Project Progress

ENA adoption reached new highs as active addresses climbed above 5,000 during a single day. Nearly 3,000 new wallets joined the network, marking Ethena’s strongest onboarding period. USDe growth and governance initiatives continue driving engagement across the expanding ecosystem. ENA

Spark and Uniswap have launched the FX Layer, a stablecoin liquidity system designed to make swapping between dollar-pegged assets more efficient. The system is already live on Ethereum with pools supporting USDS, USDT, and PYUSD. The initiative combines Spark's liquidity management framework with U

Spark and Uniswap have launched the FX Layer, a stablecoin liquidity system designed to streamline swaps between dollar-pegged assets. As part of the rollout, Spark is migrating approximately $150 million from its USDS ecosystem into Uniswap v4, establishing initial liquidity pools for USDS,

According to PANews, Aster launched AOS-1, the first module of its Aster Open Standards (AOS) on June 26. The permissionless spot listing module enables new tokens to integrate into Aster Spot market more easily. Aster reduced maker fees to -0.25bps, offering fee rebates to market makers to

GoMining mined the first known Bitcoin block produced using the Stratum V2 protocol in collaboration with the DMND bitcoin mining pool, marking a demonstration of miner-controlled block creation in a live mining

According to BlockBeats, on June 25, Spark and Uniswap jointly launched FX Layer, a stablecoin exchange system designed to facilitate institutional trading between U.S. dollar-pegged tokens with minimal slippage. The system creates a shared liquidity pool for stablecoin issuers to access. Spark

According to ChainCatcher, Fortune, a prediction market infrastructure platform, recently unveiled its core AI products AI Bot and Sports Agent. Fortune AI serves as an "AI operating system" for prediction traders, enabling real-time detection of news, market sentiment, and arbitrage signals while a

According to Foresight News, Grass announced on June 25 that it will introduce a non-custodial wallet feature directly within its application. Each Grass account will automatically include the wallet without requiring additional app downloads or separate setup. Users can hold, send, and receive

This week, Abracadabra's MIM stablecoin plunged to approximately $0.49, losing over 50% of its $1 peg. With a circulating supply of roughly $104 million, the protocol triggered emergency measures including raising interest rates across all Cauldrons and pausing Curve liquidity

According to Foresight News, Hyperliquid's portfolio margin feature entered beta testing on June 25 after six months on mainnet. The platform raised the usage limit, allowing users with accounts below $25 million to now use Bitcoin (BTC) and Hyperliquid (HYPE) as collateral assets. The enhanced

According to Halborn's re-audit for Ripple, the XRP Ledger Lending Protocol is moving closer to launch, reinforcing its readiness for deployment. Built around Single Asset Vaults (SAVs), the protocol introduces fixed-term, on-chain lending, allowing users to supply assets that borrowers can access u

Request Network Foundation announced on June 25th the release of one-click cross-chain mass payouts and expanded wallet screening capabilities through a partnership with Merkle Science. The updates enable users to execute stablecoin payments across six EVM chains and Tron from a single wallet, with

According to Chainwire, on June 25, Request Network announced one-click mass payouts across EVM chains (Ethereum, Base, Arbitrum, Optimism, Polygon, BNB Chain) and Tron. Users can now execute payments in USDC and USDT from a single wallet without manual bridging or swapping, with the protocol

Abracadabra, the decentralized finance lending protocol behind the Magic Internet Money (MIM) stablecoin, launched emergency measures after MIM fell more than 50% below its $1 peg. The protocol is raising interest rates across its lending markets to encourage borrowers to repay loans and reduce MIM's circulating supply. Crypto-backed stablecoins can face instability when liquidity dries up or large holders exit liquidity pools, despite being backed by excess collateral. Abracadabra Raises Intere

Abracadabra launched emergency measures in mid-June after its MIM stablecoin crashed from $1 to approximately $0.49 (a loss of over 50%), according to the protocol's official statement. The protocol is raising interest rates across its lending markets to encourage borrowers to repay loans and reduce MIM's circulating supply. A previous $100,000 liquidity injection into Curve Finance on June 15 failed to prevent the depeg from worsening. At press time, MIM has recovered to $0.95 as the emergency

According to Cointelegraph, Hyperliquid has launched its portfolio margin feature in beta testing with expanded account limits. Users with account values below $25 million can now use BTC and HYPE as collateral to trade perpetual futures, spot contracts, and outcome markets through the new feature.

Ethereum Layer 2 project Taiko published an update on the security incident on June 25: Taiko promises that no user funds will be lost due to this incident; currently, bridged assets are undercollateralized, and full recapitalization will be completed before bridging services resume, ensuring every user balance is 1:1 backed. Ledger CTO Reveals Attack Root Cause: File Accidentally Pushed to GitHub Public Repository Ledger CTO Charles Guillemet publicly explained the full chain of the attack: The

Kyobo Life Insurance completed technical verification of a won-denominated stablecoin system for insurance premium payments and insurance payouts, the company announced on the 24th. The proof-of-concept (PoC) project, conducted with blockchain infrastructure firm EQBR, successfully demonstrated the

According to ChainCatcher, Taiko announced on June 25 that its security incident will not result in user fund losses. The bridged assets are currently undercollateralized, and the team will complete full collateral replenishment before reopening the bridge to ensure each user balance maintains 1:1 s