ACX tokens surged approximately 93% within 24 hours due to the Across Protocol transition news, currently priced at $0.0644, rebounding to the same level as November 2024. The largest non-exchange address holding approximately 51.99 million ACX tokens has an unrealized loss of over 82%.

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.

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.

Gate News Report, March 12 — According to Gate market data, as of press time, ACX (Across Protocol) is trading at $0.06, up 83.37% in the past 24 hours, reaching a high of $0.07 and a low of $0.03. The 24-hour trading volume is $153 million. The current market cap is approximately $43.1 million, an increase of $19.6 million from yesterday. Across Protocol is a fast, low-cost, secure cross-chain bridging protocol supporting cross-chain transfers of ETH, WBTC, USDC, and USDT. The protocol adopts a new cross-chain intent paradigm, enabling seamless connection between users and applications through user outcomes rather than explicit execution steps. Across operates on a modular three-layer system: quote request mechanism, competitive relay

Across Protocol proposes a temperature check initiative, planning to transform the existing DAO and token structure into a C Corporation in the United States. ACX token holders can exchange their equity proportionally or redeem for USDC, and holders can choose different participation methods based on their scale.