Project Progress

Crypto.com CEO Kris Marszalek announced a 12% workforce reduction as the company integrates artificial intelligence to enhance competitiveness. He emphasized that companies adapting to change will achieve success, and affected employees will receive transition support.

Algorand Foundation announces 25% workforce reduction to address economic uncertainty and market weakness, causing ALGO token price to decline approximately 6%, now trading around $0.09. Despite the staff reduction, network activity remains stable, with quarterly transaction volume growing 4.7%. This restructuring aims to optimize resources and ensure long-term sustainability. Overall, it reflects the pressure and adaptation trends in the crypto market.

SBI Holdings subsidiary launches Japan's first public USDC lending service with annual interest rates up to 10%. The product combines blockchain technology to provide high-yield options for investors, and partners with Circle and Startale to expand the USDC ecosystem, driving the development of Japan's stablecoin market.

Flap announces the official launch of Flap AI Oracle, the first AI-driven smart contract. This infrastructure supports on-chain direct invocation of large language models (LMM), enabling real-time verifiable AI decision-making and data fetching.

Venice launches new crypto AI interface with end-to-end encryption and trusted execution environment, emphasizing "verifiable privacy." VVV token price surged approximately 10% as a result. The project has strengthened data security, though some features are limited by unencrypted data, currently available only to Venice Pro users.

Gate News: On March 19, NFT series Azuki launched TCG digital card Gate 0, which users can mint for free. The official team stated that Gate 0 is not a playable card in the Azuki TCG and does not have any gaming functionality, existing solely as a collectible.

The Tempo blockchain project launched its mainnet on March 19, introducing a Machine Payment Protocol (MPP) designed to enable AI agents to conduct automated transactions. Built on stablecoins, the project aims to improve payment efficiency and reduce on-chain congestion. Tempo's implementation is regarded as a significant advancement in the convergence of AI and blockchain, with potential to bring new growth models to the digital economy, though it still faces challenges related to security and regulatory compliance.

As the convergence of AI and stablecoin payments accelerates, Visa has launched the Visa CLI tool, which enables AI agents to complete payments directly, enhancing automation levels. Meanwhile, Tempo, backed by Stripe, has launched with a machine payment protocol to meet the high-frequency trading needs of AI. AI agents are gradually becoming economic participants with autonomous trading capabilities, and in the future may accelerate the realization of automated procurement and cross-border payments.

CoinMarketCap is expanding its workforce to broaden its presence in the cryptocurrency data services sector. The company is seeking Business Development Managers with experience in Web3 and business-to-business relationships. These roles will drive growth in key offerings such as data feeds, advertising solutions, and blockchain-related APIs.

Gate News reported that on March 19, ENS (Ethereum Name Service) announced on its official Twitter that PayPal Wallet now supports users to transfer PYUSD stablecoin using ENS domain names. Previously, users needed to use traditional wallet addresses for transfers.

Moody's Launches Token Integration Engine, Becoming the First Institution to Bring Credit Rating Data to Blockchain, Enhancing Transparency and Efficiency in Digital Finance. Simultaneously Released Stablecoin Rating Methodology, Focusing on Reserve Asset Quality, to Achieve Diversified Credit Ratings and Strengthen Market Trust.

Pi Network has completed a major update, launching its Mainnet on Protocol 20. This enhances smart contract capabilities, paving the way for future app development and positioning Pi for real Web3 utilization.

Bitcoin financial services company Fold reported a net loss of $69.6 million in its 2025 report, with the stock price falling to $1.07. The company will launch a Bitcoin rewards credit card as a core strategy to expand its customer base and continues to push forward in enterprise solutions, but the widening losses are mainly due to business expansion costs and debt repayment. Fold currently holds 1,527 Bitcoins, indicating its long-term development direction.

PiRC-101 is a governance proposal for Pi Network designed to maintain the purchasing power of Pi tokens through an internal valuation mechanism and manage token dilution issues. The proposal has sparked controversy because the valuation benchmark is considered overly high and lacks transparency. Supporters believe it can promote trust and utility, while critics worry about its feasibility and impact on decentralization principles. Currently, the proposal is still under review and has not yet affected network operations.

On March 19, Alliance announced 16 projects for the ALL16 Demo Day, including Allod, a stablecoin banking service for enterprises, Predexon, a unified API for prediction markets, Givance, an AI law firm, and other diversified fintech solutions.

The essay discusses evolving U.S. regulations for digital assets, focusing on SEC Chair Paul Atkins' proposed safe harbor framework. This framework includes exemptions for startups and fundraising, aiming to clarify when crypto assets are subject to securities laws while preserving investor protections.

Gate News reports that on March 19, Uniswap added support for stablecoin public chain Tempo. Meanwhile, the "pay with any token" feature in Uniswap API and Tempo machine payment protocol has officially launched and is now available.

xAI's Grok 4.20 officially ended beta testing on March 19th and launched four reasoning modes. Grok 4.20 set a record of 78% in hallucination-free rate testing, but its composite intelligence score is 48 points, lower than competitors. API pricing is $2 for input and $6 per million tokens for output, supporting context of up to 2 million tokens.

Gate News reports that on March 19, the Sei ecosystem lending protocol Yei Finance announced the launch of the Clovis testnet. The testnet supports users in depositing and cross-chain transferring USDC and USDT across networks including Ethereum, Base, BNB Chain, and Sei. Clovis is a platform designed to...