Project Progress

According to OSL Group, the company and Tether Point Finance completed the first transfer test of HKDAP (HKD At Par) on the Ethereum mainnet on May 13. The test covered the full process of converting fiat HKD into reserve assets, minting, and transferring HKDAP, with all transactions backed 100%

Bitmine increased holdings to 5.2 million ETH, representing about 4.3% of Ethereum’s circulating supply. The company slowed weekly ETH buying after months of aggressive accumulation exceeding 100,000 ETH purchases. Tom Lee linked Ethereum’s recovery, staking growth, tokenization, and AI

According to The Block, on May 13, KRWQ, a Korean won-denominated stablecoin created by IQ Company and Frax, expanded to Solana network to support on-chain won liquidity. The deployment will enable KRWQ to serve as the core settlement asset for won-denominated trading on Solana, supporting use cases including perpetual futures, on-chain forex markets, arbitrage strategies, won-dollar stablecoin cross-margin trading, and institutional and algorithmic trading systems. The team cited Solana's low-l

According to Foresight News, developer jnix.base.eth announced that x402 has launched batch settlement functionality, enabling AI agents to manage funds on-chain and initiate payments via off-chain credentials. Multiple payment requests can be packed into a single on-chain transaction at minimal

According to Solid Intel, SBI and Startale plan to launch Japan's first yen stablecoin backed by a trust bank in Q2, designed for B2B settlements, cross-border payments, and AI agent transactions.

According to ChainCatcher, Ronin has completed its migration to Ethereum Layer 2 based on OP Stack, reducing RON's annual inflation rate by approximately 9 times to 1.2%. RON remains the network's gas token, and the migration involved minimal downtime. Annual RON token emissions have been cut

According to XYO, the company launched an AI software development kit on May 12 designed to simplify blockchain application creation on XYO Layer One using natural language prompts. The AI SDK enables developers to build decentralized applications through AI coding assistants such as Codex and

According to Kelp DAO, on Tuesday the protocol announced it will resume rsETH operations in the coming days following the April 18 exploit that resulted in a $292 million loss. Kelp will progressively refill 117,132 rsETH—the amount stolen—from its Recovery Safe into the LayerZero OFT adapter on

According to CoinPedia on May 13, Pi Network issued an official clarification on the meaning of the “pending KYC” status, explicitly stating that this status does not mean the application has been rejected. Instead, the system requires additional identity verification before final approval. Pi Network also disclosed that, at present, more than 18.1 million users have completed KYC verification, and more than 16.7 million users have migrated to the mainnet. Official explanation of “pending KYC” A

According to CoinTelegraph’s May 13 report, the Ethereum Foundation announced on Tuesday that the Clear Signing (plain-text signing) security feature released by the Ethereum community has been officially integrated into crypto platforms including Ledger, Trezor, MetaMask, Keycard, WalletConnect, Argot, and Fireblocks. Ethereum Foundation statement and background on blind-signing attacks In a Tuesday statement, the Ethereum Foundation said: “Approving transactions is supposed to be the last line

According to PANews, BIT's U.S. stock business reached $200 million in assets under management on May 13, 100 days after its launch in February 2026. The platform reported that 98% of capital inflows came from stablecoin deposits, eliminating the need for traditional bank card

According to Pi Core Team announcement on May 13, the network clarified that tentative KYC status does not indicate rejection but requires additional verification before final approval. The team released updated network data showing 18.1 million fully KYC'd users and 16.7 million mainnet

According to Foresight News, MegaETH announced the launch of Terminal Points App Wave 4 with 7 new applications now available to users. New integrations include RockSolid, providing institutional-grade liquidity vaults between Ethereum and MegaETH; Cap, a platform offering USD yields and private

According to Foresight News, yield trading protocol Pendle has launched srRoyAPYUSD (expiring November 2026), a protected fixed-income exposure product for STRC tokens, backed by Royco Protocol. The product features a tiered structure: senior capital (srRoyAPYUSD) enjoys protected yields and only

Legend CEO Jayson Hobby, who is dedicated to simplifying on-chain finance into a traditional app-like experience, announced on X on May 13 that the company has decided to shut down after two years of operations. According to Hobby’s statement, the Legend app will continue to operate normally for 60 days and will officially stop service on July 12; existing users should move their funds out of the app before the shutdown. Shutdown Reasons and Background of the Business Decision According to Jayso

Moody's Ratings released an in-depth industry report on May 12, saying that through discussions with U.S. banking industry and financial institutions, as well as a review of publicly disclosed information, an industry consensus has formed that the transition to a digital financial system is taking shape in a “slow at first, then fast” pattern. The report said that the outstanding size of tokenized money market funds (MMF) is $10 billion, and the Depository Trust & Clearing Corporation (DTCC) wil

According to BlockBeats, on May 13, Legend announced it will shut down operations and close its onchain finance application on July 12. The team stated that while the product attracted real users, growth did not reach the level needed for long-term sustainability. Existing users must withdraw

On May 13, CoinTelegraph reported that JPMorgan has filed documents with the U.S. Securities and Exchange Commission (SEC) to launch on Ethereum a tokenized fund called the “On-Chain Liquidity Token Money Market Fund” (JLTXX). It would allow stablecoin issuers to deposit their stablecoin reserves into regulated cash-like instruments while earning interest. JLTXX Fund Core Terms and Design According to an SEC filing (reported by CoinTelegraph), JLTXX’s main terms are as follows: Investment target

According to Startale CEO Sota Watanabe, the Japanese Web3 infrastructure company will launch JPYSC, a bank-backed Japanese yen stablecoin, within coming months. Startale Labs completed a $63 million Series A funding round in March, led by Sony Innovation Fund, with participation from Samsung

According to a statement made by Bitdeer Group Chairman Wu Jihan on X on May 12, Wu Jihan said: “The next target for GPU deployment is 10k units, then 100k units, and then 1 million units.” On the same day, Bitdeer released its April unaudited production and operations update, with AI cloud business annual recurring revenue (ARR) up 60% month over month to $69 million. AI Cloud Business: ARR Rises 60% Month over Month to $69 Million (Source: Bitdeer) Based on Bitdeer’s April operating update, th