The global Web3 and digital asset sector witnessed significant regulatory, institutional, and technical developments over the past 24 hours. In a major move for traditional finance, BNY Mellon has launched tokenized deposits as part of its digital assets expansion, signaling deepening institutional integration of blockchain technology. Regulatory shifts are underway in Asia. South Korea is planning to lift its ban on corporate cryptocurrency holdings, a pivotal policy change expected to unlock new institutional participation. Meanwhile, India’s Financial Intelligence Unit (FIU) has tightened Know Your Customer (KYC) requirements for crypto exchange users, now mandating live selfies and geo-tagging during registration. In the United States, regulatory actions presented a mixed picture. The Tennessee Department of Financial Institutions ordered prediction market platforms Kalshi and Polymarket, along with Crypto.com, to cease offering sports event contracts to state residents. Conversely, the U.S. Securities and Exchange Commission (SEC) could process Morgan Stanley’s spot Bitcoin ETF application as early as March 23, according to analyst James Seyffart. The FBI issued a cybersecurity alert, warning that the North Korean state-sponsored hacking group Kimsuky is conducting targeted phishing campaigns using malicious QR codes. On the corporate front, stablecoin company Rain completed a $250 million funding round led by ICONIQ Growth, achieving a post-money valuation of $1.95 billion. In infrastructure news, TBook, a Real World Asset (RWA) liquidity layer protocol, secured a new round of funding led by SevenX Ventures. In a notable trademark approval, Russian authorities have greenlit the registration for Hadron, Tether’s asset tokenization platform. Ethereum co-founder Vitalik Buterin emphasized the network’s need for a more mature decentralized stablecoin ecosystem. He argued for building value indices superior to a simple U.S. dollar peg to enhance economic resilience. Finally, prediction market platform Polymarket was named the official prediction market partner for the Hollywood Golden Globe Awards, marking a step towards mainstream cultural integration for Web3 applications.