This week in Asia, significant developments in the crypto sector include global regulators reviewing rules for crypto banks, aiming to establish clearer guidelines for the industry. In the United States, Trump announced new trade deals with China, potentially impacting the crypto market dynamics between the two nations. In Hong Kong, the Securities and Futures Commission (SFC) is actively seeking a vendor to develop a crypto monitoring system, enhancing oversight capabilities. Meanwhile, Malaysia is exploring the tokenization of real-world assets, indicating a move towards integrating blockchain technology into traditional asset management. Additionally, Singapore has frozen assets linked to a Cambodian fraud case, highlighting ongoing efforts to combat financial crimes in the crypto space.