Project Progress

This essay discusses the inefficiencies of stablecoins, highlighting that 90% are unproductive and act as a hidden tax. It identifies a significant opportunity within DAO treasuries and DEX liquidity, as well as emerging solutions like HyENA and Solomon that aim to enhance yields for users.

Bitcoin Depot appointed Alex Holmes as CEO and chairman to replace Scott Buchanan, focusing on operational stability and compliance amid increased legal pressures. The company anticipates a 30-40% revenue drop by 2026 due to regulatory challenges.

San Francisco, CA, February 26th, 2026, Chainwire SolanaCDN delivers 3.8x faster shred propagation through a global mesh of 35,000+ nodes, provided as a public good for the Solana network Pipe Network today announced the launch of SolanaCDN, a free, open-source Solana validator client with an

Hey Anon launches Pandora, a decentralized AI-driven prediction market on Ethereum, empowering users to create transparent markets without central control. The platform features unique AI consensus mechanisms and aims to innovate the prediction market landscape.

Bitcoin Depot has named the former CEO of payments giant MoneyGram as its new boss amid mounting regulatory pressure from US states over crypto ATM’s use in scams and money laundering.  The company said on Tuesday that Scott Buchanan had immediately stepped down as CEO, a role he served in for

Bitcoin ATM operator Bitcoin Depot announced the appointment of new CEO Alex Holmes in a management restructuring, emphasizing efforts to address an increasingly strict regulatory environment. The company faces investigations and penalties from multiple states, has lowered performance expectations, and seen significant stock price declines. This move demonstrates its response strategy in compliance and business transformation.

Bitmine Immersion Technologies has launched MAVAN, an Ethereum staking platform for institutions, aiming to become the world's largest staking network. Holding 3.14 million ETH valued at $6.8 billion, the company plans to transition its treasury to MAVAN, projected to generate nearly $300 million in annual staking profits.

BlockBeats News: On March 26, Solana ecosystem liquidity protocol Meteora announced that its chart-based DLMM range setting feature has launched on Meteora, supporting the identification of support levels, discovery of resistance levels, and precise viewing of liquidity positions on the chart.

Ripple is testing its RLUSD stablecoin in the Monetary Authority of Singapore's regulatory sandbox, aiming to leverage blockchain technology to automate trade finance payment processes to reduce costs and enhance efficiency. This pilot will enable auto-triggered payments without manual approval, increasing transaction transparency. XRP is currently trading in the range of $1.41 to $1.42, with analysts bullish on its long-term value potential.

Taiwan currently has approximately 1 million cryptocurrency users, representing 10% of the total population. The financial regulatory authority has proposed a draft "Virtual Asset Service Law" that requires operators to place customer assets in trust and segregate them from company assets. Three offshore operators have already established companies in Taiwan to seek compliance licenses. Traditional banks are also actively entering the virtual asset sector, demonstrating the potential of digital asset development.

Gate News, on March 26, Solana Foundation announced that starting May 1, 2026, it will implement new validator delegation program requirements, with a focus on transaction ordering fairness, censorship resistance, stricter timing rules, and limiting ASN and data center concentration. This adjustment aims to enhance network performance and user experience, and the monitoring platform Ghost will assist in tracking and publishing network health metrics.

BitGo partners with Matter Labs of ZKsync to provide banks with end-to-end infrastructure for tokenized deposits, helping bring traditional currency to blockchain without violating regulations. This integration combines BitGo's custody services and ZKsync's Prividium permissioned privacy blockchain, which is designed specifically for regulators, enabling financial institutions to issue and settle tokenized deposits. This move reduces compliance friction, allowing banks to smoothly transition to blockchain technology.

Franklin Templeton is partnering with Ondo Finance to tokenize ETFs and traditional investment products, delivering them to users through blockchain technology, marking a convergence of traditional finance and crypto infrastructure. Tokenization serves as a new distribution mechanism for ETFs, enabling on-chain users to enjoy low-cost passive index investing, though regulatory frameworks remain unclear, impacting the broader adoption of tokenized assets.

Anza has introduced the Constellation Protocol, aimed at eliminating monopolies held by Solana's rotating leaders through a multi-concurrent proposer system and mandatory inclusion thresholds, ensuring transaction ordering is no longer controlled by a single leader. The protocol will feature economic cycles as short as 50 milliseconds and redesign fee structures to eliminate maximum extractable value (MEV) opportunities. Anza plans to launch the Alpenglow mainnet in 2026, further advancing blockchain decentralization.

Visa recently became a super validator of Canton Network and obtained the highest voting weight, marking its first participation in blockchain governance. Visa will advance institutional partnerships, expand stablecoin business, and directly participate in governance decisions. Canton provides privacy protection, which is particularly important for traditional financial institutions, and emphasizes that Visa will not abandon other blockchain deployments.

Elon Musk's social media platform X has appointed Benji Taylor as Head of Design, responsible for platform-wide design, particularly ahead of X Money's launch. Taylor brings extensive cryptocurrency background, including experience with self-custodial wallets and DeFi protocol design. X Money is set to launch in the United States in April 2024, with initial features focused on traditional financial services, and it remains unclear whether blockchain or cryptocurrency functionality will be integrated.

Solana's Chief Product Officer stated that the Solana network has processed 15 million on-chain payments from AI agents, with stablecoins becoming the primary settlement tool. The programmable nature of AI payments gives them an advantage in cryptocurrency payments, and it is expected that most crypto transactions will be initiated by large language models in the future.

Cryptocurrency incubator Obex announces deployment of $1 billion to connect Sky ecosystem's USDS stablecoin with real-world assets, focusing on investments in credit, energy, and AI assets to enhance USDS holder yields and drive the Sky ecosystem beyond pure crypto returns. Sky is the world's third-largest stablecoin issuer and plans to increase USDS supply to $20 billion.

At the New York Digital Assets Summit, Solana executive Vibhu Norby revealed that the network has processed 15 million on-chain payments from AI agents, with stablecoins serving as the primary settlement tool. The programmable nature of AI payments will revolutionize internet business models, and he predicts that 95% to 99% of crypto transactions in the future will be initiated by large language models.

Franklin Templeton partners with Ondo Finance to launch tokenized versions of five ETFs, targeting crypto-native investors. These on-chain funds will enable 24/7 trading and integrate into DeFi. The move marks a significant expansion into tokenization for Franklin Templeton.