Gate News reports that on March 29, the Canadian government introduced the "Strengthening Democracy Act" (Bill C-25) on March 26, which aims to prohibit political donations to parties and candidates in the form of cryptocurrencies, money orders, and prepaid cards. The government stated that such assets have pseudo-anonymity, making it difficult to verify the identity of donors, which poses risks to electoral integrity. The bill is currently in the first reading stage in the House of Commons. Previously, the UK also announced a suspension of accepting political donations in cryptocurrency.

U.S. Senator Cynthia Lummis stated that the latest revision of the CLARITY Act will provide important protections for DeFi and developers, urging for the bill to be passed as soon as possible. Although adjustments were made to the terms to avoid misclassifying non-custodial developers as financial institutions, there are still disagreements within the industry regarding stablecoin yields and developer protections. The bill is expected to enter the review stage in April.

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.

Bitcoin recently dropped below $70,000, with technical indicators showing that the bear market is nearing an end. On-chain data indicates that 40% of Bitcoin is in loss, and the fear and greed index has fallen to extreme fear levels. The key support level is at $64,000, and resistance is at $72,000. It is expected that more time or new capital inflows will be needed to alleviate the current losses.

Gate News reported that on March 25, venture capital firm Kleiner Perkins announced it has raised $3.5 billion to support artificial intelligence market investments. The fundraising includes $1 billion raised by its KP22 fund, along with $2.5 billion for investing in growth-stage companies. Kleiner Perkins stated that current market fundamentals are favorable for expanding investment scale, market development is still in its early stage, and artificial intelligence is helping today's startups iterate and develop at an unprecedented pace.

Cursor released the Composer 2 technical report, introducing a complete training solution for its Kimi K2.5 MoE architecture, including two-stage training and a proprietary benchmark called CursorBench. After training, Composer 2 demonstrated significant performance improvements and outperformed other cutting-edge models in terms of inference costs.

Gate News reported that on March 25, venture capital firm Kleiner Perkins announced it has raised $3.5 billion to support the artificial intelligence market. This fundraising includes $1 billion raised by its KP22 fund, as well as $2.5 billion for investing in growth-stage companies. Kleiner Perkins stated that current market fundamentals are favorable for scaling up investment, the market development is still in an early stage, and artificial intelligence is helping today's startups iterate and develop at an unprecedented pace.

YZi Labs announced on March 24th the launch of the Atlas Scout program, aiming to recruit 5 to 10 students from top universities worldwide to manage investment projects. The program offers up to $1 million in funding support for early-stage projects in the Web3, AI, and biotechnology sectors, including institutions such as Stanford and Harvard. Participating students will receive rights such as investment decision-making authority, travel support, and access to resources.

The latest draft of the CLARITY Act, being advanced by the U.S. Senate, prohibits stablecoin service platforms from offering yield to holders, which could impact the business models of stablecoins. While the draft allows certain rewards unrelated to account balances, the vague "economic equivalence" provision has sparked market concerns. The act is expected to enter the review stage in April and will have far-reaching implications for the crypto industry.

Franklin Templeton holds a significant position in XRP due to its practical utility needs in cross-border payments and tokenization markets. The company's launch of an XRP ETF and supporting legal frameworks demonstrate institutional gradual adoption of crypto assets. Despite recent price declines, whales continue to accumulate, market sentiment is warming, and XRP is expected to stage a rebound.