Project Progress

BASIS announced that its private testing phase has been successfully completed, demonstrating execution latency of under 50 microseconds and 100% operational reliability. The platform uses a controlled rollout strategy, focusing on performance validation, and will set a new benchmark for institutional participants. In the future, it will continue to maintain a “highly filtered” mode to ensure outstanding system performance.

Decentralized GPU cloud computing platform Aethir confirmed that its Ethereum bridge contract was attacked, with losses kept within $90k. The team promptly disconnected the contract and worked with exchanges to deal with the hacker wallets. The attacker used a cross-chain smart contract to move funds. Aethir plans to announce a compensation plan next week, and revenue is expected to reach $127.8 million in 2025.

xStocksFi launched on the Mantle network on April 10, allowing users to trade 10 of the most prominent U.S. stocks 24/7. The project is supported by BackedFi and Flowdesk, aiming to improve the distribution efficiency of real-world assets and deliver low trading fees and a fast, smooth experience. More features are planned for the future.

Grayscale says Aave could become mainstream, highlighting its decentralized lending model without intermediaries. Bank of Canada finds Aave has lower margins due to reduced costs but flags risks from leveraged trading. Governance issues and liquidations persist, though upgrades and ETF

Flare announced a governance proposal on April 10. The plan is to capture the maximum extractable value (MEV) to the protocol layer through a newly established entity called FIRE, and to repurchase and burn FLR tokens. The proposal includes a three-stage block-building reshaping, along with the FLR annual inflation rate and an annual hard cap reduction, with the goal of optimizing the network’s economic model and improving protocol transparency and security.

A new prototype from Lightning Labs CTO Olaoluwa Osuntokun could help bitcoin users recover funds if quantum threats force drastic network changes. The tool addresses a key risk in proposed emergency upgrades. Key Takeaways: Lightning Labs CTO Olaoluwa Osuntokun built a prototype to secure bitcoi

Aethir issued a security advisory on April 10, confirming that it successfully blocked a malicious attack on the ATH token cross-chain bridge contract, with losses under $90k. All affected contracts have been disconnected, and the core circulating supply remains intact. Aethir will work with trading platforms and law enforcement agencies to support the freezing of funds and the identification and tracking of the attacker, and it will publish investigation updates and a compensation plan in its Discord community.

Telegram founder Pavel Durov announced that after the TON blockchain completed its upgrade, transaction confirmation time was shortened to sub-second levels, overall speed increased by 10x, and block generation frequency increased by 6x. Durov proposed a seven-step upgrade plan (MTONGA); it has already achieved sub-second confirmations and plans to reduce transaction fees by 6x. Future steps will further strengthen network performance and the ecosystem economy. This upgrade will attract more validators, enhancing decentralization and security.

Circle introduces Managed Services to simplify stablecoin adoption and reduce technical and compliance barriers. CPN Managed Payments enables fiat-native access to USDC settlement through a single API integration model. Growing demand for faster payments drives adoption, with stablecoin

Cardano's founder, Charles Hoskinson, highlights the synergy between AI and blockchain, announcing an AI bot for content creation. Cardano's developer group shifts focus to growth, halting Acropolis development to prioritize chain abstraction, while addressing performance issues in their upcoming hard fork upgrade.

Pi Network resumed mainnet migration after a pause, transferring about 30 million Pi tokens to users’ wallets, mainly targeting users who have completed KYC. The first migration has been completed, and a second migration is currently underway, with the core team emphasizing batch processing. Some false information appeared during the process; the official account has issued a clarification, reminding users to obtain information through official channels.

Evernorth is advancing a merger plan with Armada Acquisition Corp II. After the merger, it will be listed on the Nasdaq under the ticker symbol XRPN, with XRP as its core asset. This move not only enables institutional investors to gain indirect exposure to XRP, but also is expected to reduce circulating market supply, enhance recognition of XRP’s value, and promote the integration of traditional finance with digital assets.

Coinbase's developer platform upgrades the x402 protocol, launching the “Upto” plan and enabling a variable pricing mechanism that replaces the previous fixed-fee model to support large language model (LLM) inference and related computing services. This plan is intended to address the issue where users can’t predict costs because they pay fixed fees, with the final amount paid not exceeding the user-set cap. The x402 protocol has been taken over by the Linux Foundation, but transaction volume has continued to decline after the 2025 peak, and it remains to be seen whether the Upto upgrade can boost network activity.

Gate News message, on April 10, according to Gate market data, as of the time of publication, TAO (Bittensor) is trading at $269.80, down 16.28% over the past 24 hours. It reached a high of $341.10 and fell to a low of $248.60. The 24-hour trading volume is $14.71 million. The current market cap is approximately $2.59B. Bittensor is an open-source protocol that supports a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and earn rewards in TAO based on the value of the information they provide to the collective. TAO also enables external access, allowing users to extract information from the network and adjust network activity according to their own needs. --- Key recent news about TAO: 1️⃣ **

AaveLabs proposed a plan to list Ethena’s synthetic stablecoin USDe on the Aave V3 MegaETH market. The biggest highlight is the “yield passes through” mechanism: by depositing USDe, users can earn the returns of sUSDe, without any additional staking. LlamaRisk says it supports the move, but notes that the bridging route for USDe carries concentration risk, since a communication outage could affect the return of funds. This move demonstrates Ethena’s expansion plans and aims to improve MegaETH liquidity.

Olaoluwa Osuntokun of Lightning Labs has revealed a prototype for a Bitcoin wallet rescue mechanism to aid wallets at risk due to future quantum upgrades. The tool leverages zk-STARK proofs and aims to provide a fallback for BIP-86 wallets, allowing them to transition to a post-quantum environment without exposing sensitive seed information.

Bittensor co-founder Jacob Steeves responded to Covenant AI’s exit from the network, proposing to restart the subnet governance mechanism and bring in community votes to elect the team. He believes this is an opportunity to redefine the subnet’s form and criticized Covenant AI’s founder’s decision-making.

StarkWare’s Avihu Levy publicly unveils a post-quantum bitcoin trading scheme, “Quantum Safe Bitcoin (QSB),” which can fend off quantum attacks without modifying the Bitcoin protocol. QSB addresses the quantum-safety problem using a hash function; it runs within the existing framework, and each transaction requires roughly $75 to $150 in computational fees. The scheme has not yet been integrated into consumer wallets, so users should avoid reusing addresses and monitor the wallet development progress.

Gate News update: On April 10, Uniswap founder Hayden Adams posted on a social platform today, asking whether there are any Anthropic (an AI technology company) related resources for coordination, and said he hopes to test Mythos on Uniswap.