Gate News reported that on March 12, U.S. Senate Majority Leader John Thune stated that the Senate plans to advance cryptocurrency market structure legislation and licensing-related legislation after completing debate on the (voter identification provisions) of the Save America Act. John Thune said that senators are pushing forward this long-awaited cryptocurrency market structure legislation and indicated that if there is bipartisan willingness to cooperate, the Senate can make progress on multiple issues of shared concern between the two parties. The Save America Act is expected to undergo partisan debate in the Senate next week.

X Layer launched a developer incentive program on March 12, with an initial prize pool of 200,000 USDT, to encourage teams to build the next generation of intelligent economic systems within its ecosystem. Projects are required to complete on-chain transactions and open-source their code. The first phase runs from March 12 to 26, with a prize pool of 50,000 USDT. The evaluation will focus on the depth of AI Agent integration and the payment process.

On March 12, analyst Omkar Godbole noted that Bloomberg predicted Bitcoin could fall to $10,000, but the industry considered this forecast unreasonable. The Deribit platform showed that approximately $800 million in put options are concentrated at $20,000, with some traders preparing for a possible crash. Despite external market volatility, Bitcoin remained around $70,000, demonstrating resilience. Analysis indicated that market consolidation could lay the foundation for subsequent price movements.

Nvidia plans to invest $26 billion over the next five years to build open-weight AI models to counter the lead of Chinese open-source models. Its latest model, Nemotron 3 Super, features 128 billion parameters and comprehensive scores surpassing OpenAI, but still fall short of certain Chinese models. Analysts believe the U.S. government should support open-source projects.

Revolut obtains a full banking license in the UK and establishes Revolut Bank UK Ltd. to undertake related operations. Over the next few months, user accounts will be gradually migrated. This move provides greater regulatory flexibility, involving deposit protection and potential lending services, reflecting the trend of fintech companies moving closer to traditional banks.

Japanese publicly listed company Metaplanet is expanding its Bitcoin strategy by establishing a subsidiary, Metaplanet Ventures K.K., to invest in Japanese Bitcoin financial infrastructure. It plans to invest approximately 4 billion yen over the next two to three years. Its investment focus includes venture capital, incubators, and community funding programs to promote the development of domestic digital assets, while continuing to hold Bitcoin long-term.

Gate News Report, March 12, Bridge Data Centres (BDC) plans to invest up to 5 billion SGD (approximately 3.9 billion USD) in Singapore for artificial intelligence technology development, aiming to accelerate its business growth in Asia. BDC CEO Eric Fan stated that the private company will invest in research projects and facilities, focusing on advanced power architecture, next-generation cooling systems, AI-driven operations, and energy optimization for high-density computing environments.

Gate News Report, March 12 — According to Gate Market Data, as of press time, GTC (Gitcoin) is trading at $0.11, up 34.89% in the past 24 hours, reaching a high of $0.12 and a low of $0.08. The 24-hour trading volume is $6.1 million. The current market cap is approximately $9.95 million, an increase of $2.57 million from yesterday. Gitcoin is an authoritative reference library for the Ethereum funding ecosystem, focusing on providing reliable directories and reference resources for the funding mechanisms, platforms, case studies, and research of the next-generation internet. The platform integrates contemporary trends such as crowdfunding, AI, Ethereum, open-source software, stablecoins, decentralized networks, participatory budgeting, and 21st-century collective action. Gitcoin offers users over 120 case studies.

Gate News Report, March 12, According to analyst @alicharts, Bitcoin's current support level is at $62,791, and resistance is at $71,840. The analyst stated that only a clear breakout in either direction can determine the next trend.

Gate News Report, March 12 — Sources reveal that HSBC, Standard Chartered, and Hong Kong-based virtual asset trading platform OSL will be among the first institutions to receive a Hong Kong stablecoin license. The report states that the list may be announced as early as next week, but nothing has been finalized yet, and changes are still possible. The Hong Kong Monetary Authority responded by saying they do not comment on market rumors.