Project Progress

Solana-based decentralized exchange Raydium confirmed an exploit targeting its legacy AMM V3 program removed roughly $1.34 million in assets from inactive liquidity pools. The attack affected RAY-SOL, USDC-RAY, and SRM-RAY pairs, draining approximately 150,000 RAY, 5,600 SOL, and nearly 900,000 USDC

Zcash founder Zooko Wilcox stated that the proposed Ironwood upgrade will enable users to verify ZEC's circulating supply from the first block of activation without relying on developers or auditors. The statement addresses community concerns following disclosure of a recently remediated Orchard

According to Zooko Wilcox, founder of Zcash, the proposed Ironwood upgrade will enable users to trustlessly verify the ZEC circulating supply on Day One of its activation, addressing concerns following a recently remediated Orchard vulnerability. Wilcox stated in an X post and Zcash Community

Stellar Development Foundation released its Quantum Preparedness Plan, a phased roadmap to migrate the entire network to quantum-safe cryptography by the end of 2027. The plan addresses the threat posed by Shor's algorithm, which sufficiently advanced quantum computers could use to crack elliptic

According to the Stellar Development Foundation, on June 9, the blockchain network revealed its Quantum Preparedness Plan, a phased roadmap to migrate the entire network to quantum-safe cryptography by the end of 2027. The rollout is structured in three stages. Starting in 2026, post-quantum

According to BlockBeats, on June 11, Raydium confirmed that its legacy AMM V3 pools suffered an unauthorized liquidity removal attack, resulting in losses of approximately $1.34 million across five pools: Sollet USDT-RAY, Sollet ETH-RAY, SRM-RAY, USDC-RAY, and RAY-SOL. The attack drained

Botanix, a Bitcoin Layer-2 project focused on decentralized finance solutions, announced it will cease operations on July 9, 2026. The team stated the business model is not sustainable under current market conditions, as Bitcoin-based DeFi applications have not achieved expected user adoption and de

Consensys CEO Joseph Lubin said Ethereum could become a fully zero-knowledge proof-based protocol in 3 to 5 years during an interview with The Block. Lubin argued that scaling Ethereum's base layer through initiatives like Lean Ethereum—a long-term plan to simplify the mainchain using zero-knowledge

According to Foresight News, Hypercore has launched on NEAR Intents, allowing users to enable Hypercore for USDC deposits from any blockchain directly through the platform interface.

According to Consensys CEO Joseph Lubin, Ethereum will evolve into a fully zero-knowledge proof-based protocol within 3 to 5 years, enhancing composability between the mainchain and Layer 2 solutions. Lubin supports a "Rollup-centric roadmap" and highlighted the "Lean Ethereum" initiative, which

According to The Block, Fold Holdings on June 10 sold approximately $45 million worth of Bitcoin at an average price of $71,000 per BTC. The company used $20 million of the proceeds to fully repay its Bitcoin-backed loan and allocated the remaining $25 million for business expansion, including

Fold Holdings announced Wednesday it eliminated all secured debt by selling approximately $45 million in Bitcoin. The Phoenix-based fintech used $20 million to retire Bitcoin-collateralized obligations and redirected $25 million to growth. CEO Will Reeves said the move reduces financing risk and pro

According to Foresight News, the zero-knowledge proof (ZK) blockchain Hyli announced its shutdown. Despite achieving several technical milestones over the past two years, including building a full-node client from scratch and implementing Byzantine Fault Tolerant consensus, the team decided to

Curve Finance launched Llamalend v2 on Optimism on Tuesday, marking the initial phase of a major upgrade to its lending infrastructure. The deployment is supported by a 250,000 OP token grant (~$50,000) from the Optimism Foundation and precedes a planned Ethereum mainnet release. The upgrade

According to ChainCatcher, Ripple unveiled a toolkit this week enabling developers to build agent payment applications on XRP Ledger, allowing AI agents to autonomously execute financial transactions without human intervention. The toolkit supports payments via the x402 protocol and settlement in XR

Frax Finance founder Sam Kazemian announced a token burn plan for FRAX and assessed the future of the FRAXUSD stablecoin, stating the licensing process under the Genius Act will be fully operational in Q1 2027. Kazemian stated Frax Finance aims for FRAXUSD to be one of the first compliant Genius