Project Progress

Hong Kong's first officially approved HKD-backed stablecoin, HKDAP, has completed a live transfer test on Ethereum involving three licensed firms. Summary Anchorpoint Financial, OSL Group, and PantherTrade executed the test on Ethereum mainnet HKDAP is pegged 1:1 to the Hong Kong dollar ("at p

Fantasy Top announced Wednesday it will close at the end of June, about two years after launching on Ethereum layer-2 Blast. The blockchain-based fantasy sports game allowed players to build lineups of NFT trading cards featuring crypto influencers, with payouts tracked through social media

According to BanklessTimes, Sui Network launched gasless stablecoin transfers on its mainnet on May 20, 2026, allowing users to send supported stablecoins without paying gas fees or holding SUI tokens. The feature immediately triggered a price surge, with SUI rising 7.11 percent within 24 hours

MoonPay has acquired Decent.xyz, a YC-backed cross-chain routing and liquidity company, marking its fourth acquisition of 2026, according to an announcement on Thursday. The deal was valued at an eight-figure sum, according to a person familiar with the matter. Through this acquisition, MoonPay is l

According to Foresight News, MegaETH announced on May 21 the early termination of its Terminal Points Program following a data review. Week three points have been distributed normally, and user activity snapshots have been taken for final reward calculations. Eligible participants will receive

According to Foresight News and Circle, Stablecorp Digital announced the launch of QCAD, a Canadian dollar stablecoin, on the Arc testnet. The stablecoin has been integrated with Circle's institutional-grade StableFX forex engine, enabling CAD/USD trading infrastructure within the Arc ecosystem. The

According to Foresight News, Aave's first incentive program on V4 has officially launched. Users can deposit Global Dollar stablecoin USDG to the Main Market and earn rewards paid in USDG. The incentives can be tracked and claimed directly within Aave Pro without leaving the

Sui price is trading between $1.04 and $1.11 on Wednesday, gaining as much as 7% over 24 hours as the network launched gasless stablecoin transfers on mainnet. The new feature allows users and businesses to send supported stablecoins peer-to-peer without paying gas fees or holding a separate SUI

According to BlockBeats, the Avalanche Foundation on May 21 established an independent selection committee for its research grant program. The committee includes internal members Emin Gun Sirer (Ava Labs founder and CEO), Matias A. (chief investment officer), and Eric Lu (chief economist),

According to The Block, Bitcoin hardware wallet manufacturer Foundation completed a $6.4 million Series funding round led by Fulgur Ventures, with Arche Capital participating, on May 21. The funding brings Foundation's total raised to $16.5 million. The company plans to expand beyond self-custody wa

25 additional banks have joined Qivalis, a European stablecoin initiative now backed by 37 financial institutions across 15 countries. The project reflects growing efforts by European lenders to build blockchain-based payment infrastructure independent of U.S.-dominated networks. Key

According to BlockBeats, on May 21, decentralized card game Fantasy.top announced it will cease operations at the end of June and return all investor funds on a dollar-for-dollar basis. The project distributed over $20 million in player rewards and $3.2 million to Hero tokens, with 86% of players

According to The Block, Syndicate Labs announced Wednesday that it is winding down operations after five years, citing a dramatic contraction in the rollup market. "The rollup market has shrunk dramatically. For every new rollup spinning up, several more are quietly shutting down," the Ethereum

On May 21, Sui launched gasless stablecoin transfers, enabling zero-fee payments for USDsui, SuiUSDe, AUSD, FDUSD, USDB, USDC, and USDY without requiring SUI token balances. The Layer 1 blockchain introduced the feature with support from Fireblocks and plans institutional custodians and consumer

According to Kelp, the agETH vault will reopen on Thursday at 6 PM Beijing time following an update to the rsETH exchange rate and protocol normalization. The rate has been adjusted from 1 agETH: 1.00114 rsETH to 1 agETH: 0.99646 rsETH, reflecting a total impact of approximately 75 ETH due to

Soluna (NASDAQ: SLNH) Holdings has acquired full ownership of another portion of its flagship Texas campus, continuing a broader effort to transform a bitcoin mining complex into an AI and high-performance computing site backed by owned renewable energy. This article first appeared in The Energy

According to Ripple and Project Eleven, the two firms recently announced a collaboration to strengthen the XRP Ledger against quantum computing threats before cryptographically vulnerable systems become at risk. The initiative will conduct a comprehensive audit of XRPL's validator infrastructure,

According to Foresight News, Intersect, Cardano's ecosystem governance organization, has launched the Cardano Critical Integrations V2 proposal requesting 23 million ADA (approximately $23 million) to support critical infrastructure in its second year. The proposal covers maintenance and

On May 21, on X, on-chain developer infrastructure provider Syndicate Labs posted an announcement saying that the company will gradually shut down after building for five years. The confirmed reason is a fundamental contraction in the EVM Rollup market. The announcement also confirmed that all SYND holders have been fully compensated (including a 15% incentive). The compensation funds come from treasury reserves, and an equal amount of SYND has been burned from the treasury to offset supply impa

Pi Network said on May 20 on its official website that Pi founders Dr. Fan Chengdiao and Dr. Nicolas Kokkalis (Dr. Nicolas Kokkalis) gave a talk at the 2026 Miami Consensus conference, where Fan Chengdiao focused on how tokens should serve real users rather than being used only for fundraising. Kokkalis discussed, in a panel discussion, how to verify human identity in the AI era while protecting privacy. Dr. Fan Chengdiao: Tokens should be tools for users, not for fundraising or exit Dr. Fan Che