Cambodia’s National Assembly unanimously passed a new law to crack down on cyber scams that use crypto assets, with a maximum penalty of life imprisonment. The bill will be reviewed by the Senate and approved by the King. The core leaders of scam syndicates face severe penalties; analysis suggests this may only shift the crimes, and that coordinated efforts are needed to target corruption and money-laundering networks as well.

The report points out that traditional financial institutions are rapidly moving into the cryptocurrency market, creating competitive pressure on exchanges. With the rollout of spot Bitcoin ETFs, investors are increasingly favoring bank and securities products, leading to decreased exchange trading volume and layoffs. If an exchange doesn’t offer unique services, it will be difficult to survive. The trend toward the integration of traditional finance and the crypto industry is also strengthening, and exchanges worldwide face challenges.

Bitcoin’s price is trading in a tight range around $67,044, moving within a downtrend channel. The third wave of decline has already retraced by about 5%. Technical indicators show that price momentum is weakening, and short-term holders face losses. Key support levels are $65,750 and $64,920; if those levels break, the price could test as low as $57,883. Investors should monitor market conditions and manage risk cautiously.

The Ethereum price is trading in a range near $2,055, facing the risk of a technical pullback. Although a whale has increased its holdings, price momentum is weakening. Investors should watch the key support level at $2,024 and potential market pressure, which could lead to further downside. Investors should carefully evaluate the potential impact.

This week, Nakamoto Holdings sold part of its Bitcoin to maintain operations, drawing market attention. Analysts noted that digital asset management companies that rely on asset accumulation face pressure, while Japan’s Metaplanet continues to steadily increase its Bitcoin holdings, showing a firm buying strategy. Market developments still need to be monitored regarding the company’s operations and capital allocation.

In 2026, tensions in the Middle East led Americans to face an economic burden, with the cost of military operations ranging from $30 billion to $45 billion, increasing spending by about $2.5 to $3.8 per person per day. Oil prices rose due to the conflict, driving up household fuel and living costs, intensifying inflation pressure, and affecting interest rates and financial markets, which could trigger greater risks.

Before Bitcoin and Ethereum options expire, the market saw a large “whale” move: first going long, then switching to buy put options, signaling caution about the price. With Bitcoin currently around $66,575, the key range is between $66k and $68k, and the market expects future price volatility to increase. This move reflects professional capital reassessing the near-term outlook.

Sonic Labs announced that 32.69 million S tokens that were not yet claimed in the Q1 and Q2 airdrops will be burned on October 15. Claims for the Q1 airdrop must be made by April 18; otherwise, you may face a penalty. For Q2, claims must be made by May 24.

Project 0 Co-Founder MacBrennan posts an update, stating that the losses from the Drift vulnerability incident will be addressed by April 2, and the specific calculation method will be announced before resuming operations. Drift lenders will share losses proportionally, while non-lenders may face an impairment of up to approximately 2%. The loss assessment is based on the most conservative scenario; conditions may improve in the future.

Bitcoin mining company Cango Inc. received a remediation notice from the New York Stock Exchange because its share price stayed below $1.00 for 30 consecutive trading days. It has a six-month remediation period. If it does not meet the requirements, it will face a suspension of trading and delisting, but the company’s operations and filing obligations will not be affected.