Project Progress

Revolut applies for a US banking license, with a valuation of $75 billion, planning to invest $500 million, aiming to break away from partner banks and directly connect to the US payment system and credit products. This strategic transformation marks an important step in its US market presence and will accelerate the development of its digital financial services, enhancing market competitiveness.

PANews March 6 News, according to The Block, the token issuance platform Doppler, which supports most new token launches on the Base chain, announced its expansion to the Solana network. Doppler stated that this migration is not simply a port or fork, but a native implementation tailored to Solana's unique architecture, constraints, programming model, and economic mechanisms. Doppler noted that it has been operating on multiple EVM chains and has integrated applications such as Zora and Bankr.

Fintech company Revolut has submitted a national bank charter application to the Office of the Comptroller of the Currency (OCC) and the FDIC, planning to establish "Revolut Bank US, NA." This is its second attempt after being blocked in 2021, with the move to a federal application aimed at optimizing the regulatory framework and expanding business capabilities, such as direct access to payment systems and FDIC insured deposits. Revolut currently has over 70 million customers and operates in 40 markets.

MetaDAO community voting approved the proposal to liquidate Ranger Finance, remove RNGR/USDC liquidity, and transfer the USDC reserve to MetaDAO, to be distributed proportionally to unlocked token holders. Additionally, the intellectual property of Futarchy governance will be returned to Glint House PTE. LTD. The snapshot will be taken on March 13.

The Australian Securities and Investments Commission (ASIC) has approved AUDC Pty Ltd to issue a regulated Australian dollar stablecoin on the XRP Ledger. This approval marks a significant step forward for Australia in digital asset regulation. Regulated stablecoins can help traditional financial institutions conduct compliant on-chain payments and cross-border settlements. The XRP Ledger is the preferred platform due to its real-time settlement, high throughput, and low costs, and is expected to attract more fintech companies into Australia's digital financial ecosystem in the future.

Polygon Labs launches Polygon Agent CLI, an end-to-end on-chain toolkit for AI agents, addressing the fragmentation issues faced by developers. The toolkit features wallet management, transaction execution, and authentication capabilities, and enhances security through private key isolation and Gas abstraction technology, enabling AI agents to perform on-chain operations more efficiently.

Pi Network's PI token has recently risen to $0.20, facing challenges of isolation from the mainstream crypto ecosystem. The founder emphasized shifting focus to practical applications rather than just token issuance. Although 16.8 million users have completed KYC, concerns have been raised over data transparency. The platform plans to upgrade by introducing features such as decentralized exchanges and launching various community activities to boost ecosystem activity.

The decentralized hot storage protocol Shelby is now open for early access, supporting developers to integrate on the Aptos testnet. The initial features include S3-compatible API, cross-stack SDK, and AI tools, aiming to prepare for a full launch in 2026.

PANews March 6 News, Aave founder Stani Kulechov posted on X that Aave Labs has appointed Linda Jeng as Chief Legal and Policy Officer. Linda has been a prominent voice in the DeFi space since DeFi Summer and has held positions at the Federal Reserve Board, Financial Stability Oversight Council, U.S. Department of the Treasury, and SEC, with extensive policy experience. Stani stated that as Aave pushes DeFi towards institutions and mainstream adoption, Linda's addition will play a vital role.

Bitcoin mining company CleanSpark produced 568 Bitcoins in February, sold 553, achieving a sales ratio of 97%, setting a new record. The revenue was approximately $36.65 million. The sale will fund its expansion into AI and high-performance computing data centers. The company still holds 13,363 Bitcoins and operates a hash rate of 50 EH/s.

Ripple, through the acquisition of Hidden Road and gaining eligibility to participate in DTCC, has become part of the core clearing system of the U.S. financial markets. This marks that it is no longer an outsider to traditional finance and is integrating crypto assets with financial infrastructure. Despite challenges such as regulation and trust, Ripple's strategic positioning suggests that XRP could become a key asset for institutional-level settlements in the future.

The Federal Reserve has issued guidelines stipulating that banks should treat tokenized securities equally with traditional securities when calculating regulatory capital, emphasizing the principle of technological neutrality. No special legislation is required; banks can operate under the existing framework. This move provides a stable policy foundation for tokenization businesses, promotes market growth, and reduces compliance costs.

Ethereum founder Vitalik Buterin stated that future wallets will widely adopt artificial intelligence, but there is less trust in local lightweight clients handling high-value transactions. He believes the best process is for AI to propose solutions, simulate execution, and then be confirmed by the user to enhance security and reduce the risk of attacks on DApp interfaces.

BlockBeats News, March 6th, Jupiter announced the launch of Jupiter Card, an on-chain card fully integrated into Jupiter Mobile. Users can make purchases using their wallet balance: spend at all locations that accept Visa; Jupiter Card is a virtual card for Visa Infinite and Platinum; transaction fees range from 1-1.8%; by

Polkadot will introduce a new monetary framework on March 12 that sets DOT’s supply cap at 2.1 billion and lowers emissions by 53.6%. The overhaul will also create a Dynamic Allocation Pool and shorten the DOT unbonding period from 28 days to 24–48 hours. On March 12, Polkadot will reset

Aave (AAVE) is dealing with two very different headlines at the same time. On one side, the protocol faced a $24 million exploit linked to address poisoning, once again reminding users that security risks still exist across DeFi. Despite that incident, the market reaction has been somewhat

_Western Union is launching USDPT, a new stablecoin on Solana, backed by 360,000 cash locations across 200+ countries worldwide._ Western Union is making a bold move into the stablecoin space. The global payments giant has announced USDPT, a new U.S. dollar-denominated stablecoin built on Solana

Japan is actively promoting the Japanese Yen stablecoin to reshape its position in the global financial market, aiming to strengthen the core role of the Yen through on-chain arbitrage trading. Despite challenges such as liquidity, regulation, and retail participation, its success will bring an important non-USD asset base to on-chain finance.

Aave Labs proposes to launch the Aave V4 bug bounty program on the Sherlock platform, aiming to establish a security reporting channel with tiered handling to prioritize high-risk vulnerabilities and improve processing efficiency. Sherlock has previously collaborated with Aave on security work.