Gate News Report, March 12 — According to Gate Market Data, as of press time, MMT (Momentum) is currently priced at $0.15, up 27.37% in the past 24 hours. The highest price reached $0.15, while the lowest dropped to $0.11. The 24-hour trading volume is $28 million. The current market capitalization is approximately $30.7 million, an increase of $6.6 million from yesterday. Momentum is a financial operating system built for the tokenized future, supporting the new era of global finance by tokenizing assets and enabling seamless connection and trading within a single platform. The platform’s core products include Momentum DEX (the core exchange of the Move ecosystem, providing deep liquidity and low fees for trading on Sui), automated yield Vaults, and capital-efficient liquid staking.

a16z Partner Andrew Chen stated that AI code generation technology will replace spreadsheets due to their lack of software engineering features. He predicts that this technology will significantly reduce development costs, enabling approximately 1 billion spreadsheet users to transition to real software applications, ushering in a new era for knowledge workers.

Ethereum founder Vitalik Buterin stated on X that the in-depth funding mechanism of Gitcoin Grants is still operational and suggested continuing to improve it, especially to meet the demands of chaotic times. He believes that this mechanism has the advantages of the selection principle and artificial intelligence but still exhibits features of a "stable era," requiring further adjustments to adapt to future changes.

Circle Internet Group announced the completion of $68 million in internal settlements through the stablecoin USDC and its own infrastructure Circle Mint in less than 30 minutes. This demonstrates the high efficiency of stablecoins in corporate financial management, especially in cash flow, auditability, and settlement speed, ushering in a new era of real-time fund management.

Vitalik Buterin pointed out that DAOs and their voting mechanisms have been neglected in recent years due to the transition from a stable era to a chaotic era. He suggests that democratic tools should focus on consensus discovery, making the voices of decentralized groups more influential through methods like anonymous voting, and emphasizes the importance of immediate action.

The world's first AI + Trendy Toy OwlieToy official website launched on March 3rd and will be globally released in April 2026. This product aims to create a physical AI companion, integrating AI automation capabilities with crypto ecosystem functions, serving as an entry point for users to connect to the Crypto world and ushering in a new era of human-machine coexistence.

This article summarizes cryptocurrency news as of February 28, 2026, including the latest updates on Bitcoin, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. Trump praises Israel and the U.S. for "large-scale" airstrikes on Iran: vows to destroy missile industries and warns the Revolutionary Guard to "put down their weapons"; 2. Is the era of crypto venture capital "casting a wide net" coming to an end? In February 2026, $883 million was raised, with stablecoins and AI becoming core sectors; 3. Elon Musk's SpaceX plans to secretly file for an IPO in March, with a valuation potentially reaching $1.75 trillion, possibly the largest IPO in history.

Despite the bearish market sentiment, venture capital investment in crypto startups in February still reached approximately $883 million, down about 13% from the same period last year. Investors are focusing more on actual revenue and project sustainability, with a key emphasis on stablecoins and payment infrastructure by 2026. The market is gradually shifting towards emphasizing fundamentals and sustainable development.

ZKsync announces that ZKsync Lite will cease operation on May 4, 2026, and the final state will be frozen. Users are advised to withdraw their assets before this date. ZKsync Lite was launched in 2020 and primarily supported token transfers and NFT minting. In the future, resources will be focused on developing a new zkEVM functionality system.

Fintech company Block announces layoffs to approximately 6,000 employees, mainly due to profit re-pricing in the payments industry. Artificial intelligence tools have increased efficiency, but low-cost alternatives to traditional card swipe fees through stablecoin payments have made high-fee models difficult to sustain. This adjustment is seen as an early move to anticipate downward pressure on fees. The market reacted positively, with stock prices rising. Payment companies are facing a stress test on their revenue and cost structures.