Project Progress

Coinbase's developer platform upgrades the x402 protocol, launching the “Upto” plan and enabling a variable pricing mechanism that replaces the previous fixed-fee model to support large language model (LLM) inference and related computing services. This plan is intended to address the issue where users can’t predict costs because they pay fixed fees, with the final amount paid not exceeding the user-set cap. The x402 protocol has been taken over by the Linux Foundation, but transaction volume has continued to decline after the 2025 peak, and it remains to be seen whether the Upto upgrade can boost network activity.

Gate News message, on April 10, according to Gate market data, as of the time of publication, TAO (Bittensor) is trading at $269.80, down 16.28% over the past 24 hours. It reached a high of $341.10 and fell to a low of $248.60. The 24-hour trading volume is $14.71 million. The current market cap is approximately $2.59B. Bittensor is an open-source protocol that supports a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and earn rewards in TAO based on the value of the information they provide to the collective. TAO also enables external access, allowing users to extract information from the network and adjust network activity according to their own needs. --- Key recent news about TAO: 1️⃣ **

AaveLabs proposed a plan to list Ethena’s synthetic stablecoin USDe on the Aave V3 MegaETH market. The biggest highlight is the “yield passes through” mechanism: by depositing USDe, users can earn the returns of sUSDe, without any additional staking. LlamaRisk says it supports the move, but notes that the bridging route for USDe carries concentration risk, since a communication outage could affect the return of funds. This move demonstrates Ethena’s expansion plans and aims to improve MegaETH liquidity.

Olaoluwa Osuntokun of Lightning Labs has revealed a prototype for a Bitcoin wallet rescue mechanism to aid wallets at risk due to future quantum upgrades. The tool leverages zk-STARK proofs and aims to provide a fallback for BIP-86 wallets, allowing them to transition to a post-quantum environment without exposing sensitive seed information.

Bittensor co-founder Jacob Steeves responded to Covenant AI’s exit from the network, proposing to restart the subnet governance mechanism and bring in community votes to elect the team. He believes this is an opportunity to redefine the subnet’s form and criticized Covenant AI’s founder’s decision-making.

StarkWare’s Avihu Levy publicly unveils a post-quantum bitcoin trading scheme, “Quantum Safe Bitcoin (QSB),” which can fend off quantum attacks without modifying the Bitcoin protocol. QSB addresses the quantum-safety problem using a hash function; it runs within the existing framework, and each transaction requires roughly $75 to $150 in computational fees. The scheme has not yet been integrated into consumer wallets, so users should avoid reusing addresses and monitor the wallet development progress.

Gate News update: On April 10, Uniswap founder Hayden Adams posted on a social platform today, asking whether there are any Anthropic (an AI technology company) related resources for coordination, and said he hopes to test Mythos on Uniswap.

Pi Network released version 21 on April 9. The key update is that the testnet RPC has officially gone live, providing developers with a secure environment to test smart contracts and DApps. Next, smart contracts are expected to be deployed within two months, enabling Pi幣 to transition from a community token into a functional digital asset and to support DeFi applications and automated workflows, while also advancing the KYC migration to ensure compliance.

Pi Network has introduced a new tool for developers. The project has launched an RPC server on its testnet. This update is an important step toward building smart contracts and real applications on the network For now, the feature is only available in the test environment. Still, it shows that Pi

Ethereum researchers propose EIP-8142, aiming to encode transaction data directly into blobs, reducing validators' data processing load and addressing scalability issues. This shift could enhance network efficiency while prompting broader architectural considerations.

7K DeFi opens to the public April 9 at 8am UTC with something unusual for mobile: a full suite of decentralized finance tools that don’t require you to hand over your private keys. The platform, built on Sui Network, combines swaps, limit orders, dollar-cost averaging, lending, and yield farming in

Covenant AI announced that it is exiting the Bittensor network, questioning the authenticity of its decentralized governance structure and believing that decision-making power is centralized and lacks transparency. In recent subnet operations, it encountered improper behavior such as adjustments to management privileges. It believes this is inconsistent with the principles of decentralization. Covenant AI will continue to push forward in the direction of decentralized AI training.

WLFI’s official response to market concerns says there is no liquidation risk, and that it relies on adding collateral to handle market volatility. Current annualized revenue is about $159.5 million, and it is set to buy back 435 million WLFI tokens. Next week, it will put forward a governance proposal to discuss unlocking early locked tokens and upgrading the USD1 feature.

Circle has launched its Stablecoin Payouts service for Singapore partners, enhancing its payment infrastructure in Asia. This service facilitates compliant cross-border transfers using USDC, aiming to streamline fund movement while addressing regulatory concerns.

Swiss financial institutions, including UBS and PostFinance, are testing a Swiss franc stablecoin in a controlled sandbox until 2026 to explore blockchain payment systems. The initiative aims to develop a digital money ecosystem while mitigating risks and ensuring compliance.

SBI Ripple Asia has developed a token issuance platform on the XRP Ledger, allowing businesses to integrate token management via API without overhauling customer interfaces. This approach encourages blockchain adoption by blending seamlessly with existing infrastructure.

Solana is collaborating with Project Eleven to develop quantum-resistant signatures, facing challenges with larger signature sizes and a 90% reduction in network speed. This raises concerns about balancing future security with current performance and scalability.

XRP has gained 5% from a support level of $1.28 due to increased whale accumulation, with large holders now buying over 11 million XRP daily. Ripple executives are attending a significant XRPL event in Japan, though broader market sentiment remains cautious amid geopolitical tensions.

Solana Foundation has introduced Solana Agent Skills, a toolkit for integrating prebuilt on-chain capabilities into AI tools, enabling faster development of AI agents that can execute blockchain actions efficiently. This simplifies the process for developers and positions Solana favorably in the evolving intersection of crypto and AI.