Project Progress

According to USDD, the Smart Allocator mechanism for the decentralized stablecoin USDD has generated cumulative investment returns of $20.016 million as of June 24. Smart Allocator is a yield-sharing mechanism that deploys capital into quality projects to earn interest and platform rewards, with

Hyperliquid announced today that users should immediately convert USDH to USDC as the platform transitions to USDC as its primary stablecoin and collateral. The shift follows Coinbase becoming Hyperliquid's official USDC treasury deployer. USDH remains fully supported and tradable during the transit

Ethereum co-founder Vitalik Buterin announced on June 23 that the Ethereum Foundation will cut its budget by roughly 40% and eliminate 54 roles as part of a restructuring toward a long-term endowment model. The organization aims to reduce annual spending from about 15% of its treasury to around 5% a

According to Ethereum co-founder Vitalik Buterin's statement on June 23, the Ethereum Foundation will reduce its budget by roughly 40% and eliminate 54 roles, approximately 20% of its workforce, as part of a restructuring toward a long-term endowment model. The Foundation aims to lower annual

According to Foresight News, Altura paused AVLT redemptions on June 23 following a decision to liquidate treasury assets in an orderly manner. Redemptions will resume only after all treasury assets are recovered, reconciled, and independently verified by a third party. Liquidation progress

According to Foresight News, volatility strategy execution layer Hypersurface has acquired Bitcoin vault infrastructure provider Acre today. The acquisition combines Acre's Bitcoin deposit and distribution technology with Hypersurface's

Ethlabs, a nonprofit research and development organization, launched with five former senior Ethereum Foundation researchers to prepare the network for institutional and artificial intelligence-driven activity. The initiative is funded by a coalition led by Bitmine Immersion Technologies,

According to its official announcement, Ethlabs, a nonprofit research and development organization, launched on June 22 with backing from Bitmine Immersion Technologies, Sharplink, Ethereum co-founder Joe Lubin, and other ecosystem partners including Anchorage, Octant, and SNZ. The initiative was co

According to ChainCatcher, Tria, a crypto payment platform, launched Tria Travel on June 22, a travel and experience booking service powered by third-party platform Bookit. The service allows users to book hotels, flights, cruises, and event tickets globally. Users paying with Tria Card

According to ChainCatcher, StarkWare recently launched the STRK20 privacy token standard, enabling users to hide on-chain balances and transaction details while maintaining compliance auditing and regulatory disclosure

According to Foresight News, on-chain yield protocol Tori Finance launched a new pre-deposit vault curated by RockawayX on June 24, with a deposit limit of $50 million and a 2x Cores points multiplier. As of the report, approximately $38.07 million had been deposited, leaving 23.9% of capacity

According to Odaily, Hashi, a bitcoin finance infrastructure native to the Sui ecosystem, announced three new ecosystem partners: Cumberland, SwissBorg, and Fluid, ahead of its global testnet launch in July. Hashi aims to unlock approximately $1 trillion in idle bitcoin for on-chain financial

According to Foresight News, privacy-focused Layer 2 network Aztec has achieved Stage 2 Rollup status on L2beat, a key milestone in decentralization. The protocol's on-chain governance has formally removed all ownership of Rollup contracts, rendering the protocol code immutable and preventing any

Crypto media outlet BlockTempo cited on June 24 a warning from a former Ethereum insider that the Ethereum core development ecosystem may face a “slow-burning liquidity crisis” within the next 3 to 9 months; the backdrop is the Ethereum Foundation completing a 20% layoff and cutting its annual budget by about 40%. Kleros co-founder Clément Lesaege proposed a plan capped at 10% for “validator transfer income”. Lesaege’s staking tax proposal: 50,000 to 70,000 ETH per year Lesaege’s “validator tran

StarkWare introduced 'Private KYC' today to help address personal data breaches. According to the official statement, identity verification currently requests entire documents when only specific facts are

According to Cointelegraph, on June 24, Polkadot OpenGov proposed two new staking proposals (proposals 1909 and 1910) to strengthen validator incentives, remove the nominator slashing mechanism, and reduce the unbonding period from approximately 28

According to Sonic Labs' official announcement on June 24, Fantom Opera will not shut down at month-end but will continue operating at least through year-end, with its cross-chain bridge receiving regular funding support during the period. The company appointed Matt Visser as chief executive

According to KOL koteg on X, Solana ecosystem project @world_xyz purchased the world.xyz domain for $80,000 on June 24. The project's Google page description reads "Trade Everything." Launched in December 2023, the project remains in a "coming soon" state, prompting

Telcoin Digital Asset Bank announced on June 23 that U.S. users can now open bank accounts in the Telcoin wallet that natively bind to eUSD, a stablecoin issued by the bank. Telcoin says it is “the first company to directly connect U.S. bank accounts to on-chain dollars,” enabling users to hold dollars, make payments, and trade digital assets in a single regulated account. Telcoin Digital Asset Bank’s Nebraska DADI License and Its Banking Status Telcoin Digital Asset Bank was established in Nove

According to Cointelegraph and former Ethereum Foundation contributor Trenton Van Epps, the Ethereum core development ecosystem faces a potential funding crisis within three to nine months as legacy support programs expire. Van Epps warned that maintaining over a dozen client, research, and