Gate Cryptocurrency News and Market Analysis

Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.
Gate Daily (March 12): Wells Fargo submits WFUSD application; Ledger reveals MediaTek chip leak of recovery phrases

Gate Daily (March 12): Wells Fargo submits WFUSD application; Ledger reveals MediaTek chip leak of recovery phrases

Bitcoin temporarily reports $69,980, driven by CPI data. Wells Fargo applies for WFUSD trademark to explore crypto business, Ledger reveals MediaTek chip vulnerability. U.S. stocks mostly close lower as markets focus on Middle East tensions. Investor sentiment remains stable, with overall performance flat.

SEC and CFTC sign memorandum to end the battle over cryptocurrency regulation dominance

The U.S. SEC and CFTC have signed a Memorandum of Understanding to establish a regulatory coordination mechanism in the fields of cryptocurrency and related areas, aiming to address issues of unclear traditional jurisdiction. The memorandum emphasizes a "minimum effective regulation" strategy, intended to reduce intervention in market participants, promote market innovation, and provide a clearer compliance framework to enhance the United States' financial competitiveness.

Hyperliquid daily oil futures trading reaches 991 million, with a surge surpassing traditional markets amid Iran conflicts

DeFi derivatives platform Hyperliquid, amidst the Iran conflict, saw oil-linked perpetual futures trading volume reach $991 million, demonstrating the trading advantage of the crypto market when traditional markets are closed. The HYPE token experienced increased buyback demand due to a surge in trading volume, and its market capitalization also grew, reflecting active crypto trading influenced by geopolitical factors.

Why did Bitcoin rise today? CPI met expectations, and the Federal Reserve confirmed no change in policy

The US February Consumer Price Index met expectations, prompting Bitcoin prices to rebound to around $70,000. The CPI report reduced market uncertainty regarding the Federal Reserve's interest rate decisions, which is favorable for risk assets. Despite global market pressures, Bitcoin continues to benefit from short-term sentiment improvement, but rising energy prices could reignite inflation and impact liquidity. $72,000 is an important resistance level for Bitcoin; a breakthrough is needed for further upward movement.

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Pi Network node deadline moved up! PI tokens surge 50% from lows

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.
PI-5,42%
MarketWhisper·4m ago
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Bitpanda achieves revenue of 371 million euros in 2025

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.
TapChiBitcoin·7m ago

Prime Brokers Push Wall Street Access to Prediction Markets: Report

US-based prime brokers are quietly positioning themselves to give hedge funds and large institutions direct access to Kalshi’s prediction markets, a move that signals growing institutional interest in event-based betting markets. A Bloomberg report from March 11, 2026, indicates that Clear Street an
CryptoBreaking·7m ago

Across Protocol releases an important proposal to exchange ACX tokens for company shares

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.
ACX90,94%
MarketWhisper·21m ago
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The United States releases 172 million barrels of strategic oil! Iran warns oil prices could rise to $200

The U.S. Secretary of Energy announced plans to coordinate the release of 400 million barrels of oil to counter Iran's threats, with the release of 172 million barrels being the largest in history. Market reactions to this move are uncertain, and oil prices remain affected by the security situation in the Strait of Hormuz. At the same time, oil price fluctuations will impact the Bitcoin market, potentially increasing inflationary pressures and limiting liquidity. The United States plans to replenish the released oil within a year, which should not have a long-term impact on energy security.
MarketWhisper·30m ago
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Wintermute CEO Reveals Three Futures of Cryptocurrency, Most Paths Are Dead Ends

Wintermute CEO Evgeny Gaevoy analyzed three possible futures for cryptocurrency. He believes that the most likely scenario is traditional finance absorbing crypto, but this would stifle the ideals of crypto punk; a fully decentralized future is almost impossible. The third parallel coexistence model is the only worthwhile direction to pursue, requiring the crypto community to take concrete actions to protect individual sovereignty. Gaevoy feels confused about the current state of the industry, reflecting the conflict between personal ideals and commercial interests.
MarketWhisper·38m ago
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Backpack Token TGE is scheduled for March 23, and it can be exchanged for 20% of the company's equity.

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.
MarketWhisper·51m ago
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ChainAware.ai and AgentLauncher Elevate Data-Driven Web3 Launches

ChainAware.ai and AgentLauncher have partnered to enhance Web3 project launches through AI-powered predictive analytics and fraud detection, promoting transparency and risk reduction in token launches. Their collaboration focuses on providing real-time wallet behavior analysis and leveraging a robust network of partners to foster user engagement and ensure project integrity.
BlockChainReporter·58m ago

Ripple launches $750 million stock buyback, valuation rises to $50 billion

Ripple has launched a $750 million stock buyback program, valued at $50 billion, expected to last until April. This buyback is an adjustment from a previous unsuccessful attempt, with a smaller scale but a higher valuation. In recent years, Ripple has been actively expanding through acquisitions totaling approximately $4 billion, and despite pressures in the crypto market, management continues to demonstrate confidence in the business.
XRP-0,57%
MarketWhisper·1h ago
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Stablecoins are not insured by FDIC! The GENIUS Act clarifies the boundaries of bank deposits

FDIC Chairman Travis Hill in the summit stated that under the GENIUS Act, stablecoins are not protected by government deposit insurance and are classified as independent assets separate from bank deposits. Stablecoins rely on the reserves of the issuer rather than federal insurance. Additionally, tokenized deposits still enjoy FDIC protection as they are inherently considered bank liabilities. This policy has raised concerns within the banking industry that stablecoins might divert deposits.
MarketWhisper·1h ago
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Revolut seeks full UK banking licence amid PRA review

Revolut full UK banking licence, what changes for customers now as reported by The Guardian (https://www.theguardian.com/business/2026/mar/11/british-fintech-revolut-gets-full-banking-licence), Revolut will receive a full uk banking licence this week. For customers, this is a change in
CoincuInsights·1h ago

Optimism's massive layoffs spread across the community! OP drops 55%, concerns arise over the future of the super chain

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.
OP0,91%
ETH0,56%
MarketWhisper·1h ago
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