Reuters: Iranian sources deny allowing Indian-flagged oil tankers to pass through the Strait of Hormuz. (Jinshi)

AI-related stocks in Hong Kong have seen a notable downturn, with Zhihu (02513.HK) experiencing a drop of over 7%. According to Jin10, MiniMax (00100.HK) and XunCe (03317.HK) also faced declines, each falling over 4% at one point. This trend reflects broader market sentiments and investor caution surrounding AI investments in the region.

Shares of Indian food delivery companies experienced a decline following warnings from restaurants about potential disruptions in operations due to a cooking-gas shortage. Bloomberg posted on X that the shortage was triggered by the ongoing conflict in the Middle East, which has affected the supply chain. The situation has raised concerns among restaurant owners, who rely heavily on cooking gas for their daily operations. As the conflict continues, the impact on the food delivery sector is expected to persist, potentially affecting service availability and delivery times. The shortage has prompted industry stakeholders to seek alternative solutions to mitigate the disruption and ensure continuity in service.

French President Emmanuel Macron is scheduled to meet with Ukrainian President Volodymyr Zelensky in Paris on Friday. According to Jin10, the meeting aims to discuss ongoing geopolitical tensions and strengthen bilateral relations between France and Ukraine. The discussions are expected to cover a range of topics, including security cooperation and economic partnerships. This meeting comes amid heightened tensions in the region, with both leaders seeking to address pressing issues and explore avenues for collaboration.

China has resumed sending military aircraft into a sensitive area near Taiwan, following a short period of reduced activity. Bloomberg posted on X that this development comes after a mysterious pause in such flights, raising concerns about regional tensions. The flights are seen as part of China's ongoing pressure campaign against Taiwan, which it views as a breakaway province. The situation continues to be closely monitored by international observers, as it has significant implications for regional stability.

Thailand has summoned Iran's ambassador in response to an attack on a Thai cargo ship in the Strait of Hormuz. According to NS3.AI, the Thai government is actively working to address the situation and ensure the safety of its maritime operations.

U.S. SEC Chair Paul Atkins has reiterated that tokenized securities are subject to federal securities laws. According to NS3.AI, Atkins emphasized the potential of distributed ledger technology to offer various opportunities within the financial sector. These remarks were made during his appearance on the All-In Podcast on March 12.

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After India sought to ensure the safe passage of crude oil and natural gas shipments through this crucial waterway, Iran, through diplomatic channels, has allowed Indian-flagged oil tankers to pass through the Strait of Hormuz. Sources say the Indian-flagged tankers "Pushpak" and "Parimal" have passed safely through the strait. Meanwhile, ships linked to the United States, Europe, and Israel remain subject to 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 start of the conflict with Iran. (CNN)

Prediction market Kalshi has initiated legal proceedings against regulators in Iowa, citing concerns over potential enforcement actions related to its sports event contracts. According to Cointelegraph, the lawsuit was filed against Iowa Attorney General Brenna Bird, the Iowa Racing and Gaming Commission, and its board in a federal court on Wednesday. Kalshi claims there is a significant risk that Bird might pursue enforcement actions to obstruct the company's event contracts. Kalshi's complaint reveals that a company representative met with Bird, anticipating a discussion about a tax bill under consideration in the Iowa legislature. However, the representative was met by a panel of attorneys, including Iowa's Solicitor General, who posed pointed questions about whether Kalshi's federally regulated offerings violated Iowa state law. Kalshi alleges Bird informed its representative that the Attorney General had been scrutinizing the company for an extended period. Following the meeting, Kalshi reached out to a representative for the Attorney General on Tuesday, seeking assurances that no enforcement action was planned against them. However, the representative did not provide such assurances, stating in writing that no guarantees could be made regarding potential future enforcement. Kalshi's lawsuit against Iowa represents the company's latest legal challenge against a U.S. state regulator concerning its ability to offer event contracts nationwide. In this lawsuit, Kalshi argues that federal law preempts Iowa from subjecting the company to state law, asserting that as a designated contract market, it falls under the exclusive jurisdiction of the Commodity Futures Trading Commission. This argument has been presented in multiple court cases with other state gambling regulators over the legality of sports event contracts. State regulators have often claimed that these contracts, which allow users to bet on sporting event outcomes, constitute gambling and are subject to separate state-level laws, offered without a license. Federal courts have varied in their responses to these lawsuits. Recently, an Ohio federal court denied Kalshi's request to prevent Ohio regulators from acting against its sports contracts, citing insufficient evidence of CFTC jurisdiction. Earlier this year, a Massachusetts federal court blocked Kalshi from offering event contracts in the state, while Nevada sued the company last month after an appeals court rejected Kalshi's attempt to halt state actions. Conversely, federal courts in New Jersey and Tennessee have temporarily sided with Kalshi, preventing state regulators from taking action against the company's sports event contracts.

Top executives in Switzerland's banking sector, including UBS Group CEO Sergio Ermotti, may face restrictions on their bonuses as lawmakers consider measures to tighten regulations on the country's financial industry. Bloomberg posted on X, highlighting the potential impact of these legislative decisions on the traditionally protected Swiss banking sector. The move comes as part of a broader effort to impose stricter controls and accountability within the financial industry, which has long been a cornerstone of Switzerland's economy. The outcome of this legislative debate could significantly alter the compensation landscape for high-ranking bankers in the nation.

The latest results of a16z's semi-annual in-depth research on artificial intelligence applications, this time include all consumer products where generative AI has become a core experience, to more accurately reflect how people actually use AI.

Mastercard has launched a Crypto Partner Program that brings together more than 85 companies across the digital asset, payments and financial sectors to develop blockchain-based payment solutions. The initiative aims to integrate digital assets with existing payment networks for uses such as cross-border transfers, settlements and business payments.

Binance has filed a defamation lawsuit against The Wall Street Journal after the media outlet tried to expose the exchange for helping Iran to evade US sanctions.

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OpenClaw, an open-source AI agent software, has sparked a nationwide craze for "raising lobsters" in China. Philip Sun, a sales analyst at Goldman Sachs Asia, said the speed and enthusiasm with which the Chinese embrace AI is astonishing.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse Morning 8," issue 2993, providing you with the latest and fastest news on the digital currency and blockchain industry.

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On March 3, 2026, the FATF released a special report on stablecoins. Three days later, on March 6, the White House signed an executive order on cybercrime.