Project Progress

According to BlockBeats, on June 2, Movement rebranded from an Ethereum Layer 2 project to an independent Layer 1 blockchain. The project, led by new CEO Torab Torabi, now targets emerging markets stablecoin settlement infrastructure. Move Industries announced it has secured regulated payment

According to The Block, on June 2, Backpack launched Backpack Securities, a new platform offering regulated U.S. stock brokerage services alongside tokenized securities functionality. Users can buy, hold, and sell real U.S. stocks while retaining dividend rights and corporate action benefits under ACATS and DTCC frameworks. Holdings can also be converted into tokenized securities on Solana and other blockchains, enabling 24/7 trading and free transfers. The platform is partnering with Solana eco

According to an announcement on Tuesday, Backpack launched Backpack Securities, a platform enabling users to buy, hold, and sell real U.S. stocks through regulated brokerage infrastructure while converting holdings into tokenized versions tradable on blockchain networks. Backpack has partnered

Orbs announced on June 02, 2026 the introduction of its Committee Sync MVP on Ethereum and Arbitrum as part of the Orbs V5 rollout. The upgrade is designed to enhance cross-chain verification of decentralized trading execution while lowering infrastructure requirements and broadening participation a

Orbs, a Layer 3 blockchain infrastructure focused on decentralized trading, launched Committee Sync MVP on Ethereum and Arbitrum on June 02 as part of its V5 upgrade. The update improves cross-chain verification of trading execution and reduces infrastructure costs by distributing committee state th

According to CoinDesk, Symbiotic launched Liquid Lane on June 2, a new liquidity network providing near-instant stablecoin redemptions for real-world assets including funds and private credit. The product addresses current redemption wait times of up to approximately 180 days by routing investor

According to Tom Lee, Bitmine's Ethereum treasury generates $1 million in daily staking rewards.

According to Coin Bureau, MoneyGram launched MGUSD, a U.S. dollar-backed stablecoin on the Stellar network, today (June 2). The token enables users to hold and transfer digital dollars directly through the MoneyGram app, removing delays inherent in traditional banking systems. MoneyGram serves

According to CoinDesk, MoneyGram launched the MGUSD dollar stablecoin on the Stellar blockchain on June 2. The stablecoin will be embedded in MoneyGram's official app, enabling users to hold U.S. dollar balances in self-custodied wallets and send cross-border transfers through its global network. MG

According to CryptoNews, the TON Foundation rebranded its native token from Toncoin to Gram on June 2, reviving the name from Telegram's original 2018 blockchain project. The rebrand is cosmetic with no token swap or technical migration. Telegram founder Pavel Durov flagged the rename as step four o

According to Foresight News, NEAR will launch post-quantum cryptography by the end of Q2 (June 2026), co-founder Illia Polosukhin announced. The move follows recognition of EigenCloud's approach to addressing quantum algorithm challenges using artificial

Pi Network completed its Testnet 2 upgrade to Protocol v24 ahead of the Mainnet upgrade scheduled for June 2. The upgrade advances Pi Network's push toward smart contracts, cross-chain connectivity, and broader ecosystem utility as outlined in its 2026 roadmap. The development continues as Pi

According to Pi Network official updates, Testnet 2 successfully completed the v24 upgrade on June 1, with the Mainnet scheduled to activate the same version on June 2, 2026. All node operators must migrate to version 24.1 by the deadline. The network described the upgrade as straightforward, with e

Ondo Finance announced today the launch of Ondo Perps, a perpetual trading platform designed for real-world asset (RWA) derivatives, launching in the coming weeks. The platform will enable traders to use tokenized RWAs as collateral while accessing continuous market liquidity. According to newly

According to Telegram CEO Pavel Durov, Toncoin will be renamed Gram within roughly three weeks, reviving the token's original name from its 2018 white paper. The change marks the fourth step in Durov's "Make TON Great Again" seven-part roadmap. TON surged more than 13% to about $2.12 within a day o

Cross-chain lending protocol Radiant Capital is shutting down active development operations, the DAO announced, following its failure to recover from a US$50 million exploit that struck Arbitrum and BNB Chain deployments in October 2024. Roughly 18 months after the attack, the protocol has not recov

The Sui Network resumed normal operations after the Sui Core Team fixed software issues that caused three separate outages on May 28 and May 29. The disruptions resulted in more than 15 hours of total downtime, temporarily preventing users from processing transactions. The outages originated from a

According to the Solana Foundation's official blog, on June 2, the foundation announced it is recruiting teams to build fully on-chain perpetual futures, derivatives and related trading applications, offering funding, technical support and distribution channels. The foundation is seeking teams