Project Progress

Hong Kong's first officially approved stablecoin, tracked under the ticker HKDAP and operating under Hong Kong Monetary Authority oversight, has completed its initial mainnet transmission sequence on the Ethereum blockchain. The test involved a consortium of licensed regional institutions

THORChain node operators are voting on ADR028, a recovery plan that would restart the network after a $10.7 million exploit without minting new RUNE. Summary THORChain's ADR028 plan would use protocol-owned liquidity first before sharing remaining losses with synth holders. The proposal

According to ChainCatcher, OneBullEx rebranded as The AI Futures Exchange on May 22, with its automated strategy marketplace 300 SPARTANS now live and AI strategy generation platform OneALPHA entering beta testing. The platform operates on a three-layer architecture comprising contract trading

On May 22, Anchorpoint Financial, OSL Group, and PantherTrade completed an Ethereum mainnet transfer test of HKDAP, Hong Kong's first licensed HKD stablecoin. The test covered the full lifecycle from fiat conversion to minting and on-chain transfer, with all tokens fully backed by reserve assets and

According to BlockBeats, AllScale, a self-custody stablecoin digital bank, officially launched Storefront on May 22, a Telegram bot-to-store solution for digital goods sellers. Sellers can transform their existing Telegram bots into full storefronts where customers browse products, complete

According to PANews, on May 22, THORChain announced its recovery plan for the May 15 attack, with node operator voting now live on proposal ADR028. The protocol will absorb losses first through its own liquidity reserves, with remaining losses shared by synthetic asset holders; specific allocation r

Everclear and ZERO Network announced their shutdown on May 22, joining the 2026 DeFi protocol shutdown wave. Everclear’s monthly trading volume once reached $500 million, but it failed to turn that into sustainable revenue; ZERO Network users must complete the withdrawal of funds by July 31, otherwise block production will be halted. Everclear’s Shutdown Reason: Ran Out of Funds After a B2B2C Transition Everclear is a protocol built on a cross-chain fund rebalancing solver model. Its monthly tra

Cathie Wood-led Ark Invest bought a total of 139,117 shares of Bullish through three ETFs, ARKK, ARKW, and ARKF, on May 21, valued at approximately $5.14 million at the day’s pricing. Earlier on Monday and Tuesday, Ark had already bought a combined $4 million worth of Bullish shares. Over the three days, the total amount of Bullish added was approximately $9.4 million. Bullish Q1 2026 Financial Report: Adjusted Revenue Up 49% YoY, Loss Widening Driven by Asset-Side Fair Value Adjustments The con

Circle CEO Jeremy Allaire announced on X on May 22 that Circle Wrapped Bitcoin (cirBTC) will go live, and users can obtain and test it via Arc and Ethereum testnets. cirBTC is a tokenized Bitcoin backed 1:1 by native Bitcoin reserves, with the underlying Bitcoin held in custody by regulated entities within Circle. cirBTC’s technical architecture: 1:1 native Bitcoin custody and dual-network issuance According to Circle’s official website, each cirBTC is supported by 1:1 native Bitcoin reserves, w

According to ChainCatcher, HyperLend, a lending protocol on HyperEVM, launched institutional lending platform Aviya today. Built on Hyperliquid, Aviya provides structured credit access to institutional participants through bilateral fixed-rate financing services. The platform initially uses HYPE

According to CoinPedia, on May 22, Pi Network co-founder Nicolas Kokkalis said at the Consensus 2026 conference that every account on Pi Network has already passed KYC verification. This design was embedded in the protocol from the outset rather than being added later through third-party solutions. Pi has around 100 million KYC-verified accounts. Categorizing the Three Layers of Verification: Kokkalis’s Defined Framework Kokkalis breaks down the problem of “proving personhood” into three differe

According to BlockBeats, on May 22, Solayer launched a public testnet for Margin Trade, a perpetual trading platform native to Solana supporting unified margin trading across crypto assets, commodities, and stocks. Developed by Solayer Labs in collaboration

According to BlockBeats, on May 22, Circle CEO Jeremy Allaire announced that Circle Wrapped Bitcoin (cirBTC) is launching on Ethereum and the Arc network. Each cirBTC token is 1:1 backed by native BTC held in reserve by regulated entities within the Circle

Zerion announced on May 22 that its Ethereum Layer 2 network Zero Network will be gradually shut down, with resources refocused on Zerion’s API and wallet services. Users need to move all NFTs, ETH, and other tokens out of Zero Network cross-chain to other networks by the end of July. Deposit operations have been suspended. Zerion confirmed users’ asset safety. Shutdown plan: deadlines, asset transfers, and deposit suspension In a post on X, the Zero team said, “We are gradually shutting down ZE

According to Foresight News, Pump.fun has launched USDC trading pair liquidity pools, allowing creators to issue tokens in USDC instead of SOL. The new pairs will raise initial token valuations to $4,000 compared to approximately $2,000 with SOL pairs, and increase early-stage acquisition costs by a

Zerion announced Thursday that Zero Network, an Ethereum Layer 2 focused on gasless transactions, is winding down after 1.5 years of operation. Zero Network initially went live in November 2024. The team stated that while the vision of building the first EVM-compatible, fully gasless rollup to

According to Bankr's X statement, the platform plans to restore all functionality by next week following additional security reviews and monitoring measures in collaboration with zeroShadow and other partners. In the near term, Bankr will gradually restore token issuance and read-only features,