Project Progress

Gate News Bot Message, February 11th, according to CoinMarketCap data, as of press time, RIVER (River) is trading at $21.22, up 22.85% in the past 24 hours, with a high of $21.20 and a low of $11.74. The current market capitalization is approximately $416 million, an increase of $77.3 million from yesterday. ## Important Recent News about RIVER: 1️⃣ **Secures Major Funding Support from the TRON Ecosystem** TRON DAO Ventures invested $8 million in River to expand cross-chain abstraction infrastructure. As a key project supported within the TRON ecosystem, this funding marks River’s recognition by top-tier capital institutions in the multi-chain interoperability field, which will help enhance its competitiveness in cross-chain liquidity aggregation.

Former Multicoin co-founder Kyle Samani predicts that Solana will achieve several major market structure advancements within the next 18 months, including the consensus mechanism upgrade Alpenglow, Application Control Execution (ACE), multiple concurrent block production (MCL), and more, significantly improving transaction efficiency and liquidity, and driving the development of on-chain financial applications.

XION recently launched a new infrastructure, officially integrating DKIM and ZK modules, becoming the first blockchain to store email authentication keys on-chain. This move eliminates reliance on centralized DNS and supports various applications such as anonymous reporting and wallet recovery. It now covers 3.8 billion email users with over 800,000 monthly active users.

LayerZero's recently launched new blockchain network "Zero" has attracted market attention, with the ZRO token soaring significantly. Zero aims to build a decentralized "multi-core world computer," separating execution and validation, and leveraging cryptography to enhance performance and user experience. Despite facing technical and market challenges, Zero's vision could redefine blockchain architecture.

BitMine Chairman Tom Lee stated at the Consensus 2026 Conference that if Ethereum reaches $1890 again, it will form a perfect bottom. He pointed out that since 2018, Ethereum has experienced 8 declines of over 52%, and all 8 previous declines resulted in V-shaped bottom reversals. Last year, Ethereum dropped 64% from January to March and recovered at the same speed.

The Web3 industry is undergoing a transformation. TerraFlow will launch the TOF blind box in 2026, marking the debut of the computing power economy network. This system encapsulates computing power as tradable assets, enhancing their value and liquidity. The blind box design ensures decentralized distribution of assets and increases participant trust through a transparent on-chain mechanism. This innovation could drive the digital asset economy toward endogenous development and open up new market possibilities.

Shytoshi Kusama, the lead developer of Shiba Inu, has sparked debate regarding his commitment to SHIB after announcing a new AI venture beyond cryptocurrency. As he prepares for a February 14 software launch, uncertainty surrounds his future focus on Shiba Inu.

Polymarket partners with Kaito AI to launch the "Attention Market," allowing users to bet on trend popularity and public opinion. Based on two main indicators—public sentiment share and emotional tone—the platform quantifies attention using social data. The project was launched in March and reached thousands of markets by the end of the year, with the initial focus on AI topics. Massachusetts and other states have banned prediction markets, leading Polymarket to sue the state, asserting federal regulation.

The Central Bank of Malaysia (BNM) announced that it will test the practical applications of Ringgit stablecoins and tokenized deposits in 2026, evaluating their impact on monetary and financial stability. The Digital Asset Innovation Hub (DAIH) has launched three initiatives: Standard Chartered Bank and Capital A are exploring inter-company stablecoin settlements, Malayan Banking and CIMB are testing tokenized deposit payments. The tests will cover domestic and cross-border payment scenarios, with some use cases considering Islamic law.

DeFi protocol Spark launched two new products, Spark Prime and Spark Institutional Lending, at Consensus Hong Kong 2025, aiming to connect on-chain stablecoin liquidity with off-chain credit markets for institutions. Under compliance requirements, these products will enable institutions to utilize Spark's liquidity pools exceeding $9 billion.

