Project Progress

According to ChainCatcher, Ronin has completed its migration to Ethereum Layer 2 based on OP Stack, reducing RON's annual inflation rate by approximately 9 times to 1.2%. RON remains the network's gas token, and the migration involved minimal downtime. Annual RON token emissions have been cut

According to XYO, the company launched an AI software development kit on May 12 designed to simplify blockchain application creation on XYO Layer One using natural language prompts. The AI SDK enables developers to build decentralized applications through AI coding assistants such as Codex and

According to Kelp DAO, on Tuesday the protocol announced it will resume rsETH operations in the coming days following the April 18 exploit that resulted in a $292 million loss. Kelp will progressively refill 117,132 rsETH—the amount stolen—from its Recovery Safe into the LayerZero OFT adapter on

According to CoinPedia on May 13, Pi Network issued an official clarification on the meaning of the “pending KYC” status, explicitly stating that this status does not mean the application has been rejected. Instead, the system requires additional identity verification before final approval. Pi Network also disclosed that, at present, more than 18.1 million users have completed KYC verification, and more than 16.7 million users have migrated to the mainnet. Official explanation of “pending KYC” A

According to CoinTelegraph’s May 13 report, the Ethereum Foundation announced on Tuesday that the Clear Signing (plain-text signing) security feature released by the Ethereum community has been officially integrated into crypto platforms including Ledger, Trezor, MetaMask, Keycard, WalletConnect, Argot, and Fireblocks. Ethereum Foundation statement and background on blind-signing attacks In a Tuesday statement, the Ethereum Foundation said: “Approving transactions is supposed to be the last line

According to PANews, BIT's U.S. stock business reached $200 million in assets under management on May 13, 100 days after its launch in February 2026. The platform reported that 98% of capital inflows came from stablecoin deposits, eliminating the need for traditional bank card

According to Pi Core Team announcement on May 13, the network clarified that tentative KYC status does not indicate rejection but requires additional verification before final approval. The team released updated network data showing 18.1 million fully KYC'd users and 16.7 million mainnet

According to Foresight News, MegaETH announced the launch of Terminal Points App Wave 4 with 7 new applications now available to users. New integrations include RockSolid, providing institutional-grade liquidity vaults between Ethereum and MegaETH; Cap, a platform offering USD yields and private

According to Foresight News, yield trading protocol Pendle has launched srRoyAPYUSD (expiring November 2026), a protected fixed-income exposure product for STRC tokens, backed by Royco Protocol. The product features a tiered structure: senior capital (srRoyAPYUSD) enjoys protected yields and only

Legend CEO Jayson Hobby, who is dedicated to simplifying on-chain finance into a traditional app-like experience, announced on X on May 13 that the company has decided to shut down after two years of operations. According to Hobby’s statement, the Legend app will continue to operate normally for 60 days and will officially stop service on July 12; existing users should move their funds out of the app before the shutdown. Shutdown Reasons and Background of the Business Decision According to Jayso

Moody's Ratings released an in-depth industry report on May 12, saying that through discussions with U.S. banking industry and financial institutions, as well as a review of publicly disclosed information, an industry consensus has formed that the transition to a digital financial system is taking shape in a “slow at first, then fast” pattern. The report said that the outstanding size of tokenized money market funds (MMF) is $10 billion, and the Depository Trust & Clearing Corporation (DTCC) wil

According to BlockBeats, on May 13, Legend announced it will shut down operations and close its onchain finance application on July 12. The team stated that while the product attracted real users, growth did not reach the level needed for long-term sustainability. Existing users must withdraw

On May 13, CoinTelegraph reported that JPMorgan has filed documents with the U.S. Securities and Exchange Commission (SEC) to launch on Ethereum a tokenized fund called the “On-Chain Liquidity Token Money Market Fund” (JLTXX). It would allow stablecoin issuers to deposit their stablecoin reserves into regulated cash-like instruments while earning interest. JLTXX Fund Core Terms and Design According to an SEC filing (reported by CoinTelegraph), JLTXX’s main terms are as follows: Investment target

According to Startale CEO Sota Watanabe, the Japanese Web3 infrastructure company will launch JPYSC, a bank-backed Japanese yen stablecoin, within coming months. Startale Labs completed a $63 million Series A funding round in March, led by Sony Innovation Fund, with participation from Samsung

According to a statement made by Bitdeer Group Chairman Wu Jihan on X on May 12, Wu Jihan said: “The next target for GPU deployment is 10k units, then 100k units, and then 1 million units.” On the same day, Bitdeer released its April unaudited production and operations update, with AI cloud business annual recurring revenue (ARR) up 60% month over month to $69 million. AI Cloud Business: ARR Rises 60% Month over Month to $69 Million (Source: Bitdeer) Based on Bitdeer’s April operating update, th

According to PANews, the x402 protocol now supports batch settlements, enabling large volumes of micro-payments as low as $0.0001 per transaction, on May 13. Base protocol lead Jesse Pollak announced the update on X, noting the feature is designed for on-demand payment computing and inference use

According to ChainCatcher, Aave and Kelp have completed the first phase of their rsETH recovery plan, destroying attacker-held rsETH on Arbitrum. Over the coming days, the parties will gradually replenish funds to LayerZero's OFT adapter and phase in the restart of rsETH operations, with 117,132 rsE

According to The Block, the Ethereum Foundation is standardizing Clear Signing security solution on May 13, establishing a public registry for submitting contract descriptors and designating ERC-7730 as the shared format. Clear Signing replaces blind signing by allowing users to read

According to an SEC filing on May 12, JPMorgan launched JLTXX, its second tokenized money market fund on Ethereum. The OnChain Liquidity-Token Money Market Fund will invest in U.S. Treasurys and overnight repurchase agreements, designed to satisfy reserve requirements that stablecoin issuers must ma

According to its Q1 2026 financial report released May 11, Bakkt's revenue fell to $243.6 million, down 77.1% year-over-year, as the crypto infrastructure firm completed its all-stock acquisition of Distributed Technologies Research on April 30 and pivots toward stablecoin-based financial infrastruc