Project Progress

According to The Block, Sophon, which raised $70 million, is closing its Layer 2 blockchain and shifting to Base to build consumer applications on June 26, citing the end of crypto's infrastructure era. Co-founder Sebastien said the shutdown will save approximately $3 million annually in

Stablecoin issuer Circle and Nomura are preparing a service that would allow Japanese companies to settle foreign exchange transactions using dollar-denominated stablecoins as early as 2027. The proposed service would let companies convert yen into dollar stablecoins for cross-border payments and ne

According to Chainwire, Story has rebranded to The DATA Foundation and launched DATA Network today (June 25), featuring a flagship integration with Kled, the world's largest opt-in human data marketplace, which has registered 1.5 billion user-contributed records on the platform. Andrea Muttoni

Variational, a derivatives protocol operating on Arbitrum, closed a $50 million Series A funding round led by Dragonfly Capital in May 2026, with participation from Bain Capital Crypto, Peak XV Partners, Coinbase Ventures, and Brevan Howard. The funding announcement coincided with the protocol's

Crypto Upgrades are shifting investor attention toward execution and network performance. Ethereum, Solana, Hyperliquid, and Sui are preparing major infrastructure improvements. Developer growth, liquidity expansion, and user adoption remain central market themes. Crypto Upgrades are

Crypto Upgrades are shifting investor attention toward execution and network performance. Ethereum, Solana, Hyperliquid, and Sui are preparing major infrastructure improvements. Developer growth, liquidity expansion, and user adoption remain central market themes. Crypto Upgrades are

Story Protocol, a decentralized network originally designed for intellectual property management, rebranded as Data Network on June 25, 2026, marking a strategic pivot toward artificial intelligence training data. The transition includes a 1:1 token migration from IP to DATA and the launch of

According to The DATA Foundation on June 25, Story Protocol rebranded to Data Network with a strategic pivot from intellectual property to AI training data sourcing, processing, and verification. The native IP token migrated to DATA in a 1:1 ratio, requiring no action from token holders. DATA,

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

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 Foresight News, AI-powered prediction market InsightX on Mantle surpassed $100 million in total trading volume 12 days after launch. The platform has recorded 133,891 on-chain interactions and counts 5,205 active users. InsightX uses AI-driven market intelligence for price