Project Progress

Cottonia, a distributed cloud acceleration infrastructure designed to provide high-performance, verifiable computing for Artificial Intelligence (AI) applications, autonomous agent ecosystems, and Web3 environments, is pleased to advance AI-native distributed compute infrastructure for running

Pi Network is advancing its ecosystem with plans for a cross-chain bridge, enhancing its connectivity and utility in the Web3 space. Alongside upgrades like smart contract support and KYB verification, the network aims to attract developers and users, gradually shaping its ecosystem for broader relevance.

Paradigm is developing a specialized prediction market trading terminal, positioning itself as a key player in the booming sector. It aims to create a market-making desk and a prediction market index, enhancing its infrastructure and attracting serious institutional investment.

On April 2, PeckShield clarified that HyperEVM was not down; the anomaly was limited to the official block explorer frontend not syncing data. The incident was caused by a data source deviation that led to a misclassification. In reality, the underlying chain was operating normally. On the same day, MetaMask announced full support for HyperEVM, lowering the usage barrier. This incident underscores the importance of verifying across multiple data sources to prevent false alarms.

Plume has launched a payroll pilot that pays employees partly in a tokenized money market fund. The move could reshape how income is delivered and used in onchain finance. Crypto Payroll Evolves With Model That Pays in Yield Assets Plume has launched a new payroll pilot that could change how emp

Gate News, April 2, Wormhole issued an official response to the attack on Drift, stating that Wormhole users’ assets are not currently at risk and that the cross-chain bridge functionality can still be used normally. However, due to the built-in security mechanisms configured for Solana, some cross-chain transfers may experience delays. Wormhole’s core contributors have been in communication with the Solana ecosystem team and will continue providing support as needed.

Loopscale’s declaration is not directly related to Drift. Most funds are secure, with some indirect exposure. Deposits in the SOL Genesis Vault will fully reimburse users; deposit and withdrawal functionality is temporarily disabled, and will be reopened once services are restored.

Gate News reports that on April 2, Anna, the founder of stablecoin infrastructure company Perena, issued a statement confirming that its three products—Perena USD, USD-J, and USD-P—were not affected by the Drift attack incident. However, the JLP vault managed by Neutral Trade, a platform sharing quantitative strategies within the Solana ecosystem, is running on Drift, which may pose certain risks or implications.

The U.S. Office of the Comptroller of the Currency (OCC) issued Bulletin 2026-4, effective April 1, providing a clear regulatory path for Ripple’s national trust bank and allowing it to operate after meeting the conditions to open for business. This bulletin replaces “fiduciary activities” with “the operations of a trust company,” expanding the organization’s service scope, including digital asset custody services. Ripple’s regulatory status has undergone a significant transformation, and in its application for a licensed institution, it seeks a Federal Reserve master account, focusing on the growth and challenges of the digital asset market.

Gate News update: On April 2, the Solana liquidity protocol Meteora issued a statement saying that all funds on Meteora are safe, and that all platform features and the treasury have not interacted with the Drift protocol.

The TON core team announced a consensus mechanism upgrade: Catchain 2.0 has started mainnet deployment. The goal is to reduce block confirmation time to about 1 second. This upgrade improves block generation speed and emphasizes that application developers need to adapt to the Streaming API to ensure a good user experience. If they do not adapt, the benefits of the upgrade will be greatly diminished.

Gate News reports that on April 2, Solana liquidity protocol Orca CEO Michael Hwang posted a tweet stating that Orca was not affected by the Drift attack incident and that users’ funds are safe. Michael Hwang pointed out that Orca’s smart contracts have passed four audits, ensuring their security and reliability.

Gate News, April 2, Unitas Protocol, a yield generation protocol, released a statement saying it was not affected by the Drift Protocol attack incident. Unitas Protocol has no exposure on Drift; all collateral is safe; all strategies (including the JLP Delta-neutral strategy) are running normally, and user funds are secure. Collateral can be accessed via Accountable and Primus

Paradigm is developing a prediction market trading terminal for professional traders and market makers, and plans to set up an internal market-making department and conduct research into prediction market indices. This terminal does not compete with Kalshi because the two products target different audiences. In addition, Paradigm will also expand its investment focus to artificial intelligence and robotics technology, demonstrating its strategic shift from a crypto venture capital firm to a multi-strategy technology investment institution.

Paradigm is developing a prediction market trading terminal, aiming at professional traders and market makers, and plans to set up an internal market-making business while exploring the feasibility of prediction market indices. Its main investment’s Kalshi valuation has reached $22 billion, indicating rising market momentum. Paradigm is also expanding into the AI and robotics space, reflecting a diversified business strategy.

Pendle’s Boros trading platform, launched on April 2, has introduced the Boros OTC trading platform. It is designed to serve liquidity providers and large-scale traders, supports hedging with large notional funding rate exposure, and comes with customized terms and zero price impact. The service is aimed at traders with transactions above $500,000; users must submit their trading intent and only after approval of eligibility can they create a trading proposal. Trades settle directly on-chain.

XRP is advancing into enterprise finance as Ripple integrates it into treasury systems, enabling real-time liquidity management and positioning it as a functional asset for corporate cash operations. XRP Becomes Core Asset In Ripple Treasury Liquidity Strategy A shift in enterprise finance is a

Jupiter on X confirmed it was not affected by the Drift security incident. Jupiter Lend is not related to the Drift market, and JLP is fully backed by underlying assets. Drift Protocol suffered a security incident, with losses totaling between $200 million and $270 million, half of which was stolen JLP assets.

_New AI agents from Chainalysis simplify blockchain analysis while preserving accuracy, auditability, and human oversight._ Chainalysis has introduced a new suite of AI-powered agents to expand access to blockchain intelligence across organizations. The growing use of AI by cybercriminals has

Blackrock is pushing deeper into crypto income strategies with a bitcoin-linked ETF designed to generate yield while tracking price exposure, signaling a more complex evolution in institutional bitcoin investing that blends derivatives with core holdings. Blackrock Files Amendment for Bitcoin