Project Progress

Onchain perpetuals exchange Ostium unveiled a major backend infrastructure overhaul on Tuesday, according to the team's announcement. The platform introduced a new real-time decentralized execution layer representing a novel application of onchain liquidity pools with offchain hedging, and added

Gate News message, April 28 — Russia's A7A5 ruble-pegged stablecoin processed 7.5 to 8 trillion rubles ($100–106 billion) in cross-border transfers within a year, driven by integration with decentralized finance (DeFi), according to Oleg Ogienko, the project's Director for International

Gate News message, April 28 — Ostium Labs rolled out its first decentralized execution layer on Tuesday, an architectural upgrade that routes net directional flow from traders to a network of institutional hedging partners, including Jump and prime brokers active in traditional markets. Under the n

Gate News message, April 28 — Amboss Technologies launched RailsX, a peer-to-peer Bitcoin and stablecoin trading platform built natively on the Lightning Network. The platform enables users to trade Bitcoin against stablecoins while retaining full self-custody, with no centralized order book and no

Gate News message, April 28 — The Over Foundation announced it has ceased operations of all Over Protocol infrastructure and services, including OverWallet, OverNode, OverFlex, RPC nodes, block explorer, and related APIs, due to financial limitations. The foundation stated there are no plans to

Gate News message, April 28 — TON Tech, the development team behind Telegram's preferred blockchain TON, has launched AI-powered agents capable of autonomously executing key on-chain transactions. Users can fund a dedicated wallet for an agent, which can then perform transfers, swaps, DeFi

Gate News message, April 28 — BlockCoop SACCO has launched Kenya's first blockchain-powered SACCO (savings and credit cooperative), introducing a technology-driven model designed to modernize traditional cooperative finance. The initiative leverages blockchain infrastructure to improve liquidity, in

Gate News message, April 28 — The crypto industry is experiencing a wave of project shutdowns this year, affecting trading platforms, analysis tools, and other services. Decentralized email service Dmail cited high infrastructure costs, failed fundraising, and weakened token utility as reasons for c

Gate News message, April 28 — Rune Christensen, founder of Sky Protocol, published a proposal on the Sky governance forum on April 24 to permanently exit the protocol's bootstrap funding phase following the transfer of Genesis Capital to Grove, an institutional credit allocator in the Sky Agent

According to a CoinDesk report on April 28, Israel’s Capital Market, Insurance and Savings Authority has officially approved the issuance of stablecoin BILS by local exchange Bits of Gold—this is the first regulated fiat-backed stablecoin in Israel’s history, pegged 1:1 to the Israeli shekel (NIS). BILS is issued on the Solana blockchain, has passed a regulatory sandbox pilot program lasting up to two years, and has officially entered a limited-scale live launch stage. BILS: The first time the shekel goes on-chain, with Solana as the underlying layer Key specifications of BILS: Issuer: Bits of Gold (a longstanding local crypto exchange in Israel) Peg: 1:1 fully backed by the Israeli shekel (NIS)

Gate News message, April 28 — Cardano Foundation CEO Frederik Gregaard highlighted ADA's unique role in supporting traditional financial infrastructure during a panel at Paris Blockchain Week. Gregaard stated that Cardano is the only blockchain capable of supporting the Legal Entity Identifier

Gate News message, April 28 — Solana has published a comprehensive roadmap addressing the potential impact of quantum computing on blockchain technology. While quantum threats remain years away, the ecosystem is actively preparing technical defenses to mitigate these risks. Anza and Firedancer,

Gate News message, April 28 — Pharos announced the launch of its Pacific Ocean Mainnet, the first native asset-class Layer 1 network designed specifically for high performance and regulatory compliance. The project previously unveiled the economic framework for its native token, PROS, with a

Gate News message, April 28 — Boros, a platform under Pendle, announced a UI interface update that replaces position value and leverage with interest rate sensitivity and daily volatility as primary metrics for measuring position size. Interest rate sensitivity measures the dollar amount (or

Gate News message, April 28 — iM Bank, a South Korean commercial bank, has launched a strategic initiative to develop a won-based stablecoin ecosystem through a partnership with Finger and Valley Data. The collaboration aims to combine traditional banking reliability with blockchain efficiency to

Layer 1 network ZetaChain has paused cross-chain transactions on its mainnet after identifying an attack on its GatewayEVM contract, according to The Block. The incident impacted only internal ZetaChain team wallets, with no user funds affected, the team stated. According to DefiLlama data, $300,000

Gate News message, April 28 — Privacy wallet infrastructure platform Privy has launched advanced API Wallet Actions to streamline common on-chain operations, including transfers, token swaps, and yield earning. Developers can now call a single endpoint, with Privy automatically handling

Gate News message, recent data from CryptoRank.io shows significant TVL fluctuations among major blockchains over the past 30 days. Optimism experienced an 87.83% increase, primarily attributed to ether_fi's migration to the network. In contrast, Plasma recorded a 61.78% decrease in TVL. The data a

Gate News message, April 28 — Japan's Financial Services Agency (FSA) has officially classified JPYC, the country's first JPY stablecoin issuer, as a "payment service provider" in its official publication Access FSA. JPYC will now operate under the same legal framework as PayPay, Rakuten Pay, and