Project Progress

Mega Financial Holding Co. held a media briefing on the 10th. Chairman Dong Rui-bin revealed that to objectively compare the efficiency of bank and blockchain remittances, Mega Bank mobilized 17 countries worldwide and 25 overseas branches last year for testing. Branch staff opened accounts at local legal exchanges and used the virtual asset trading platform BitoPro to trade USDT stablecoins, transferring 50 USDT each time back to Taiwan, and compared this with traditional bank cross-border wire transfers. The results showed that stablecoins do have advantages for small-scale cross-border remittances. However, for remittance amounts exceeding the equivalent of NT$200,000 (about $7,000 USD), banks remain more cost-competitive. Mega Experiment: Banks Are More Cost-Effective for Transfers Over $7,000 USD The test results indicated that in the scenario of "paying NT$ in Taiwan and receiving local currency at the destination," bank wire transfers generally arrive within about 2 hours, with a fee of approximately

HyperGPT has launched HyperStore, an AI app marketplace connecting developers and users, enabling app monetization and promotion within a growing community. Developers can showcase various AI products to earn revenue while simplifying access to Web3 users.

Gate News Announcement, March 10 — The stablecoin issuer Circle officially announced that as the application of tokenized money market funds continues to expand in the industry, the assets under management of its product USYC have surpassed $2 billion.

Elon Musk's X Money will launch public beta in April, offering peer-to-peer transfers, direct deposits, and yield earning. Despite Musk's support for Dogecoin, the app currently has no crypto integration, though future features may include it.

Ripple's Reece Merrick outlined plans for the RLUSD stablecoin, targeting Turkey, Nigeria, and the UAE to enhance global expansion. These nations show significant digital dollar demand, critical for financial operations, with projections of $33 trillion in stablecoin transactions by 2025.

TRON founder Justin Sun says his companies maintains zero tolerance against illegal activities like embezzlement, unauthorised computer access and bribery. He threatened legal action against those who spread false rumors online and ‘smear judicial organs’ just days after two of his companies

Sky Protocol proposed a new plan on March 10th, aiming to reduce the SKY buyback ratio from 75% to 7.5% to strengthen the protocol's capital foundation and USDS backing. During the proposal period, SKY staking rewards remain unchanged. The USDS circulation has reached approximately $11 billion, and the Sky Savings Rate has also been lowered to 3.75%. Voting will end on March 12th.

On March 10th, Virtuals announced on X that their AI agent trading revenue has surpassed $3 million, entirely provided by AI agents offering genuine services and settled on the blockchain. This verifiable on-chain economic output indicator shows a 473% increase in agent engagement, and the relevant mechanisms have been implemented for future stages.

Blockstream released version 5.2.0 of the Blockstream Green app on March 10, marking the first time Lightning payments are connected to the Liquid network. Users can convert Lightning payments into Liquid Bitcoin protected by the Jade device through atomic swaps, making Jade the first hardware wallet capable of interacting with the Lightning Network.

IOTA founder Dominik Schiener says TWIN supports digital trade records, faster checks, and smoother data sharing across cross-border finance networks. TWIN has been linked to Kenyan pilots, Rwanda trade finance use cases, and live consignments on the IOTA mainnet. IOTA co-founder Dominik Sch

The Cardano Foundation has released CIP-0113, which allows token issuers to embed enforceable compliance logic directly to native assets on the network. The goal is to enhance regulated tokenization as institutions have been demanding tokens that can enforce features like KYC and AML

In February, global cryptocurrency mining saw significant developments, including a nearly 15% increase in Bitcoin's mining difficulty to a record 144.4 trillion. Bitdeer liquidated its BTC holdings and aimed to raise over 1,928,374,656,574,839,201 million for expansion. Market sentiment weakened after Trump's proposed tax increase, pushing Bitcoin below $65,000.

Gate News Announcement, March 10th, Elon Musk stated that the early public access version of X Money will be launched next month.

Circle's stock price breaks through $110, reflecting the market's new valuation of its stablecoin business model. Recent financial reports show significant revenue growth, and in a high-interest-rate environment, Circle's profit prospects are optimistic. At the same time, USDC has surpassed USDT in liquidity, becoming an important tool for settlement and cross-border payments. The growth of AI Agent payments also indicates USDC's potential in the micro-payment sector, as Circle advances toward the infrastructure of the digital economy era.

Gate News Announcement: On March 10, Nasdaq-listed Bitcoin ATM operator Bitcoin Depot announced the launch of its enterprise-level financial services platform ReadyBucks, providing working capital support for small businesses, gig economy workers, and independent contractors. According to Globenewswire, ReadyBucks is currently available in multiple states across the United States, with plans to gradually expand to more regions.

Starknet is developing a privacy feature called STRK20, aimed at allowing teams to issue compliant protected stablecoins and other assets. It is expected to be deployed later this year, supporting the ERC-20 standard to ensure privacy of transactions and balances.

World Liberty Financial has put up its proposal to enable staking for WLFI holders to a vote that runs for the next seven days. The proposal has received 99.2% backing, with 903 million tokens supporting it, while 5.8 million voted against it. World Liberty Financial recently introduced a pr