Project Progress

Cardano founder Charles Hoskinson warned on May 21 that if the research funding proposal for 32.9 million ADA fails to pass before the June 8 deadline, Cardano will lose its scientists and its core research labs will be forced to shut down. Current on-chain voting shows that about 81% of active dRep are against the proposal, while about 18% support it. Voting status and proposal details: as of the June 8 deadline, the 67% threshold has not been reached The proposal is led by IOG Chief Scientist

According to The Block, Zero Network, Ethereum's Layer 2 network focused on zero-gas transactions, announced its shutdown today (May 22) after 18 months of operation. Launched in November 2024, the network cited that while the vision of building a zero-gas rollup remains valid, maintaining an

According to Foresight News, cross-chain settlement protocol Everclear will cease operations including its foundation, lab, and product development. The protocol's core cross-chain solver business failed to achieve sufficient commercial depth and was unable to convert trading volume into

XRP and RLUSD were described as serving separate XRP Ledger roles, with XRP routing trades and RLUSD supporting dollar-based transactions. Evernorth’s Sagar Shah described XRP as an intermediary asset that routes trades in the background, while stablecoins remain tied to issuer requirements and

According to BlockBeats, on May 22, Dankrad Feist, a former Ethereum Foundation core developer, proposed establishing a new ETH advocacy organization funded with at least $1 billion. The initiative aims to address the

Charles Hoskinson, founder of Cardano, has warned that the blockchain network risks losing its core scientific talent after delegated representatives voted against a major research funding proposal. In a May 20 post on X, Hoskinson expressed deep sadness over the outcome, stating: "Cardano will

According to Hoskinson's May 20 X post, Cardano founder Charles Hoskinson warned that delegated representatives in Japan voted against a major research funding proposal, risking the closure of his laboratory and the loss of core

According to an announcement on X on May 21, Syndicate Labs, a venture-backed Ethereum rollup infrastructure provider, is winding down operations after five years. The company cited a dramatic contraction in demand for shared rollup technology as the primary reason, noting that blockchain

XRP lending utility gained attention alongside advancing digital asset legislation in Washington discussions. Stablecoin borrowing against XRP reinforced broader conversations surrounding crypto collateral infrastructure growth. XRP market capitalization cycles continued reflecting

XRP lending utility gained attention alongside advancing digital asset legislation in Washington discussions. Stablecoin borrowing against XRP reinforced broader conversations surrounding crypto collateral infrastructure growth. XRP market capitalization cycles continued reflecting

Discontent with the Ethereum Foundation intensified Thursday after prominent former developer Dankrad Feist proposed creating a new organization designed to help "save" ETH. Feist called for the community to establish an organization that is economically aligned with Ethereum and accountable to it,

According to a post to X on Thursday, former Ethereum Foundation developer Dankrad Feist proposed creating a new organization with at least $1 billion in funding designed to help advocate for Ethereum. Feist called for competent leadership and a board held more accountable to the community, with the

Hong Kong's first officially approved HKD-backed stablecoin, HKDAP, has completed a live transfer test on Ethereum involving three licensed firms. Summary Anchorpoint Financial, OSL Group, and PantherTrade executed the test on Ethereum mainnet HKDAP is pegged 1:1 to the Hong Kong dollar ("at p

Fantasy Top announced Wednesday it will close at the end of June, about two years after launching on Ethereum layer-2 Blast. The blockchain-based fantasy sports game allowed players to build lineups of NFT trading cards featuring crypto influencers, with payouts tracked through social media

According to BanklessTimes, Sui Network launched gasless stablecoin transfers on its mainnet on May 20, 2026, allowing users to send supported stablecoins without paying gas fees or holding SUI tokens. The feature immediately triggered a price surge, with SUI rising 7.11 percent within 24 hours

MoonPay has acquired Decent.xyz, a YC-backed cross-chain routing and liquidity company, marking its fourth acquisition of 2026, according to an announcement on Thursday. The deal was valued at an eight-figure sum, according to a person familiar with the matter. Through this acquisition, MoonPay is l

According to Foresight News, MegaETH announced on May 21 the early termination of its Terminal Points Program following a data review. Week three points have been distributed normally, and user activity snapshots have been taken for final reward calculations. Eligible participants will receive

According to Foresight News and Circle, Stablecorp Digital announced the launch of QCAD, a Canadian dollar stablecoin, on the Arc testnet. The stablecoin has been integrated with Circle's institutional-grade StableFX forex engine, enabling CAD/USD trading infrastructure within the Arc ecosystem. The

According to Foresight News, Aave's first incentive program on V4 has officially launched. Users can deposit Global Dollar stablecoin USDG to the Main Market and earn rewards paid in USDG. The incentives can be tracked and claimed directly within Aave Pro without leaving the

Sui price is trading between $1.04 and $1.11 on Wednesday, gaining as much as 7% over 24 hours as the network launched gasless stablecoin transfers on mainnet. The new feature allows users and businesses to send supported stablecoins peer-to-peer without paying gas fees or holding a separate SUI