Project Progress

The Ethereum Foundation announced an additional allocation of 3,400 ETH to Morpho Vaults to advance DeFi yield strategies, marking its financial transformation. This deployment represents the Foundation's third asset allocation to Morpho, emphasizing open-source principles and security in line with the needs of large treasury management. The Foundation currently holds assets exceeding $820 million, reducing its reliance on ETH liquidation through DeFi strategies and generating stable returns.

Gate News: On March 19, Cuy Sheffield, head of Visa Crypto Labs, posted that Visa Crypto Labs launched its first experimental product, Visa CLI. The tool enables AI agents to safely pay required fees while writing code without needing programmatic card payments via API keys. Visa CLI is currently in beta testing.

Bitcoin's price has pulled back to around $70,990, the Federal Reserve has kept interest rates unchanged, and the U.S. SEC has approved Nasdaq to support tokenized stock trading. The Algorand Foundation has laid off 25% of its workforce due to market downturn. U.S. stocks have declined, with inflation and geopolitical tensions becoming focal points for investors.

SBI VC Trade launches USDC lending service for retail users in Japan, allowing users to earn interest by lending USDC to the platform with a maximum limit of 5,000 USDC per application. This service carries counterparty risk, as SBI may re-lend the borrowed USDC.

Tether's QVAC Fabric introduces the BitNet LoRA framework, enabling AI model training on consumer devices with reduced VRAM needs and improved performance. Users can fine-tune large models on smartphones, making AI development more accessible and efficient.

S&P Dow Jones Indices has licensed the S&P 500 to Trade[XYZ], enabling global speculation on the index through perpetual futures. This move coincides with upcoming CFTC regulations for such financial products, reflecting a growing interest in on-chain trading.

Shiba Inu (SHIB) has been declared a nonsecurity asset by the SEC, reclassified as a digital commodity alongside major cryptocurrencies. This regulatory clarity boosts confidence and mainstream appeal, potentially attracting more investors.

Decentralized governance platform Tally is shutting down after over five years due to an unsustainable business model for governance tooling in crypto. Despite significant achievements, demand for specialized governance applications has not met expectations.

SBI VC Trade will launch USDC lending services in Japan on March 20, allowing users to earn yields by lending up to 5,000 USDC through fixed-term agreements. This product is a loan rather than a deposit; users must bear trading risks, cannot withdraw funds during the lending period, and face asset recovery risks.

Gate News reported that on March 18, Tether CEO Paolo Ardoino posted on social media stating that the Tether product team is preparing an "important new product" that is expected to launch within 30 days.

Gate News reports that on March 18th, Bitcoin analysis platform Newhedge.io announced the launch of Newhedge API today, providing developers, institutions, and analysts with programmatic access to Bitcoin on-chain metrics. The API enables applications, trading systems, research platforms, and data pipelines to integrate structured Bitcoin analysis data via REST endpoints and JSON response formats.

Gate News reports that on March 18, the Linq V2 version was launched on Sui, with settlement times drastically reduced from 60 seconds to 5 seconds. This version introduces native on-ramps and bill pay features, offering stablecoin payment services for users in Nigeria and other regions, and supporting local currencies.

PayPal rolled out PYUSD to 70 markets, expanding access to digital dollar payments globally. Users can send, receive, and convert PYUSD instantly, improving cross-border transaction speed. Businesses benefit from faster settlement times and reduced costs in global payment operations. Pay

Gate News reports that on March 18, Tempo, a stablecoin blockchain co-incubated by Stripe and Paradigm, announced the official launch of its mainnet. The network aims to achieve instant settlement, predictable low fees, high throughput, and global availability, allowing users to develop and build on Tempo through public RPC endpoints. Additionally, Tempo released the Machine Payment Protocol (MPP), an open standard for machine payments jointly developed by Stripe and Tempo.

Gate News reports that on March 18, WhiteForest, former co-founder of Foresight Ventures, disclosed his startup direction for the first time half a year after leaving the firm. He is currently building a proprietary trading firm. WhiteForest stated that the market has mistakenly equated proprietary trading with "fully autonomous trading." The core concept is to build an intelligent investment exoskeleton system where AI handles execution and discipline, amplifying rather than replacing investor capabilities.

Cysic has launched a groundbreaking AI system that creates meme coins from simple text. Users input ideas, and the system generates all necessary components, ensuring verification and transparency. With over 500,000 tested users, it promises broader applications beyond meme coins.

Gate News report: On March 18, ALPH.AI data showed that Kasplex ecosystem Meme project SOMPI's market cap has broken through $20 million. The project was launched by Kasplex L2 Meme launch platform Kas.fun, making it the platform's third listed project. Meanwhile, Kaspa (KAS) rose more than 10% on the same day.

PrimoX Fintech LTD has obtained a digital asset trading license from the UAE and positioned itself as a Consumer Rights Liquidity Layer (CRL), planning to solve consumer rights circulation issues through on-chain confirmation of rights. Simultaneously, the company announced the completion of a $5 million private fundraising round in Singapore in 2025 and is collaborating with financial institutions to achieve asset tokenization for a Vietnam factory.