Crypto Chronicles:Web 3 And Moscow

1-Asia Web3 Alliance seeks US-Japan tokenization cooperation

The SEC, Japan's Financial Services Agency, the Ministry of Economy, Trade, and Industry, and the Bank of Japan are proposed to work together to clarify regulations and improve market interoperability.

A standardized token categorization system to separate tokenized securities, utility tokens, and non-security digital assets is one of the initiative's main goals.

It also offers a safe harbor framework for early-stage token initiatives, similar to U.S. models, to enable businesses to test their concepts in a restricted regulatory environment before full compliance.

The coalition also suggests cross-border token issuance, trading, and custody norms to improve regulatory uniformity and investor trust.

The idea recommends a mutual recognition system to enable compliant tokenized products to operate effortlessly across the two nations, removing legal and tax issues that limit Web3 innovation.

A U.S.–Japan Web3 regulatory forum is central to the plan. This effort would allow regulators, legal experts, and industry executives in both countries to discuss regulatory changes, case studies, and research.

The Asia Web3 Alliance claims that legislative uncertainty makes token category definition and compliance across nations difficult for Web3 firms.

The letter said the partnership will “develop guidance for distinguishing native digital tokens vs. traditional securities issued via blockchain.”

The partnership suggests a preparatory conference between SEC officials and Japanese authorities and selecting pilot projects to test cross-border tokenization frameworks.

2-Russian crypto event of the year: Crypto Summit 2025 in Moscow

Moscow hosted Crypto Summit 2025 on March 19–20, 2025. At the MTS Live Hall, major crypto industry participants gathered for the year's biggest and most important cryptocurrency and blockchain event.

BINGX was Crypto Summit 2025's general partner and ALGORITM its title partner.

The summit partners included these companies: BingX, Algoritm, FBOX, Silovye Sistemy, Intelion Data Systems, Keine Exchange, Mining depo, Leomining, R7miner, Rapira, Sibmain, Global Mining, Storm Trade, MEXC, Fregat, Fintopio, Coinkyt, CryptoCopy, Bitget, Shard, Beacontex, Bitcube, Ubit, Alpha dex, Proself.group, Cryptonex, EMCD, Egorov Mining, Cryptopoligon, GMT Legal, ALT3 Capital, Crypton.studio, Radistr, IEP, Mine stream, Apextomining, Collect&Pay, Ministargroup, More Login, A7A5, Microru, Auro miner, Bitferma, Becon miner, OKO, Finex24, RSI Garant, Astralane, Zenit legal, Vergilix, UGK Energetika

3-Coinbase backing Celo's Ethereum Layer-2 transition

Coinbase will halt CGLD deposits and withdrawals on March 25 to update Celo's native cryptocurrency. Celo moved to Layer-2 to capitalize.

Ethereum maintains its cheap transaction costs and rapid settlement times while securing its vast ecosystem.

This strategy approach should increase scalability, cost, and Ethereum-based application interoperability. ​

Technical features including quicker block confirmations and native Celo-Ethereum bridge improve asset transfer security and efficiency during migration.

4-Abracadabra pays hacker 20% after $13M breach.

According to a statement released by the business, the protocol has subsequently prohibited borrowing across all cauldrons and is collaborating with providers of blockchain security services in order to hunt down the monies that were taken.

The interface between the GMX decentralized exchange and Abracadabra's loan contracts was the focus of the assault, which was first identified by the blockchain security company PeckShield.

At this time, an evaluation of the entire extent of the assault is being carried out. According to a statement made by the firm, "We are working together with Guardian Audits, GMX, and other security peers to identify the execution of the hack."

Abracadabra said that their gmCauldrons were incorporated into numerous security monitoring systems, such as Zeroshadow tracking and Hexagate response software, and that they were subjected to audits by Guardian Audits prior to their deployment. The compromise was not discovered until after the attacker had completed a number of transactions, despite the fact that these precautions were taken.

Reference

https://crypto.news/asia-web3-alliance-proposes-us-japan-collaboration-on-tokenization/

https://crypto.news/crypto-event-of-the-year-in-russia-crypto-summit-2025-takes-place-in-moscow/

https://crypto.news/abracadabra-offers-hacker-20-bounty-after-13m-breach/

https://crypto.news/coinbase-supporting-celos-transition-to-ethereum-layer-2/