The Flow Foundation has burned 50,343,896.87 tokens today, worth approximately $1.75 million.

Avantis launches AVNT token buyback and burn plan, with 30% of trading revenue used for buybacks

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.

Wells Fargo files trademark application for WFUSD with the U.S. Patent and Trademark Office, involving crypto payments and asset tokenization

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.

Ferra Early Deployment Guide: Sexy Sui Chain, Distributing Rewards Online

Ferra is an all-in-one DEX on the Sui blockchain, utilizing a dynamic liquidity layer and multiple AMM engines. It has completed $2 million in funding. Users can earn points through liquidity mining and trading to participate in airdrops. The project is simple and easy to operate, with low early participation costs and strong growth potential.

Backpack is scheduled for around March 23rd TGE, the exact date will be announced tomorrow.

Backpack CEO Armani Ferrante announced during a Twitch live stream on March 11 that the token TGE is expected around March 23, with the exact date to be announced on March 12. Polymarket data shows a 100% probability that Backpack TGE will occur before the end of December and a 93% probability before the end of March.

Across Protocol initiates a temperature check proposal to explore transformation into a U.S. C-class company and equity structure

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.

Osmosis proposes to migrate governance to Cosmos Hub, and OSMO will be converted to ATOM within 6 months.

Osmosis plans to migrate its DEX to Cosmos Hub. If approved, native liquidity, governance, and security will be unified. Circulating OSMO will be converted to ATOM at a specific ratio within 6 months, without affecting existing staking emissions. Unclaimed ATOM will be returned to the community pool.