Project Progress

Soluna (NASDAQ: SLNH) Holdings has acquired full ownership of another portion of its flagship Texas campus, continuing a broader effort to transform a bitcoin mining complex into an AI and high-performance computing site backed by owned renewable energy. This article first appeared in The Energy

According to Ripple and Project Eleven, the two firms recently announced a collaboration to strengthen the XRP Ledger against quantum computing threats before cryptographically vulnerable systems become at risk. The initiative will conduct a comprehensive audit of XRPL's validator infrastructure,

According to Foresight News, Intersect, Cardano's ecosystem governance organization, has launched the Cardano Critical Integrations V2 proposal requesting 23 million ADA (approximately $23 million) to support critical infrastructure in its second year. The proposal covers maintenance and

On May 21, on X, on-chain developer infrastructure provider Syndicate Labs posted an announcement saying that the company will gradually shut down after building for five years. The confirmed reason is a fundamental contraction in the EVM Rollup market. The announcement also confirmed that all SYND holders have been fully compensated (including a 15% incentive). The compensation funds come from treasury reserves, and an equal amount of SYND has been burned from the treasury to offset supply impa

Pi Network said on May 20 on its official website that Pi founders Dr. Fan Chengdiao and Dr. Nicolas Kokkalis (Dr. Nicolas Kokkalis) gave a talk at the 2026 Miami Consensus conference, where Fan Chengdiao focused on how tokens should serve real users rather than being used only for fundraising. Kokkalis discussed, in a panel discussion, how to verify human identity in the AI era while protecting privacy. Dr. Fan Chengdiao: Tokens should be tools for users, not for fundraising or exit Dr. Fan Che

According to an announcement on X on May 21, Syndicate Labs is winding down operations after five years developing on-chain developer infrastructure. The team cited a fundamental transformation in the Rollup market, with many Rollups closing as new ones launch, moving away from Syndicate's

Crypto Dispensers appointed Vladimir Serna as Chief Operating Officer today (May 21) as the company scales Bitcoin POP™, a software-driven retail cash deposit infrastructure designed as a modern alternative to traditional Bitcoin ATMs. Through Bitcoin POP™, customers generate a barcode in their

According to Token Terminal data, Steakhouse Fi has expanded its lead in Morpho's vault curator ecosystem to approximately $1 billion, significantly ahead of second place. The gap contrasts sharply with one year ago, when the protocol held no substantial advantage over competitors, demonstrating

On May 20, on-chain SocialFi trading card platform Fantasy.top announced that after two years of operation, it will stop all services at the end of June. The platform has cumulatively distributed more than $20 million to players and confirmed that investors will receive a full refund in a 1:1 ratio. Platform monthly revenue fell 93% from its May 2024 peak to about $200k in June 2025. Platform core data: the complete performance report from two years of operation In its announcement, Fantasy.top

According to PANews, on May 21, Fantasy.top announced it will shut down its on-chain trading card platform by the end of June after two years of operation. The team stated that the long-term economics of the TCG model proved unsustainable, with insufficient trading volume to support ongoing operatio

On May 21, TAC released an official post-incident analysis report regarding the May 11 TON-TAC asset bridge security incident. The root cause of the vulnerability was that the sorter software lacked key validation. The total loss was approximately $2.85M (involving USDT, BLUM, and tsTON). About 90% of the stolen assets have been returned to the multi-signature addresses controlled by TAC, and the TAC Foundation will cover the remaining $288k. Incident Root Cause and Attack Technical Details Acco

According to Foresight News, Solana perpetual futures protocol Drift announced that Insurance Fund depositors will be able to withdraw their staked shares after the protocol restarts. The Insurance Fund was not affected by the recent attack, and Drift's own Insurance Fund assets will support the pro

According to PANews, on May 21, TON network extension project TAC disclosed that approximately 90% of the $2.86 million in assets affected by the May 11 TON-TAC bridge security incident had been recovered by May 14. The vulnerability stemmed from a missing verification in the sequencer software;

Sui launched gasless stablecoin transfers today (May 20), a protocol-level feature enabling users and businesses to send supported stablecoins without paying gas fees or holding SUI tokens. Transfer fees on the Sui network are now $0.00. Fireblocks, the enterprise platform securing over $14

Securitize posted record first-quarter revenue of $19.5 million, up 39% from a year earlier, as the tokenization firm expanded institutional partnerships with the New York Stock Exchange and decentralized exchange Uniswap. The company's tokenized assets under management reached $3.4 billion as of

Wintermute has introduced Armitage, a new DeFi vault curation platform designed to apply institutional-grade trading and risk management to decentralized lending markets. The first USDC-denominated vaults are already live on Morpho. Key Takeaways: Wintermute launched Armitage, with 2 USDC vaul

Sentient has officially launched Challenge 0, the latest season of its hackathon. The event offers $6,000 in prizes and MiniMax points to participants.

According to Drift Protocol, after the protocol's recovery, insurance fund stakers can withdraw their corresponding shares. The insurance fund remained unaffected by the vulnerability due to early protocol suspension before losses materialized through liquidation or bankruptcy pathways. Drift Proto

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