Project Progress

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Doctor Fan Chengdiao’s speech: Cryptocurrency token design “speculation” becomes a way to raise capital

Pi Network co-founder Dr. Fan Chengdiao said at the Consensus Miami 2026 conference held in Miami, the United States on May 6 (Wednesday) that the crypto industry has long suffered from a disconnect between token design and actual innovation, and argued that tokens should serve as tools to drive real user engagement and product benefits, rather than as a means for capital raising.
PI-4.5%
MarketWhisper·3h ago
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American Bitcoin uses an overvalued BTC collateral to buy mining machines, implying a discount of 44%

Listed Bitcoin miner American Bitcoin disclosed in its latest quarterly earnings report that in February, it pledged 314 BTC as collateral and paid Bitmain $49.4 million for 80% of the mining equipment purchase. The deal was valued at $125,900 per BTC, but the actual transaction price at the time was below $70k, meaning ABTC effectively bought the mining equipment at an implied discount of about 44%.
BTC-1.95%
MarketWhisper·6h ago
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Hashed Launches Maroo Testnet for KRW Stablecoin Ecosystem

Hashed Open Finance has launched the first public testnet for Maroo, a sovereign layer-1 blockchain designed to support a South Korean won stablecoin ecosystem. The network features a dual-track operational model: an Open Path for unrestricted participation and a Regulated Path requiring prior
GateNews·16h ago

Arbitrum Unfreezes $71M in ETH After Kelp Exploit Recovery Proposal Gains 90.5% Voter Support

According to a proposal co-authored by Aave Labs, Kelp DAO, LayerZero, EtherFi and Compound, Arbitrum's governance voted on May 7 to unfreeze 30,765 ETH (approximately $71 million) frozen after the Kelp DAO exploit. More than 90.5% of voting power, representing 173.9 million Arbitrum tokens, support
ARB1.51%
ETH-2.32%
AAVE-1.57%
GateNews·18h ago

Manta Network Closes Staking Program, Halts Rewards

According to Manta Network, the protocol is closing its staking program, with staking rewards ceasing immediately. Node operators can withdraw at any time. The project cited concerns that inflation-based yield mechanisms would dilute MANTA holder value long-term. Manta Network plans to transition to
MANTA1.87%
GateNews·19h ago