Gate News Report, March 12 — According to Gate market data, as of press time, OGN (Origin Protocol) is trading at $0.03, up 39.24% in the past 24 hours. The highest price reached $0.03, while the lowest dropped to $0.02. The current market capitalization is approximately $17.4 million, an increase of $4.89 million compared to yesterday. Origin Protocol is a professional DeFi ecosystem platform dedicated to providing high-yield staking products. The platform's core product, OETH (Origin Ether), is an Ethereum liquid staking token that achieves industry-leading staking yields through an efficient validator architecture and rebasing design. Additionally, Origin Protocol offers multi-chain deployment products, including Bas

On March 12th, the crypto market experienced fluctuations and adjustments, with the DeFi sector performing notably, up 1.42%. Bitcoin and Ethereum remained within a narrow trading range. The SocialFi, Layer1, Layer2, and CeFi sectors saw slight increases, while Meme and PayFi sectors declined. Several indices reflecting the historical performance of these sectors all showed gains.

Gate News Report, March 12 — Wintermute CEO Evgeny Gaevoy stated that the cryptocurrency industry may evolve into three possible futures: the first is traditional finance adopting crypto technology; the second is everything migrating to DeFi; the third is traditional finance and crypto coexisting in parallel, forming a parallel economic system. Evgeny Gaevoy also pointed out that most of these paths would "stifle" the ideals of Cypherpunk.

Bittensor infrastructure startup General Tensor announced on March 12th that it has completed a $5 million oversubscribed seed and pre-seed funding round, with participation from multiple investment institutions, focusing on infrastructure development for decentralized AI networks and DeFi application development.

Gate News Announcement: On March 11, the Solana ecosystem DeFi protocol Drift announced that on March 12, it will launch cross-chain deposit functionality, allowing users to transfer funds from any major trading platform and start trading.

A certain CEX appointed Stephen Gregory as the new CEO on March 9, succeeding Norman Reed, who will continue to serve as an advisor. Gregory plans to expand the Earn suite, staking services, and DeFi products under his leadership to attract more users.

Between 13:30 and 13:45 (UTC) on March 11, 2026, ETH experienced a short-term fluctuation. The candlestick data shows a return of +0.83%, with a price range of 2046.07 to 2082.31 USDT, and an amplitude of 1.77%. Market activity increased during this period, with trading volume significantly higher than the previous cycle, and volatility exceeding the intraday average, attracting widespread market attention. The main drivers of this fluctuation were the rapid inflow of large on-chain funds and active institutional accounts. Between 13:32 and 13:43,

USDC and the cross-chain transfer protocol CCTP are now live on the Ethereum L2 network Morph, supporting payments, remittances, and DeFi transactions. CCTP enables cross-chain transfer of USDC between Morph and other blockchains. The first batch of integrated partners includes a CEX, Bulba, and Stargate.

Lido responded to the liquidation event on March 10 caused by the CAPO oracle price error, stating that there will be no bad debt and that affected users will be fully compensated. The Lido Earn product was unaffected, and user funds are safe.

BNB Chain is becoming the preferred public chain for retail users to trade stablecoins. In February, the number of independent stablecoin transfer addresses reached 15.1 million, a 133% year-over-year increase, ranking first among major public chains. Although it accounts for only 5% of the global stablecoin supply, its transaction volume accounts for 40%. Low transaction fees and strong DeFi protocols are driving this trend.