Project Progress

NFT brand Pudgy Penguins launches free web game "Pudgy World," which can be played without owning NFTs or cryptocurrencies. The game prioritizes full playability. It features an in-game store system and a profit token called "Pebbles." Currently, only an English interface is available, but the simple controls are expected to attract a wide range of players. The game's launch also has a positive impact on its token \$PENGU .

OpenClaw founder Peter SteinBerger posted a response to Tencent creating Skillhub, accusing it of copying Clawhub's skill content, pointing out that Tencent has not supported his project, and calling on Tencent to help reduce server costs.

The open-source AI platform OpenClaw released the beta version v2026.3.11-beta.1 on March 11, introducing 15 new features, including multimodal indexing and local model experience improvements. Several high-risk vulnerabilities were fixed to enhance the system's security defenses.

Wells Fargo submits "WFUSD" trademark application, indicating its deepening involvement in blockchain and digital assets, covering services such as cryptocurrency payments and asset tokenization. This move shows that major banks are actively exploring digital assets and may work together with JPMorgan Chase to advance the development of USD deposit tokens.

Gate News Announcement: On March 12, the privacy browser Brave Wallet added support for NEAR Intents functionality, allowing users to perform cross-chain asset swaps within the browser, covering Bitcoin, Solana, Zcash, Cardano, and EVM chains.

Gate News Announcement, March 12 — On the Base chain, ZK privacy protocol Veil.Cash developer Apex777.eth announced that Veil.Cash will launch a sub-account feature. This feature allows users to receive funds without exposing their main account and can be used with any ETH-supported or

Pi Network has moved up the deadline for upgrading to version v20.2 to March 12, requiring mainnet nodes to complete the upgrade before the deadline or face disconnection. This move coincides with a 50% surge in PI token price. Analysts are cautious about the sustainability of the rally due to the closed mainnet limiting liquidity. Version v20.2 emphasizes enhanced KYC and biometric verification to improve platform security and compliance.

Bitpanda's 2025 revenue is projected at €371 million, a 16% increase. User registrations rose 25% to 7.4 million, but adjusted EBITDA fell to €13 million due to higher expenditures. The platform expanded its asset offerings and regulatory compliance, launching a Web3 wallet and entering new markets.

Risk Labs proposes "The Bridge Across" plan, transforming the ACX token into a U.S. C Corporation, offering two options: equity exchange or repurchase at $0.04375. Holders can exchange shares proportionally or sell tokens to receive USDC. The proposal aims to enhance legal contract signing capabilities, facilitate institutional cooperation, and maintain normal operations during the transition period.

Gate News Announcement, March 12, OP Labs CEO Jing Wang tweeted that OP Labs will lay off 20 employees to streamline operations, accelerate decision-making, and reduce coordination costs. Jing Wang emphasized: "This decision reflects a narrowing of our focus, not a liquidity crisis." Affected employees will receive three months of base salary and N+1 compensation, and health insurance will be extended for six months.

Across Community proposed a new plan on March 12th to transform the existing "DAO + Token" structure into a U.S. C-corp company, holding the protocol's intellectual property rights. ACX holders can choose to exchange for equity or sell tokens for USDC at $0.04375 per share, with plans to execute within 6 months.

Backpack Exchange CEO Armani Ferrante announced during a live stream that the Backpack token's Token Generation Event (TGE) will take place on March 23, with a total supply of 1 million tokens, of which 62.5% will be allocated to users. Users who stake tokens can exchange for 20% of the company's equity after one year. This design aims to attract long-term investors and avoid selling pressure.

Sonic Labs launched US Sonic Dollar (USSD) on March 12 as the core liquidity layer. This stablecoin is built on Frax Finance's compliant infrastructure and supported by multiple institutions. It is pegged 1:1 to the US dollar and aims to enhance ecosystem yields while supporting cross-chain fee-free minting and flexible redemption.

Base Ecosystem Trend Prediction Platform Noise opens waitlist registration on March 12. The platform completed a $7.1 million seed round in January, attracting multiple investment institutions. Its testnet was launched last year, with over 1,300 users participating in cryptocurrency topic predictions.

Ethereum Layer-2 network Optimism is undergoing more than 20% layoffs, according to internal employee discussions on social media. The layoffs involve multiple core departments, and the reasons are unclear, possibly to improve efficiency or respond to market pressures. The OP token has already fallen over 55% this year, and market sentiment remains cautious. The impact of these layoffs on the super chain project remains to be seen; in the short term, Base's operations are unaffected, but long-term development capabilities may face challenges.

The March 12 crypto market news includes the Backpack token TGE scheduled for March 23, Across Protocol exploring the exchange of ACX tokens for equity, FDIC Chairman stating that stablecoins will not be covered by deposit insurance, Hyperliquid crude oil contract trading volume nearing $1 billion, and more.

OpenRouter launched two anonymous models, Hunter Alpha and Healer Alpha, on March 12, both available for free. Hunter Alpha is a 1 trillion parameter text model focused on long-term planning and complex reasoning; Healer Alpha is a multimodal model supporting visual and audio inputs. The community has various speculations about the identities of these models, but no official confirmation has been provided.

Gate News Announcement, March 12, Avantis announced on the X platform the launch of the AVNT token buyback and burn plan. According to the plan, Avantis will use 30% of the daily trading revenue (including opening fees, closing fees, and profit fees) to buy back and burn AVNT tokens on the open market. This mechanism is now officially in effect. Additionally, the official statement indicates that after future protocol efficiency upgrades, the buyback ratio is expected to increase to over 50%, with an expected implementation before the end of the second quarter of 2026.

Foundry Digital will launch a mining pool for privacy-focused cryptocurrency Zcash in April, expanding beyond its Bitcoin operations. The new pool aims to support institutional miners with compliance features and operational infrastructure, responding to Zcash's growing status as an organizational asset.