Project Progress

Tether announced that its AI infrastructure, QVAC Fabric, has launched the world's first cross-platform BitNet LoRA fine-tuning framework, enabling large language models to be trained on consumer-grade hardware. This technology allows devices like smartphones to complete model fine-tuning, significantly reducing AI development costs, enabling AI decentralization, and making it possible to use AI anytime and anywhere in the future.

Hong Kong regulators received 36 stablecoin license applications but plan to approve only a few issuers. HSBC and Standard Chartered are expected among the first licensed HKD stablecoin issuers. The licensing framework builds on a sandbox program launched in 2024 to test stablecoin

Bitcoin Layer 2 network Stacks implemented SIP-034 upgrade on March 17, enhancing network processing capacity for certain DeFi applications by 30 times. By optimizing transaction processing limits, the upgrade significantly impacts complex DeFi applications and is expected to indirectly increase transactions and fees.

The World project has launched the AgentKit developer toolkit for CEX's intelligent agent payment protocol x402, enabling AI agents authorized by users verified through World to prove their real identities while safeguarding privacy. This initiative integrates payment and identity mechanisms to establish a comprehensive trust system.

DAO infrastructure provider Tally announced it is shutting down operations, citing changes in the US regulatory environment that have reduced demand for decentralized governance. The chief executive pointed out that previous strict regulations prompted projects to adopt DAO structures, while the current lenient environment has made them no longer considered a necessary choice.

Bitcoin infrastructure provider Maestro launches Mezzamine, a credit market denominated in bitcoin, targeting institutional investors with new yield opportunities and expanding miner financing. In collaboration with Sazmining, the project offers an annualized yield rate of 8%-9%, aiming to address risks in traditional mining finance.

Decentralized GPU computing infrastructure platform Aethir officially launched its managed Kubernetes service on March 17, aiming to expand into enterprise-grade AI infrastructure. The service supports rapid cluster deployment, is compatible with the latest GPUs, and starts at $1.45/hour with enterprise-grade security. Through cost optimization, Aethir has been providing computing power services across 95 countries globally, serving 150 enterprise customers.

Gate News bot message, Aster has launched its mainnet. A block explorer is now live on its website. The largest $ASTER long position on Hyperliquid holds 25.93M $ASTER valued at $20.4M, currently up $3.9M.

Arbitrum Foundation has released the 2025 Transparency Report, showing that traditional finance is accelerating its on-chain business deployment. The ecosystem now includes 189 collaborative projects, with a transaction volume exceeding 2.1 billion transactions and a total value locked of approximately $20 billion. The on-chain RWA scale has surpassed $800 million. At the same time, the foundation is promoting infrastructure upgrades and revenue growth.

Gate News: On March 17, tokenization platform Theo announced the launch of thUSD, a yield-bearing stablecoin backed by gold, and opened a liquidity pool with a maximum capacity of $100 million. The stablecoin is backed by thGOLD, its issued gold token, and generates yield through a cash and carry arbitrage strategy that holds spot gold exposure while shorting gold futures. Previously, Theo raised $15.5 million in funding led by Hack VC and Anthos Capital.

Gate News reported that on March 17, Sharplink announced that since launching its Ethereum vault, it has accumulated 15,464 ETH in staking rewards through staking, valued at approximately $36 million at current prices. Sharplink stated that it earned over 493 ETH through staking last week, generating approximately $1.1 million in returns. The project stated that its held ETH will continue to generate more ETH through staking.

Ripple announced plans to expand digital asset services in Brazil, with plans to apply for a virtual asset service provider license, and has already connected with multiple local institutions to its network, including Banco Genial and Braza Bank, to promote dollar transfers and stablecoin issuance.

Gate News report: On March 17, Tether's QVAC Fabric launched the world's first cross-platform LoRA fine-tuning framework for Microsoft BitNet (1-bit LLM), significantly lowering the VRAM and computational thresholds for large model training. The framework supports LoRA fine-tuning and inference acceleration on Intel, AMD, Apple Silicon M series, and mobile GPUs (including Adreno, Mali, and Apple Bionic).

CoinSwitch launched Digivault to provide secure crypto custody solutions as demand from investors continues rising. The move reflects increasing institutional interest in safeguarding digital assets through regulated custody infrastructure. CoinSwitch launched Digivault to meet the rising need

Gate News report: On March 17, according to sources within Tencent, Tencent's QClaw will launch a public beta in the near future, and a new version will be released on March 18.

Pi Network has begun its second mainnet migration phase, allowing users to transfer more mined Pi coins to the blockchain. This updates users on KYC verification requirements, enhances security with two-factor authentication, and has elicited mixed reactions from the community as it progresses toward a fully active ecosystem.