Project Progress

South Korea's largest crypto exchange Upbit has partnered with Optimism Foundation to build a new Ethereum Layer 2 blockchain called GIWA Chain using the OP Stack, according to an announcement on Monday. Upbit will operate the chain itself while the Optimism Foundation provides technical support.

According to official statement, Phi, an on-chain identity project, will cease operations on May 25. The phi.box service and related offerings will shut down, though PHI tokens will remain tradable on Aerodrome. The team cited resource constraints following earlier restructuring efforts as the

According to BlockBeats, Tydro, a lending protocol in the Ink ecosystem, suspended all markets on May 5 following a third-party oracle issue report. The team confirmed user funds remain safe and is actively investigating the

South Korea's largest crypto exchange Upbit has partnered with Optimism to build a new Ethereum Layer 2 blockchain using the OP tech stack, according to an announcement on Monday. The chain, called GIWA Chain, will be the first to launch on the Self-Managed tier of OP Enterprise, meaning Upbit will

The Hong Kong Monetary Authority has issued its first stablecoin issuance licences to HSBC and AnchorX Financial (a joint venture between Standard Chartered Hong Kong, Hong Kong Telecom, and Anz). The two are positioned for retail payments and enterprise cross-border settlement, and will roll out stablecoins for different uses by mid-year and year-end. The regulator said it will decide whether to issue additional licences after observing actual operations and risks, and the number of licences will be strictly controlled. Stablecoins are expected to reduce the cost of cross-border remittances, speed up payments, and in the long run enable second-level account crediting through AI automation of payments.

Tetra Trust has launched CADD, a new stablecoin backed by Shopify and National Bank of Canada among other supporters, designed to enable 24/7 cross-border settlement and real-time institutional transactions. The digital currency targets institutional users seeking to replace legacy batch settlement

According to Compound Foundation, WETH and wstETH Comet markets have resumed trading following coordination with Kelp and Aave teams to avoid disrupting broader DeFi recovery efforts. The foundation noted that temporary halts may occur during liquidation windows related to the vulnerability, with

Aave LLC filed an emergency motion in federal court on May 1 seeking to lift a court-ordered freeze on roughly $73 million in ether recovered from the April 18 Kelp DAO exploit, arguing that temporary possession of stolen assets does not equate to ownership. The motion challenges restrictions preven

According to Benchmark analyst Mark Palmer on Monday, Exodus Movement has crossed a critical threshold as it pivots from a self-custody wallet provider to a crypto payments platform. Palmer maintained a Buy rating with a $21 price target, implying roughly 165% upside from the current price of

Littlebit announced the official launch of its Bitcoin micro-saving app today, enabling users to automatically accumulate Bitcoin through everyday spending by connecting debit or credit cards. In just three months, over 2,500 users have saved more than 5

According to The Block, Base network adopted Succinct's SP1 zero-knowledge virtual machine (zkVM) and Trusted Execution Environments (TEE) today (May 5) to enhance its cryptographic security. The integration will enable Base to achieve 1-day finality by replacing its multi-day optimistic rollup

Aave filed an emergency motion with the U.S. District Court for the Southern District of New York, seeking to lift the freeze on 30,766 ETH (about $73 million). Core arguments: the stolen assets remain the property of the original users, and the thief cannot obtain ownership; when the Arbitrum Safe Committee returns funds, the stolen assets would immediately revert to the victims; the evidence related to North Korea’s Lazarus Group is hearsay, and the hearing is expected to be held at the end of May. This case will affect DeFi governance and future risks around asset ownership.

South Korea's largest crypto exchange Upbit has partnered with Optimism to build a new Ethereum Layer 2 blockchain using the OP Stack technology, according to an announcement on Monday. GIWA Chain will be the first blockchain to launch on the Self-Managed tier of OP Enterprise, meaning Upbit will

Tetra Trust has launched CADD, a new stablecoin designed for institutional use in 24/7 cross-border settlement and real-time corporate treasury operations. The stablecoin is backed by Shopify and the National Bank of Canada, among other backers. CADD aims to replace legacy batch settlement systems w

## DTCC Announces Tokenization Service Rollout The Depository Trust & Clearing Corporation announced on Monday that it will facilitate initial, limited production trades of tokenized real-world assets in July 2026, ahead of the service's full launch in October 2026, according to a statement from DT

Benchmark analyst Mark Palmer said Exodus Movement has crossed a "critical threshold" as it pivots from a self-custody wallet provider into a crypto payments platform, reiterating a Buy rating and $21 price target in a Monday note—representing a roughly 165% jump from its current price of

According to AequiSolva, the company launched its Sentinel Stack™ AI-integrated exchange architecture on April 30, 2026, featuring deterministic execution, AI-driven market surveillance, and the Omni-Attest Engine™ for continuous cryptographic proof of reserves. The platform combines three core

Tetra Trust has launched CADD, a new stablecoin backed by institutional investors including Shopify and National Bank of Canada. The stablecoin is designed for 24/7 cross-border settlement, real-time corporate treasury management, and direct fintech transfers, according to the announcement.