February 11 News, decentralized finance protocol Spark announced the launch of a new institutional lending infrastructure aimed at building a secure channel between on-chain capital and traditional financial systems. Through the two main products, Spark Prime and Spark Institutional Lending, Spark is bringing the most substantial stablecoin liquidity in the DeFi space into the institutional lending market, which has long relied on off-chain models. Spark stated that these two services have expanded over $9 billion in deployed stablecoin liquidity to hedge funds, trading firms, and fintech institutions, all of which need to meet custody and compliance requirements. According to Galaxy data, the off-chain crypto lending market is currently about $33 billion, indicating that many institutions remain cautious about directly engaging with on-chain assets, but the demand for crypto-related financing remains strong.

Renaiss recently launched the Infinite Gacha (Unlimited Card Pool) Beta test, successfully verifying system stability and high-concurrency transactions, with a single transaction volume of $700,000, drawing 7,117 PSA-certified Pokémon cards, with the highest single card value of $2,500. Currently, the platform's total transaction volume has reached $3 million, with over 160,000 user registrations. The official version is expected to launch in the first quarter of 2026.

Doppler Finance and OpenEden Announce Integration, Allowing XRP and RLUSD Holders to Directly Earn US Treasury Bond-Backed Yields on XRPL. The scheme connects XRPL liquidity with institutional-grade products through OpenEden's tokenized Treasury Bill (TBILL) and yield-stablecoin USDO. XRPL RWA indicator soars, representing an asset value of $1.45 billion.

LayerZero launches Zero blockchain, with ZRO rising against the trend by 22% to $2.42, reaching a four-month high. Zero achieves 2 million transactions per second at a cost of $0.000001. Citadel and ARK make strategic purchases, with trading volume surging by 410%. Tether, DTCC, ICE, and Google Cloud explore collaborative applications.

At the "Build and Scale in 2026" forum held in Hong Kong, Sei Labs co-founder Jayendra Jog pointed out that stablecoins are becoming an important application of blockchain and predicted that their revenue models will surpass transaction fees. However, he expressed caution about "dedicated stablecoin chains," believing their differentiation advantages are limited. Jog also shared updates on Sei Network's progress, emphasizing its low costs and upcoming high-throughput features.

February 11 News, Hong Kong financial regulators are accelerating the launch of perpetual contracts to enrich the local cryptocurrency market product lineup. Hong Kong Securities and Futures Commission Chairwoman Lisa Fong Yip said at the 2026 Consensus Hong Kong that regulators are about to announce a high-level framework that will allow regulated trading platforms to offer perpetual futures contracts to institutional clients. According to Lisa Fong Yip, the framework is primarily aimed at institutional investors, with retail clients not currently included, and it emphasizes risk management and customer fairness. Brokers will in the future be able to provide financing services to creditworthy institutional clients, with collateral including Bitcoin (BTC) and Ethereum (ETH) to ensure market stability.

Cross-chain protocol developer LayerZero recently announced a strategic investment from stablecoin giant Tether and launched a new product Zero, which utilizes ZK proof technology to achieve separation of execution and verification, pushing forward a multi-core world computer architecture. Additionally, LayerZero has expanded its advisory team to include traditional finance heavyweights such as Woodie, further enhancing its market position.

LayerZero releases the new L1 architecture Zero, achieving 100x scalability under decentralization through ZK proofs, sparking widespread discussion. Supporters call it a major breakthrough in blockchain, while skeptics point out that the technology is still in the white paper stage and raise concerns about token economic risks.

Hong Kong Securities and Futures Commission Chief Executive Julia Leung stated at Consensus 2026 that an ecosystem for virtual asset regulation will be established, along with three new initiatives, including allowing brokers to provide virtual asset financing for clients, establishing a regulatory framework for perpetual contracts, and relaxing related market maker regulations. Tokenized asset management is growing rapidly, and the SFC has authorized multiple tokenized funds and plans to work with the SAR government to advance legislation.

_SOIL’s using the XRPL Lending Protocol to transform institutional asset management. Real yields, automated loans, and on-chain credit are coming to XRP._ SOIL’s making waves on XRPL. And it’s not just talk. The farm is leveraging XLS-66 to solve real problems. Institutional problems that’ve