On March 12, reports indicated that the cryptocurrency market experienced a downturn, with Bitcoin falling below $70,000. As of press time,$Bitcoin (BTC.CC)$Bitcoin dropped by 1.15%, trading at $69,421.76. $Ethereum (ETH.CC)$Ethereum declined by 1.12%, trading at $2,026.77.

Key Focus

According to an official announcement from Grayscale,$GRAYSCALE AVALANCHE TRUST ETF (GAVA.US)$will commence trading tomorrow, offering investors direct exposure to AVAX.

• The first batch of stablecoin issuer licenses in Hong Kong may be announced soon, with reports suggesting Standard Chartered, HSBC, and OSL are among the finalists.

Citing multiple sources, The Sing Tao Daily reported that$HSBC HOLDINGS (00005.HK)$、$STANCHART (02888.HK)$along with Hong…