Industry Reports

Solana Foundation president Lily Liu stated in a post that blockchain gaming is dead and will not make a comeback. This comment stems from attention to Meta's abandonment of its metaverse vision, despite having no direct connection to blockchain. Companies like Mythical Games and Gunzilla Games continue to advance related projects.

BitFuFu (NASDAQ: FUFU) announced its 2025 financial report on March 20, with total revenue of $475.8 million, an increase of 2.7% year-over-year. Although cloud mining business grew, the company reported a net loss of $57.4 million due to digital asset losses and rising mining costs, sharply contrasting with the net profit of the previous year. Revenue from self-operated mining dropped significantly to $6.31 million.

The Hong Kong Securities and Futures Commission's Q4 2025 report shows that Hong Kong's virtual asset market continues to grow, with listed digital asset ETFs experiencing significant increases in total market value, and tokenized retail money market fund assets under management also rising notably. Fund net inflows surged 118.5%, demonstrating active market conditions.

Gate News report: On March 20, JD Cloud officially released the OpenClaw all-in-one machine, which supports processing 350 million to 1 billion Tokens per day on average. Meanwhile, JD Cloud simultaneously launched the CodingPlan service, providing users with Token packages and multi-model selection solutions.

Bitcoin mining company BitFuFu released its 2025 financial report, with annual revenue of $476 million, representing a year-over-year growth of 2.7%. Cloud computing power and mining machine sales revenue increased by 29.4% and 76.1%, respectively. The company's adjusted EBITDA was $8.32 million, computing power increased to 26.1 EH/s, and users grew to 676,000.

The Ethereum Foundation emphasized "Harden the L1" as a core priority in its 2026 update, ensuring censorship resistance, privacy, and security are maintained while scaling. Led by three members, it covers technical improvements and user protection work, emphasizing the continuity and resilience of core attributes to meet user needs.

The crypto market has declined, with a total capitalization of $2.42T and a 24-hour volume drop of 6.08%. Bitcoin and Ethereum saw minor decreases, while notable gainers included $BPX and $PENGU. DeFi TVL fell by 1.56%, and NFT sales dropped 14.62%. Morgan Stanley updated its Bitcoin ETF filing, while Gemini faces a lawsuit for misleading investors.

Gate News reports that on March 20, Musk stated that the X platform will release a major artificial intelligence algorithm update next week and plans to open-source it simultaneously.

Block Inc. has recently rehired some employees after introducing AI tools and laying off 4,000 workers, indicating that AI cannot completely replace human work. This phenomenon has also appeared at companies like Klarna, reflecting the complexity of AI integration and the value of human contribution.

The World Gold Council plans to launch a "Gold-as-a-Service" platform aimed at simplifying the launch process for digital gold products, connecting physical gold custody with digital management, enhancing market liquidity, and promoting the integration and development of gold in the digital finance era.

Nous Research CEO Jeffrey Quesnelle announced that AI system Hermes Agent completed the creation and typesetting of the novel "The Second Son of the House of Bells," which contains 19 chapters and 79,456 words, demonstrating the potential of AI storytelling. The process was divided into four stages, forming the final work through adversarial editing and simulated peer review, drawing on the iterative methodology of Autoresearch.

Nansen's release of the NEAR Protocol Q4 2025 report shows that NEAR achieved 1 million TPS, with cross-chain transaction volume surpassing $7 billion, and introduced NEAR AI Cloud. During this quarter, it processed 54 million transactions, served 20 million users, and increased the number of shards to 9. Hot wallets contributed 53.3% of the transaction volume.

Meta announced it is withdrawing its decision to shut down the Horizon Worlds VR platform and will continue to keep the app on Quest headsets. Based on user feedback, existing VR games will continue to operate, but no new content will be added. With Meta's metaverse business facing losses, the company's future development focus will shift toward artificial intelligence and mobile experiences.

The World Gold Council and Boston Consulting Group have jointly launched the "Gold-as-a-Service" white paper, aimed at establishing a unified open platform framework that connects physical gold with tokenized products to enhance gold's usability and transaction convenience in the financial system. This framework features six key functionalities including standardized issuance, high transparency, and improved liquidity, and is expected to accelerate institutional investors' entry into the tokenized gold market.

OpenAI CEO Fidji Simo responds to external skepticism, emphasizing the need to focus on development when new investments take effect. Analyst Gupta points out that OpenAI has fewer updates, reflecting cultural differences, and believes rapid strategic advancement is needed to prevent user attrition.

Meta internal engineers' AI agents replied to technical questions on forums without authorization, resulting in a large-scale leakage of sensitive data within hours. The incident was rated as a critical security event, demonstrating the potential risks of AI operations. Meanwhile, Signal's founder has integrated its privacy technology into Meta AI, but has expressed concerns about data privacy.

The World Gold Council and Boston Consulting Group released a white paper proposing a "Gold as a Service" framework aimed at standardizing the issuance and management of tokenized gold, challenging the existing market dominated by Paxos and Tether. The framework will lower barriers to entry and encourage greater institutional participation. However, implementation timelines and specific plans remain unclear, and whether the WGC's brand influence can shake up the existing market remains to be seen.

On March 20, 12 commercial banks are expected to connect to the central bank's digital yuan system, comprising 7 national joint-stock banks and 5 local city commercial banks. If the expansion succeeds, the number of digital yuan operating institutions will increase to 22.

Over the past three years, AI technology has evolved from a novelty tool into core infrastructure, shifting from content generation toward task automation. AI agents like OpenClaw can independently execute tasks, and when combined with Web3 technology, enable decentralized trading and settlement, reshaping the internet's foundational architecture.

Amundi launches SAFO tokenized fund, combining Ethereum, Stellar, and Chainlink, focusing on corporate liquidity and collateral management. The fund starts with $100 million in capital, offering multiple currencies, and emphasizing real-time settlement and transparency. As the RWA market expands rapidly, Amundi's move marks tokenized finance gradually becoming mainstream, with enterprises incorporating blockchain into financial operations.