Project Progress

Gate News message, April 2, Nasdaq-listed company Soluna Holdings announced that it has spent $53.0 million to acquire a wind farm located in West Texas. Soluna Holdings focuses on developing green data centers for compute-intensive applications such as bitcoin mining and artificial intelligence. After the transaction is completed, the company will launch the Dorothy 3 project development to support building a renewable-energy-driven AI data center.

Tether has dismissed senior gold traders from HSBC, ceasing its plans for a competitive gold trading desk while managing 140 tons of gold. This decision coincides with ongoing financial adjustments and audit efforts as Tether explores new funding and operations.

BitGo launched its BitGo Mint service on April 2, enabling institutional customers to mint, redeem, and manage stablecoins and other digital assets within a unified workflow. The first supported tokens are USD1 and SoFiUSD.

BitGo is expanding its stablecoin infrastructure for institutional clients by offering minting and redemption services. This move aims to enhance liquidity coordination for market makers, banks, exchanges, and asset managers, ultimately improving capital flow and operational efficiency in the crypto market.

On April 2, DAO Lista announced the approval of proposal LIP-024 and officially launched LISTA’s tokenomics model 2.0. Major changes include ending the veLISTA staking model, immediately unlocking staked tokens, adjusting the revenue distribution mechanism, compressing the token supply cap to 800 million tokens, and simplifying the governance mechanism—holders of LISTA can vote directly.

Magic Eden is discontinuing its wallet app, transitioning to an export-only mode, which means users must export their private keys to avoid losing access to their funds. This change emphasizes the importance of self-custody and key preservation for cryptocurrency users.

The dYdX Foundation announced on April 2 that it has passed the #372 on-chain community vote and will allocate $10 million USDC from the insurance fund to support DAO operations. The funds are allocated to the operating sub-DAO, the treasury sub-DAO, and the foundation for operations, reserves, and ecosystem development, respectively. The current insurance fund holds approximately $17 million USDC.

Pi Network’s Core Team, which has come under serious criticism as of late, has just updated on the number of users who have completed the second migration of their balances. As with similar posts on X before, though, the community was quick to pick up on the statement and lash out at the

Safe has launched Safenet, a new security network for non-custodial wallets aimed at mitigating common transaction errors and security risks. This initiative enhances the economic role of the SAFE token by integrating it directly with security services, potentially increasing token demand and wallet safety in the evolving crypto infrastructure market.

The Ethereum Foundation-backed ZKNox founder, Nicolas Bacca, introduced at the EthCC conference the integration progress between hardware wallets and Ethereum, significantly lowering the on-chain verification cost of post-quantum secure signatures and improving efficiency. The standardized SDK they developed supports a range of account abstraction features and is dedicated to implementing open-source security standards in hardware wallets.

Plume's pilot program allows employees to receive part of their salary in shares of WisdomTree’s tokenized money market fund, WTGXX, testing the integration of tokenized funds into payroll systems to simplify access to yield-bearing assets.

Tokenized bonds open the door for more capital beyond T-bills OpenEden has launched tokenized, high-yield corporate bonds, expanding the RWA market beyond T-bills and attracting additional on-chain capital flows. Tokenized bonds are rapidly expanding into higher-yield asset categories. OpenEden is focusing on the debt segment.

OpenEden launched HYBOND, a tokenized product linked to BNY Investments' short-dated corporate bond strategy, providing investors with regulated, higher-yield fixed income exposure in a market traditionally focused on cash-equivalent assets.

OpenEden launched a tokenized product, HYBOND, linked to BNY Investments’ global short-term high-yield bond strategy. It allows eligible investors to invest in a portfolio of short-term corporate bonds at a 1:1 ratio. This product brings high-yield credit instruments into the tokenized market, broadening investment choices and advancing on-chain fixed-income assets. The launch of HYBOND marks tokenization’s move into the actively managed bond space, giving investors new opportunities to earn returns.

Playnance is expanding into sports and esports by integrating with SOFTSWISS Sportsbook, allowing access to over 2.5 million live events yearly. This initiative enhances the $GCOIN token's utility and facilitates real-time, on-chain user participation in a gasless, non-custodial environment.

All-chain stablecoin protocol USDT0 responded rapidly after the Solana Drift security incident, pausing its cross-chain communication network within 90 minutes. Tether’s CEO praised its team’s handling, while Z achXBT criticized Circle for not freezing USDC transfers.

Gate News update, April 2, a certain Web3 wallet announced the launch of a TRX flexible staking and wealth management feature. The returns come from real on-chain activity, including rewards from TRON Super Representative (SR) voting, as well as rental income obtained by renting out the TRON Energy generated by the staked TRON to USDT-TRC20 users.

Ripple integrated digital asset functionality into its enterprise treasury management system, Ripple Treasury, introducing “Digital Asset Accounts” and “Unified Treasury,” enabling chief financial officers to manage XRP, RLUSD, and fiat assets at the same time without needing an additional wallet. This innovation is the first treasury management system with built-in digital asset capabilities, and it also plans to expand in the future to cross-border settlements and payments within the group.

Ripple Treasury integrates crypto and fiat management, allowing CFOs to track XRP, RLUSD, and cash in one dashboard. Unified Treasury provides real-time visibility, automated syncing, and seamless reporting across custodians. Launch reflects rising demand, with 72% of finance leaders

Pi Network is advancing upgrades to its cross-chain bridge technology to enable interoperability with other blockchains and improve the flexibility of Ji Coin’s applications. It has also introduced a KYB verification mechanism to support Web2 and Web3 enterprise onboarding. Smart contract development is underway as well; in the future, it may enable the construction of decentralized applications. If the rollout proceeds smoothly, Pi could expand into new growth opportunities in the Web3 market.