Project Progress

According to LayerZero's official blog post on Friday, the protocol issued a public apology for its handling of the April 18 exploit that drained $292 million in rsETH from Kelp DAO's cross-chain bridge. LayerZero admitted it made a mistake by allowing its Decentralized Verifier Network to serve

According to Digital Asset's weekly altcoin schedule, multiple tokens will undergo significant unlocking events between May 11 and May 16. MOCA will unlock 275.8 million tokens on May 11 at 11 p.m. KST, representing 3.1% of total supply. APT will release 11.3 million tokens on May 12 at 9 a.m. KST,

Aave liquidated exploit-linked positions and transferred recovered rsETH under approved governance proposals. Court ruling supports transfer of recovered ETH as DAOs coordinate broader recovery and restitution efforts. Next recovery phase focuses on restoring rsETH backing, reopening

According to PANews, Echelon announced on May 9 a phased deprecation of kAPT and stkAPT in its core pool on Aptos. Deposit and borrowing functions for both assets are already disabled. Starting May 20, E-Mode LTV (loan-to-value ratio) will drop to zero; on May 27, both assets will be removed from E-

According to The Block, LayerZero issued a public apology on Friday for its handling of the April 18 exploit that drained roughly $292 million in rsETH from Kelp DAO's cross-chain bridge. The protocol acknowledged it made a mistake by allowing its Decentralized Verifier Network (DVN) to serve as the

According to The Block, on Friday (May 9), Judge Margaret Garnett of the U.S. District Court for the Southern District of New York modified a restraining notice that had locked 30,766 ETH (~$71 million) inside Arbitrum DAO since May 1. The modification permits an onchain governance vote to

According to ChainCatcher, Tether's USDT0 protocol unveiled its security architecture following the Kelp incident, implementing a 3/3 verification consensus mechanism requiring three independent validators using separate codebases. Current validator nodes include USDT0's proprietary DVN,

According to BlockBeats, RWA protocol LienFi minted the first tokenized U.S. real estate tax lien on Base today (May 10). The tokenization represents the protocol's initial issuance of real-world assets on the Base

Cross-chain protocol LayerZero issued a public apology on May 9 (U.S. time), acknowledging a design flaw in the Kelp DAO hacker incident. CoinDesk, citing LayerZero’s official blog, wrote: “First things first: a belated apology. We allowed DVN to operate in 1/1 mode for high-value transactions—this is a mistake.” The position shifted from prior weeks’ accusations about “Kelp’s own configuration choices” to taking responsibility at the infrastructure layer itself. The attitude reversal occurred t

Evernorth says XRP’s institutional case rests on infrastructure built for regulated capital, not price charts or ETF demand. The firm pointed to XRPL upgrades involving compliance controls, restricted environments, escrow tools, and approved trading venues. Key Takeaways: Evernorth says XRP’s

According to The Block, on Friday, Judge Margaret Garnett of the U.S. District Court for the Southern District of New York partially unblocked 30,766 ETH (approximately $71 million) frozen inside Arbitrum DAO since May 1, allowing an on-chain governance vote to transfer the ether to a digital

According to The Block, LayerZero issued a public apology Friday for its handling of the April 18 exploit that drained $292 million in rsETH from Kelp DAO's cross-chain bridge. The protocol acknowledged it made a mistake by allowing its Decentralized Verifier Network to serve as the sole verifier fo

Aave liquidated exploit-linked positions and transferred recovered rsETH under approved governance proposals. Court ruling supports transfer of recovered ETH as DAOs coordinate broader recovery and restitution efforts. Next recovery phase focuses on restoring rsETH backing, reopening

According to BlockBeats, on May 9, Andre Cronje shared that USDC on Sonic achieved a 5.11% annualized yield, while USDT and ftUSD on Ethereum reached 5.27%. Cronje emphasized that these yields require no token incentives, subsidies, points systems, leverage loops, staking lockups, or exit queues, an

According to CoinDesk, Trust Wallet and Mesh announced wallet architecture updates on May 9 at Consensus Miami to serve AI agents. Mesh launched Smart Funding, which automatically routes payments across chains and accounts for both users and AI agents. Trust Wallet introduced an AI co-pilot

According to Bloomberg, BlackRock has filed to launch tokenized shares for its $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL) targeting stablecoin holders. The fund invests in cash, U.S. Treasury notes, and securities with remaining maturities not exceeding 93 days. The tokenize

According to PANews, Echelon announced on May 9 the gradual deprecation of kAPT and stkAPT in its core pool on Aptos. The protocol has already disabled borrowing and lending for both assets. Starting May 20, their E-Mode loan-to-value (LTV) ratio will drop to 0%, followed by removal from E-Mode on M

According to CoinMarketCap and Telegram founder Pavel Durov's announcements, Toncoin (TON) surged over 90% between May 3 and May 9, rising from approximately $1.30 to $2.75 by May 7 before settling around $2.50 by May 9. With a market cap now around $6.8 billion, TON has surpassed both Stellar's

Pilot used XRP Ledger and JPMorgan banking rails to settle tokenized U.S. Treasury transactions in seconds. Mastercard connected blockchain infrastructure with traditional banking systems for cross-border settlement workflows. Firms demonstrated 24/7 institutional settlement using tokeniz

According to Pi Network DEX, on May 9, 2026, Pi Network's Core Team removed WorldBanksPi, a top-ranked DApp in the Pi Browser with over 140,000 users, without advance notice or appeal process. The project was identified as a Ponzi-style operation marketing false valuations and deposit-to-earn