Project Progress

Aave founder Stani Kulechov confirmed on X on May 18 that the next step in the rsETH technical recovery plan has been completed, and the WETH loan-to-value (LTV) for all affected networks has been restored to the pre-incident levels. Users can now borrow again on the Aave platform using WETH as collateral, including via the collateral swap and debt swap functions. Restored Features and Affected Network List The specific functions restored: · WETH collateral borrowing feature (re-enabled) · Colla

According to Nikkei Asia, on May 17, SBI Securities and Rakuten Securities are jointly developing a crypto-asset investment trust fund on their own, planning to sell it directly to retail investors. In late April, Hiroyoshi Yamaji, CEO of Japan Exchange Group (JPX), confirmed that if the current Diet session completes the relevant legal reforms and tax policy changes, the Tokyo Stock Exchange could list a crypto ETF as early as 2027. SBI and Rakuten’s in-house development strategy SBI Securities

According to Kelp's announcement on X, the protocol will discontinue rsETH cross-chain support on 20 networks after June 15, 2026. Affected networks include Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche,

According to Aave founder Stani Kulechov, the rsETH technical recovery plan's next phase has been completed on May 18, with WETH lending value ratio (LTV) restored to pre-event levels across affected networks. Users can now borrow

Jump Crypto's Firedancer, a Solana validator client, was deployed on Solana's mainnet and began generating blocks, according to founding engineer Ritchie Patel. The client has already packaged tens of millions of transactions in production, though Patel stated the rollout will proceed

According to ChainCatcher, HypurrFi, a non-custodial lending protocol on HyperEVM, announced it will gradually phase out brand operations and transfer the Mewler lending market infrastructure based on Euler to Euler for maintenance and operations. HypurrFi stated all markets remain solvent with no s

According to BlockBeats, on May 17, trade.xyz acquired the SPCX code on HIP-3 approximately one hour prior. The platform plans to launch SpaceX Pre-IPO perpetual contracts in the coming days. This marks the second Pre-IPO product launch for the platform, following Cerebras Systems. SpaceX

SHIB holds key support near $0.00000589 with improving sentiment and rising trading volume. Shibarium L3 upgrades and privacy tech strengthen Shiba Inu’s long-term utility narrative. Burn system and ecosystem growth could support a potential new SHIB bull cycle. Shiba Inu entered 2026 wi

SBI Holdings (SBI ホールディングス株式会社) announced that SBI NFT Market will terminate its service at the end of June, with SBI VC Trade (SBI VCトレード) serving as the surviving company. The planned effective date of the merger is July 1. According to official information, this change is to respond to the cooling of the global NFT trading market and declining performance, as blockchain application scenarios shift toward the development trend of tokenizing real-world assets (RWA). SBI ends the NFT trading mar

According to BlockBeats, on May 17, several new AI infrastructure projects on Base surged significantly as the ecosystem undergoes a generational shift. Liquid, supporting Venice ecosystem token DIEM, rallied 3x in 3 days to a $4.64 million valuation. GITLAWB, integrating Venice technology,

According to Yonhapnews, KB Financial Group recently completed a pilot program for Korean won stablecoins, covering issuance, offline payments, merchant settlement, and cross-border remittance. Partners include payment platform KG Inicis, Kaia blockchain, and digital asset firm OpenAsset. The

According to BlockBeats, Jump Crypto's Firedancer validator client went live on Solana mainnet on May 17, beginning block production. Firedancer lead engineer Ritchie Patel stated the client has processed tens of millions of transactions in production, while noting the team plans a gradual rollout t

According to Ethena's official announcement, the platform launched an additional $50 million USDG lending capacity. Leveraged USDe Multiply positions on Kamino are currently generating 25%+ APY, with additional liquidity now available to support further cycling demand on

THORChain confirmed a $10 million exploit detected on May 11 and launched a recovery portal on May 16 for affected users to revoke malicious token approvals and submit refund claims. According to PeckShield's post-mortem analysis, trading and outbound signing were paused within 8 minutes of the dete

Aave and Kelp resumed rsETH bridging after transferring the first recovery tranche to LayerZero. New security upgrades include extra transaction attestors and higher block confirmation requirements. Aave founder Stani Kulechov backed the Clarity Act as support for DeFi development in the

According to ChainCatcher, HypurrFi announced on May 16 it will cease brand operations and transfer its Mewler lending market infrastructure on HyperEVM to Euler for maintenance and operation, with a full shutdown deadline of July 15, 2026. The protocol has suspended new borrowing on its Pooled mar

According to Foresight News, Nasdaq-listed treasury company Hyperion DeFi reported Q1 net profit of $8.8 million, a significant improvement from the $39.8 million net loss in Q4 2025. The company increased its HYPE token holdings to over 2 million tokens, adding approximately 60,000 tokens since the

According to BlockBeats, THORChain officially denied rumors circulating on social media on May 16, stating that the project has no ongoing refund, airdrop, or compensation plans. The official statement clarified that multiple fake accounts have been spreading misinformation regarding these

According to Solana's official announcement on May 15, the network activated a quantum signature scheme on its mainnet that reduced required compute units from 770,000 to 444,000, representing a 42% optimization aimed at improving transaction efficiency and lowering resource requirements for network

According to BlockBeats, AVE transitioned to an on-chain fintech platform on May 16, offering Meme spot trading, prediction markets, on-chain derivatives, stocks, pre-IPO access, precious metals, and oil in a unified interface. GANA Payment announced full support for the partnership, with both