Project Progress

Western Union recently launched USDPT, a dollar-backed stablecoin on Solana, issued by Anchorage Digital Bank. The stablecoin enables 24/7 settlement between Western Union and its agents and partners.

SoFi Technologies announced on Tuesday that it will begin issuing its SoFiUSD stablecoin on Solana. Ben Reynolds, SoFi's head of big business banking, said the chain is optimal for payments due to lower costs, faster settlement speeds, and higher throughput. SoFiUSD, a fully reserved U.S. dollar sta

Bullish, a U.S. virtual asset platform, announced on the 5th (local time) that it has entered into a final agreement to acquire Equiniti, a global securities transfer agent and shareholder services provider, for $4.2 billion (approximately 6 trillion KRW), marking its formal entry into tokenized sec

Speaking at Consensus Miami 2026, Solana co-founder Yakovenko said the 'Alpenglow' upgrade could go live as early as next quarter, with a full rollout expected later this year.

According to Forbes, Bitcoin mining company GoMining announced on May 5 the launch of GoBTC, a payment protocol designed to leverage its mining pool's block production capacity (approximately 2-4 blocks daily) to settle transactions directly on the Bitcoin mainchain. The system aims to reduce

According to ChainCatcher, Hyperliquid is currently testing new event contracts on its testnet, including 15-minute crypto price movement markets for bullish and bearish outcomes.

According to a BusinessWire announcement on Tuesday, State Street and Galaxy launched the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized investment vehicle designed to convert stablecoins into yield-bearing assets for 24/7 onchain cash management. The fund launched on Solana w

According to BlockBeats, Jito Labs announced on May 5 that it will launch JTX, a consumer-focused cryptocurrency trading application, in July 2026, marking its expansion from infrastructure to frontend trading services. JTX will initially support spot trading on Solana, with perpetual futures and p

According to DL News, Uniswap DAO is voting on a proposal to reclaim approximately 12.5 million UNI tokens (worth around $42 million) that were previously delegated to representatives and the foundation. The vote concludes on May 8, with current results showing 53% in favor, 46% abstaining, and

According to WSJ, MicroAlgo Inc. announced a quantum blockchain architecture on May 5 that integrates quantum key distribution (QKD) and quantum-safe channels (QSC) to enhance transaction security and transparency. The system features a four-layer design spanning quantum communication, blockchain co

According to ChainCatcher, Somnia L1 blockchain announced the launch of its ecosystem stablecoin USDso, issued and operated by decentralized stablecoin protocol Frax Finance based on frxUSD architecture. USDso operates under an over-collateralized model backed by U.S. Treasury securities and

According to ChainCatcher, three addresses associated with Multicoin Capital staked a combined 82.02 million HYPE to HyperCore today. One of the addresses transferred 28.45 million HYPE worth of tokens into the protocol for

According to The Block, Cipher Digital reported a net loss of $114 million in the first quarter of 2026, more than double the $39 million loss in Q1 2025, as the bitcoin miner accelerates its shift toward AI infrastructure. Bitcoin mining revenue fell to $35 million from $49 million year-over-year,

According to the Ethereum Foundation, the Glamsterdam upgrade is expected to roll out to mainnet around June 2026, with the block gas limit increasing from 60 million to 200 million. Development is accelerating, with core objectives largely achieved, including raising the minimum consensus limit

Shopify and National Bank of Canada are among backers of Tetra Trust's new stablecoin, CADD, designed for institutional use in 24/7 cross-border settlement and real-time corporate treasury operations. Product Overview CADD is positioned as a replacement for legacy batch settlement systems. The st

According to Benchmark analyst Mark Palmer in a Monday note, Exodus Movement has crossed a critical threshold as it pivots from a self-custody wallet provider to a crypto payments platform. Palmer reiterated a Buy rating with a $21

South Korea's largest crypto exchange Upbit has partnered with Optimism Foundation to build a new Ethereum Layer 2 blockchain called GIWA Chain using the OP Stack, according to an announcement on Monday. Upbit will operate the chain itself while the Optimism Foundation provides technical support.

According to official statement, Phi, an on-chain identity project, will cease operations on May 25. The phi.box service and related offerings will shut down, though PHI tokens will remain tradable on Aerodrome. The team cited resource constraints following earlier restructuring efforts as the

According to BlockBeats, Tydro, a lending protocol in the Ink ecosystem, suspended all markets on May 5 following a third-party oracle issue report. The team confirmed user funds remain safe and is actively investigating the