Project Progress

Gate News reports that on March 19, Trade.xyz has deployed the S&P500/USDC (S&P 500, US stock market benchmark index) trading pair on the Hyperliquid platform through the HIP-3 protocol, supporting up to 50x leverage. The contract officially launched last night (March 18), and as of press time, cumulative trading volume has reached $31.5 million, with open interest rapidly climbing to $19.6 million.

Trade.xyz updated the names of five trading pairs deployed on Hyperliquid, involving crude oil, forex, and stock indices, mainly for standardizing the naming conventions. The changes include: $EUR renamed to $EURUSD, $JP225 changed to $Japan225, $CL changed to $WTICRUDE, $BRENTOIL changed to $BRENTCRUDE, and $KR200 changed to $Korea200.

BNBX, a BNB-focused DAT, has successfully secured patents in the US and Europe for LinearRx’s new RNA Synthesis model. The milestone unlocks a new monetization model for the company on top of its BNB strategy. The subsidiary of BNB Plus Corp. (BNBX), a publicly traded company leveraging a BNB

Gate News reports that on March 19, ClawVault, a non-custodial control layer for agent economics, announced that AI agents can now automatically pay for x402 API fees using USDC. The feature will execute automatically but requires user authorization. Each payment will be reviewed through over 30 configurable rules, including spending caps, whitelists, rate limits, approvals, and other security mechanisms.

Gate News: On March 19, Monad co-founder Keone Hon posted on Twitter stating that Monad mainnet will undergo a hard fork today at 22:30 Beijing time to upgrade to the MONAD_NINE version. This upgrade introduces three improvement proposals: MIP-3, MIP-4, and MIP-5. Before the hard fork, node operators need to upgrade to at least

Polymarket is seeking a Chief Risk Officer to expand its regulated business in the United States, in compliance with CFTC requirements. The agency's rules restrict certain controversial contracts from being listed in the United States, while these contracts remain available in international operations. Polymarket is also expanding its legal team to strengthen compliance capabilities.

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