.S. Stablecoin Regulation A research report from the White House Council of Economic Advisers has become a focal point of controversy, arguing that stablecoins have limited impact on traditional bank deposits. Multiple Republican senators are demanding the report be made public to advance the Digital Asset Market Transparency Act. Signals from the Treasury Secretary indicate support for easing bank capital constraints, with policy pathways at a critical juncture.

As on-chain data accumulates, the competition between permissioned and permissionless blockchains has entered a new stage. Ethereum's real-world assets exceed $16 billion, leading other public chains. Although private chain assets are massive in scale, they are primarily used for internal ledgers and lack liquidity. Experts generally agree that in the long term, permissionless public chains have greater advantages in liquidity and openness. Currently, most RWA projects adopt a hybrid model. Although private chains have advantages in compliance, applications are gradually concentrating on public chains.

Gate News reports that on March 20, Yotta Data Services Pvt., the data center operator running India's largest-scale Nvidia AI processor cluster, is seeking a new round of financing at an estimated valuation of approximately $4 billion before submitting a preliminary prospectus for its initial public offering (IPO). The Mumbai-headquartered company plans to raise approximately $500 million to $600 million and intends to submit formal listing documents within weeks. According to informed sources, the company also plans to raise a comparable amount of capital in the public offering.

Kenya's National Treasury has released draft regulations for Virtual Asset Service Providers, focusing on stablecoin reserves and licensing. A public consultation is open until April 10 for stakeholder feedback.

Gate News reports that on March 19, according to sources familiar with the matter, cryptocurrency trading platform FalconX is exploring the possibility of an initial public offering (IPO), with multiple investment banks including Cantor Fitzgerald bidding for underwriting services on the project. FalconX is known for providing digital asset trading services, and this consideration of going public comes as interest in the cryptocurrency market continues to grow.

Gate News, on March 19, a certain CEX parent company Payward Inc. has suspended its initial public offering (IPO) plan, choosing to wait for better market conditions.

Gate News reports that on March 19, OpenClaw AI Agent has recently garnered widespread attention in the Chinese market. Both Baidu and Tencent have held related public events to promote the adoption of this technology in the local market. However, OpenClaw also faces some challenges, including security warnings and rising token costs.

Gate News reports that on March 19, the Federal Bureau of Investigation (FBI) issued a warning stating that criminal networks are exploiting cryptocurrency ATMs to conduct fraud schemes. Scammers impersonate law enforcement personnel and use false legal threats to lure victims into transferring funds through cryptocurrency ATMs. The FBI reminds the public to remain vigilant, noting that law enforcement will never request citizens to use cryptocurrency ATMs for transfers or to pay fines via phone or other means.

Kenya's government has released a draft guidance document targeting cryptocurrency companies and digital asset service providers, requiring registration, licensing, and transparency, while strengthening stablecoin reserve management. These measures aim to enhance investor confidence and market stability, while providing opportunities for public and stakeholder feedback to advance a balance between compliance and innovation.