Project Progress

According to MSB Intel, Sui's USDsui stablecoin launched today (May 12) with support for gasless transfers and near-instant settlement. The asset is backed by U.S. Treasuries and issued via Stripe-owned stablecoin infrastructure, combining reduced transaction friction with institutional-grade

According to Bakkt's Q1 2026 earnings report, the company's crypto services revenue fell 77% year-over-year to $243.6 million from $1.07 billion in the prior year period. The company reported a net loss of $11.7 million, or $0.41 per share. Bakkt is pivoting from crypto trading infrastructure to

According to Pi Network's official May update, Pi Network reached 18.1 million KYC'd users in April 2026, with over 100,000 new Pioneers completing identity verification last month. More than 30,000 users migrated to mainnet, bringing total mainnet migrations to 16.72 million. However, a gap of 1.4

According to RippleXity, the XRP Ledger integrated zero-knowledge privacy on May 12, 2026, becoming the first public blockchain with a native privacy layer built for institutional use. DNAOnChain executed the first ZK proof transaction on XRPL testnet on March 25, 2026, verifying genomic data on-cha

According to the Ethereum Foundation's May 2026 Protocol Cluster update, developers announced major milestones for the Glamsterdam upgrade, with the multi-client development network now live and key components including enshrined proposer-builder separation (ePBS) and EIP-8037 progressing toward

Ronin Network completed its strategic migration from a standalone sidechain to an Ethereum Layer 2 using the OP Stack on May 12, 2026. The transition involved approximately ten hours of scheduled downtime at block height 55,577,490, during which all in-game data, marketplace listings, and wallet

According to Bloomberg News, The Bitcoin Society, backed by NBA star Tony Parker and entrepreneur Éric Larchevêque, halted plans to build a crypto treasury in the first quarter. Market conditions deteriorated as Bitcoin dropped more than 20%, making capital raising for Bitcoin reserve accumulation u

According to Decrypt’s report on May 12, Keel Infrastructure Corp. (formerly Bitfarms Ltd.) released its Q1 2026 financial results, recording a net loss of $145 million, with quarterly revenue down 23% year over year to approximately $37 million. This is the company’s first quarterly report issued under the Keel brand. Q1 2026 Key Financial Highlights According to Keel’s official financial report, the company’s key financial metrics for Q1 2026 are as follows: Net loss: $145 million Quarterly re

Ripple and Ondo Finance tested a cross-border tokenized Treasury redemption that combined XRP Ledger settlement with Mastercard messaging and JPMorgan bank rails, according to the pilot announcement. The transaction processed the tokenized asset leg in under five seconds on the XRP Ledger, while Mas

According to CoinDesk’s report on May 12, NFT project Bored Ape Yacht Club (BAYC) has launched a P2P trading marketplace, allowing users to use APE tokens on ApeChain to directly buy and sell BAYC apparel, collectibles, artworks, and various limited items from the club. BAYC P2P Marketplace Features and Platform Architecture According to CoinDesk’s report, the BAYC P2P marketplace is built on ApeChain, enabling users to conduct peer-to-peer trades directly using APE tokens. The trading categorie

According to TransFi, the Dubai-based stablecoin payments infrastructure company launched BizPay, a cross-border payments platform for small and medium-sized enterprises in Indonesia, Malaysia, Vietnam, and the Philippines. The platform offers collections and payouts through a single chat-style

Solana R&D team Anza announced on May 11 that the “Alpenglow” consensus upgrade has officially entered the community validators’ testing phase, aiming to compress block finality time from the current 12.8 seconds to 100 to 150 milliseconds. According to CoinDesk, this is the largest-scale consensus-layer overhaul since Solana launched. Alpenglow has two major components: Votor and Rotor Alpenglow includes two core components that respectively replace Solana’s current Proof of History (PoH) and T

According to an X post by Aptos on May 12, Aptos plans to launch a native encrypted mempool (Encrypted Mempool); after approval by the governance body, Aptos will become the first Layer 1 blockchain to offer users an option to submit transactions into the native encrypted mempool. Per the announcement, the feature achieves complete confidentiality of transaction intent, with trust assumptions consistent with the Aptos network itself. Core Functions of the Encrypted Mempool According to Aptos’ of

According to an announcement on Monday, the Ethereum Foundation has named Will Corcoran, Kev Wedderburn, and Fredrik Haga as the new co-leads of its Protocol cluster. The move comes as prominent developers Barnabé Monnot and Tim Beiko plan to depart the organization, while Alex Stokes goes on

According to Coinfomania’s May 11 report, Pi Network has removed Kawanua VIPi from its browser ecosystem; previously, WorldBanksPi was also taken down last week. Neither removal was notified in advance. Based on confirmation from Pi’s core team, the staked Pi in Kawanua VIPi will be returned to users through the original channels after the staking period ends. Kawanua VIPi Take-Down Details According to Coinfomania’s report, before being removed, Kawanua VIPi had accumulated more than 21,000 sta

According to Foresight News, Dolphin Network announced that all protocol revenues will be used to repurchase POD tokens, directly offsetting inflation. Using Qwen 3.6 35B as reference, Dolphin charges users $0.7 per million tokens while paying node operators $0.5, generating $0.2 net for buyback. P

According to ChainCatcher, Chainlink saw 282,170 and 264,090 unique active LINK addresses on May 9-10 respectively, the highest level since September 2025. The surge in on-chain activity coincides with major institutional DeFi projects announcing migrations to Chainlink CCIP for cross-chain

According to ChainCatcher, Aptos announced it will become the first Layer 1 blockchain to offer a native encrypted mempool following governance approval. The feature provides complete transaction intent confidentiality

Bitmine chairman Tom Lee said on X on May 12 that over the past year, Ethereum supply has remained in a deflationary (contraction) state, and continued buying and staking by crypto treasury companies have further amplified this trend. According to Bitmine’s disclosure on May 11, the company added 26,659 ETH to its holdings last week, significantly lower than the previous three consecutive weeks’ pace of adding more than 100,000 ETH per week. Background of Bitmine’s Slower Accumulation and Its Ho

According to a post by Telegram founder Pavel Durov on X on May 12, TON Core has launched a unified smart contract toolchain called Acton, which went live on May 8. Durov said Acton increases TON smart contract development speed by 10x, replacing TON’s previously fragmented tool stack with a unified development workflow, and it also supports AI. Acton Toolchain Core Functions and Technical Architecture According to Durov’s announcement on X, Acton is an integrated command-line interface (CLI) to