Project Progress

According to ChainCatcher, Drift Protocol stated on X that after protocol recovery, insurance fund stakers will be able to withdraw their corresponding shares. The insurance fund, designed to maintain protocol solvency during liquidations or insolvencies, was not impacted by the vulnerability as the

According to Drift, Solana perpetual futures protocol, Insurance Fund depositors will be able to withdraw their staked shares after the protocol comes back online on May 20. The protocol said its Insurance Fund is designed to maintain solvency during liquidations or insolvencies, and was not

Polygon launched Open Money Stack on May 19, 2026, a unified application programming interface platform designed to help digital banks and fintech firms manage wallets, payments, compliance systems, and cross-chain settlements through a single operational framework. According to the company, the pl

According to Cointelegraph, Fireblocks announced the launch of Agentic Payments Suite to support x402 protocol AI Agent payments and joined the x402 Foundation. The suite covers the full payment lifecycle for AI Agents, including wallet infrastructure for agent-initiated transfers, merchant

According to an official announcement, Brevis Vera, a media authenticity verification tool developed by ZK-based verifiable computing platform Brevis, is now available to the public. Users can capture images

According to BlockBeats, on May 20, Brevis launched Brevis Vera, an image provenance tool now open to all users. The tool supports C2PA-standard cameras and phones, allowing users to edit images with operations like cropping, exposure, and color adjustment, then generate a zero-knowledge proof

According to ChainCatcher, VEST officially opened global registration on May 20. The protocol, incubated by Anubis Labs and backed by investors including CoinChief, is built on Anubis Chain and aims to connect real assets, liquidity, and digital rights through on-chain

According to its Q1 2026 report released on May 20, Zcash Foundation announced that the SEC concluded its investigation without recommending enforcement action. The SEC investigation, which began with a subpoena issued in August 2023 regarding crypto asset offerings, has now concluded with no enforc

According to Vitalik Buterin on May 20, Ethereum is advancing native privacy with short-term initiatives including the integration of AA and FOCIL to provide first-class support and strong sequencing guarantees for privacy protocol transactions, Keyed Nonces, and access layer work. Vitalik

iM Bank has completed a proof-of-concept (PoC) for a Korean won stablecoin, implementing the full lifecycle from issuance through payment, settlement, and redemption. On the 20th, iM Bank announced the successful completion of the won stablecoin technology verification project, conducted in

According to iM Bank, on May 20, the bank completed a proof-of-concept (PoC) for a KRW-denominated stablecoin with digital asset infrastructure company OpenAsset, implementing the full lifecycle of issuance, deposits, settlement, and redemption. The bank issued iMKRW on the Kaia blockchain network u

Sygnum became the first regulated Swiss bank to conduct live digital asset market transactions through an artificial intelligence agent while maintaining client control over custody, wallet authorization, and final transaction approvals. The pilot project, announced May 18, 2026, represents a

According to ChainCatcher, Lighter has completed verification of its L2 escape mechanism by third-party L2BEAT. The protocol now allows users to withdraw funds to Ethereum without sequencer approval, even if the sequencer fails. Lighter is the first L2 Perp DEX to implement this

According to PANews, on May 20, Lighter completed verification of its "escape mechanism" by third-party L2BEAT, making it the first L2 perpetual DEX to enable permissionless withdrawals to Ethereum even when its sequencer malfunctions. Users can withdraw their funds from Lighter's L2 directly to Eth

Pi Network has rolled out a major update to Pi App Studio while completing one of its most complex node upgrades. The V23 protocol upgrade entered final deployment stages with most major Mainnet node operators successfully migrated, and the protocol expected to transition fully in the coming

According to independent analyst Markus Thielen, HYPE has surged over 100% since 2026 lows, becoming one of the strongest performers in the crypto market. The rally is driven by Hyperliquid's expansion into traditional finance-linked assets, including oil futures and SpaceX perpetual contracts,

Hyperliquid has updated the official documentation for HIP-3 (builder deployment of Perpetual Contracts), confirming that the 500k HYPE collateral threshold required for deploying the perpetual DEX on the mainnet will “gradually be reduced as the infrastructure matures,” and any collateral portion staked above subsequent lower thresholds can be withdrawn. HIP-3 inherits HyperCore’s high-performance margin guarantees and order book technology stack. Confirmed Terms for Collateral Thresholds Core

According to BlockBeats, on May 20, Hyperliquid updated its HIP-3 documentation, lowering the 500,000 HYPE staking requirement for perpetual DEX deployment. The updated document states the requirement "will be reduced progressively as infrastructure matures," with any staked HYPE exceeding future th

According to Odaily, Soneium's Mini Apps Carnival launched today, featuring 17 ecosystem mini applications with a combined rewards pool of $9,000 plus STAR Points. Users completing tasks can earn both STAR Points and project-specific rewards. The initiative also