Project Progress

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Circle completes $68 million in internal settlements among 8 entities using USDC within the first month

Circle CEO Jeremy Allaire revealed that Circle has completed internal entity transfers using USDC through the Circle Mint platform, transferring over $68 million in the first month, with significantly higher efficiency than traditional bank wire transfers. The platform will launch a fund management update in March to optimize account transfers and integrate with accounting system APIs.
USDC-0.02%
GateNews·03-07 15:30

Renaiss releases BETA 2.0 roadmap, launches AI sub-brand Auranaiss Intelligence, and kicks off the Hackathon

Renaiss Protocol released the BETA 2.0 roadmap on March 7th, announcing a comprehensive upgrade, the launch of the AI Laboratory Auranaiss Intelligence, and open-source capability modules. A Hackathon will be held in April to attract developers. The first ecosystem project, What's Your References, has begun testing, and a co-branded card pack has been launched in collaboration with Collector Crypt. Currently, it has accumulated 220,000 users and $4 million in trading volume.
BNB-4.55%
SOL-5.36%
GateNews·03-07 12:37

Spark lending platform launches SPK token buyback program, has repurchased 1.84 million tokens

According to on-chain analyst Yu Yan's monitoring, the lending platform Spark transferred 570,000 USDS to a new multi-signature wallet on March 5th, initiating the SPK token buyback. They have already repurchased 1.84 million SPK tokens, worth approximately $36,000. This buyback plan is expected to last 12 months, with 10% of funds each month allocated for repurchasing.
SPK-1.95%
GateNews·03-07 10:22

Sky (SKY) Token Surges After Governance Vote Cuts Emissions and Expands USDS Stablecoin Credit Infrastructure

SKY rose 10% after the network cut staking emissions and continued buybacks, tightening supply across the market. Sky expanded the USDS credit infrastructure as lower token issuance and steady buybacks supported bullish market momentum. SKY, the governance token of the DeFi protocol
SKY-4.21%
DOT-6.06%
HYPE-7.26%
JUP-12.75%
CryptoNewsFlash·03-07 09:55

Boundless becomes the largest fully decentralized ZK proof network, with a daily proof capacity of over 400 trillion computation cycles.

Boundless officially released a progress report on March 7, stating that its network is the largest decentralized ZK proof network, with throughput increased by 80-100 times, and daily proof capability exceeding 400 trillion times. At the same time, several mainstream chains such as Citrea and Wormhole have integrated with Boundless, and new positions for Vice President of Engineering and Protocol Engineer have been added.
BTC-3.77%
W-17.66%
XLM-8.18%
OP-12.26%
GateNews·03-07 05:53

Vitalik proposes replacing Casper FFG with Minimit to upgrade Ethereum's finality mechanism

Vitalik Buterin proposed on the X platform to replace Ethereum's finality component Casper FFG with Minimmit, claiming it offers better security and recoverability. Minimmit requires only one round of signatures, reducing the fault tolerance threshold to about 17%, which can enhance the network's competitiveness and coordinated recovery ability under attack.
ETH-3.96%
GateNews·03-07 01:06