This newsletter roundup centers on tighter digital asset rules in Hong Kong, Singapore and South Korea, where Bob Williams said rising scrutiny is increasing personal accountability for senior managers. The roundup also includes Haidy Grigsby’s warning that crypto scams are targeting experienced investors, alongside items on a proposed U.S. 401(k) crypto rule change, the $270 million Drift exploit and Hyperliquid HIP-3 peaking at $17.8 billion in weekly volume.