Project Progress

_Evernorth files SEC Form S-4 to go public on Nasdaq via SPAC merger, plans XRP treasury strategy, yield program, and blockchain validator support._ XRP treasury company Evernorth filed papers to go public in the United States. The company filed a Form S-4 with the US Securities and Exchange

Gate News reports that on March 19, Tether is advancing the integration of its stablecoin business with Bitcoin's Lightning Network. The Lightning Network is a network layer built on Bitcoin that supports faster and lower-cost transactions. This move aims to expand the application scenarios of Tether stablecoins through the technical advantages of the Lightning Network and attract more users to utilize the Bitcoin network.

Hyperliquid partners with TradeXYZ to launch the first on-chain S&P 500 perpetual futures contract, authorized by S&P Dow Jones, supporting 24/7 trading and driving traditional financial products into the crypto market. HYPE token surges nearly 2%, up 76% year-to-date, while Hyperliquid leads trading volume in the commodities market.

Gate News, on March 19th, AI-driven accounts payable automation and payment platform Ottimate announced the appointment of Shawn Lane as Chief Executive Officer (CEO), responsible for leading the company's next phase of AI-driven growth strategy. Shawn Lane previously served as CEO of LivTech.

Cardano is set to release Node 10.7.0, crucial for the upcoming van Rossem hard fork (Protocol 11). This update introduces new Plutus built-ins and enhances ecosystem integration while maintaining compatibility, aiming for improved performance without disrupting existing contracts.

Algorand Foundation and Algorand Technologies announced on March 19 a strategic integration agreement that will consolidate technology development and intellectual property into the Foundation, with a commitment to invest at least $15 million to support the maintenance and development of the protocol.

Gate News, on March 19, fintech company SBS announced the appointment of Adam Shpiro as Chief Marketing Officer (CMO), responsible for leading the company's global brand expansion strategy. Adam Shpiro previously served at JPMorgan. It is reported that SBS is currently providing services to banks and financial institutions in Europe, Africa, and North America

Gate News reported that on March 19, Web3 wallet application TopNod announced that its global user count has exceeded 1 million, with the product taking 170 days from launch to reach this milestone. TopNod officials stated that 1 million is just the starting line, and its core mission is to break down barriers to Web3 adoption by transforming complex blockchain underlying technology into real value that all users can experience seamlessly. The officials also expressed gratitude to early ecosystem partners and revealed that a major product upgrade for the next phase will be launched soon.

Gate News: On March 19, according to official sources, the Sui platform launched Hashi, a Bitcoin finance protocol, aimed at promoting Bitcoin applications in the DeFi sector. Bitcoin's current market cap exceeds 1 trillion dollars, with less than 0.5% utilized for DeFi. The protocol has received support from BitGo, Bullish, Erebor

Gate News reported that on March 19, Bitcoin Conference officially launched developer proposal submissions. The conference is hailed as the world's largest Bitcoin industry conference, aiming to provide developers with a platform to showcase innovative ideas and participate in discussions that shape the future development of Bitcoin and blockchain technology. Interested developers can submit proposals through the conference's official submission portal.

Polymarket has acquired Brahma to enhance its technology and expand its prediction market capabilities. This integration aims to improve infrastructure and user experience, reflecting a trend of consolidation in the crypto industry.

0G Labs has partnered with HackQuest to launch the 0G APAC Hackathon with a prize pool of $150,000 across four tracks, supporting AI agents, on-chain trading, autonomous economic systems, and privacy-preserving applications. The initiative provides full-stack technical support and will host networking events throughout the Asia-Pacific region.

BTQ Technologies announced on March 19 that it successfully implemented BIP 360 on its Bitcoin Quantum Testnet v0.3.0, launching the Pay-to-Merkle-Root transaction format to address quantum computing threats. The testnet has connected over 50 miners, processed over 100,000 blocks, and supports P2MR transaction functionality.

OP_NET has launched the DeFi tool "SlowFi" on Bitcoin, enabling asset trading and swaps with BTC as the sole fee, without bridges or wrapped assets. The project prioritizes trading on layer-1, accepting slower speeds and higher costs for enhanced stability, though it faces criticism for potentially distorting Bitcoin's monetary goals.

Gate News report: On March 19, Visa Crypto Labs recently launched a command-line tool called "Visa CLI" designed to provide secure solutions for AI payment scenarios. The tool operates through a command-line interface and focuses on ensuring the security of cryptocurrency payments.

ShareX launched TreasureX Season 2 on March 19, partnering with over 10 brands to release a 1 million US dollar rewards pool. Users can earn TreasureXP by participating in social tasks and recording behaviors to influence future token airdrops. Season 1 attracted over 870,000 users, and Season 2 builds on this foundation by connecting online incentives with offline consumption.

ShareX recently launched an event called TreasureX Season 2 with a reward pool reaching 10 million dollars, partnering with multiple global sharing economy brands. The event introduces a social task module where users can earn TreasureXP by posting content and participate in reward pool distribution. The project also emphasizes the connection between behavior and assets, aiming to expand into IoT networks and connect virtual and real-world consumer behavior.

The Algorand Foundation has reduced its workforce by 25% amid market uncertainty, even as the SEC clarified ALGO’s status as a digital commodity. The move reflects a strategic reset rather than a retreat from long-term growth. Layoffs Hit Algorand as Market Pressures Collide With Regulatory

Owlto announces integration with GoPlus Security to enhance the security of its cross-chain bridge service. Through real-time risk detection, it dynamically identifies transaction risks, enhancing users' cross-chain experience while ensuring a balance between safety and speed.