Project Progress

A trader lost nearly $50 million after swapping $50 million in USDT for just 324 AAVE tokens due to extraordinary slippage. Aave's founder noted the protocol will attempt to return about $600,000 in fees and emphasized the need for better safeguards against user errors in decentralized finance.

Bitcoin hits 20M mined coins, fueling debates on supply, institutional buys, and market control. Zcash seed round and privacy tech drive social buzz, while Tether gains attention via USAT launch. Ethereum staking, Dogecoin rumors, and TRON AI partnerships dominate crypto social

VeChain's StarGate staking platform experienced significant growth post-Hayabusa fork, with a 50.2% reduction in VTHO emissions and a 93.9% increase in active stakers. The network now holds 10.7 billion VET, emphasizing the shift towards a delegation model and new entry-level node tiers which promote wider participation.

Gate News Report: On March 12, Ethena announced on March 13 an adjustment to the sUSDe unstaking mechanism. The new mechanism will change the cooldown period from a fixed 7 days since the project's launch to a dynamic model, linked to the amount of liquid stablecoins available in the USDe reserve. According to current reserve conditions, the sUSDe unstaking cycle has been shortened to 1 day. In the future, the cooldown period will dynamically adjust between 1 day and 7 days based on the composition of liquid assets in the USDe reserve.

Gate News reports that on March 12, Zama and crypto market maker GSR announced that they have completed the first confidential over-the-counter transaction on Ethereum based on the Zama protocol. The transaction achieved encrypted protection of sensitive data such as transaction size and fund flows on the public blockchain. Zama stated that the transaction aims to eliminate "privacy loopholes" for institutional participants caused by on-chain data transparency. Through fully homomorphic encryption (FHE) technology, transaction details remain encrypted on-chain while ensuring transaction verifiability and settlement finality.

UXUY and Flap Reach Strategic Partnership, Focusing on AI Agent Asset Ecosystem, Launching PumpAI Platform to Enable AI Agent Autonomous Token Issuance. AI Agents Possess Sharp Market Insights, Supporting Trading Tax Decision-Making and Diversified Distribution, Driving Community Development. Founder Kevin Emphasizes the Important Transformation and Innovation Potential of AI Agents in On-Chain Ecosystems.

Hyperliquid, a specialized Layer 1 blockchain for DeFi, has seen outstanding growth in Real-World Asset trading, achieving over $1.3B in open interest and $1.4B in weekend volume, positioning itself as a 24/7 trading hub alternative to traditional markets.

Circle’s AI hackathon produced 204 submissions, 1,352 valid votes, and over 9,700 comments in five days. Agents built projects across commerce, smart contracts, and skills using USDC incentives. Experiment revealed rule-breaking, vote collusion, and possible human activity among AI

Lido has integrated its Earn product line into EarnETH and EarnUSD, the latter being its first stablecoin vault supporting USDT and USDC. Since its launch in 2025, it has attracted nearly $250 million in deposits, and Lido DAO will invest $5 million to support the new product.

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

Gate News: On March 12, TON announced that due to the Middle East conflict and security situation in the UAE region, it has decided to cancel the Gateway Dubai event originally scheduled for May 1-2, 2026. TON will process refunds for Gateway tickets within 14 days. TON stated that it is exploring different formats for hosting and aims to hold a Gateway event before the end of this year, with relevant announcements to be released in the near future.

USD1 introduces real-time blockchain verification for stablecoin reserves, addressing transparency concerns following past failures. By utilizing oracle networks for continuous updates, it enhances trust while acknowledging inherent market risks. This approach could reshape stablecoin standards.

Gate News reports that on March 12, Starknet released the STRK20s technical documentation, detailing its design architecture and core concepts. STRK20s can provide privacy capabilities for any ERC-20 token, supporting Bitcoin, stablecoins, Ethereum, and other ERC-20 tokens to achieve private balances, private transfers, and private DeFi interactions. Currently, Starknet has opened registration for cooperation intentions.

Gate News reported that on March 12, NickAI, an agent trading operating system supported by Galaxy, a digital asset and data center infrastructure company, is about to launch. The system allows users to build AI agents without coding, enabling 24/7 automated trading of cryptocurrencies, stocks, and prediction markets.

In brief Ark Labs secured backing from Tether and Anchorage Digital. The firm plans to advance stablecoins and real-world assets on its Bitcoin layer. The technology processes transactions off-chain, with fail-safe measures. Tether has backed Ark Labs in a $5.2 million seed round, as the

X Layer launched a developer incentive program on March 12, with an initial prize pool of 200,000 USDT, to encourage teams to build the next generation of intelligent economic systems within its ecosystem. Projects are required to complete on-chain transactions and open-source their code. The first phase runs from March 12 to 26, with a prize pool of 50,000 USDT. The evaluation will focus on the depth of AI Agent integration and the payment process.

Brazilian investment platform XP launches dollar stablecoin USDXP, backed 1:1 by U.S. dollars held in international financial institution accounts. The stablecoin has been listed on the Clear platform and supports 24/7 trading, with potential expansion to other currencies in the future.

March 12, 2026 5:50 am EDT

Tether Chief Executive Officer Paolo Ardoino announced on March 12 that the intelligent development platform QVAC Workbench 0.4.1 has been released, with multiple upgrades focused on AI localization and is currently in Alpha testing phase.