Overview of popular cryptocurrencies on February 22, 2026, with the top three being: memes will continue, Jambo, Fenerbahçe Token

Across's new proposal plans to convert the protocol from a DAO structure to a U.S. C-corp company, allowing ACX holders to choose between equity exchange or token purchase.

Across Community proposed a new plan on March 12th to transform the existing "DAO + Token" structure into a U.S. C-corp company, holding the protocol's intellectual property rights. ACX holders can choose to exchange for equity or sell tokens for USDC at $0.04375 per share, with plans to execute within 6 months.

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.

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.

Data: 87% of the USD1 supply is held on a certain CEX platform

Gate News reports that on March 12th, on-chain analyst Yu Yan's statistics show that in January, USD1 conducted an airdrop on a certain CEX platform, with a USD1 minting volume of $3.1 billion. It has now increased to $4.6 billion, an increase of $1.5 billion. According to the platform's reserve proof data, currently $4 billion worth of USD1 is stored on the platform, accounting for 87% of the total USD1 supply.

Gate News March 12 Highlights: Backpack token TGE date confirmed, Hyperliquid crude oil contract trading volume nearly $1 billion

The March 12 crypto market news includes the Backpack token TGE scheduled for March 23, Across Protocol exploring the exchange of ACX tokens for equity, FDIC Chairman stating that stablecoins will not be covered by deposit insurance, Hyperliquid crude oil contract trading volume nearing $1 billion, and more.

Mega Bank's real-world stablecoin testing sparks controversy! Blockchain experts mock: Nobel Prize-level discussion, Yu Zhe'an and Crypto Editor also responded.

Mega Financial Holding's real-world testing shows that stablecoins have an advantage for small cross-border remittances, but for amounts over $7,000, banks are cheaper, sparking criticism within the blockchain community. Experts point out that the comparison standards are inappropriate, and the experimental design did not consider the true costs and efficiency of stablecoins. Banks should be vigilant about technological developments to avoid missing transformation opportunities.