Gate News reports that on March 11, the whale address "pension-usdt.eth" made its first move into traditional assets, going long on CL crude oil futures near $87, with an increased position to $2.54 million and a floating profit of $1,500. This is its first foray into the RWA sector, having previously mainly traded BTC and ETH.

Gate News Report, March 11 — According to Gate Market Data, at the time of press, RIVER (River) is trading at $14.80, up 32.12% in the past 24 hours. The price reached a high of $21.59 and a low of $10.67. The 24-hour trading volume is $51.1 million. The current market capitalization is approximately $290 million, an increase of $70.5 million from yesterday. ## Important Recent News about RIVER: 1️⃣ **On-Chain Infrastructure Financing Drives Growth** TRON DAO Ventures has provided $8 million in funding to River to support the expansion of its on-chain abstraction infrastructure within the TRON ecosystem. This move indicates that River’s strategic value as a cross-chain liquidity connection solution has been recognized by leading public chain ecosystems, supporting the project’s long-term development.

Ripple plans to apply for a financial services license in Australia through the acquisition of BC Payments to expand its cross-border payment business. Fiona Murray stated that the Australian market is important, and obtaining the license will enhance business capabilities. Ripple already holds 75 licenses worldwide and predicts that the Asia-Pacific payment transaction volume will double. Meanwhile, retail investors dominate the demand in the XRP market, ETF asset management scale remains stable, and institutional investors participate less, forming a "dual-track development" pattern between institutions and retail investors.

Gate News Announcement, March 11 — According to official sources, stablecoin issuer Circle (CRCL) announced that starting March 9, the native USDC and its cross-chain transfer protocol (CCTP) are officially live on EDGE Chain. This integration will bring fully regulated, USD-backed stablecoins directly into the EDGE Chain ecosystem, offering seamless cross-chain functionality and eliminating the need for wrapped or bridged assets.

By February 2026, the monthly trading volume of stablecoins reached $1.8 trillion, with USDC surpassing USDT for the first time, indicating institutional preference for compliant dollar facilities. Circle used USDC to complete a rapid cross-border settlement of $68 million, and investment institutions are optimistic about its prospects, rating it as outperforming the market. Competitive pressure comes from Tether, PayPal, and Stripe.

Ripple seeks to obtain an Australian financial services license through the acquisition of BC Payments, promoting the development of cross-border payment services in the Asia-Pacific region. If the application is successful, it will enhance its competitiveness in the local market, streamline transaction processes, and reduce reliance on intermediaries. This move could drive the adoption of blockchain payment technology within regulated financial systems, but market competition remains intense, and friction still exists between traditional financial systems and crypto services.

Gate News Update, March 11: According to Gate market data, as of press time, ICX (ICON) is trading at $0.04, up 24.29% in the past 24 hours. The highest price reached $0.04, while the lowest dropped to $0.03. The current market capitalization is approximately $47.8 million, an increase of $9.35 million from yesterday. ICON is an interoperability layer that helps teams and developers build successful cross-chain applications. ICON offers a universal messaging (xCall) framework that can be deployed on any protocol, enabling applications to operate seamlessly across multiple blockchains. Currently, ICON is connected to several blockchains, including Ethereum, Injective, BNB Chain, Archway, and Neutron.

Gate News Announcement, March 11: Huawei has launched Xiaoyi Claw based on HarmonyOS, currently in beta version. Xiaoyi Claw can assist users with tasks such as document editing, creating PPTs, and automatically replying to emails, supporting multi-device collaboration and presetting various personalities. Previously, Huawei Xiaoyi Open Platform added the OpenClaw mode.

SEC Chairman Paul Atkins stated that the SEC and CFTC are drafting a memorandum of understanding to strengthen cooperation, enhance regulatory coordination, and prevent companies from being subjected to dual regulation. The two agencies will handle product applications through joint meetings and a new website, and promote the development of "super apps" to enable users to conveniently complete cross-agency transactions.

Polymarket is hiring Palantir Technologies and TWG AI to strengthen oversight of its sports contract trading, aiming to identify and prevent suspicious activities. This move comes amid increased regulation of prediction markets, with a focus on screening participants and cross-referencing banned lists.