Project Progress

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

According to Foresight News, TRON marked its eighth-anniversary mainnet launch on June 25, accumulating 380 million total accounts and $27 trillion in cumulative transfers. The network has evolved into a community-governed DAO since its 2018 mainnet launch, with over 14.5 billion total

Sonic Labs announced on June 25 via X that it has chosen not to execute the planned annual inflation of 47.625 million S tokens this year, and is actively working toward completely halting the inflation of the S token supply. Sonic Labs stated that this decision is a direct response to demands from the community and stakeholders. According to the official announcement, three founders, including Andre Cronje, have resigned from the board of directors. Background of the Inflation Pause: 47.625 Mil

On June 25, Abracadabra protocol took emergency action to address worsening MIM stablecoin depeg by raising interest rates across all Cauldrons. The measure aims to encourage debt repayment and reduce MIM supply.

According to Sonic Labs, the team suspended the 2026 annual S token increase of 47.625,000 tokens and is actively pushing to stop supply inflation, it announced on June 25. The original tokenomics model called for 47.625 million S tokens to be minted annually for ecosystem growth, with the first

According to Binance's official announcement, the exchange will suspend Viction (VIC) deposits and withdrawals starting at 15:00 UTC+8 on June 30, 2026, to support the network upgrade and hard fork. The network upgrade and hard fork will occur at block height 110,712,671, estimated at 16:00 UTC+8 on

According to ChainCatcher, Uniswap launched a no-code token auction tool on Wednesday, enabling teams to configure and run on-chain token sales directly through the browser without coding. The tool operates on Uniswap's Continuous Clearing Auction (CCA) mechanism, where bids accumulate across

According to ChainCatcher, Ethlabs launched this week backed by Ethereum co-founder Joe Lubin, Bitmine Immersion Technologies (holding approximately 5.7 million ETH), and Sharplink (holding approximately 876,000 ETH). Sharplink CEO Joseph Chalom stated the lab will complement the Ethereum

Delphi Digital posted on X on June 25, reporting that xStocks' on-chain assets under management (AUM) surpassed $500 million for the first time, with over 177,000 independent holders, and the top 10 stocks accounted for more than 80% of total holdings. On the same day, Solana tokenized stocks saw a 24-hour trading volume of $380 million, more than doubling the previous recent high of $187.9 million. xStocks New Milestone: $500 Million AUM, 177,000 Holders (Source: Delphi Digital) According to De

According to an official announcement, SanDisk tokenized stock SNDK went live on Solana today (June 25) through Sunrise. Users can now trade SNDK 24/7 via Solana ecosystem wallets and applications, including during traditional stock market closing

Decentralized finance protocol Abracadabra Finance announced emergency measures on X on June 25 to address the de-pegging crisis of MIM (Magic Internet Money) stablecoin. As of Thursday, MIM was trading at $0.5027, down 36.65% in a single day. The emergency measures took effect immediately, including gradually raising all Cauldron interest rates and suspending direct incentives. --- Abracadabra Raises Cauldron Interest Rates, Direct Incentives and Curve Bribes Suspended (Source: Trading View) Ab

According to PANews, Abracadabra's MIM stablecoin depegged to approximately $0.50 on June 25, down 36.65% in 24 hours. In response, Abracadabra Finance announced emergency measures including phased interest rate increases across all Cauldrons to encourage debt repayment and reduce MIM's circulating supply. The platform has temporarily suspended direct incentives and Curve bribes until MIM restores its peg.