Gate DEX will launch the USDD staking campaign from March 12 to April 11. Users can earn 5% APY and an additional 20,000 USDD rewards through USDD Earn staking, with rewards settled daily. The platform is scheduled to launch in 2025 and will support multiple token staking.

Gate News Report, March 12 — According to Gate Market Data, as of press time, AVNT (Avantis) is trading at $0.18, up 24.13% in the past 24 hours. The highest price reached $0.20, while the lowest dropped to $0.15. The 24-hour trading volume is $101 million. The current market capitalization is approximately $58.6 million, an increase of $11.4 million from yesterday. AVNT is the native utility and governance token of Avantis. Avantis is the largest derivatives exchange on Base, focusing on RWA and crypto asset trading, offering a global market and unlimited leverage trading experience. Users can trade cryptocurrencies, forex, metals, commodities, indices, and other assets directly from their wallets. The AVNT token is used for protocol incentives, trader rewards, and community-driven development.

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

Gate News Announcement, March 12 — Backpack has confirmed that the TGE will take place around March 23. Real-time betting data from a prediction platform shows that the probability of Backpack's TGE first-day FDV exceeding $300 million is about 68%, and the probability of exceeding $500 million is 33%. Backpack CEO Armani Ferrante previously stated during an official Twitch live stream that the token TGE date is approximately March 23.

Gate News bot message, Tether has burned $1 billion USDT on the Tron network after a month. The large-scale token destruction operation was completed on the Tron blockchain.

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 Announcement, March 12, Avantis announced on the X platform the launch of the AVNT token buyback and burn plan. According to the plan, Avantis will use 30% of the daily trading revenue (including opening fees, closing fees, and profit fees) to buy back and burn AVNT tokens on the open market. This mechanism is now officially in effect. Additionally, the official statement indicates that after future protocol efficiency upgrades, the buyback ratio is expected to increase to over 50%, with an expected implementation before the end of the second quarter of 2026.

As geopolitical tensions fluctuate, traders are turning to the decentralized platform Hyperliquid for perpetual oil contract trading. In the past 24 hours, the trading volume reached $991 million, significantly higher than the $75,000 on a certain CEX platform. Due to the Iran situation, Brent crude oil prices have experienced notable volatility. Traders are leveraging the features of the crypto market for margin trading, and the HYPE token price has surged due to increased trading activity.

Gate News Report, March 12 — U.S. major bank Wells Fargo has filed a cryptocurrency-related trademark application with the United States Patent and Trademark Office for the name WFUSD. According to the application documents, WFUSD will provide cryptocurrency payment processing, digital asset trading execution, and asset tokenization software services. The name suggests that it may be a deposit token or stablecoin. Previously in 2019, Wells Fargo disclosed plans to pilot an internal settlement service called "Wells Fargo Digital Cash" on its proprietary distributed ledger platform.