core

According to market news, the Solana core development team Anza has launched the Constellation protocol, a multi-concurrent proposer protocol that shortens Solana's block cycle to 50 milliseconds, making it the fastest blockchain in terms of economic rhythm at the protocol level.This protocol replaces the single leader model, eliminating exclusive control over transaction inclusion and ordering through concurrent proposers, enforcing fairness at the protocol level without relying on trusted third parties or modifying clients, while the validator economic model remains largely unchanged.

The Solana Foundation stated that it will position the Solana network as the core infrastructure of the emerging "agentic internet," where economic activities are initiated and executed by AI systems rather than humans.Vibhu Norby, Chief Product Officer of the Solana Foundation, stated at the New York Digital Assets Summit that AI is not a single vertical industry but a platform transformation that affects various sectors, including crypto. The strategic core of Solana is payment infrastructure, and the network has processed approximately 15 million on-chain payments initiated by agents, primarily for machine-to-machine commercial transactions. The programmatic nature of crypto payments is key to attracting agents, and stablecoins will become the default method for paying for any computational resources.Vibhu Norby believes this will fundamentally reshape internet business models, making micropayments and pay-per-use possible, which traditional payment channels cannot support. The Solana Foundation emphasizes that its high-performance design has advantages in this new paradigm: "Agents are calm, precise machines... If you ask agents how to use crypto payments, Solana often ranks as the preferred choice."Additionally, advancements in AI technology have lowered the development threshold, and Solana developers are directly building tools for AI systems, including machine-readable "skill" files and AI-first development platforms. Norby anticipates that in the future, user interactions with crypto will default to agents, with 95% to 99% of transactions initiated by large language models (LLMs).

Web3 asset data platform RootData issued a daily transparency alert on Twitter (X), noting the lack of information on decentralized exchanges such as Hydration, Hyperbot, SideShift.ai, Lynex, and Beets regarding team details, key calendar events, token data, etc. It calls on project teams to submit/update information on RootData to enhance their transparency scores. Additionally, RootData stated that it will continue to monitor and expose "black box" projects that lack core information.It is reported that the RootData transparency score is used to measure the integrity and timeliness of projects, aiming to reflect the information disclosure situation of the projects. The transparency score is divided into 5 levels from A to F, with lower scores indicating more incomplete information disclosure and higher risks of misconduct, requiring investors to be highly vigilant.

Ethereum Foundation researcher ladislaus.eth posted on social media that Ethereum core developers plan to decide on March 26 whether to include EIP-8141 (Frame Transactions) in the Hegota upgrade.EIP-8141 decouples accounts from fixed signature schemes, providing a native migration path for post-quantum secure (PQ-secure) signature schemes. If post-quantum security is only implemented at the consensus layer (leanCL) while user transactions at the execution layer still rely on quantum-vulnerable ECDSA, it will constitute an incomplete migration.

Ethereum Foundation researcher ladislaus.eth disclosed that the Ethereum core developer meeting (AllCoreDevs) plans to make a decision this Thursday on whether to include EIP-8141 in the Hegota upgrade.The core of EIP-8141 is to decouple accounts from fixed signature schemes, providing a native path for migration to post-quantum secure signature schemes. ladislaus.eth pointed out that if the consensus layer (leanCL) already possesses post-quantum security, but user transactions on the execution layer still rely on ECDSA signatures that have quantum vulnerabilities, then the overall migration is not complete; both layers need to have post-quantum readiness.In addition, EIP-8141 will also support account abstraction as a native feature of the protocol and support programmable Gas payments (including payments with ERC-20 tokens and transaction sponsorship). Ethereum co-founder Vitalik Buterin added that EIP-8141 will also provide better native support for privacy protocols and draw a comparison with the general programmability of the EVM—this proposal will introduce programmability into the verification phase, which previously only hardcoded ECDSA.

According to The Block, Mizuho Financial Group has lowered the target stock price for cryptocurrency exchange Gemini from $26 to $12, a decrease of over 50%, citing that weak trading activity is expected to drag down its core business, despite continued growth in its credit card business.Analysts noted in the report that the weak outlook for cryptocurrency asset prices and declining platform trading volume may limit recent revenue growth. Mizuho has reduced its revenue expectations for Gemini in 2027 by about 24%, reflecting the overall weak trading environment in the cryptocurrency market.At the same time, the company's revenue structure continues to shift, with service revenue, including credit card and interest income, expected to account for 43% of total revenue, up from the previous expectation of 36%. The Gemini credit card is projected to generate over $1.2 billion in transaction volume in 2025, resulting in approximately $33 million in net income. Additionally, Gemini has laid off about 30% of its workforce and exited several international markets, expecting to reduce expenses by about 12% by 2027.

The multi-chain trading platform Magic Eden announced that it will increase the core revenue ratio used for ME token buybacks and staker dividends from the previous 15% to 30% in the third quarter.

