Project Progress

Fintech company Block announces layoffs to approximately 6,000 employees, mainly due to profit re-pricing in the payments industry. Artificial intelligence tools have increased efficiency, but low-cost alternatives to traditional card swipe fees through stablecoin payments have made high-fee models difficult to sustain. This adjustment is seen as an early move to anticipate downward pressure on fees. The market reacted positively, with stock prices rising. Payment companies are facing a stress test on their revenue and cost structures.

UniSat officially announced recently that it will actively monitor changes in the Bitcoin ecosystem, continue supporting mainnet development, and roll out a series of upgrades, including lowering market participation thresholds, expanding UniHexa invitations, technical discussions on brc-20 single-step transfers, and upgrading the UniSat API. Additionally, UniSat will invest in the Fractal standard indexing service and plans to purchase at least 500,000 FB tokens for staking.

Due to the ioTube cross-chain bridge being attacked, IoTeX has decided to discontinue CIOTX and shut down the related bridges. Compliant holders can apply for compensation. The unaffected BSC/Polygon/IoTeX bridges will be restored after auditing. The related CIOTX will be fully delisted.

Bitcoin mining company TeraWulf releases earnings report, with revenue reaching $168.5 million in 2025, a 20.3% year-over-year increase, but net loss expanding to $661.4 million. The company's strategy has shifted toward AI and cloud computing, with long-term data center leases signed and plans to expand infrastructure capacity.

Odaily Planet Daily reports that Cointelegraph posted on the X platform that Solana has launched Solana Payments, allowing developers to access a real-time payment simulator, developer documentation, and case studies to start building on-chain.

Base chain AI trading platform DX Terminal Pro draws attention, allowing users to guide AI agents to trade via NFTs. The platform offers transparent trading, with Meme coin POOPCOIN reaching a market cap of $3.72 million, and the top-ranked AI agent has already made a profit of $294,000.

Vitalik Buterin has unveiled the Ethereum quantum resistance roadmap, which will upgrade from four aspects: validator signatures, data storage, user accounts, and zero-knowledge proofs to enhance network security. He recommends replacing the current mechanism with a "simplified" quantum-safe hash signature and exploring new proof systems with quantum-resistant features, while also aiming to reduce verification costs through aggregated signatures. The plan has attracted widespread attention from developers and investors.

Ripple CEO Brad Garlinghouse criticized the current payment system delays during the XRP Community Day event, emphasizing XRP's core role in cross-border finance. He mentioned that the XRP Ledger can settle transactions within seconds, offering a clear advantage over SWIFT's multi-day processing. Ripple is committed to promoting XRP for enterprise settlements, remittances, and DeFi liquidity, aiming to reshape the $150 trillion global payments market. Community members appreciated the emphasis on practical applications, viewing it as key to ongoing development.

USDC will be launched on Morph via Circle's CCTP as a USD-denominated settlement asset. CCTP supports USDC transfers across blockchains, ensuring 1:1 supply consistency, and is suitable for scenarios such as payments and cross-border remittances, helping to develop Morph's payment and settlement capabilities.

Foresight News Report: The Avalanche community-driven accelerator platform Colony will cease operations at the end of the first quarter of 2026. The official statement clarified that the shutdown is not due to a lack of creativity from the team or poor fund management, but rather because, after operating within the ecosystem for 5 years, they no longer believe that Avalanche has the structural conditions necessary for sustainable growth. Additionally, community funds are still available, and the final distribution will be made to CLY stakers.

MetaMask expands its blockchain-based debit card coverage in the United States, obtaining its first license in New York State. Developed in partnership with Mastercard and Baanx, the card will launch a pilot in December 2024 and is already supported at all merchants accepting Mastercard.

Written by: Nancy, PANews PayPal, the pioneer of payments, may be acquired, and the rumored buyer is the yet-to-be-listed new payment giant Stripe. Two representative companies from the internet era, with two completely different payment strategies, have now taken divergent paths: one has achieved a $159 billion high valuation halo, while the other, after its moment in the spotlight, is entering a long revaluation cycle. To date, this emerging star has not yet rung the bell on the Nasdaq, choosing to retain strategic freedom before going public, and is accelerating investments in stablecoins and AI, pouring heavy funds into new financial tracks. A turning point in the payments world, rumored to be acquiring the pioneer PayPal In the global payments landscape, the trend is quietly shifting. According to Bloomberg, citing sources familiar with the matter, Stripe has expressed interest in a potential acquisition of PayPal or its assets.

The Pi Core Team has announced that all Node operators must update to version v0.5.x by March 1, 2026, to transition to Open Mainnet. Nodes on older versions will lose official status and mining bonuses. Version 0.5.x includes essential updates for consensus compatibility.

SUI Group's Q4 revenue surged 179% to $2.4 million, driven by staking rewards and lending. Despite increased gross income, the company posted a net loss of $221.8 million due to non-cash asset revaluations. It holds 108.4 million SUI tokens, mainly staked, and has invested in long-term infrastructure.

PANews February 27 News, according to CoinDesk, real estate investor Grant Cardone stated that his company, Cardone Capital, is preparing to tokenize approximately $5 billion worth of real estate assets to provide on-chain collateral and secondary market liquidity for investors. The company previously announced that it would use property cash flow to make long-term Bitcoin purchases, and in June this year, it bought 1,000 BTC, planning to continue increasing its holdings.

Magic Eden will shut down its Bitcoin and EVM markets and cease support for multi-chain wallets. The related services are expected to close in early March, and cross-chain wallet services will stop in early April, but support for NFTs and assets on Solana will continue.

MARA Holdings partners with Starwood Capital Group to convert part of its Bitcoin mining farms into AI data centers, initially providing approximately 1 gigawatt of computing power, with plans to expand to 2.5 gigawatts. This move marks a business transformation, and despite short-term challenges, MARA still considers Bitcoin a long-term core strategy.

In brief Morgan Stanley plans to build proprietary Bitcoin custody and trading services for clients. Yield and lending services are also under exploration as part of the crypto roadmap. The bank recently filed to launch Bitcoin, Ethereum, and Solana funds. Wall Street giant Morgan Stanle

IOTA launched a sustainability page that shows network energy use emissions and MiCA indicator data. The page shows electricity consumed totaling 387,377.16 kWh and 100,404 kg of CO₂ emissions. The IOTA Foundation has launched a new Sustainability page that compiles environmental footprint i