Project Progress

According to ChainCatcher, VEST officially opened global registration on May 20. The protocol, incubated by Anubis Labs and backed by investors including CoinChief, is built on Anubis Chain and aims to connect real assets, liquidity, and digital rights through on-chain

According to its Q1 2026 report released on May 20, Zcash Foundation announced that the SEC concluded its investigation without recommending enforcement action. The SEC investigation, which began with a subpoena issued in August 2023 regarding crypto asset offerings, has now concluded with no enforc

According to Vitalik Buterin on May 20, Ethereum is advancing native privacy with short-term initiatives including the integration of AA and FOCIL to provide first-class support and strong sequencing guarantees for privacy protocol transactions, Keyed Nonces, and access layer work. Vitalik

iM Bank has completed a proof-of-concept (PoC) for a Korean won stablecoin, implementing the full lifecycle from issuance through payment, settlement, and redemption. On the 20th, iM Bank announced the successful completion of the won stablecoin technology verification project, conducted in

According to iM Bank, on May 20, the bank completed a proof-of-concept (PoC) for a KRW-denominated stablecoin with digital asset infrastructure company OpenAsset, implementing the full lifecycle of issuance, deposits, settlement, and redemption. The bank issued iMKRW on the Kaia blockchain network u

Sygnum became the first regulated Swiss bank to conduct live digital asset market transactions through an artificial intelligence agent while maintaining client control over custody, wallet authorization, and final transaction approvals. The pilot project, announced May 18, 2026, represents a

According to ChainCatcher, Lighter has completed verification of its L2 escape mechanism by third-party L2BEAT. The protocol now allows users to withdraw funds to Ethereum without sequencer approval, even if the sequencer fails. Lighter is the first L2 Perp DEX to implement this

According to PANews, on May 20, Lighter completed verification of its "escape mechanism" by third-party L2BEAT, making it the first L2 perpetual DEX to enable permissionless withdrawals to Ethereum even when its sequencer malfunctions. Users can withdraw their funds from Lighter's L2 directly to Eth

Pi Network has rolled out a major update to Pi App Studio while completing one of its most complex node upgrades. The V23 protocol upgrade entered final deployment stages with most major Mainnet node operators successfully migrated, and the protocol expected to transition fully in the coming

According to independent analyst Markus Thielen, HYPE has surged over 100% since 2026 lows, becoming one of the strongest performers in the crypto market. The rally is driven by Hyperliquid's expansion into traditional finance-linked assets, including oil futures and SpaceX perpetual contracts,

Hyperliquid has updated the official documentation for HIP-3 (builder deployment of Perpetual Contracts), confirming that the 500k HYPE collateral threshold required for deploying the perpetual DEX on the mainnet will “gradually be reduced as the infrastructure matures,” and any collateral portion staked above subsequent lower thresholds can be withdrawn. HIP-3 inherits HyperCore’s high-performance margin guarantees and order book technology stack. Confirmed Terms for Collateral Thresholds Core

According to BlockBeats, on May 20, Hyperliquid updated its HIP-3 documentation, lowering the 500,000 HYPE staking requirement for perpetual DEX deployment. The updated document states the requirement "will be reduced progressively as infrastructure matures," with any staked HYPE exceeding future th

According to Odaily, Soneium's Mini Apps Carnival launched today, featuring 17 ecosystem mini applications with a combined rewards pool of $9,000 plus STAR Points. Users completing tasks can earn both STAR Points and project-specific rewards. The initiative also

Pi Network announced on May 13 that Pi App Studio now supports direct integration into the Pi ecosystem for applications built by external AI coding tools, enabling creators to publish apps through Pi Network’s claimed distribution network of more than 60 million active pioneers. According to Pi Network’s description, the integration process can be completed in as little as 2 minutes. Confirmation details of the new Pi App Studio feature Supported external AI tools (confirmed by Pi Network): Cod

According to ChainCatcher, Solana co-founder Anatoly Yakovenko publicly supports developing a native perpetual contract DEX on Solana Virtual Machine, recently challenging Hyperliquid's dominance in on-chain derivatives trading. Hyperliquid has emerged as the leading protocol for on-chain perpetual

According to Aave founder Stani Kulechov, Aave V4 is rolling out in phases with a new two-tier market isolation architecture. The system organizes collateral into independent Hubs, which are further divided into Spokes, with liquidity sharing implemented through selective caps across Spokes within e

Threshold Network announced on X on May 20 that a malicious attacker attempted to mint tBTC on May 18 without depositing underlying Bitcoin (BTC), and the attempt completely failed. Threshold confirmed: no invalid tBTC was generated, and user funds were not threatened. As a precaution, the Optimistic Minting mechanism has been paused. Confirmed facts of the incident According to Threshold Network’s official X post: Incident time: May 18, 2026, 10:04 UTC (Beijing time 18:04) Attack method: Attemp

According to Odaily, Solana founder toly said this morning that the foundation cannot simply push ecosystem development without foundational products. Products must come first, allowing users to provide feedback and identify improvements, before the foundation can effectively promote and

Lighter announced that it has completed verification of its Layer 2 escape mechanism by third-party auditor L2BEAT. The verification confirms that users can withdraw funds from Lighter's L2 to Ethereum without permission even if the sequencer fails, making Lighter the first L2 Perp DEX to

According to Threshold Network, an attacker attempted to mint tBTC without depositing underlying BTC on May 18 at 18:04 UTC, but the attempt failed and no invalid tBTC was produced. User funds were not at risk. In response, Threshold Network has temporarily halted Optimistic Minting and switched min