Ethereum becomes the first non-Cosmos network to join the IBC ecosystem, marking a new milestone in cross-chain communication. The IBC Eureka bridging product launched by Interchain Labs, based on the second version of the cross-chain communication protocol, aims to achieve fast and economical connections between Ethereum and Cosmos, with transaction fees reduced to below $1. Future plans include expansion to networks such as Solana, Base, and Arbitrum. This move will significantly enhance the security and programmability of cross-chain communication, providing vast opportunities for developers to build new applications.
0xbow announces the launch of 'Privacy Pools', an innovative tool designed to provide users with on-chain privacy protection while ensuring compliance. This tool combines zero-knowledge proofs and 'associated set providers' technology to ensure that only legitimate funds enter the pool. Developed by cryptographers including Ethereum veteran Ameen Soleimani, Privacy Pools support private transactions on public blockchains like Ethereum. This initiative marks a significant advancement in on-chain privacy protection, and the market is optimistic about it.
Ethereum developers successfully deployed the Pectra upgrade on the Hoodi testnet, paving the way for stable implementation on the mainnet. Configuration issues encountered in previous tests on Holesky and Sepolia have been resolved through Hoodi. The successful fork of Hoodi marks a further step for Ethereum towards the mainnet upgrade. Developers expect that if testing goes smoothly, Pectra will activate the mainnet between late April and June, driving technological innovation in the cryptocurrency market.
MEXC announces that its decentralized trading platform DEX+ has successfully integrated with Binance Smart Chain (BSC), providing users with a wider range of investment options. This integration enables users to trade over 5,000 on-chain assets on the BSC network, enjoying lower trading costs. DEX+ addresses issues such as liquidity fragmentation by seamlessly merging the advantages of CeFi and DeFi, and plans to expand to more blockchains, such as Ethereum and Polygon. This move will further promote the interconnectedness and development of the crypto market.
Binance suspended an employee for allegedly profiting by selling tokens using insider information before a token generation event. The employee gained privileged information during the BNB Chain business development, violating company policy. Binance has initiated an internal investigation and will cooperate with relevant authorities. Although the project name has not been disclosed, users speculate it is the UUU token from Binance Smart Chain. Binance will reward the whistleblower $100,000 to encourage compliance and transparency.
BlackRock will launch its first Bitcoin exchange-traded product (ETP) in Europe, marking its first cryptocurrency support product outside of North America. The product will be listed on the Paris, Amsterdam, and Xetra exchanges, with codes "IB1T" and "BTCN" respectively. The Bitcoin is supported by Coinbase Custody International Ltd., utilizing cold storage protection. BlackRock's spot Bitcoin ETF in the U.S. has achieved significant success, with a cumulative net inflow of $39.8 billion.
Pump.fun launched the local decentralized exchange PumpSwap, allowing tokens to be transferred directly to the platform after completing binding curves, avoiding the 6 SOL fee required for migration to Solana's Raydium. This move opens new opportunities for future creator revenue sharing. PumpSwap charges a 0.25% fee on each transaction, with 0.2% going to liquidity providers and 0.05% retained by the protocol. Co-founder Alon Cohen stated that PumpSwap will drive ecosystem growth through sustainable mechanisms.
The total market value of stablecoins has surpassed $230 billion for the first time, indicating optimistic market sentiment. U.S. President Trump recently reiterated his support for dollar-pegged stablecoins, promoting their global dominance. The Senate Banking Committee passed the 'GENIUS Act', establishing a legal framework for stablecoins. Data shows that Tether's USDT accounts for 62.6% of the market share. Experts point out that increased institutional participation and reduced legal barriers are key drivers of market capitalization growth.
Ethereum core developers announced plans to terminate support for the Holesky testnet in September 2025, introducing a new testnet, Hoodi, as a replacement. Holesky experienced interruptions during the Pectra upgrade testing, and although recovery efforts achieved finality, validator exits still faced challenges. Hoodi will activate the Pectra upgrade on March 26 and is expected to launch the mainnet in the second quarter. In the future, staking operators and infrastructure providers will turn to Hoodi for validator testing, driving the continued development of the Ethereum ecosystem.
Bitfarms completes the acquisition of Stronghold Digital, further expanding its business footprint in the United States. Through a stock-for-stock merger transaction, Bitfarms' computing power increases to 18 EH/s, with a 1.1 GW growth pipeline obtained in Pennsylvania. This move not only consolidates its position in the North American market but also supports high-performance computing and AI hosting strategies.
Meanwhile, Bitfarms sold its 200 MW facility in Paraguay to HIVE Digital for $56 million, which expanded HIVE's mining capacity to 6 EH/s, expected to reach 25 EH/s by 2025. This acquisition by HIVE not only enhances its global competitiveness but also demonstrates its commitment to sustainable growth and local investment.
