On-chain private credit lending platform Valinor completed a $25.0 million seed round, led by Castle Island Ventures. The platform improves the efficiency of the credit process through smart contracts and focuses on lending to crypto companies, marking a new phase of real-world operations. Private credit is moving toward the blockchain, but Valinor still needs to address challenges such as smart-contract verification and trust in traditional capital.

According to SoSoValue data, on March 30, the U.S. spot XRP ETF saw a single-day net outflow of $2.3075 million, mainly from the Grayscale XRP Trust ETF (GXRP). The spot ETF’s total net asset value was $929 million, and its historical cumulative net inflows reached $1.209 billion.

Gate News report, on March 30, according to Gate market data, as of the time of writing, ONT (Ontology) is currently priced at $0.07345, having increased by 19.09% in the last 24 hours, with a high of $0.09423 and a low of $0.05673, and a 24-hour trading volume of $1,385,500. The current market cap is approximately $68.6214 million. Ontology is a next-generation public blockchain project and distributed trust collaboration platform, including a complete distributed ledger and smart contract system support. The Ontology architecture supports public chain network systems, providing not only basic public chain services but also supporting the customization of different public chains for various applications through the Ontology blockchain framework, and facilitating chain network collaboration through different protocol groups. On top of the foundational layer, Ontology will continue to provide various distributed applications.

BIT hosted the "Trust in Digital Finance" event in Singapore, discussing governance, compliance, and operational issues in the digital asset industry. The co-founder emphasized that the approval of a Bitcoin ETF will promote the institutionalization process, with increased market demands for infrastructure. The event revolved around the "Trust White Paper," discussing frameworks for risk governance and implementation. BIT, as a digital asset financial services group, is committed to bridging traditional and digital finance, with assets under management exceeding $6 billion.

On March 28, ZKsync founder Alex Gluchowski responded to the Canton Network team's doubts about zero-knowledge proofs, emphasizing that technical flaws do not equate to unusability, and pointed out that Canton lacks effective cryptographic verification, which can lead to system risks. He believes that Ethereum's security is higher than that of closed systems, with the key being the system's redundancy and risk isolation capabilities.

California Governor Gavin Newsom signed an executive order prohibiting state-appointed officials from profiting in prediction markets using non-public information, emphasizing the maintenance of government integrity and public trust, and criticizing recent insider trading issues among internal personnel.

WHITEWHALE plummeted over 55% in a short period, with its market cap dropping to less than $15 million, due to uncertainty in the market triggered by the announcement of a key promoter's exit. The surge in trading volume indicates panic selling, significantly highlighting the risks associated with the project's reliance on a single core individual. This incident underscores the fragility of liquidity and consensus in the meme coin market, and investors need to pay attention to project governance and the stability of participants.

Trust Wallet is accelerating its expansion into the AI field by launching the Trust Wallet Agent Kit, which allows authorized AI agents to perform on-chain operations on behalf of users, transforming crypto wallets from "storage tools" into "smart execution gateways." This tool supports a multi-chain ecosystem, enhancing the automated decision-making capabilities of Web3 applications, enabling users to set strategies for automatic execution by the system. In the future, an agent marketplace will be launched to further promote the platformization of the wallet ecosystem.

Trust Wallet has released the Trust Wallet Agent Kit (TWAK), which supports executing token trades and other actions across multiple chains, and offers two modes: automation and suggestions. CEO Felix Fan said TWAK is designed to simplify the user experience, and that it will integrate more AI features in the future and launch an agent strategy marketplace.

In Musk's lawsuit against OpenAI and Microsoft for breach of charitable trust, a judge ruled that economist Wazzan can testify and calculate that Microsoft could potentially owe compensation of up to $25 billion if found in violation. Musk's side is seeking $134 billion in damages and has pledged to donate the settlement if they win. The case is scheduled for trial on April 28.