Project Progress

The Cardano Foundation confirmed on Saturday that its proposed Cardano Summit 2026 will not proceed after an onchain vote to fund the event from the network's treasury failed to pass. Voting closed Friday, May 29, on a revised proposal seeking 7.8 million ADA, worth roughly $2 million, to stage a tw

According to the Cardano Foundation, on Saturday, May 30, the foundation cancelled Cardano Summit 2026 after an onchain vote to fund the event failed to secure sufficient support. The proposal sought 7.8 million ADA (approximately $2 million) to stage a two-day summit in Singapore on October 5-6. T

Flare Network co-founder Hugo Philion argued that XRP's role in crypto extends beyond payments into decentralized finance collateral applications in the XRP in One Minute segment. Philion stated XRP can evolve into a productive collateral asset capable of unlocking yield-generating opportunities

According to a Coindesk report cited by PANews on May 30, Grayscale released a report stating that decentralized trading platform Hyperliquid could become a "financial services giant" and challenge traditional derivatives and exchange markets through blockchain infrastructure. Hyperliquid, founded l

According to Josh, DeFi Engineering VP at Polymarket, the platform's perpetual futures testing is now live. Users interested in joining the testing must provide feedback on UI improvements and pain points. Polymarket has paused adding new testers but may reopen limited slots for participation in the

According to Odaily, Lana AI has launched Phase 2 strategy testing with 20,000 USDT as the starting capital. The update introduces U.S. stock trading strategy alongside existing cryptocurrency trading strategies to test cross-market trading models. Phase 1 testing began with 100 USDT, grew to a

The Ethereum ecosystem has experimented with multiple public goods funding mechanisms since the spring 2014 Heartbleed incident exposed chronic underfunding of critical open-source infrastructure. The bug in OpenSSL, which secured half the internet's encrypted communications, revealed the library's

According to BlockBeats, Aave released its investigation on May 31 into the April 18 rsETH incident. The LayerZero V2 cross-chain bridge operated by liquid staking protocol Kelp accepted a forged message during a cross-chain transfer from Unichain to Ethereum, causing the Ethereum-side adapter to re

According to Foresight News, MegaETH has completed its Terminal Program and finalized points settlement. The Wallet Delegation feature is now live, allowing users to select a wallet address for reward distribution before June 10. After that date, all profile modifications and reward wallet

According to Foresight News, Zama founder Rand disclosed overnight that the cUSDC contract freeze stems from a $12.5 million USDC deposit made by a hacker address connected to Overnight Finance. The address was not flagged by sanctions lists or KYT tools at deposit time; however, a U.S. court

According to Grayscale's latest report, Hyperliquid generated approximately $800 million in revenue and processed $2.9 trillion in perpetual contract trading volume in 2025, with open interest reaching $7 billion. The decentralized exchange is expanding beyond crypto derivatives into tokenized

Crypto market intelligence firm Messari released its State of XRP Q1 2026 report, showing XRP is evolving from a bridge asset into a utility token within institutional DeFi on the XRP Ledger (XRPL). The shift is driven by upcoming protocol features like native lending and growing institutional

According to Sui's official statement, Sui mainnet experienced a network halt on May 30, with current network activity potentially suspended. The Sui Core team is actively investigating the issue and will share updates as soon as available. This follows a previous recovery earlier today from a netw

According to PANews, on May 30, the Zcash Foundation released Zebra 4.5.0, an emergency node client update addressing multiple security vulnerabilities. The release includes fixes for a consensus-critical bug in P2SH script parsing that could trigger a fork with zcashd, as well as

According to Zama, on May 30, Circle's compliance system marked an external depositor's wallet, triggering a contract-wide freeze of cUSDC as collateral damage. Zama clarified the freeze does not target the protocol itself. The company's legal team is isolating the flagged

Circle released a post-quantum security whitepaper for its Arc blockchain ecosystem, outlining a phased strategy to protect digital assets from future quantum computing threats. On May 29, Circle's Arc account announced the whitepaper alongside news that decentralized finance platform Aave is

CiDi Games, a Pi Network Ventures portfolio company, officially launched its beta platform within the Pi Browser with 10 instantly accessible games, attracting over 81,000 Pioneers across 160+ regions within less than a week. The platform generated more than 1.2 million game sessions and 21,000

According to Heima, the cross-chain abstraction layer project opened a community vote on May 30 on a proposal to destroy 16.5 million HEI tokens from ecosystem allocation. The foundation has voted in favor of the proposal, though the final decision rests with the community. The token burn aims to en