Aave Labs founder Stani Kulechov confirmed that, according to the consensus of Aave DAO, there are currently no plans to introduce a new token for the Horizon project. The Horizon plan aims to bring real-world assets (RWA) into decentralized finance, targeting institutional clients. Kulechov emphasized that Aave DAO does not wish to introduce additional tokens, and this decision has the support of the community, seen as a proactive measure to protect AAVE's value. Nevertheless, the future deployment of the Horizon project remains to be seen.
OKX announces a temporary suspension of its decentralized finance services in response to the Bybit hacking incident involving $1.5 billion. This move aims to implement additional upgrades after consultations with EU regulators to prevent further abuse. OKX discovered that the Lazarus group was using its DeFi services for money laundering while facing an increase in competitive attacks. Despite the suspension, OKX's wallet services continue to operate, but the creation of new wallets is restricted in certain markets. EU regulators are reviewing whether its services comply with MiCA regulations.
The DeFi Steering Committee of ZKsync DAO announces the early termination of the token reward program, reflecting a more conservative spending strategy under bear market conditions. The originally planned allocation of 300 million ZK tokens for liquidity incentives has been canceled, despite having helped lock the total value from $100 million to $400 million. This move aims to refocus on the development of the multi-chain Elastic Network and promote the ZKsync Era chain as a center for DeFi liquidity. Technical delays have affected interoperability implementation, and the committee emphasizes the need to respond cautiously to market changes.
Solana's governance proposal SIMD-228 failed to obtain the required 66.67% support votes, despite the voting participation rate reaching a historic high of 74%. The proposal aimed to reduce the inflation rate of SOL to below 1% annually through a dynamic market-based system, in order to enhance token scarcity. However, the support rate only reached 61.4%. Meanwhile, another proposal SIMD-123 was successfully passed, allowing validators to share income with stakers, which is expected to enhance transparency. Solana's governance mechanism is continuously evolving, and the market outlook remains optimistic.
The Gnosis community actively supports continued funding for the Gnosis VPN project developed by HOPR. According to the latest snapshot voting results, GnosisDAO has reached a consensus to invest $4.8 million for further research and development of this project. This move aims to launch a consumer-facing privacy-focused open-source application within two years. In exchange, Gnosis will receive a significant share of the HOPR treasury. This collaboration is not only technically beneficial but also brings new profit potential to the decentralized VPN market.
Mesh announced the successful raising of $82 million in Series B funding, led by Paradigm, with participation from several well-known institutions including Consensys. The Web3 payment system developed by Mesh simplifies the settlement process between crypto assets and merchants, allowing users to make payments without the need to exchange assets in advance. Most of this round of funding was settled through PayPal USD, highlighting the potential of stablecoins in the payment field. Mesh is committed to building a global cryptocurrency payment network and has already established partnerships with companies such as Revolut and Shift4.
The Bitcoin Ordinals project Taproot Wizards officially launched its Wizards NFT collection. The first batch of whitelist assets is priced at 0.2 BTC, and the remaining tokens will be sold through a Dutch auction. This series features cartoon characters based on Bitcoin culture, attracting market attention. Taproot Wizards was founded by Udi Wertheimer and Eric Wall, aiming to promote technological innovation in Bitcoin. The team recently secured $30 million in funding to support the development of the OP_CAT ecosystem. The market holds an optimistic view on the expansion of Bitcoin's functionalities.
The Pectra upgrade of Ethereum has been successfully activated on the Sepolia testnet, marking the final critical testing phase before the mainnet launch. This upgrade combines multiple improvements to both the execution layer and consensus layer, aiming to enhance the network's scalability and security. Despite encountering issues on the Holesky testnet, developers quickly resolved them and pushed forward the release of Sepolia. The expected mainnet activation date will be determined at the upcoming developer conference, with a target set for early April. The Ethereum team continues to work hard to ensure its competitiveness in the blockchain space.
Binance once again demonstrates the appeal of its safe-haven platform amid market turmoil. According to the latest data from DeFiLlama, Binance achieved a net capital inflow of $3.971 billion within a week after the Bybit hacking incident, which is ten times the total of the other nine major exchanges. In February 2025, Binance's monthly net inflow reached $5.323 billion, far exceeding other exchanges, showing users' high trust in its security and stability. Regardless of market fluctuations, Binance continues to attract substantial capital, consolidating its core position in the industry.
MEXC Exchange announces a partnership with the blockchain security auditing firm Hacken, aimed at strengthening its security infrastructure to address dynamic security challenges in the crypto ecosystem. Hacken will conduct a comprehensive security audit of MEXC's web platform, mobile application, and API, focusing on potential vulnerabilities, including encryption measures, session management protection, and user input validation. This move signifies MEXC's commitment to enhancing user asset security and effectively addressing complex security threats while rapidly responding to market opportunities through multi-dimensional security strategies.