Project Progress

According to BlockBeats, on May 22, Solayer launched a public testnet for Margin Trade, a perpetual trading platform native to Solana supporting unified margin trading across crypto assets, commodities, and stocks. Developed by Solayer Labs in collaboration

According to BlockBeats, on May 22, Circle CEO Jeremy Allaire announced that Circle Wrapped Bitcoin (cirBTC) is launching on Ethereum and the Arc network. Each cirBTC token is 1:1 backed by native BTC held in reserve by regulated entities within the Circle

Zerion announced on May 22 that its Ethereum Layer 2 network Zero Network will be gradually shut down, with resources refocused on Zerion’s API and wallet services. Users need to move all NFTs, ETH, and other tokens out of Zero Network cross-chain to other networks by the end of July. Deposit operations have been suspended. Zerion confirmed users’ asset safety. Shutdown plan: deadlines, asset transfers, and deposit suspension In a post on X, the Zero team said, “We are gradually shutting down ZE

According to Foresight News, Pump.fun has launched USDC trading pair liquidity pools, allowing creators to issue tokens in USDC instead of SOL. The new pairs will raise initial token valuations to $4,000 compared to approximately $2,000 with SOL pairs, and increase early-stage acquisition costs by a

Zerion announced Thursday that Zero Network, an Ethereum Layer 2 focused on gasless transactions, is winding down after 1.5 years of operation. Zero Network initially went live in November 2024. The team stated that while the vision of building the first EVM-compatible, fully gasless rollup to

According to Bankr's X statement, the platform plans to restore all functionality by next week following additional security reviews and monitoring measures in collaboration with zeroShadow and other partners. In the near term, Bankr will gradually restore token issuance and read-only features,

Cardano founder Charles Hoskinson warned on May 21 that if the research funding proposal for 32.9 million ADA fails to pass before the June 8 deadline, Cardano will lose its scientists and its core research labs will be forced to shut down. Current on-chain voting shows that about 81% of active dRep are against the proposal, while about 18% support it. Voting status and proposal details: as of the June 8 deadline, the 67% threshold has not been reached The proposal is led by IOG Chief Scientist

According to The Block, Zero Network, Ethereum's Layer 2 network focused on zero-gas transactions, announced its shutdown today (May 22) after 18 months of operation. Launched in November 2024, the network cited that while the vision of building a zero-gas rollup remains valid, maintaining an

According to Foresight News, cross-chain settlement protocol Everclear will cease operations including its foundation, lab, and product development. The protocol's core cross-chain solver business failed to achieve sufficient commercial depth and was unable to convert trading volume into

XRP and RLUSD were described as serving separate XRP Ledger roles, with XRP routing trades and RLUSD supporting dollar-based transactions. Evernorth’s Sagar Shah described XRP as an intermediary asset that routes trades in the background, while stablecoins remain tied to issuer requirements and

According to BlockBeats, on May 22, Dankrad Feist, a former Ethereum Foundation core developer, proposed establishing a new ETH advocacy organization funded with at least $1 billion. The initiative aims to address the

Charles Hoskinson, founder of Cardano, has warned that the blockchain network risks losing its core scientific talent after delegated representatives voted against a major research funding proposal. In a May 20 post on X, Hoskinson expressed deep sadness over the outcome, stating: "Cardano will

According to Hoskinson's May 20 X post, Cardano founder Charles Hoskinson warned that delegated representatives in Japan voted against a major research funding proposal, risking the closure of his laboratory and the loss of core

According to an announcement on X on May 21, Syndicate Labs, a venture-backed Ethereum rollup infrastructure provider, is winding down operations after five years. The company cited a dramatic contraction in demand for shared rollup technology as the primary reason, noting that blockchain

XRP lending utility gained attention alongside advancing digital asset legislation in Washington discussions. Stablecoin borrowing against XRP reinforced broader conversations surrounding crypto collateral infrastructure growth. XRP market capitalization cycles continued reflecting

XRP lending utility gained attention alongside advancing digital asset legislation in Washington discussions. Stablecoin borrowing against XRP reinforced broader conversations surrounding crypto collateral infrastructure growth. XRP market capitalization cycles continued reflecting

Discontent with the Ethereum Foundation intensified Thursday after prominent former developer Dankrad Feist proposed creating a new organization designed to help "save" ETH. Feist called for the community to establish an organization that is economically aligned with Ethereum and accountable to it,

According to a post to X on Thursday, former Ethereum Foundation developer Dankrad Feist proposed creating a new organization with at least $1 billion in funding designed to help advocate for Ethereum. Feist called for competent leadership and a board held more accountable to the community, with the

Hong Kong's first officially approved HKD-backed stablecoin, HKDAP, has completed a live transfer test on Ethereum involving three licensed firms. Summary Anchorpoint Financial, OSL Group, and PantherTrade executed the test on Ethereum mainnet HKDAP is pegged 1:1 to the Hong Kong dollar ("at p