Project Progress

Pudgy Penguins is taking a major step into real-world finance with the global rollout of its Visa-backed crypto debit card, known as the Pengu Card. Announced on March 24, 2026, the move allows users to spend stablecoins directly at more than 150 million merchants across over 170 countries. As the c

Gate News: On March 25, Resolv Labs announced that over $77 million has been used in the past 2 days to redeem whitelisted wallets that held USR before the attack, accounting for over 90% of that group, marking significant progress in the first phase of recovery efforts. The redemption process for this group is currently being actively completed, and subsequent phase work will also be carried out to cover the remaining user groups.

Charles Hoskinson, founder of Cardano, urges the community to actively engage with the platform and use its blockchain for transactions and development. This participation can enhance ADA's adoption despite recent price volatility. Cardano's DeFi has hit 520 million ADA in Total Value Locked, with aspirations reaching one billion.

Aethir Claw disrupts traditional custody models by leveraging its own distributed computing power directly, offering isolated VPS environments and a "zero provider access" model to ensure user data sovereignty. The platform comes pre-installed with OpenClaw, plans to integrate crypto-native functionality, and will launch "models-as-a-service" to comprehensively enter the agentic AI application market.

Elon Musk has suspended reforms to the creator revenue-sharing mechanism on the X platform following warnings from international creators that the new policy would harm English-language accounts. If implemented, the policy would have reduced earnings for global creators, particularly in non-US regions. The suspension ensures that the existing incentive structure remains unchanged, with minimal impact on cryptocurrency content creators.

Aethir announced on March 25 the launch of Aethir Claw Alpha closed beta, introducing a physical-grade isolated AI agent hosting platform that directly leverages its distributed computing resources of over $400 million. The platform provides fully isolated VPS environments to ensure user data sovereignty, and plans to launch custom business features and Model as a Service (MaaS), entering the agentic AI market.

The latest update from Pi Network introduces a second migration phase for its users, commonly known as Pioneers. This phase allows eligible participants to move additional Pi tokens into the mainnet environment, building on earlier migration efforts that primarily focused on initial token

Lido's 2025 annual report shows that amid APR compression, capital outflows, and intensifying competition, its total revenue declined 18.2% year-over-year. Its ETH staking market share stands at 24.12%. The report also mentioned leadership adjustments and plans to focus in 2026 on scaling the stETH product line, building the validator market, and aligning LDO incentives.

Bitcoin Depot announced a leadership transition with former CEO Scott Buchanan and founder Brandon Mintz stepping down, replaced by Alex Holmes. This personnel change is related to regulatory issues the company is facing, with core business revenue expected to decline 30% to 40%. The market reacted clearly to the news with a sharp stock price decline. Analysts believe Holmes's experience may improve the company's situation, but revenue will remain affected in the short term.

Memecoin token issuance platform Pump.fun has updated its fee distribution mechanism, allowing token issuers to change the fee recipient only once, in order to prevent malicious manipulation. Community reactions are mixed; some users believe the change has limited impact. Platform activity and revenue have declined, with income and trading volume in 2026 dropping sharply, highlighting the need to optimize the incentive balance between creators and traders.

CESR (Composite Ethereum Staking Rate) is becoming the institutional reference rate for Ethereum, providing investors with a transparent staking yield benchmark. The index covers factors such as block rewards and transaction fees, and supports derivatives trading. Industry observers believe that CESR will drive growth in Ethereum investment products and become an important tool in the crypto asset market.

Particle Network partners with Privy, Dynamic, and Magic Labs to launch a Universal Accounts upgrade solution based on EIP-7702 on March 25, enabling developers to directly upgrade user EOA wallets to Universal Accounts, providing features such as unified cross-chain balances and seamless cross-chain transactions.

BlockBeats News: On March 25, European crypto asset trading platform Bitpanda announced the launch of blockchain network Vision Chain, jointly built with Vision Web3 Foundation and Optimism, to provide European banks and fintech companies with tokenized asset issuance and settlement infrastructure compliant with the MiCA regulatory framework. The network uses euro stablecoins to pay transaction fees to mitigate cryptocurrency price volatility risks.

BlockBeats News: On March 25, according to CoinDesk, Ripple is piloting its RLUSD stablecoin in the Monetary Authority of Singapore's BLOOM sandbox. The pilot is being conducted in collaboration with supply chain company Unloq and will test automated cross-border trade payments triggered by cargo verification on the XRP Ledger.

CoreWeave founder Michael Intrator stated that the company leveraged GPU application capabilities accumulated through Ethereum mining to successfully transition into an AI computing power provider, achieving a valuation of $43.6 billion. Despite facing scrutiny over debt expansion, Intrator emphasized that innovative financing structures ensure effective cash flow management.

Bitpanda launches Vision Chain, a new blockchain network designed to introduce tokenized assets into the EU financial system, supporting asset issuance and settlement compliant with MiCA and MiFID II regulations. This initiative will streamline financial transaction processes, enable financial institutions to conduct 24/7 trading, and drive digital transformation in the market.

Balancer Labs, the parent company of decentralized exchange Balancer, has announced its closure due to substantial losses from a hacker attack last year. Nevertheless, the Balancer protocol will continue to be operated by Balancer DAO and the foundation, generating revenue. The core team will be integrated into a new entity, BAL token issuance will cease, and all fees will be used to repurchase existing tokens, providing investors with a fair exit opportunity. The DeFi sector is currently undergoing restructuring, and the next 12 months will be a critical test for industry recovery.

Hyperliquid Strategies Inc has launched options trading for PURR on Nasdaq to enhance liquidity and price discovery. CEO David Schamis highlights improved risk management for investors. The company reported significant growth, but incurred a net loss due to HYPE price volatility.

BlockBeats News: On March 25, Japanese Bitcoin crypto treasury (DAT) company Metaplanet announced the launch of a shareholder-exclusive credit card "Metaplanet Card," which will begin service this summer. Cardholding shareholders will automatically receive 1.6% of their daily spending amount as equivalent Bitcoin cashback, converting every card payment directly into Bitcoin investment.