Project Progress

According to CoinMarketCap and Telegram founder Pavel Durov's announcements, Toncoin (TON) surged over 90% between May 3 and May 9, rising from approximately $1.30 to $2.75 by May 7 before settling around $2.50 by May 9. With a market cap now around $6.8 billion, TON has surpassed both Stellar's

Pilot used XRP Ledger and JPMorgan banking rails to settle tokenized U.S. Treasury transactions in seconds. Mastercard connected blockchain infrastructure with traditional banking systems for cross-border settlement workflows. Firms demonstrated 24/7 institutional settlement using tokeniz

According to Pi Network DEX, on May 9, 2026, Pi Network's Core Team removed WorldBanksPi, a top-ranked DApp in the Pi Browser with over 140,000 users, without advance notice or appeal process. The project was identified as a Ponzi-style operation marketing false valuations and deposit-to-earn

According to BlockBeats, on May 9, Bitcoin mining company DMG Blockchain established subsidiary DMG Infrastructure to operate artificial intelligence and high-performance computing (HPC) business. The company plans to transition its data centers toward AI and HPC services. DMG Blockchain

According to BlockBeats, on May 9, Circle's Layer 1 blockchain Arc announced its developer grant program is now open for applications. The program will fund high-quality teams building production-level systems on Arc using USDC and Circle's developer platform, with focus areas including payments,

According to an official announcement published on May 8 on X by the XRP Ledger Foundation, the foundation has formally entered a more open collaborative phase within the XRP ecosystem, and introduced a core management team responsible for day-to-day operations, engineering coordination, and community engagement. The announcement includes role and background descriptions for the Executive Director, Chief Technology Officer (CTO), Operations Director, and Community Lead. Introduction to Core Mana

According to a May 8 report by BeInCrypto, Telegram founder Pavel Durov confirmed that Telegram has officially replaced the TON Foundation and become the largest validator on The Open Network (TON) blockchain; to secure the largest validator slot, Telegram has staked approximately 2.2 million TON tokens. Telegram Takes Over as TON’s Largest Validator: Background and Technical Significance According to BeInCrypto, Durov said this move is the third phase of his plan to “make TON great again,” aimi

According to an official announcement by Aave posted on X on May 9, the launch of Phase 2 of the rsETH incident recovery plan has been declared; the court has issued an order authorizing the transfer of the $71 million worth of ETH recovered by the Arbitrum Security Committee to Aave LLC. The compensation inquiry tool is now officially live, and users affected by the rsETH incident can look up their expected compensation amounts. Completed steps: liquidation, governance proposals, and AIP execut

According to Aave's statement on X, on May 6, eight hacker positions on Aave V3 were liquidated, with the recovered rsETH collateral transferred to recovery custodians. The Arbitrum DAO approved a proposal to return the previously recovered $71 million in ETH. A judge approved Aave LLC's request to

According to Decrypt’s May 9 report, Bitcoin miner and data center operator TeraWulf (WULF) released its 2026 first-quarter financial results, recording a net loss of approximately $427 million. Total quarterly revenue was $34 million, of which revenue from its AI high-performance computing (HPC) business was $21 million, marking the first time in TeraWulf’s history that its quarterly HPC revenue surpassed Bitcoin mining revenue.

BlackRock filed with the SEC to launch two tokenized funds, BSTBL and BRSRV. BSTBL invests in short-term U.S. Treasury bills on Ethereum and issues digital equity. BRSRV is a cross-chain stablecoin reserve tool. The move responds to the emerging Genius Act regulatory framework and shows its long-term strategy to push on-chain assets.

TeraWulf for the first time in 2026 Q1 saw HPC lease revenue exceed Bitcoin mining revenue, accounting for 62% of total revenue. The main reason was Core42’s long-term data center contract; however, the company posted a net loss of $427.6 million this quarter, mainly due to non-cash warrant revaluation and interest costs. The company is driving expansion with a $301.9 million acquisition via Hawesville. It has $3.09 billion in cash and restricted cash, with subsequent progress pending power-up and new customer contract signings.

According to ChainCatcher, Pavel Durov announced on X that TON ranked first in annual staking rewards among the top 50 cryptocurrencies by market cap. The TON network has also reduced transaction fees by 6 times, and Telegram will replace the TON Foundation as the network's largest

According to LayerZero Labs, the protocol's internal RPC infrastructure suffered attacks from Lazarus Group over the past three weeks, affecting 0.14% of applications and approximately 0.36% of total asset value. External RPC providers also experienced DDoS attacks. Despite these incidents, LayerZer

On Thursday, Solv Protocol announced it will migrate from LayerZero to Chainlink CCIP as its official cross-chain infrastructure, affecting over $700 million in SolvBTC and xSolvBTC assets across Corn, Berachain, Rootstock, and TAC. According to Solv's official post, the move follows a review of

According to Arbitrum DAO's voting snapshot, the Arbitrum DAO approved the release of 30,765.6 ETH (approximately $70 million) to DeFi United, the initiative formed to mitigate the impact of the $292 million exploit on Kelp DAO last month. The vote received 182.2 million votes supporting the release

According to Globenewswire, Exodus launched XO Cash, an AI Agent-exclusive stablecoin on Solana, today. The company simultaneously released AgentKit, a developer toolkit enabling single API calls to create independent wallets for AI Agents. Agents can directly invoke Exodus Pay balances for

According to ChainCatcher, Mantle token holders have passed the MIP-34 proposal, approving a credit line of up to 30,000 ETH (approximately $68 million) to Aave DAO. The measure aims to help address potential bad debt in Aave V3 resulting from the April rsETH attack, which caused an

According to CoinMarketCap, Polygon reduced its block time to 1.75 seconds on May 8, marking the first such upgrade since launch as the network targets institutional adoption and stablecoin payments. The improvement enables faster transaction finality across applications running on Polygon,