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According to PANews, CertiK, a leading Web3 security company, has signed an agreement to become a key enterprise partner with the Hong Kong Special Administrative Region Government. The signing ceremony, part of the government's initiative to attract key enterprises, was attended by CertiK's Chief Technology Officer, Dr. Li Kang, alongside representatives from 17 other high-tech companies. The event, witnessed by Financial Secretary Paul Chan, drew over 200 participants, including representatives from key enterprises, local and foreign chambers of commerce, research institutions, universities, financial and professional services companies, and relevant government departments. A total of 18 companies from sectors such as advanced manufacturing, new energy technology, artificial intelligence and data science, fintech, and life health technology joined the initiative. CertiK stands out as the only company focused on Web3 security, leveraging its expertise in blockchain security to contribute to Hong Kong's development as an international innovation and technology hub. Dr. Li Kang highlighted Hong Kong's world-class financial and technological talent and its close international ties. He noted the government's proactive approach in promoting Web3.0, introducing various virtual asset policy frameworks, and implementing a licensing regime for virtual asset service providers (VASP). Institutions like Cyberport are actively providing funding and resources to accelerate the growth of the Web3 ecosystem. CertiK aims to set industry standards for virtual asset compliance audits and contribute to the sector's development, enhancing Hong Kong's global competitiveness. The Office for Attracting Strategic Enterprises (OASES) stated that it will collaborate with other government departments to provide comprehensive services to key enterprises, including CertiK, to expedite their business establishment in Hong Kong and promote sustained growth in the innovation and technology industry. CertiK plans to leverage Hong Kong's strategic location and policy support to deepen collaboration with local research institutions and enterprises, contributing to the diversification of Hong Kong's economy. Founded in 2017 and headquartered in New York, CertiK is dedicated to Web3 security, supporting the long-term development strategy of Web3 enterprises and ecosystems through its full-cycle products and services. The company has rapidly expanded globally, serving over 4,900 enterprise clients and safeguarding digital assets valued at over $530 billion. CertiK has a longstanding relationship with Hong Kong, with its co-founder Professor Ronghui Gu and CTO Dr. Li Kang being members of Hong Kong's Web3 Development Task Force, actively participating in the construction of the Web3 ecosystem. CertiK has also collaborated with Cyberport to launch Web3 security training courses and proposed stablecoin regulatory recommendations adopted by Hong Kong authorities. Becoming a key enterprise partner will further solidify CertiK's strategic position in the Asia-Pacific region and support Hong Kong's innovation in fintech and blockchain.

According to Odaily, Web3 communication protocol Mail3 has announced that it will stop maintenance on March 31. Users are advised to back up important data to prevent loss. Mail3 was launched in 2022, allowing users to generate an email address using an address or domain name.

According to Odaily, U.S. senators have called on the Department of Justice to investigate the social media platform 'X' for allegedly pressuring advertisers. This request follows reports suggesting that the platform may have engaged in practices that could potentially violate advertising standards.

According to Odaily, there are concerns that the X account of Jupiter co-founder Meow may have been compromised. Users are advised to exercise caution and refrain from trusting any content posted from the account until further notice.

According to Foresight News, security incidents in the Web3 sector during February 2025 have resulted in estimated losses totaling $1.681 billion. The SlowMist blockchain hacker database recorded 15 hacking incidents, leading to approximately $1.676 billion in losses, with $52.45 million either frozen or recovered. Additionally, data from the Web3 anti-fraud platform Scam Sniffer indicates that 7,442 individuals fell victim to phishing attacks this month, incurring total losses of $5.32 million. The primary causes of these incidents include vulnerabilities in smart contracts, social engineering, account intrusions, and private key leaks.

According to BlockBeats, on March 3, top trader Eugene Ng Ah Sio announced a shift in his communication platform from X to Telegram. A link to a Telegram group was shared on his X account, indicating that he will no longer post updates on X.BlockBeats advises users to remain cautious, as there is a possibility that Eugene's X account may have been compromised. It is currently unclear whether the posts on X or Telegram are genuinely from the account owner. Users are urged to stay vigilant and protect their assets.

According to PANews, Web3 security company SlowMist has issued a warning on the X platform about the spread of 'Safeguard' variant attacks on Telegram. Users are advised to be cautious of randomly sent fake 'account risk' messages and false security check prompts. Mishandling these messages and proceeding with 'verification' could lead to account takeover, theft of private keys, and scams targeting other Telegram contacts.

According to PANews, a covert malware campaign is targeting cryptocurrency wallets by embedding malicious code in fake open-source projects on Github. This operation, known as Gitvenom, deceives developers into executing hidden payloads. Researchers Georgy Kucherin and Joao Godinho uncovered this activity, where cybercriminals create fraudulent repositories that mimic legitimate software tools. The method of embedding malicious code varies depending on the programming language used in these fake projects.

According to PANews, the Android version of Telegram 11.8 Beta has introduced several new features related to Star Coins, including paid messages, Star Coin withdrawals, and purchasing Premium with Star Coins. These features are currently available only on the test server.Premium users can set a fee for private messages through the settings under Privacy and Security, with an option to add exceptions for free. Senders are required to pay with Star Coins, and the platform takes a 15% commission.A new button for Star Coin withdrawals has been added, although this feature is not yet operational.Users can purchase Premium subscriptions using Star Coins, with options for 3 months (1000 Star Coins), 6 months (1500 Star Coins), and 1 year (2500 Star Coins). Additionally, gifts can be pinned to the user's profile page.It is important to note that these features are still in the testing phase and have not been officially launched.

