Project Progress

The Sandbox pledged 1:1 repayment for users affected by an Aug. 21 bridge exploit that drained 14.744 million SAND tokens, worth approximately $700,000, from Ethereum vaults on Base and BNB Smart Chain. According to the company's post-mortem statement, eligible SAND holders who legitimately held bri

Solana network validators passed SGP-0002 on Aug. 28, doubling the network's disinflation rate from 15% to 30% in the blockchain's first binding on-chain governance vote. The proposal passed narrowly with 67.0% approval against the 66.67% threshold required, with 176.29 million SOL voting in favor a

Solana validators approved SGP-0002 today (August 28), narrowly passing a proposal to double the network's disinflation rate from 15% to 30%, accelerating the timeline to reach the 1.5% issuance floor from 2032 to 2029. The vote passed at 67.0% support against a required 66.67% threshold on 176.29 m

According to The Sandbox, the blockchain gaming platform will repay eligible SAND holders 1:1 after a bridge exploit on Aug. 21 drained 14.744 million SAND tokens, worth approximately $700,000, from an Ethereum vault. Compensation will come from The Sandbox treasury with no new tokens minted. The

According to HyperliquidNews, HIP-4 permissionless deployment will be enabled at the next network upgrade. The announcement was made via the official X platform account.

IREN reported a $684 million loss in its fiscal fourth quarter ended June 30 as the Bitcoin miner transitioned to AI data center operations. The company's stock fell 8.2% in after-hours trading Thursday to $37.19. The quarterly loss included $450.4 million in asset impairments from retired mining

The Sandbox pledged to repay eligible SAND token holders 1:1 after an Aug. 21 bridge exploit drained 14.744 million SAND, worth approximately $700,000, from an Ethereum vault. The attacker exploited a configuration flaw in SAND's Base and BNB Chain contracts, allowing them to become the sole

According to Odaily, Spark announced today the activation of its new domain spark.finance and launch of an updated Spark App with integrated Spark Borrow lending experience. The platform now offers two lending modes: SparkLend providing multi-collateral borrowing on Ethereum mainnet, and Isolated

Circle announced on August 28 that its cross-chain transfer protocol CCTP V1 (Legacy) will begin phased deprecation from October 31, 2026, with complete discontinuation on December 1, 2026. Applications still routing USDC through CCTP V1 contracts must initiate migration immediately. CCTP V2 will be

According to Foresight News, Credifi launched unsecured lending features based on Ethos Network's Credibility Score on August 28. Users can borrow without collateral, liquidation risk, or KYC requirements. The maximum loan amount is $3,000, available to users with an Ethos Credibility Score

According to BlockBeats, on August 28, Solana's Double Deflation proposal voting concluded with a 67% approval rate, surpassing the 2/3 threshold required for passage. Voting participation reached 60.69%, with 25.16% opposed and 7.84% abstaining. The proposal will cut SOL inflation to

According to Foresight News, Bitwise disclosed its voting positions on three Solana governance proposals (SGP-0001 to SGP-0003), representing customers staking over 14 million SOL across five validators. Bitwise's voting principle prioritizes customer preferences; where clients have not expressed a

According to Foresight News, Avalon Labs announced that its Super Earn market-neutral yield pool accumulated $35.08 million in total deposits within five days of launch. The pool generates returns by capturing funding rates and pricing arbitrage opportunities across major exchanges including

The Sandbox pledged 1:1 repayment to eligible SAND holders on Thursday following an Aug. 21 bridge exploit that drained approximately 14.744 million SAND tokens, worth roughly $700,000, from an Ethereum vault. Compensation will come from The Sandbox treasury without minting new tokens. The claims p

According to Spark, the protocol has launched a new domain spark.finance and integrated its lending features. The updated Spark App combines two complementary borrowing options: SparkLend, which supports multi-asset collateral lending on Ethereum mainnet, and Isolated Markets, which offers single-co

According to StarkWare, Bitcoin completed an experimental quantum-safe transaction on August 26 using the Quantum Safe Bitcoin (QSB) scheme, designed by Avihu Mordechai Levy in collaboration with MARA Foundation and Tomer Giladi. The QSB scheme provides quantum-resistant security without modifying B

According to Messari researcher anastasiia, Ethena's new fee switch mechanism will trigger at USDe 14-day average supply thresholds of $7.5B, $10B, $15B, and $20B on August 28, with each level progressively increasing revenue extraction ratios. Revenue previously allocated to sUSDe staking,

According to Foresight News, Circle will begin deprecating its USDC cross-chain protocol CCTP V1 on October 31, 2026, with full deprecation completed by December 1. Migration to CCTP V2 is mandatory for all applications routing USDC transfers through the V1 contracts. CCTP V2 introduces standard an

According to CoinDesk, on August 28, Ethena expanded the yield generation for its stablecoin USDe from BTC, ETH, and SOL perpetuals to stock perpetual contracts, leveraging higher and more stable funding rates. Stock perpetuals on Hyperliquid and Binance currently offer annualized funding rates of a

According to Chris Johnson of Virtuals Protocol, Ethereum's ERC-8196 standard, titled "AI Agent Authenticated Wallet," reached final status on August 28, concluding its community review process. Co-authored by Leigh Cronian of Cybercentry and Chris Johnson, the standard introduces a policy-based