Project Progress

Hong Kong is about to issue its first batch of stablecoin licenses, with approved institutions including HSBC, joint venture Anchorpoint, and OSL Group. Regulators aim to ensure market stability through strict regulations, while Chinese companies such as Ant Group and JD.com are absent from this round of license competition due to policy constraints. This move will impact the global stablecoin regulatory landscape.

Base Build announced on March 13 that it will launch new Base.dev foundational components aimed at simplifying the building, management, and showcase of applications, covering three major features: metadata, notifications, and distribution. The metadata feature will go live in mid-March, while notifications and distribution features are scheduled to launch on April 9, at which time Base App will discontinue using the Farcaster specification.

Brevis recently launched an end-to-end media authenticity system that allows images and videos to cryptographically prove their origins while protecting user data. The Shift From Detection to Proof On March 9, 2026, the zero-knowledge-proof computing company Brevis launched an end-to-end media au

Lido has launched EarnUSD, its first stablecoin vault, allowing users to invest stablecoins in USD-valued strategies on Ethereum. This move aims to enhance Lido's DeFi offerings and simplify its product portfolio to cater to the growing demand for stablecoin services.

Gate News: On March 13th, Tempo, a stablecoin public chain, added built-in account abstraction functionality at the protocol layer. This feature brings three major conveniences to users: no need for seed phrases, no need for Gas tokens, and no need for repeated transaction confirmations. For developers, account abstraction can be implemented without relying on workarounds such as middleware or smart contracts.

Hong Kong is set to issue its first stablecoin licenses under a new regulatory framework, with HSBC, Standard Chartered's Anchorpoint, and OSL Group in consideration. The regulations take effect in August 2025, allowing the Monetary Authority to license stablecoin issuers.

CoW DAO responded to the incident where a whale lost $50.39 million while swapping aEthAAVE, stating that the decentralized trading platform was unable to complete the transaction. The team emphasized the importance of user autonomy and choice. They are researching how to balance security with user self-sovereignty and have committed to reimbursing related fees.

POAP digital badge platform announced that starting March 16, it will enter maintenance mode and will not issue new badges, but existing users can still use the tools. The platform will no longer actively develop and will focus on establishing open collectible standards in the future to support sustainable collectible creation.

On March 13, DEXTools completed a $3 million funding round and will launch its perpetual DEX product PerpTools. The public beta is expected in 2026, and it has already reached $150 million in trading volume during the closed testing phase, integrating AI analysis and real-time execution capabilities.

TRUMP meme coin organizers announced they will hold a business meeting at Trump's Mar-a-Lago on April 25, inviting the top 297 token holders to attend. The token has plummeted from its peak of $74 to $2.75, representing a 96% decline. The event has sparked ethical controversy over money in exchange for political access, with critics questioning whether this practice violates relevant laws.

Gate News reports that on March 13, Circle announced that its tokenized money market fund USYC has surpassed $2 billion in assets under management, becoming the world's largest tokenized money market fund. USYC is a product that tokenizes traditional money market funds using blockchain technology, allowing institutional investors to hold, trade, and manage yield-bearing assets on-chain. The fund mainly invests in short-term U.S. Treasury securities and repurchase agreements backed by U.S. government securities.

Gate News reported that on March 13, stablecoin protocol Ethena announced an update to the sUSDe unstaking mechanism. The new mechanism will adjust the unstaking cooldown period from the previously fixed 7 days to a dynamic model, with the cooldown period floating between 1 to 7 days, depending on the proportion of liquid stablecoins in USDe reserve assets.

Ethereum officials stated that the Ethereum ecosystem is experiencing a transformation in privacy, calling it a renaissance. New cypherpunk ideals emphasize privacy, decentralization, and censorship resistance, upholding the cultural values of permissionlessness and open source, infusing Ethereum with a modern spirit. Now is the best time to become a privacy advocate.

Stablecoin Tether's Chief Investment Officer Richard Heathcote will step down and transition to an advisory role, with his deputy Zachary Lyons taking over. During his tenure, he led the company's investment strategy, particularly regarding USDT reserve management and multiple investment transactions. Tether's U.S. Treasury holdings are expected to increase to $122 billion by the end of 2025.

Gate News reports that on March 12, Trump will host a grand luncheon tomorrow (March 13) for TRUMP token holders. Trump himself will attend alongside 18 "superstars." The TRUMP token team has positioned this luncheon as a cryptocurrency and business conference for the world. Participation eligibility will be confirmed through time-weighted average TRUMP token holdings, with the confirmation period running from March 12 to April 10, 2026.

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.