Project Progress

According to The Block, LayerZero issued a public apology Friday for its handling of the April 18 exploit that drained $292 million in rsETH from Kelp DAO's cross-chain bridge. The protocol acknowledged it made a mistake by allowing its Decentralized Verifier Network to serve as the sole verifier fo

Aave liquidated exploit-linked positions and transferred recovered rsETH under approved governance proposals. Court ruling supports transfer of recovered ETH as DAOs coordinate broader recovery and restitution efforts. Next recovery phase focuses on restoring rsETH backing, reopening

According to BlockBeats, on May 9, Andre Cronje shared that USDC on Sonic achieved a 5.11% annualized yield, while USDT and ftUSD on Ethereum reached 5.27%. Cronje emphasized that these yields require no token incentives, subsidies, points systems, leverage loops, staking lockups, or exit queues, an

According to CoinDesk, Trust Wallet and Mesh announced wallet architecture updates on May 9 at Consensus Miami to serve AI agents. Mesh launched Smart Funding, which automatically routes payments across chains and accounts for both users and AI agents. Trust Wallet introduced an AI co-pilot

According to Bloomberg, BlackRock has filed to launch tokenized shares for its $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL) targeting stablecoin holders. The fund invests in cash, U.S. Treasury notes, and securities with remaining maturities not exceeding 93 days. The tokenize

According to PANews, Echelon announced on May 9 the gradual deprecation of kAPT and stkAPT in its core pool on Aptos. The protocol has already disabled borrowing and lending for both assets. Starting May 20, their E-Mode loan-to-value (LTV) ratio will drop to 0%, followed by removal from E-Mode on M

According to CoinMarketCap and Telegram founder Pavel Durov's announcements, Toncoin (TON) surged over 90% between May 3 and May 9, rising from approximately $1.30 to $2.75 by May 7 before settling around $2.50 by May 9. With a market cap now around $6.8 billion, TON has surpassed both Stellar's

Pilot used XRP Ledger and JPMorgan banking rails to settle tokenized U.S. Treasury transactions in seconds. Mastercard connected blockchain infrastructure with traditional banking systems for cross-border settlement workflows. Firms demonstrated 24/7 institutional settlement using tokeniz

According to Pi Network DEX, on May 9, 2026, Pi Network's Core Team removed WorldBanksPi, a top-ranked DApp in the Pi Browser with over 140,000 users, without advance notice or appeal process. The project was identified as a Ponzi-style operation marketing false valuations and deposit-to-earn

According to BlockBeats, on May 9, Bitcoin mining company DMG Blockchain established subsidiary DMG Infrastructure to operate artificial intelligence and high-performance computing (HPC) business. The company plans to transition its data centers toward AI and HPC services. DMG Blockchain

According to BlockBeats, on May 9, Circle's Layer 1 blockchain Arc announced its developer grant program is now open for applications. The program will fund high-quality teams building production-level systems on Arc using USDC and Circle's developer platform, with focus areas including payments,

According to an official announcement published on May 8 on X by the XRP Ledger Foundation, the foundation has formally entered a more open collaborative phase within the XRP ecosystem, and introduced a core management team responsible for day-to-day operations, engineering coordination, and community engagement. The announcement includes role and background descriptions for the Executive Director, Chief Technology Officer (CTO), Operations Director, and Community Lead. Introduction to Core Mana

According to a May 8 report by BeInCrypto, Telegram founder Pavel Durov confirmed that Telegram has officially replaced the TON Foundation and become the largest validator on The Open Network (TON) blockchain; to secure the largest validator slot, Telegram has staked approximately 2.2 million TON tokens. Telegram Takes Over as TON’s Largest Validator: Background and Technical Significance According to BeInCrypto, Durov said this move is the third phase of his plan to “make TON great again,” aimi

According to an official announcement by Aave posted on X on May 9, the launch of Phase 2 of the rsETH incident recovery plan has been declared; the court has issued an order authorizing the transfer of the $71 million worth of ETH recovered by the Arbitrum Security Committee to Aave LLC. The compensation inquiry tool is now officially live, and users affected by the rsETH incident can look up their expected compensation amounts. Completed steps: liquidation, governance proposals, and AIP execut

According to Aave's statement on X, on May 6, eight hacker positions on Aave V3 were liquidated, with the recovered rsETH collateral transferred to recovery custodians. The Arbitrum DAO approved a proposal to return the previously recovered $71 million in ETH. A judge approved Aave LLC's request to

According to Decrypt’s May 9 report, Bitcoin miner and data center operator TeraWulf (WULF) released its 2026 first-quarter financial results, recording a net loss of approximately $427 million. Total quarterly revenue was $34 million, of which revenue from its AI high-performance computing (HPC) business was $21 million, marking the first time in TeraWulf’s history that its quarterly HPC revenue surpassed Bitcoin mining revenue.

BlackRock filed with the SEC to launch two tokenized funds, BSTBL and BRSRV. BSTBL invests in short-term U.S. Treasury bills on Ethereum and issues digital equity. BRSRV is a cross-chain stablecoin reserve tool. The move responds to the emerging Genius Act regulatory framework and shows its long-term strategy to push on-chain assets.

TeraWulf for the first time in 2026 Q1 saw HPC lease revenue exceed Bitcoin mining revenue, accounting for 62% of total revenue. The main reason was Core42’s long-term data center contract; however, the company posted a net loss of $427.6 million this quarter, mainly due to non-cash warrant revaluation and interest costs. The company is driving expansion with a $301.9 million acquisition via Hawesville. It has $3.09 billion in cash and restricted cash, with subsequent progress pending power-up and new customer contract signings.

According to ChainCatcher, Pavel Durov announced on X that TON ranked first in annual staking rewards among the top 50 cryptocurrencies by market cap. The TON network has also reduced transaction fees by 6 times, and Telegram will replace the TON Foundation as the network's largest

According to LayerZero Labs, the protocol's internal RPC infrastructure suffered attacks from Lazarus Group over the past three weeks, affecting 0.14% of applications and approximately 0.36% of total asset value. External RPC providers also experienced DDoS attacks. Despite these incidents, LayerZer