Project Progress

Babylon announced that the market demand for Wrapped BTC and cbBTC has been validated, with the total value now exceeding $14 billion. The lending demand on the Aave platform has grown significantly, and BTC holders are increasingly interested in on-chain financial services. Trustless Bitcoin vaults will simplify the lending process, strengthen the decentralized nature of native BTC, and promote the development of the DeFi ecosystem.

Malaysia's Johor Regent Tunku Ismail Idris owns a diversified business empire spanning real estate, construction, healthcare, and cryptocurrency. His subsidiary launched the stablecoin RMJDT pegged to the ringgit, which is currently in the regulatory sandbox testing phase. The Johor royal family's assets are approximately 5.7 billion, primarily concentrated in Singapore real estate.

Gate News reported that on March 23, RWA tokenization platform Midas announced that due to the association between mAPOLLO and USR tokens, the team has temporarily suspended the instant redemption function for mAPOLLO assets out of caution. Midas emphasized that this is a standalone measure for mAPOLLO, and operations of other assets on the platform remain unaffected.

Gate News reported that on March 23, the IoTeX Foundation announced the official launch of a cross-chain bridge security incident compensation claims channel. According to previous reports, analysts noted that IoTeX private keys were suspected to have been compromised, with asset losses of approximately 4.3 million dollars; the IoTeX official statement indicated that on-chain attack losses were approximately 2 million dollars.

Solana Foundation President Lily Liu stated that blockchain gaming is difficult to recover and bluntly said it "won't come back," reflecting shaken market confidence. Despite once attracting massive investment, the gaming model lacks sustainability and content, causing the market to shrink to $1.212 billion. Developers are shifting focus to emphasize gaming essence, viewing blockchain as an auxiliary technology rather than a core selling point.

Swiss private bank Banque Syz SA in Geneva has erupted into a generational family split due to major disagreements between founder Eric Syz and his son Marc Syz over cryptocurrency strategy. Marc has departed along with business partner Richard Byworth, planning to advance a dual listing for bitcoin treasury company Future Holdings AG.

XRP open interest declined approximately 75%, indicating that leveraged traders are exiting the market, but stablecoin fragmentation may increase bridge demand for XRP. Evernorth Holdings' IPO application demonstrates that institutions still view XRP's long-term value positively. The overall market faces macroeconomic pressure, with weak short-term momentum structure.

Pi Network's recent price has risen to $0.198, outperforming the broader crypto market, primarily driven by capital rotation and the launch of a new token platform developed through Protocol 20 upgrades. Analysts point out that PI's gains reflect fundamental improvements rather than passive market influences. Going forward, PI's price movement will be affected by altcoin season indices and market sentiment, with $0.20 serving as resistance and $0.19 as support.

Gauntlet is discussing solutions with Resolv and is formulating a compensation plan. The Gauntlet USD Alpha platform and liquidity providers are unaffected by the USR issuance event, with most vaults remaining stable, and only a few high-yield vaults experiencing limited impact.

Resolv Labs announces the enablement of redemption functionality for pre-attack USR, scheduled to launch on March 23rd, with affected users required to contact RDAL. This incident stemmed from a third-party attack, with underlying assets remaining uncompromised. The protocol is currently tracking illegally minted USR and recommends users suspend related transactions.

The Fluid team has secured short-term loans covering 100% of non-performing debt to ensure user funds safety. ResolvLabs will handle USR positions prior to the security incident, and investors intend to increase FLUID holdings to strengthen protections. Smart contracts are functioning normally, market operations are stable, with potential interest rate fluctuations possible.

Uniswap Labs is back with another eye-catching milestone, this time highlighting the scale of activity flowing through layer-2 networks on the Uniswap Protocol. In a post shared by the team, Uniswap said L2 swap volume has crossed the $1 trillion mark, pairing the message with the phrase “Pink

Bounce Finance has launched Bounce Predict, enabling prediction markets for Sotheby’s auctions. This initiative bridges DeFi with traditional auction dynamics, promoting transparency and trust through verified data, enhancing market opportunities for participants.

_BTQ launches Bitcoin Quantum testnet with BIP 360, introducing Pay to Merkle Root and enabling quantum resistant transaction testing._ BTQ Technologies has launched a new step in Bitcoin-focused research with a working quantum test environment. The company confirmed that it deployed Bitcoin I

Gate News reported that on March 22, Bounce officially launched its new ecosystem product Bounce Predict. The product is positioned as a prediction market platform for auction scenarios. It has currently opened prediction markets for an upcoming Sotheby's auction, where users can use USDT to make price predictions on auction results.

Visa Crypto Labs has launched a CLI tool that allows AI agents to securely perform card payments without requiring API keys, reducing the risk of unauthorized transactions and protecting user finances. The tool is currently in beta and reflects Visa's commitment to advancing AI-era digital payments.

Resolv Labs halted its decentralized finance ( DeFi) protocol early Sunday morning after an exploit allowed an attacker to mint tens of millions of unbacked USR stablecoins, sending the token sharply off its dollar peg. What Caused the Resolv Labs Hack and USR Depeg? The incident struck the Resol

GMX Labs approved a leadership structure upgrade proposal through DAO voting on March 22nd, with 96.42% support. The proposal aims to address team expansion and market competition, accelerating the shift toward a traditional leadership model. It plans to publicly recruit a CEO responsible for strategy development and partnerships, with a salary of $150,000 to $200,000, supplemented by performance incentives linked to protocol fees. During the transition period, operations will be maintained by a temporary leadership committee.