Cari Network, led by Gene Ludwig, announces a partnership with Matter Labs to build a tokenized deposit network. The platform is based on ZKsync and enables small to medium-sized regional banks to issue and transfer tokenized deposits, ensuring deposits remain as bank liabilities. The Prividium shared ledger achieves instant settlement of verified transactions and protects user identity information.

Dark Matter Labs released a technical report proposing to replace residual connections in Transformers with attention mechanisms to improve computational efficiency. Elon Musk praised this work, and young co-author Chen Guangyu responded to external skepticism, emphasizing teamwork. Chen Guangyu is a 17-year-old high school student who previously won at a hackathon.

The U.S. Securities and Exchange Commission (SEC) withdrew its lawsuit against Nader Al-Naji on March 16, ending a two-year legal dispute and marking a shift in the crypto regulatory environment. The withdrawal was partly based on the SEC's reassessment of its regulatory framework and evidence, but does not affect other cases. Al-Naji was accused of using funds raised through BitClout for personal expenses and has now reached a settlement. This matter demonstrates a gradual shift in the U.S. crypto regulatory approach.

Gate News Announcement, March 11, Sun Yuchen announced that the case brought by the U.S. Securities and Exchange Commission (SEC) against himself, the TRON Foundation, and the BitTorrent Foundation was officially concluded yesterday (March 10). The judge approved and signed the final judgment, dismissing all charges against the three parties, and the SEC is barred from filing another lawsuit on this matter. The case is now closed.

Gate News Report, March 9 — Stablecoin payment company KAST completed its latest funding round, raising $80 million, with a valuation of $600 million. Sources familiar with the matter revealed that KAST's annual revenue run rate is expected to reach $100 million this year. This funding round further confirms the trend of venture capital firms continuing to increase their investments in the digital dollar account sector, with related startups attracting significant capital inflows.

Gate News Report, March 8 — According to The Wall Street Journal, prediction market platforms Kalshi and Polymarket are in talks with potential investors for a new round of funding, with target valuations of approximately $20 billion each. Sources familiar with the matter revealed that both companies were valued at around $10 billion at the end of last year, and this funding round aims to double their valuation compared to late 2022. As competition in the prediction market intensifies, both sides are accelerating efforts to attract user growth and leverage this to drive negotiations for a new funding round.

Gate News Announcement, March 7 — In response to Curve Finance's allegations that PancakeSwap appears to have used its Stableswap code without permission and borrowed security practices to safeguard user funds, violating open-source license agreements, PancakeSwap issued a statement saying it will directly contact the Curve Finance team to discuss the matter.

BlockBeats News, March 5th, according to The Information: sources familiar with the matter revealed that Alibaba, ByteDance, and Tencent are turning to domestic chip manufacturers to mitigate the impact of the worsening global storage chip shortage.

PANews March 3 News, according to Zhitong Caijing, the Monetary Authority of Singapore has held talks with several financial institutions including the two major gold market makers, UBS and JPMorgan, to assess the feasibility of developing Singapore as a physical gold trading hub. Sources familiar with the matter revealed that Singapore aims to become a gold trading and storage hub, with support from the central bank and family offices. The Singapore Exchange is also evaluating market demand for new gold contracts. The related plans are still in the preliminary stage and may be adjusted in the future.

ChainCatcher News, according to Jinshi reports, Kevin Wash's plan to reduce the Federal Reserve's balance sheet will only proceed slowly. Wash pointed out that the Fed's nearly $7 trillion balance sheet has overstepped congressional authority and believes that large-scale bond purchases have distorted financial markets. Sources familiar with the matter revealed that Wash will only begin adjusting the balance sheet after consultations with banks and the public, and it is unlikely that the scale will be restored to pre-2008 financial crisis levels.