Project Progress

Midnight, a privacy-focused blockchain in the Cardano ecosystem, has launched its mainnet. Initial participation from major firms like Google Cloud indicates significant industry interest. It features a dual-token model and a programming language designed for streamlined development while balancing privacy and compliance.

MicroStrategy Executive Chairman Saylor has restarted the laser eyes symbol, expressing his bullish conviction in Bitcoin, and contrasting it with the current market’s fear sentiment. MicroStrategy holds 761,068 Bitcoins and plans to increase that to 1,000,000 by 2026. Real estate billionaire Grant Cardone has also announced additional Bitcoin purchases, strengthening market confidence and signaling a long-term hold.

Square announces that it will automatically enable Bitcoin receiving functionality for eligible U.S. sellers. Transactions are converted to U.S. dollars in real time, and fees are waived through the end of 2026. This move simplifies the process for merchants to use cryptocurrency and increases the viability of Bitcoin as a daily payment tool. Industry experts believe this could become foundational infrastructure for the financial system.

A CEX CEO, Brian Armstrong, announced the launch of a venture capital program called "Next Bets," which allows employees to submit innovative projects and pitch them, with the goal of reducing creative talent drain. The program opens twice each year, is typically executed by small teams, and focuses on high-potential directions. The Base blockchain project originated from this, and more progress will be announced in the future.

Midnight, the privacy blockchain founded by Charles Hoskinson, officially went live on March 30. Its design focuses on addressing three major obstacles to the mainstream adoption of cryptocurrency, improving user experience and privacy through a selective disclosure mechanism. Its core technologies include a keyless design and a dual-token system. With the airdrop underway, its valuation briefly surpassed $1 billion, and it is now working with Monument Bank to advance commercial deployment.

Steakhouse Financial releases the latest updates on the security incident. The official website is still offline, but the Steakhouse Vaults site is operating normally, and there are no issues with the deposit and withdrawal functions. The attack originated from a phone-based social engineering assault, which resulted in the theft of domain management permissions, and the website’s DNS now points to a malicious IP. The official team has rolled back all changes, and users’ assets are safe.

Square announced that it will automatically enable Bitcoin payment functionality for millions of small businesses in the United States, with transactions converted to USD in real time. Merchants do not need to configure it proactively, and they can do so without fees through the end of 2026. The industry compares it to the connection of TCP/IP and the internet, suggesting that Bitcoin’s adoption in financial infrastructure will become widespread and could change the role of payment rails.

Gauntlet said that after the vulnerability incident, Resolv Labs did not publish a remediation plan, and it plans to pursue funds and perform removal operations across multiple vault markets. The markets that have already been removed involve approximately $11.9 million in liquidity, and a claims contract will be set up for liquidity providers going forward.

Strategy Inc.'s recent SEC filing indicates no bitcoin purchases or equity sales, emphasizing disciplined capital management while highlighting the stability and yield of its digital asset holdings.

Bitcoin briefly rebounded to $67,660. A U.S. senator proposed the “American Mining Act” to establish a strategic Bitcoin reserve. Bitmine re-staked 167,500 ETH, bringing its total staked amount to nearly 3.31 million ETH. With market volatility, the S&P 500 and Nasdaq indices fell. Analysts say that short-term market sentiment is sluggish, and rising oil prices have affected BTC prices.

Bitcoin mining company Bitdeer announced that it has reached an agreement with a Norwegian contractor to retrofit existing facilities into Norway’s largest AI data center, supporting NVIDIA’s AI technology. At the same time, Bitdeer is clearing its Bitcoin reserves and plans to raise $300 million by issuing convertible preferred notes to advance the transformation of high-performance computing and AI infrastructure.

The European Crypto Initiative has officially been renamed the European Ethereum Institute, emphasizing Ethereum’s importance in Europe’s digital economy. The EEI will provide independent analysis, address relevant regulatory issues, and connect developers with policymakers.

The River abstract stablecoin protocol has expanded to the Base network, after previously being available on Ethereum and BNB Chain. Base is the leading L2 network on Ethereum by activity, with DeFi TVL exceeding $4 billion, a stablecoin market cap of $4.7 billion, and nearly 500,000 daily active addresses. Users can hold and use River within its ecosystem.

The Ethereum Foundation staked $46.2 million worth of ETH, bringing its total staking to around $50 million. This initiative is part of a treasury strategy aimed at enhancing financial sustainability and supporting the Ethereum ecosystem.

_Aave launches V4 on Ethereum with new modular system to improve crypto lending, risk control, and capital efficiency for users globally._ Aave has officially launched its V4 upgrade on Ethereum mainnet. This update introduces a new modular design for crypto lending. The platform is geared toward e

Square has made Bitcoin payments the default option for eligible U.S. sellers, impacting 4 million merchants who can now accept Bitcoin with zero fees. Sellers will receive USD by default; however, they can opt out of the feature.

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Bitdeer’s Tydal Data Center under its umbrella has reached a retrofit agreement with a Norwegian contractor, converting the facilities to support NVIDIA’s AI technology. This move is at the core of Bitdeer’s global strategy, aimed at meeting the growth in demand for AI data centers. Meanwhile, Bitdeer has cleared its Bitcoin reserves and plans to raise $300 million.

River, an on-chain abstracted stablecoin system, announced on March 30 that it will expand to the Base network. Previously, it had been deployed on Ethereum and BNB Chain. River said Base is the Ethereum L2 platform with the strongest liquidity, and that data shows its total value locked in DeFi exceeds $4 billion, with a stablecoin market cap of $4.7 billion and nearly 500,000 daily active addresses. This expansion will allow Base users to natively hold and use River.