Bitcoin mining company Core Scientific announced that it has received an additional $500 million financing commitment from JPMorgan, increasing its total credit line to $1 billion, of which $500 million was previously provided by Morgan Stanley.The company stated that the related funds will be used for data center construction, equipment procurement, and energy infrastructure to support high-density hosting and AI-related business development.

According to Jinshi reports, Federal Reserve Chairman Powell expects the February PCE inflation to be 2.8%, with core PCE at 3%.

According to Jin Shi reports, the Federal Reserve FOMC released economic forecasts, expecting the median core PCE inflation expectations at the end of 2026, 2027, and 2028 to be 2.7%, 2.2%, and 2%, respectively. In contrast, the expectations in December were 2.5%, 2.1%, and 2%.

According to Jinshi reports, the U.S. core PPI for February increased by 0.5% month-on-month, higher than the market expectation of 0.3%, and the previous value was 0.8%.

According to Jinshi reports, the U.S. February core PPI year-on-year rate is 3.9%, higher than the market expectation of 3.7%, and the previous value was 3.6%.

QCP Capital released a market analysis stating that BTC's current price remains around $74,000, oscillating within a recent range with insufficient upward momentum.Although the overall cryptocurrency market is under pressure, the decline is relatively controllable compared to the pullback of other macro-sensitive risk assets. On-chain data shows that there is still buying behavior at lower levels, but spot trading volume is low, and recent price movements are mainly influenced by macro factors.On the macro level, this week is the most important central bank policy week of the year. The Federal Reserve will announce the results of the March interest rate meeting on Wednesday, while the European Central Bank, Bank of Japan, and Bank of England will successively release their decisions on Thursday. Due to high oil prices, the market has significantly lowered interest rate cut expectations, and the interest rate environment's support for crypto assets is weakening.At the same time, geopolitical risks persist, and oil prices remain around $100 per barrel, with the market overall maintaining stagflation expectations. QCP Capital points out that BTC currently does not exhibit pure high-beta risk asset characteristics, nor has it formed a stable inflow of safe-haven funds. Before the policy path and geopolitical situation become clearer, the range-bound oscillation pattern may continue.

Web3 asset data platform RootData issued a daily transparency alert on Twitter (X), noting the lack of information on teams, key calendar events, token data, and more for centralized exchanges such as Korbit, Bitkub, Luno, VALR, and bitFlyer. It calls on project parties to submit/update information on RootData to enhance their transparency scores. Additionally, RootData stated that it will continue to monitor and expose "black box" projects that lack core information.It is reported that the RootData transparency score is used to measure the integrity and timeliness of projects, aiming to reflect the information disclosure situation of the projects. The transparency score is divided into 5 levels from A to F, with lower scores indicating less complete information disclosure and higher risks of wrongdoing, requiring investors to be highly vigilant.

Bitcoin Core has released the v31rc1 test version, which is the next major version following v30.2. This version is now open for testing, and developers can download the binaries and view the release notes. The official version is expected to be released after the subsequent testing is completed.

Aave released an analysis of the Swap event: a user executed a token exchange operation through the CoW Swap router integrated into the Aave interface. The user attempted to exchange 50,432,688 aEthUSDT (worth approximately $5,043,270) for aEthAAVE. Due to the user's order being exceptionally large in a market with insufficient liquidity, the quotes from CoW Swap were extremely poor, and the user confirmed acceptance of the quote.It should be noted that the Aave protocol itself was never at risk, as this exchange occurred outside the protocol, through the aforementioned third-party Swap protocol. Currently, the relevant user has not contacted the Aave team. The key issue in this event was insufficient market liquidity, rather than slippage.Insufficient liquidity refers to the inability of the market to provide enough assets at a specific price to meet large orders, resulting in severe price deviations. The user's order was far larger than the available market liquidity, and the CoW Swap quote was 99.9% lower than the expected market clearing price; the adverse outcome stemmed from the user's confirmation of the quote, rather than price changes during execution.The root cause of this event was the routing of large trades in a market with insufficient liquidity, leading to extreme price shocks. The user executed the trade after confirming a clear warning on the interface. To prevent similar events, Aave Shield will be introduced in the Swap widget: it will default to blocking exchanges with price shocks exceeding 25%, and users will need to manually disable this feature to execute high-risk trades. The transaction incurred approximately $110,368 in fees, which will be refunded after user verification.

Michael Saylor posted on the X platform stating that a brief discussion on digital credit includes:Acquiring a large amount of appreciated capital (BTC);Issuing credit (STRC) against that capital, over-collateralized by equity;Monetizing part of the appreciated gains through direct or derivative means (MSTR) to fund dividends.Credit investors exchange volatility, risk, duration, and performance with equity investors. Credit (STRC) gains cash flow and stability. Equity (MSTR) experiences amplified value performance and volatility.