According to PANews, members of the Hong Kong Legislative Council's Subcommittee on Web3 and Virtual Asset Development recently attended the Consensus Conference. The delegation, including Subcommittee Chairman Ng Kit Chuang and members Ma Fung Kwok and Kan Wai Man, visited the international event focused on cryptocurrency, blockchain, and Web3 technologies held in Hong Kong. During the visit, lawmakers engaged with conference representatives to discuss the advancement of the Web3 ecosystem, the development of the cryptocurrency economy, and the expansion of business opportunities.

According to PANews, Elon Musk's social media company, X, is reportedly in discussions with investors to raise funds at a valuation of $44 billion. This valuation matches the price Musk paid when he acquired the company in 2022. Following Musk's acquisition and subsequent reforms, which led to a significant departure of users and advertisers, this funding round could mark a pivotal moment for the social media giant. Sources familiar with the matter indicate that negotiations for this new round of funding are ongoing, and details may change. The company may also decide to abandon the fundraising talks. This marks the first known investment round since Musk privatized the social media company. The individuals providing this information requested anonymity due to the private nature of the discussions.

According to PANews, Bermuda's Prime Minister David Burt has issued a warning on the X platform about the emergence of impersonation accounts. These accounts have falsely announced the launch of a token. The method by which Elon Musk and the X platform grant gray verification badges to these accounts remains unclear. Due to the lack of control on the social media platform, Burt advises users to be vigilant against fraud to avoid being deceived. He also expressed hope that the X platform will address and resolve these issues promptly.

According to PANews, the Indian market regulator is seeking enhanced powers from the government to remove unauthorized financial advice from social media platforms like WhatsApp and Telegram and to access their call records for investigating market violations. This marks the second attempt by the Securities and Exchange Board of India (SEBI) since 2022 to obtain such authority, which has yet to receive government approval. The request comes as SEBI intensifies its investigations into market misconduct and cracks down on unregulated financial advice circulating on social media. Despite previous meetings with regulatory bodies, social media companies have not complied with government requests to access their call data records, groups, and channels.

According to PANews, Telegram founder Pavel Durov announced on his personal channel that the platform has launched its third major update of 2025, significantly enhancing its video platform capabilities. This update includes features such as video covers, playback progress saving, and timestamp sharing, aimed at improving the user video viewing experience.In addition, Telegram has introduced an AI-powered sticker search supporting 29 languages, allowing users to quickly find suitable content from millions of user-created stickers. The company stated that it plans to continue expanding the sticker library and optimizing content moderation to enhance the overall user experience.

According to BlockBeats, on February 7, 14 members of Hong Kong's Legislative Council C15+ met with Financial Secretary Paul Chan and other officials on February 6 to discuss the new fiscal budget. During the meeting, legislator Ng Kit Chuang proposed 22 recommendations across five key areas, including the development of the Web3 industry. In support of the Web3 sector, Ng suggested continuing the direction set by the 2023/24 fiscal budget with two major initiatives. The first is to allocate HKD 50 million to establish a seed fund, using a 1:1 matching approach to attract renowned international companies and large-scale industry events to Hong Kong. The second initiative involves an additional HKD 50 million to create a dedicated Web3 investment matching fund.

According to PANews, February has been a significant month for the Web3 sector, marked by several notable events. The Consensus Hong Kong Summit focused on global industry consensus, drawing attention from stakeholders worldwide. Additionally, the unlocking of substantial token amounts for Bittensor (TAO) and The Sandbox (SAND) could potentially lead to market fluctuations.In legislative developments, the Bitcoin Freedom Act is under review, signaling a pivotal moment for compliance in the industry. The trial of Do Kwon has commenced, serving as a regulatory warning for the sector. Furthermore, the Federal Reserve's meeting minutes have been released, offering a recalibration of liquidity expectations.These events collectively provide insights into the evolving landscape of Web3, offering opportunities for market participants to stay informed and ahead in the industry.

According to CoinDesk, despite significant investments and a decade of Ethereum's existence, the Web3 industry still lacks the necessary turnkey toolsets to broaden its adoption. This is in stark contrast to the early days of the internet, where user-friendly tools quickly emerged, facilitating widespread use. In the late 1990s, the internet began to significantly impact daily life, with AOL surpassing 3 million users by 1995 and Yahoo! launching as a secondary web gateway. Google’s founding in 1998 and the introduction of basic search capabilities by 1999 further opened the internet to new users.The early 2000s marked the Web2 era, characterized by easy-to-use, template-driven tools that expanded the user base. Amazon Marketplace launched in 2000, providing a turnkey e-commerce solution. Within five years, platforms like Wordpress, MySpace, and Facebook enabled personal sharing online. This rapid development of user-friendly tools was both a result of and a catalyst for the internet's success. However, in 2025, Web3 lacks similar platforms that could drive its growth. Most projects target developers or crypto enthusiasts, raising questions about the industry's ability to expand without broader user-friendly tools.Web3 participants are often incentivized through tokens to engage early with projects, regardless of usability. Projects with strong social media followings are prioritized, but unless they address critical needs, users rarely remain engaged long-term. This focus on early-stage operations over ease-of-use and long-term adoption hinders Web3's growth. For Web3 to move beyond its 'early' stage and achieve growth similar to Web2, there must be a shift towards developing tools and user interfaces that expand the user base and address genuine problems. Long-term success will depend on Web3 products that continuously add value and solve common issues for users.

According to Binance Market Data, BNB crossed the 690 USDT benchmark and is now trading at 690.809998 USDT, with a 0.48% decrease in 24 hours.

According to Foresight News, Elon Musk responded to comments regarding the alleged hacking of U.S. Treasury Secretary's computer by Chinese hackers, which reportedly led to a data breach at the U.S. Treasury Department. Musk humorously suggested that Treasury Secretary Janet Yellen might have fallen for a phishing email promising to send two bitcoins in exchange for one.