Pi Network will advance the mainnet's second phase migration after Pi Day in 2026, with over 119,000 users participating. This upgrade allows users who have completed KYC verification to transfer referral rewards, accelerating identity verification. The system calculates mining and referral data one by one to ensure fair distribution. Users must enable two-factor authentication to transfer assets. The platform is also expanding application scenarios, shifting its focus from user growth to ecosystem development.

The Pi Network ecosystem has entered a critical stage of advancement, with over 119,000 users completing the second migration, marking progress in the mainnet expansion. Despite increased user activity, the number of PI on trading platforms has risen, and holders tend to circulate in the market, causing price pressure. The current price is about $0.18, down 94% from its peak. Future trends will depend on application implementation and real demand.

Greeks.live released the options expiration data for March 27: 68,000 BTC and 370,000 ETH options expired, with a Put Call Ratio of 0.56 for both, and the maximum pain points were $74,000 and $2,250 respectively. Despite the volatility, Bitcoin trading activity remains low, market confidence is lacking, and expectations for improvement in the second quarter are present.

On March 27, the fully homomorphic encryption project Zama announced the winners of the first season of the developer plan mainnet, divided into the Builder track and the Bounty track, with a total of 8 projects winning, and the second season is about to commence.

Ethereum developers decided at the meeting to mark Frame Transactions as "consideration for inclusion" rather than a core proposal. The Hegota upgrade is expected to be launched in the second half of 2026, with the first core proposal being FOCIL. Although supported by Vitalik Buterin and others, it faced opposition due to complexity issues.

The trading volume of mainstream Perp DEX platforms has generally declined, but open interest remains high. Hyperliquid's 24-hour trading volume is $7.03 billion, while EdgeX and Aster are at $3.03 billion and $2.03 billion, respectively.

The New York Stock Exchange has confirmed that Morgan Stanley's spot Bitcoin ETF is upcoming, making it the first directly issued spot Bitcoin ETF by a major U.S. bank. Morgan Stanley's transition to an issuer could increase management fee revenue. Compared to BlackRock's IBIT, MSBT has a competitive edge in distribution and fees. Although approval from the U.S. Securities and Exchange Commission is still pending, the results are expected to be announced between mid-year and the second half of the year. If successfully launched, MSBT could significantly change the market landscape.

Gate News bot message, A whale trader on HyperLiquid faced liquidation of $125.7K on a long position of 2,647 ETH valued at $5.59M. The whale had deposited 729K USDC and transferred an additional $500K from a second account over the past 3 days.

SK Hynix has submitted a listing application to U.S. securities regulators, planning to go public on the U.S. stock market in the second half of 2026, with a fundraising target between $9.6 billion and $14.4 billion. The listing aims to enhance the company's global value, with proceeds earmarked for domestic and international chip factory construction; however, it faces opposition from governance forums regarding shareholder equity dilution.

Gate News – On March 26, according to Gate market data, as of press time, MON (Monad) is trading at $0.02658, up 13.53% in the last 24 hours, reaching a high of $0.02732 and a low of $0.02278. The 24-hour trading volume has reached $5.3128 million. The current market capitalization is approximately $288 million, ranking 156th globally. Monad is building a high-performance Layer 1 blockchain for the next generation of decentralized applications. As an Ethereum-compatible high-performance chain, Monad offers 10,000 TPS, sub-second finality, low fees, and scalable decentralization. Monad's mission is to create a blockchain that is 100 to 1,000 times faster than its closest competitors.