Project Progress

Curve Finance has temporarily suspended its LayerZero infrastructure due to a security incident involving rsETH. The protocol is investigating the issue, affecting certain cross-chain bridging operations while others continue as normal.

Keone Hon suggests that pooled lending protocols should implement gradual rate limits on collateral asset increases to mitigate risks during hacks. He argues this could have prevented significant losses, as seen with rsETH depositors.

SGB enables instant USDC minting and redemption on Solana, improving cross-border payments with real-time settlement. Service targets institutions, removing intermediaries and supporting 24/7 liquidity and treasury management. Expansion plans include more stablecoins and retail access, li

Morpho Association has temporarily suspended the OFT cross-chain bridge for MORPHO tokens on Arbitrum due to recent issues with Kelp DAO and LayerZero Bridge, pending confirmation of the rsETH incident's cause.

Spark Protocol's strategy of delisting low-usage assets and tightening collateral has faced initial backlash but proved wise during market turmoil. While maintaining higher interest rate caps, SparkLend ensures liquidity, unlike Aave, which now faces significant risks.

Kamino has temporarily suspended interactions with LayerZero-related tokens as a precaution, while allowing withdrawals and debt repayments. They emphasize that this measure is for risk management and that user funds are safe.

Marc Zeller of Aave announced his proposal to end the Aave-Chan Initiative Frontier project. He will exit his validator roles, return ETH to protect wETH depositors, and forgo potential income to minimize user impact. Zeller has significantly influenced Aave's incentive mechanisms and plans to exit Aave in July.

RaveDAO addressed recent inquiries about RAVE price changes, denying any team involvement in price manipulation. It underlined its focus on long-term growth in building a music ecosystem and plans to align community incentives, sell unlocked tokens strategically, and donate profits to charity.

Gate News message, according to Onchain, the Aave Multisig Guardian has frozen rsETH on lending markets. This action has been implemented across Aave's lending platforms.

Tobu Top Tours has partnered with SBI Ripple Asia to launch a prepaid token payment platform on the XRP Ledger, gaining regulatory approval in Japan. Set for rollout later this year, it allows users to convert yen into blockchain tokens for various tourism services. SBI Ripple Asia also announced research to enhance Japan-South Korea cross-border payments using the XRP Ledger.

MicroStrategy has proposed changing its STRC preferred stock dividends from monthly to semi-monthly to enhance liquidity and stabilize stock prices, maintaining an 11.5% annual yield. Concerns about this structure have been raised by Bitcoin critic Peter Schiff.

Pi Network has launched its first Smart Contract feature on Testnet, enabling users to set up automatic subscription payments while maintaining control of their funds. This marks a shift toward ecosystem utility and lays the groundwork for potential mainnet deployment.

Topnod has partnered with Layer1 blockchain Pharos, providing a user-friendly self-custody wallet that simplifies access to real-world assets. It will support Pharos's airdrop activities and facilitate the distribution of RWA assets on the Pharos chain.

The Buck protocol announced an immediate shutdown, ensuring holders receive 100% capital returns with fully backed reserves. A redemption window has opened with no time limit for asset retrieval.

Evernorth CEO Asheesh Birla is shifting XRP's role from a settlement tool to a productive asset in decentralized finance, focusing on capital efficiency. The company aims to activate dormant capital through initiatives like native XRP lending, positioning XRP as a key player in credit markets.

Sui has launched USDsui, a stablecoin integrated into its DeFi ecosystem for trading, lending, and application development, enhancing liquidity and supporting developers in building efficient financial tools.

Mitsui & Co. Digital Commodities has launched Zipangcoin (ZPG), representing precious metals, on Optimism's OP Mainnet, enhancing trading efficiency and accessibility for investors. This move supports the adoption of tokenized real-world assets in the digital investment landscape.

Justin Sun said Tron will pursue a post-quantum upgrade, aiming to bring NIST-backed cryptography to its mainnet. Key Takeaways: Justin Sun said Tron will launch a PQC upgrade. NIST standards may strain Tron throughput due to 10x larger signatures. TRX traded near $0.33 as roadmap details

Ramp Network has launched a multichain self-custodial wallet that simplifies buying, selling, trading, and cashing out crypto assets in one app, supporting multiple blockchains and allowing users to maintain control of their assets without relying on third parties.

Intchains Group reported a cumulative staking of 8,040 ETH, with a strategy that includes the FalconX platform and its own Goldshell Stake. The company is also enhancing operations through AI automation to boost efficiency and decision-making.