Project Progress

Mitsubishi UFJ (MUFG) announced on August 14 that four of its subsidiaries will collaborate to launch an on-chain proof of concept (PoC) for Japanese government bond repurchase (repo) transactions, using Canton Network as the underlying blockchain infrastructure. The initiative aims to achieve 24/7 real-time settlement, automate the entire trade lifecycle through smart contracts, and improve collateral efficiency. Roles of Mitsubishi UFJ’s Four Subsidiaries and Canton Network’s Technical Foundat

According to Foresight News, TLAY, an AI-driven machine economy embedded trust layer, announced it is building an embedded wallet and trust infrastructure for machine-to-machine (M2M) payments. The solution enables devices to autonomously hold value, assess price signals, and authorize

From Q4 2025 through Q2 2026, the combined hashrate of publicly listed Bitcoin mining companies fell 13.4%, exceeding the 10.6% decline in the global Bitcoin hashrate over the same period. The fundamentals of Core Scientific and TeraWulf have undergone a structural shift: Core Scientific’s Q2 AI hosting revenue reached $136.7 million, nearly five times its mining revenue. Six-Month Hashrate Decline of Listed Mining Companies Compared with the Global Hashrate According to the latest Miner Weekly

Stablecoin issuer Tether announced Thursday that it has completed its first comprehensive independent financial statement audit. KPMG US issued an unqualified opinion (also known as a "clean" opinion) on Tether International, S.A. de C.V.'s financial statements for the year ended

Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor shared a 4-part digital money framework on Aug. 13 that assigns separate financial functions to bitcoin, credit products, and payment instruments. The framework positions BTC as digital capital, with layered products including STRC

According to Michael Saylor on Aug. 13, Strategy Inc. (Nasdaq: MSTR) Executive Chairman introduced a four-layer digital asset framework combining bitcoin, STRC preferred stock, Solstice's SR-strcUSX token, and USDT stablecoin. Saylor used an oil-refining analogy on X, noting that bitcoin's utility c

The cryptocurrency company affiliated with the Trump family, World Liberty Financial, announced via X on August 13 that it had appointed Ryan Ballantyne as chief commercial officer. The appointment comes as the company moves into tokenized real estate and applies for a national trust bank license. Meanwhile, The New York Times disclosed that the company had accepted $100 million in funding from Guren “Bobby” Zhou, a suspect in a UK money laundering investigation. Ryan Ballantyne’s Professional B

Standard Chartered’s global head of digital asset research, Geoff Kendrick, released a new report on Aug. 13, stating that his $100 target price for UNI by the end of 2030, set in June, was too low. According to DefiLlama data, UNI’s annualized burn rate is approximately 25 million tokens, equivalent to 4% of the total circulating supply of 624.2 million tokens. UNIfication Upgrade in December 2025 Uniswap completed the “UNIfication” protocol upgrade in December 2025, establishing a programmed f

Bitcoin (BTC) remains weak, trading at around $63,520 as of Aug. 14. USDT stablecoin issuer Tether completed its first comprehensive independent financial audit, with KPMG issuing an unqualified opinion. Trump family crypto project WLFI has postponed its Maldives resort token issuance plan. Macro Events & Crypto Highlights According to The Block, stablecoin issuer Tether said Thursday that it had completed its first full independent audit of its financial statements, with KPMG US issuing an “unq

Solstice Finance launched strcUSX on Solana, splitting the 12% dividend stream of Strategy Inc.'s STRC preferred stock into two risk tranches. SR-strcUSX targets about 7% APY while JR-strcUSX seeks more than 20% APY. The structure provides exposure to Strategy's income stream without direct

Ethereum Foundation researcher Justin Drake stated on August 14 that the Foundation plans to abandon the Poseidon hash function in its post-quantum architecture and instead adopt mature hash algorithms such as SHA or BLAKE. Drake pointed out that breakthrough advances in SNARK technology have enabled traditional hash algorithms to achieve performance comparable to Poseidon in SNARK environments. Poseidon's Positioning and Reasons for Deprecation The Poseidon hash function emerged in 2019 and was

Shinhan Asset Management signed a memorandum of understanding with Plume Network on the 14th to conduct a proof-of-concept for tokenizing won-denominated funds on blockchain. The partnership will test the issuance and distribution process of tokenized funds using Shinhan's won-denominated

The U.S. Securities and Exchange Commission issued a no-action letter Wednesday allowing Franklin Templeton's registered funds to invest directly in its blockchain-based money market fund without meeting certain physical-custody requirements. The approval from the SEC's Division of Investment

The Ethereum Foundation is abandoning the Poseidon hash function in its post-quantum architecture planning, according to researcher Justin Drake. On Thursday, Drake announced the foundation is turning to established alternatives such as SHA or BLAKE for future systems including leanVM, which would h

According to researcher Justin Drake, the Ethereum Foundation abandoned Poseidon hash function on Thursday (Aug 12) in favor of established alternatives such as SHA and BLAKE for its post-quantum architecture. Advances in SNARKs—compact proofs used to verify computations efficiently—now enable

According to Decrypt podcast (August 12), 6th Man Ventures co-founder Mike Dudas said Solana is well-positioned to attract mainstream users because it supports trading, payments, and settlement on a single network. Dudas noted that consumer apps can hide blockchain technicalities, allowing users to

Fidelity filed a pre-effective amendment with the Securities and Exchange Commission on Aug. 11 to add staking functionality to the Fidelity Ethereum Fund (FETH). The filing would change the fund's objective from tracking ether's price to also capturing staking rewards, allowing FETH to stake up to

According to HyperliquidNews, Hyperliquid launched EQSPY spot trading today, with an initial purchase of 500.03 HYPE tokens valued at $28,800.