Project Progress

Botanix, a Bitcoin Layer-2 project focused on decentralized finance solutions, announced it will cease operations on July 9, 2026. The team stated the business model is not sustainable under current market conditions, as Bitcoin-based DeFi applications have not achieved expected user adoption and de

Consensys CEO Joseph Lubin said Ethereum could become a fully zero-knowledge proof-based protocol in 3 to 5 years during an interview with The Block. Lubin argued that scaling Ethereum's base layer through initiatives like Lean Ethereum—a long-term plan to simplify the mainchain using zero-knowledge

According to Foresight News, Hypercore has launched on NEAR Intents, allowing users to enable Hypercore for USDC deposits from any blockchain directly through the platform interface.

According to Consensys CEO Joseph Lubin, Ethereum will evolve into a fully zero-knowledge proof-based protocol within 3 to 5 years, enhancing composability between the mainchain and Layer 2 solutions. Lubin supports a "Rollup-centric roadmap" and highlighted the "Lean Ethereum" initiative, which

According to The Block, Fold Holdings on June 10 sold approximately $45 million worth of Bitcoin at an average price of $71,000 per BTC. The company used $20 million of the proceeds to fully repay its Bitcoin-backed loan and allocated the remaining $25 million for business expansion, including

Fold Holdings announced Wednesday it eliminated all secured debt by selling approximately $45 million in Bitcoin. The Phoenix-based fintech used $20 million to retire Bitcoin-collateralized obligations and redirected $25 million to growth. CEO Will Reeves said the move reduces financing risk and pro

According to Foresight News, the zero-knowledge proof (ZK) blockchain Hyli announced its shutdown. Despite achieving several technical milestones over the past two years, including building a full-node client from scratch and implementing Byzantine Fault Tolerant consensus, the team decided to

Ripple launched a toolkit on Wednesday for developers building agentic payment applications on the XRP Ledger (XRPL). The toolkit enables AI agents to execute financial transactions with limited human involvement, addressing infrastructure needs for autonomous systems. The launch reflects a

Curve Finance launched Llamalend v2 on Optimism on Tuesday, marking the initial phase of a major upgrade to its lending infrastructure. The deployment is supported by a 250,000 OP token grant (~$50,000) from the Optimism Foundation and precedes a planned Ethereum mainnet release. The upgrade

According to ChainCatcher, Ripple unveiled a toolkit this week enabling developers to build agent payment applications on XRP Ledger, allowing AI agents to autonomously execute financial transactions without human intervention. The toolkit supports payments via the x402 protocol and settlement in XR

Maelstrom, the family office of BitMEX co-founder Arthur Hayes, published its first annual report for its Bitcoin Grant Program, documenting achievements across a 20-month initiative that began in October 2024. The report reveals four active developers—Rkrux, Stratospher, Benalleng, and

According to Maelstrom's official report published on June 10, the Bitcoin Grant Program—funded by the family office of BitMEX co-founder Arthur Hayes—has supported five developers over a 20-month program beginning in October 2024, with four currently active developers advancing Bitcoin's privacy, s

Frax Finance founder Sam Kazemian announced a token burn plan for FRAX and assessed the future of the FRAXUSD stablecoin, stating the licensing process under the Genius Act will be fully operational in Q1 2027. Kazemian stated Frax Finance aims for FRAXUSD to be one of the first compliant Genius

Frax Finance founder Sam Kazemian announced plans to burn FRAX tokens using a portion of revenue from corporate payment partnerships set to launch in Q3 2026. According to Kazemian, Frax has signed agreements with unnamed major Web2 companies and publicly traded firms for payment processing;

Pyth unveiled continuous pricing indexes for US stocks and commodities on Jun 10. The indexes provide real-time pricing data for US equities, gold, and oil outside traditional market hours. Coinbase, Kraken, and dYdX are adopting the new indexes. FAQ What did Pyth unveil on Jun 10? Pyth unveile

Prediction market platform Myriad adopted Chainlink as the exclusive oracle infrastructure for its 2026 FIFA World Cup match prediction markets to automate market resolution and settlement. The integration extends Myriad's existing use of the Chainlink Runtime Environment, which already powers its c

According to The Block, Curve Finance has launched Llamalend v2, its upgraded lending protocol, on Optimism on June 10. The deployment received 250,000 OP tokens (approximately $50,000) in incentive subsidies from the Optimism Foundation, allocated for liquidity and activity rewards over the next

According to ChainCatcher, Pyth Network launched continuous price indices for US stocks and commodities to support around-the-clock trading products in crypto markets. Initial assets include Nvidia, Tesla, Apple and major commodities such as gold, silver, WTI crude oil and Brent crude oil.

Botanix Labs announced it will shut down its Bitcoin Layer 2 network after nearly four years of development. The company cited insufficient demand for Bitcoin-native decentralized finance applications to sustain the network's long-term economics. Despite achieving 100% uptime, processing 25

Botanix Labs announced it will shut down its Bitcoin Layer 2 network after nearly four years, as transaction fee revenue proved insufficient to cover operating costs. The team determined that organic transaction activity was not enough to maintain the infrastructure, with most users treating Bitcoin