Project Progress

Pi Network will advance the mainnet's second phase migration after Pi Day in 2026, with over 119,000 users participating. This upgrade allows users who have completed KYC verification to transfer referral rewards, accelerating identity verification. The system calculates mining and referral data one by one to ensure fair distribution. Users must enable two-factor authentication to transfer assets. The platform is also expanding application scenarios, shifting its focus from user growth to ecosystem development.

Tether has hired KPMG for a comprehensive audit of its $184 billion USDT stablecoin, along with PwC to prepare for the process. This comes amid plans to register USDT under the GENIUS Act, addressing transparency concerns over its reserves.

On March 27, the Web3 social project UXLINK announced an ecological strategy upgrade, launching UX Agent and an AI social network, combining social growth layers with AI technology to achieve content optimization and automation. The new model will adjust the token economy through community voting, aiming to build an intelligent social network where humans and AI coexist, protecting the interests of existing users.

Backpack exchange founder Armani Ferrante recently responded to community concerns regarding OTC cashing out, unfair treatment of Mad Lads NFT, witch hunts, and FDV. He denied the cashing out accusations, acknowledged that the witch hunt execution was overly simplified, and emphasized that the tokenomics design prioritizes long-term success. Regarding the community's disappointment, Ferrante stated that compensation measures will be implemented.

Aave has proposed a governance proposal to allocate 100% of all product revenue to the DAO, attracting market attention. This proposal emphasizes the value distribution of "protocol as community" and commits to future development centered around the Aave ecosystem, while introducing a quarterly reporting mechanism to enhance transparency. If approved by voting, Aave could become a DeFi protocol with prominent community-driven characteristics.

WHITEWHALE plummeted over 55% in a short period, with its market cap dropping to less than $15 million, due to uncertainty in the market triggered by the announcement of a key promoter's exit. The surge in trading volume indicates panic selling, significantly highlighting the risks associated with the project's reliance on a single core individual. This incident underscores the fragility of liquidity and consensus in the meme coin market, and investors need to pay attention to project governance and the stability of participants.

Backpack founder Armani Ferrante clarified several issues regarding recent concerns, emphasizing that the company has not engaged in over-the-counter trading of modern coins, long-term holders will enjoy VIP status, protecting retail users is the goal, short-term price fluctuations are irrelevant, and the commitment to a long-term development vision remains firm.

Backpack founder Armani Ferrante addressed community concerns on social media, clarifying that the team did not cash out via OTC trading, outlined holder rights arrangements, introduced a new witch review and handling approach, and emphasized that token performance is closely tied to the team’s interests—while pushing forward related work and product development.

The Web3 social infrastructure project UXLINK has announced an ecological strategy upgrade, launching UXLINK Agent and AI social networks. The new technology will support content optimization and intelligent retrieval, driving social account growth. The business model and token economics will also be adjusted to ensure community members share in the dividends of the AI era.

Trust Wallet is accelerating its expansion into the AI field by launching the Trust Wallet Agent Kit, which allows authorized AI agents to perform on-chain operations on behalf of users, transforming crypto wallets from "storage tools" into "smart execution gateways." This tool supports a multi-chain ecosystem, enhancing the automated decision-making capabilities of Web3 applications, enabling users to set strategies for automatic execution by the system. In the future, an agent marketplace will be launched to further promote the platformization of the wallet ecosystem.

The Pi Network ecosystem has entered a critical stage of advancement, with over 119,000 users completing the second migration, marking progress in the mainnet expansion. Despite increased user activity, the number of PI on trading platforms has risen, and holders tend to circulate in the market, causing price pressure. The current price is about $0.18, down 94% from its peak. Future trends will depend on application implementation and real demand.

Bitmine has launched the MAVAN platform for institutional Ethereum staking, with over 3.1 million ETH staked, aiming for $300M in annual rewards. The platform focuses on security and performance, planning to expand into more proof-of-stake networks.

[PRESS RELEASE – Dubai, United Arab Emirates, March 24th, 2026] RIV Coin ($RIV), a Vault protocol token built on the Solana blockchain, has officially launched as the core token of a reserve-backed digital asset ecosystem. The project introduces a verifiable reserve framework that enables off-chain

HOYA BIT has launched the "AI Native Exchange OS," which lowers the investment threshold for cryptocurrency through natural language conversations, achieving the four steps of inclusive finance, including reducing knowledge, usage, service costs, and enhancing security. Its goal is to become an important component of Taiwan's digital financial infrastructure, helping more people easily and safely participate in digital finance.

Taiwan's HOYA BIT cryptocurrency exchange has been awarded the title of "Most Innovative Cryptocurrency Exchange 2026" in the 8th Blockchain Value Authority Ranking. It is committed to lowering the barriers to financial services through an AI agent framework, providing personalized services for novices lacking financial backgrounds. Founder Peng Yunxian hopes to make it easier for those previously excluded from finance to access cryptocurrency, and aims to transform HOYA BIT into a part of Taiwan's digital financial infrastructure to address the rewriting of the global financial system.

Gate News reports that on March 27, Renren Skill announced the launch of its public beta, aimed at creating an AI skill store specifically designed for Chinese users. The platform is fully compatible with the Chinese environment, providing users with a complete one-stop experience for browsing, installing, learning, using, sharing, and creating. According to the introduction, Renren Skill has established a three-tiered community system, covering multi-level needs from beginner users to hardcore developers. The platform allows users to easily build their own Skills and plans to open tipping and monetization mechanisms in the future to improve community ecosystem development.

Bitmine Immersion Technologies announced the launch of the institutional-grade Ethereum staking platform "MAVAN," aimed at earning staking rewards from its holding of 4.66 million ETH. The platform serves institutional investors and crypto exchanges, providing compliant verification infrastructure. Chairman Tom Lee noted that MAVAN will become the largest Ethereum staking platform globally and plans to expand into other blockchain areas.

Aave Labs proposed to allocate 100% of the revenue from all Aave branded products into the DAO treasury and to request $25 million in stablecoins and 75,000 AAVE tokens as a development budget. The new framework positions the community as the sole beneficiary, strengthening the alignment of interests between developers and the DAO, and establishes a transparent quarterly reporting mechanism to track performance. The proposal is currently in the community review stage and has not yet entered formal voting.

Trust Wallet has released the Trust Wallet Agent Kit (TWAK), which supports executing token trades and other actions across multiple chains, and offers two modes: automation and suggestions. CEO Felix Fan said TWAK is designed to simplify the user experience, and that it will integrate more AI features in the future and launch an agent strategy marketplace.

On March 27, the fully homomorphic encryption project Zama announced the winners of the first season of the developer plan mainnet, divided into the Builder track and the Bounty track, with a total of 8 projects winning, and the second season is about to commence.