Project Progress

Bitcoin Depot undergoes leadership changes, with Alex Holmes replacing Scott Buchanan amid increasing regulatory scrutiny and a projected revenue decline of 30-40%. The company faces heightened compliance costs and challenges in the Bitcoin ATM sector.

Solana Foundation plans to position its network as core infrastructure for an emerging "agentic internet," where AI systems initiate economic activity. Chief Product Officer Vibhu Norby stated that AI will impact various industries, and Solana's payment infrastructure has already processed approximately 15 million agent-initiated payments. In the future, this will reshape internet business models and drive the development of micropayments and pay-per-use models.

Obex is deploying $1 billion to link Sky's USDS stablecoin with income from tangible assets, moving beyond crypto yields. The initiative includes partnerships to tokenize real-world assets, aiming for stable returns and broader investment access, while expanding the tokenized asset market's rapid growth.

The Solana Foundation aims to establish its network as essential for a new "agentic" internet driven by AI, focusing on payments and machine-to-machine commerce. This shift could transform internet monetization and user interactions with crypto, emphasizing Solana's advantages in programmatic payments.

Deloitte and Stablecorp are partnering to integrate QCAD into banking systems, enhancing digital transactions. This initiative supports Canada's Bill C-15, focusing on interbank clearing, cross-border payments, and improving payment efficiency using blockchain.

NYSE partners Securitize to build tokenized securities platform enabling on-chain trading and settlement. Securitize named digital transfer agent to mint securities and manage ownership on blockchain systems. Platform targets institutional use with continuous trading and

Gate News report: On March 25, Sonic official announced that the block explorer Sonicscan came back online and completed full synchronization approximately 45 minutes ago. During this period, the Sonic network maintained normal operation throughout, with transaction processing and user fund security unaffected in any way. The team is currently conducting a post-mortem review of the incident and will disclose more details after reaching clearer conclusions.

Ondo Finance and Franklin Templeton are collaborating to create tokenized versions of traditional investment products, enabling users to invest in real-world assets through blockchain without brokerage hassles. This partnership aims to educate users and explore the regulatory landscape, potentially reshaping asset access and distribution in finance.

Franklin Templeton collaborates with Ondo Finance to launch tokenized ETFs that can be traded directly in crypto wallets, supporting 24/7 trading and covering assets including U.S. equities, fixed income, and gold. The product will initially launch in multiple regions, with the U.S. market pending regulatory approval.

Franklin Templeton partners with Ondo Finance to launch a 24/7 tradable ETF, initially targeting markets in Europe, Asia-Pacific, and beyond. The ETF encompasses stocks, gold, and high-yield bonds, with liquidity support provided by Ondo. Token holders enjoy yield rights and the ETF is compatible with DeFi collateralization.

Gate News: On March 25, Resolv Foundation announced that due to recent security incidents involving Resolv Labs' stablecoin USR, both the protocol and applications have been suspended. Season 4 airdrop claiming functionality is temporarily unavailable, and staking and unstaking functions for RESOLV tokens are also temporarily unavailable. Once the protocol recovery plan is finalized and the application can be safely used again, the relevant functions will be restored.

Kairos Labs completed a $2.4 million seed round funding and launched a permissionless, non-custodial interest rate swap protocol based on EVM, planning to go live on Ethereum mainnet and Base. The protocol will optimize interest rate risk management in the DeFi market and promote the development of fixed income products.

Ethereum Ecosystem Rate Swap Protocol Kairos Labs Completes $2.4M Seed Round Funding on March 25, Led by 6th Man Ventures with Participation from Lattice and Others. The Project Has Graduated from Alliance Accelerator and is Expected to Launch on Ethereum Mainnet and Base Network in the Near Term.

Bitmine launched MAVAN on March 25, an Ethereum staking platform designed to provide institutions with highly secure and high-performance staking infrastructure. The platform combines native validator nodes with a distributed architecture to support global clients, and will be opened to institutional investors in the future.

Movement Network officially launched its native stablecoin USDCx on March 25, pegged 1:1 to USDC, featuring low transaction fees and no need for cross-chain bridges. USDCx supports cross-ecosystem liquidity and is designed for large-scale user applications, promoting development in DeFi and digital finance sectors.

_Ripple pilots RLUSD in Singapore MAS sandbox, automating trade finance with XRPL smart contracts and BNY Mellon-backed custody._ Ripple is testing the RLUSD stablecoin in Singapore bank sandbox for trade payments, marking a new step in enterprise blockchain use.  The pilot focuses on improving

Monument Bank plans to tokenize £250 million of retail deposits on the Midnight network, marking a UK-first for a regulated bank on a public blockchain. These deposits will remain interest-bearing, backed by the bank, and eligible for compensation under UK regulations. The initiative targets mass-affluent retail customers, with further phases anticipated to introduce tokenized investment products and enhanced services through a Banking-as-a-Service platform.

Ripple announced on March 25 that it has joined the BLOOM project, led by the Monetary Authority of Singapore, to explore programmable cross-border trade settlement solutions based on the RLUSD stablecoin and XRP Ledger. In collaboration with Unloq, Ripple is piloting automated trade finance and payment mechanisms aimed at enhancing transaction transparency and improving access to financing for small and medium-sized enterprises.

Tether engages a Big Four firm for its first full audit, reviewing its $184 billion USDT reserves, aiming to enhance transparency and financial reporting amid internal leadership changes. The audit covers digital and traditional assets, indicating a commitment to stringent scrutiny.

Pump.fun tightened fee settings for token creators on March 25, allowing only one change to the fee-receiving wallet before permanently locking it to prevent creators from manipulating revenue distribution. This is a continuation of its ongoing optimization of the fee model, aimed at treating traders more fairly.