Project Progress

World Liberty Financial (WLFI), supported by Trump, plans to launch the World Swap foreign exchange trading platform, co-founder Zak Folkman announced at the Hong Kong Consensus Conference. The platform will use WLFI's USD1 stablecoin as the settlement currency, aiming to transfer foreign exchange trading onto the blockchain. The global forex market has a daily trading volume of over $7 trillion, with most transactions currently conducted off-chain.

Foresight News Report, Four.Meme updates the tax fee token dividend mechanism. Currently, this mechanism has been automated, with the specific condition that distribution occurs only when the accumulated reward value reaches $1000. Distributions are executed once daily at 0:00. Tokens issued before this update still require manual claim.

Gate founder Dr. Han shared his vision of developing Gate into an integrated Web3 platform at the Consensus HK event, emphasizing the combination of AI and diverse products to address users' challenges in information comprehension and trading, and to promote innovation and expansion in financial infrastructure.

The American Bankers Association (ABA) urges the Office of the Comptroller of the Currency (OCC) to slow down the approval process for national trust bank charters for crypto and stablecoin companies until the regulatory environment under the GENIUS Act becomes clearer. The association warns that national trust charters could be used to circumvent SEC or CFTC registration and review, even though these companies' activities would normally trigger securities or derivatives regulation.

Buck Labs raised the yield on its Savingscoin from 7% to 10% and revamped distribution to auto‑deliver rewards without gas fees. Automated Yield Buck Labs, a Florida-based technology firm, announced Feb. 12 an upgrade to the yield on its “savings” digital coin from 7% to 10%, alongside a total

Cardano integrates with the cross-chain messaging system LayerZero, unlocking access to over 160 blockchains and more than 400 types of OFT tokens (with a total market cap of over $80 billion). LayerZero has facilitated over $200 billion in cross-chain transaction volume. However, data shows that Cardano's total locked value is only about $125 million, with stablecoin market cap around $37 million.

Gate News Bot Message, February 13 — According to CoinMarketCap data, at the time of press, ZKC (Boundless) is trading at $0.11, up 20.43% in the past 24 hours, with a high of $0.12 and a low of $0.08. The current market cap is approximately $25.7 million, an increase of $4.36 million from yesterday. Boundless is a verifiable computing protocol that provides accessible verified computation for any blockchain and rewards nodes for contributing useful work. The protocol can be upgraded to a zero-knowledge (ZK) Rollup within hours through a flexible Rollup framework, enabling faster finality and stronger security. Boundless has received support from industry-leading organizations such as the Ethereum Foundation, EigenLayer, and Polygon. The mainnet is currently

Tether Gold introduces a new unit of measurement, Scudo, with 1 Scudo equal to 1/1000 XAUT, aiming to enhance the convenience of on-chain gold trading and provide users with a more practical way to make small transactions. This move will increase the daily usability of gold digital assets.

The Central Bank of the United Arab Emirates has approved Abu Dhabi First Bank's UAE Dirham stablecoin DDSC, which is now live on the Layer 2 blockchain ADI Chain. DDSC will be used for payments and collections, settlement, fund operations, trade supply chain flows for institutional and government entities, as well as providing programmable financial services for regulated entities.

Cardano founder Charles Hoskinson wore a McDonald's uniform at the summit, humorously responding to the bearish sentiment in the crypto space. He announced a partnership with LayerZero to introduce the USDCx stablecoin and previewed that the privacy sidechain Midnight will go live by the end of March, focusing on the mainstream market rather than competing with privacy coins, and dedicated to providing more flexible privacy options.

The Ethereum Foundation account and the Chain Abstraction Team have launched the Ethereum Interoperability Layer (EIL), a multi-chain interoperability framework based on the ERC-4337 account abstraction standard. It addresses the three major pain points of cross-chain interactions: repeated authorization, Gas fee shortages, and long wait times. Using Merkle tree technology, it enables single-signature multi-chain execution. XLP cross-chain liquidity providers can stake 1 ETH and be subject to permissionless confiscation.

Perp DEX Extended announces the launch of the first six stock perpetual contract trading pairs, including Google, Nvidia, AMD, Tesla, Strategy, and Amazon. The project aims to address the liquidity issues of stock perpetual contracts and plans to expand further.

The decentralized perpetual contract trading protocol Hibachi plans to launch a stablecoin settlement forex trading platform on Arc. The platform will enable instant settlement, offer tight bid-ask spreads, and provide deep liquidity. Hibachi has received support from Arc Builders Fund, a subsidiary of Circle Ventures.

Hyperliquid announces that its HIP-3 permissionless perpetual contract market's cross-margin feature has been enabled on the testnet but is not yet live on the mainnet. Users need to enable cross-margin for specific assets, allowing all contracts to share collateral assets, with protective measures in place to prevent liquidations caused by significant price fluctuations.

Elon Musk revealed that X Money will launch an external beta version within the next 1 to 2 months, becoming the core platform for all financial transactions and integrating into X's all-in-one app strategy. The launch of X Money marks his return to digital payments. Although it does not yet explicitly support cryptocurrencies, the initial focus will be on fiat currency payments.

On February 13, news reports that EigenCloud has officially joined the Open Gas Initiative (OGI), initiated by ETHGas. The goal is to remove Gas cost friction for end users through Gas abstraction and real-time execution, promoting Ethereum towards a "real-time, Gasless" interaction paradigm. This collaboration is seen as a significant milestone in upgrading the user experience at the application layer of Ethereum and also provides scalable samples for Gasless user pathways. EigenCloud is the world's first verifiable cloud platform, offering developers verifiable and trustworthy applications, AI products, and AI agent capabilities. Based on EigenLayer's staked security model, it extends Ethereum's cryptoeconomic security to off-chain and real-world scenarios, enabling encryption verification of any input, event, and computation. After joining OGI, EigenCloud can subsidize Gas fees for critical operations without code changes, turning the original costs and barriers into growth drivers.

Aave Labs has issued a proposal requesting Aave DAO to approve Aave V4 as the core of future development and to inject brand product revenue into the DAO treasury. The proposal also includes abandoning future business income in exchange for stablecoins and AAVE to support operations and project development.

Decibel announces a partnership with Stripe's Bridge to launch the native USD stablecoin USDCBL, as the default collateral asset, simplifying the trading process and enhancing Aptos ecosystem DeFi infrastructure. The pre-deposit feature is now available, attracting over $42 million in funds in a short period.