Project Progress

CoW DAO on April 23 published a compensation proposal (CIP) in the governance forum, proposing the establishment of a discretionary grant program to provide eligible victims of the April 14 cow.fi domain hijacking incident with up to 100% loss reimbursement. The incident is estimated to have caused user losses of about US$1.2 million in USDC. CoW DAO emphasized that the compensation is of a voluntary, special-discretionary nature and does not represent an admission of any legal liability.

Telegram founder Pavel Durov posted on the X platform on April 23, announcing that TON network transaction fees will be reduced by 6x within a week, down to 0.00039 TON per transaction (about 0.0005 USD). The fee rate is fixed and is not affected by network load. Durov also announced that after the fee reduction, most transactions will further move toward a fully free zero-fee model.

Gate News message, April 24 — CoW DAO has proposed establishing a discretionary grant program to compensate users who suffered losses from the April 14 cow.fi domain hijacking incident. The program will provide up to 100% loss reimbursement through a one-time allocation from the legal defense

Gate News message, April 24 — JPG Store, a Cardano ecosystem NFT marketplace, announced on X that it will shut down on May 23 due to unsustainable operations. Both JPG Store and its Comet platform will cease website services, though the underlying smart contracts will remain

EtherFi Foundation submitted a governance proposal on April 24, authorizing the DAO treasury to allocate up to 5,000 ETH to fund the cross-protocol rescue pool for the rsETH vulnerability incident, to fill the shortfall in collateral and prevent Aave and other DeFi lending markets from incurring bad debt. This is part of EtherFi’s “DeFi United” coordinated rescue initiative.

Gate News message, April 24 — Pavel Durov, founder of Telegram, announced that TON network transaction fees will drop 6 times over the next week, falling to 0.00039 TON (approximately $0.0005) per transaction and remaining fixed regardless of network load. Following the reduction, most

Gate News message, April 24 — ether.fi has completed protocol-level security hardening for the weETH cross-chain bridge across most deployment chains, with no vulnerabilities identified. The upgrades proactively eliminate potential risks and grant ether.fi full control over all security-related brid

Gate News message, April 23 — Pyth Network (PYTH), a cryptocurrency data infrastructure provider, announced a major overhaul of its economic model, transitioning from a token-based incentive system to a revenue-driven growth strategy. According to the OP-PIP-100 proposal, the network's existing inf

Key Insights Cardano tokenized a Hannover Re reinsurance product and listed it on the London Stock Exchange, expanding blockchain use in regulated institutional markets. ADA price holds within a descending wedge as support at $0.2400 remains intact while resistance near $0.2550 and $0.2824 l

Gate News message, April 23 — Energy Web is building decentralized infrastructure to verify business logic and claims across real-world markets such as environmental registries, carbon credit systems, and supply chain compliance workflows. Founded in 2017 as the Energy Web Foundation, a Swiss

Gate News message, April 23 — Shytoshi Kusama, lead ambassador of the Shiba Inu ecosystem, returned to X today after a 13-day silence that began on April 9. He confirmed a scheduled community discussion for Saturday, signaling new developments ahead. His updated bio now reads: "Next up: Let's set a

Gate News message, April 23 — Girin Labs has launched the Girin Wallet, integrating Doppler Finance's institutional-grade yield layer to enable XRP and RLUSD payments in everyday transactions. Users can now spend XRP and RLUSD at any Visa-accepting merchant, with transactions settling instantly on t

Key Insights XRP maintains weekly strength above major cryptocurrencies as price holds above key EMAs, reflecting sustained momentum despite minor daily declines in trading sessions. XRPL validators advance lending upgrades through XLS-65 and XLS-66, introducing pooled liquidity vaults and f

XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity. Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.

Gate News message, April 23 — MagicBlock has released Mirage, a command-line privacy payment tool designed for the Solana network. The tool enables users to create wallets, deposit funds, and send private transactions through terminal commands, bots, or AI agents. Mirage is built on Private

Gate News message, April 23 — Morpho Association will conduct a series of transfers from its association-owned wallet over the coming weeks as part of routine fund management operations.

Gate News message, April 23 — Gordon Liao, Circle's chief economist, has proposed raising USDC lending parameters on Aave v3 Ethereum Core this week following a $292 million KelpDAO rsETH exploit that triggered a liquidity crisis across the protocol. Liao's Request for Comment suggests increasing "S

Gate News message, April 23 — ENS announced the upcoming launch of ENSv2, a new domain infrastructure designed for large-scale integration and subdomain expansion. The upgraded system represents ENS's next generation of domain naming architecture, built to support broader adoption and enhanced scal

Gate News message, April 24 — Lido Labs is seeking DAO approval to allocate up to 2,500 staked Ethereum (roughly $5.8 million) to reduce the rsETH deficit caused by the recent Kelp exploit, according to a proposal posted on Thursday. The contribution would be made available only as part of a fully f