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Illustration of Arc 104's Web3 Business Partners: Circle Builds a "New Clearing Network" for the Stablecoin Era

The Web3 asset data platform RootData has outlined 104 partners of Arc, covering six core sectors: asset issuance, infrastructure, developer tools, trading, financial services, and payments. Compared to most public chains that first develop a developer ecosystem and then seek commercialization scenarios, Arc's path is clearly more aligned with the real financial circulation network. At the asset issuance level, stablecoin issuers such as AllUnity, BDACS, Bitso/Juno, and Stablecorp, as well as tokenized asset players like Centrifuge, Securitize, and WisdomTree have entered the scene, indicating that Arc prioritizes solving the "on-chain asset supply" issue, bringing dollars, bonds, and securities onto the chain. At the infrastructure level, partners like Blockdaemon, Chainalysis, Elliptic, QuickNode, and DRPC provide node services, compliance analysis, and on-chain data support. This means Arc is preparing for institutional funds, rather than following the typical Crypto public chain model of "growth first, compliance later." At the developer tools level, partners such as Axelar, Wormhole, Chainlink, MetaMask, Fireblocks, Privy, Alchemy, LayerZero, and TRM Labs are concentrated, essentially lowering the migration costs for institutions and developers, allowing funds, wallets, cross-chain, and compliance tools to be directly in place. At the trading level, institutions like Coinbase, Bybit, Kraken, Robinhood, Galaxy Digital, and B2C2 are responsible for secondary market liquidity and price discovery. The payment layer is heavily integrated by Visa, Mastercard, PhotonPay, Nuvei, EBANX, and Ramp. At the financial services level, firms like BlackRock, Goldman Sachs, HSBC, State Street, Aave, Maple Finance, Morpho, and BitGo are appearing simultaneously, indicating that Arc has begun to bridge traditional banking, on-chain lending, and custody systems. On the surface, Arc appears to be a new public chain, but from an ecological structure perspective, it will serve as the new financial infrastructure for the Circle stablecoin era, directly emphasizing USDC gas fees, sub-second final settlement, compliance privacy, and native CCTP integration, aiming to directly penetrate real capital flows and attempt to become SWIFT + Stripe + DTCC. Related compilation: Arc Web3 Partner Network Compilation (continuously updated) Cryptocurrency projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 projects to claim their information and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple editions of the cryptocurrency project ecosystem map, nominating Web3 ecosystem partners for upstream clients like Visa, Mastercard, and Coinbase. If you wish to nominate your project in future ecosystem maps, please fill out the [RootData 2026 Industry Ecosystem Mapping] form to supplement your important clients and partners.

Forward Industries' revenue increased by 319% year-on-year, but the impairment of SOL holdings dragged down performance, resulting in an expanded quarterly loss

Forward Industries, a Solana treasury company, announced its quarterly financial report for the period ending March 31, 2026, showing a year-on-year revenue increase of 319% to $13 million. However, due to the decline in the fair value of crypto assets, net losses widened to $283.1 million.The company stated that the growth this quarter was mainly driven by increased staking rewards from Solana (SOL). However, during the same period, it recorded a digital asset loss of $201.7 million and an asset impairment of $85.1 million, primarily due to the price volatility of SOL leading to a decrease in the valuation of holdings.The financial report indicated that the company held approximately 7.04 million SOL during the quarter and earned about 201,200 SOL in rewards through staking, with nearly all SOL assets being staked. Solana fell approximately 33.7% during the reporting period, closing at $82.44. Price volatility is considered the core factor dragging down financial performance.Additionally, Forward Industries signed a loan agreement with Galaxy Digital in March and drew the first tranche of $40 million in financing, using fwdSOL as collateral, with a comprehensive annual interest rate of about 3.4%. The company stated that this financing is used to optimize its liquidity structure.Company management indicated that they have adjusted the balance sheet through cost reductions, debt instruments, and stock buybacks to cope with market volatility and enhance long-term value. Despite a significant widening of quarterly losses, the company's stock price slightly declined in after-hours trading following the financial report, but it still recorded a monthly increase recently.

Gate Europe CEO Giovanni Cunti appeared at the Digital Assets Forum 2026, discussing the opportunities and challenges of MiCA with industry executives

According to official news, Gate Europe CEO Giovanni Cunti attended the Digital Assets Forum 2026 held in Malta on May 14 and participated in a roundtable discussion titled "Do We Need a MiCA 2.0? The Industry's Perspective," alongside OKX CEO Erald Ghoos, Crypto.com Executive Vice President Mariana Kushev, and Blockchain.com Non-Executive Director and European Policy Advisor Giles Swan. They discussed the regulatory practices, industry opportunities, and future development directions of the European crypto industry following the implementation of MiCA.Giovanni shared the phased achievements of Gate Europe in advancing the compliance process in Europe, as well as the challenges and opportunities the industry faces under the MiCA framework. He stated that Gate will continue to be at the forefront of compliant crypto asset service providers in Europe and actively promote the standardized development of the industry.As an important forum focusing on European digital asset regulation and industry trends, the Digital Assets Forum 2026 gathered regulators, industry executives, and practitioners to review the key progress made in the 18 months since the implementation of MiCA. Currently, Gate's Malta company, Gate Europe, has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA). As the European digital asset regulatory framework matures, Gate is deepening its compliance layout in the European market and enhancing its influence in the global digital asset industry through active participation in industry dialogue and regulatory practices.

Gate released the April private wealth management report: ETF capital drives market recovery, highlighting the robustness of platform quantitative strategies

Gate released the private wealth management report for April 2026. The report indicates that the overall cryptocurrency market is showing a strong fluctuation due to the continuous inflow of ETF funds and expectations of interest rate cuts. In April, BTC and ETH rose approximately 11.9% and 7.3%, respectively. Among them, the net inflow of BTC ETF reached $2.44 billion in a single month, setting a new high in nearly six months, and the total management scale surpassed $100 billion for the first time, indicating a significant rebound in market risk appetite.In terms of product performance, the overall annualized return of Gate's private wealth USDT strategy is approximately 5.6%, continuing its steady performance. The "Interstellar Hedge (USDT)" has achieved a cumulative return of 18.2%, with all 22 cycles generating positive returns, achieving a win rate of 100%; the "Star Core Intelligent Investment (USDT)" has reached a maximum return rate of 9.5% in the past year; the "Gravitational Hedge (USDT)" has maintained a win rate of 100% for two consecutive years, with a maximum drawdown of only 0.01%, demonstrating outstanding risk control capability. Overall, the historical maximum drawdown of each strategy is generally controlled within 0.9%.Looking ahead, the report points out that the BTC RHODL ratio has risen to 4.5, the third highest level in history, while exchange reserves have fallen to a seven-year low, indicating an enhanced trend of long-term holding and continued supply contraction, with a generally optimistic outlook for the medium to long-term market.

JPMorgan: Without stronger network activity, Ethereum and altcoins may continue to underperform Bitcoin

JPMorgan analysts pointed out in their latest report that although the overall cryptocurrency market has recovered after the Iran conflict, Ethereum and other altcoins continue to underperform compared to Bitcoin. The analyst team led by Managing Director Nikolaos Panigirtzoglou stated that this trend, which began in 2023, "is unlikely to change unless we see meaningful improvements in network activity, DeFi, and real-world applications."The analysts noted that since the conflict triggered a market sell-off, Bitcoin's recovery in spot ETF fund flows and institutional futures positions has outperformed Ethereum. The spot Bitcoin ETF has recovered about two-thirds of the previous outflows, while the spot Ethereum ETF has only recovered about one-third. CME futures positions also indicate that institutional investors are rebuilding their Bitcoin exposure more aggressively than Ethereum.Regarding the upcoming Ethereum upgrades (Glamsterdam and Hegota), analysts questioned whether they would be sufficient to improve ETH's relative performance. Upgrades over the past three years have primarily reduced Layer 2 transaction costs, which has weakened the Ethereum network's fee generation and token burn mechanisms, leading to an accelerated net supply growth and weakened price support. Whether the new upgrades can generate enough new demand and network activity remains to be seen.For altcoins, analysts believe that since 2023, weak liquidity conditions, low market depth and breadth, limited growth in DeFi activity, and recurring hacking and security incidents have collectively eroded market confidence and hindered the deployment of new capital.
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