Project Updates

Tracks blockchain projects from inception to their latest updates and major milestones. By covering project financing, partnerships, and product upgrades, it helps investors stay informed about the latest industry trends and developments.

ZEC Co-Founder Responds to Orchard Vulnerability: No Signs of Theft, Orchard Pool to Be Sealed

ZEC Co-Founder Addresses Orchard Vulnerability: No Signs of Theft, Plans to Sunset Orchard Pool A security vulnerability was recently discovered in Zcash's Orchard shielded pool, raising key concerns. The primary questions are whether the flaw was exploited, if user funds are safe, whether users can verify the total ZEC supply, and if other similar vulnerabilities exist. Analysis suggests the vulnerability was likely not exploited prior to its discovery. It was found proactively by a researcher using specialized tools, not due to an active breach. The development team and mining pools acted quickly to contain the issue. Typical financially-motivated attacks would likely have left visible on-chain evidence, which has not been observed. User funds in Orchard are considered safe and should be recoverable, assuming no prior exploitation. If the flaw was never used, all legitimate funds can be withdrawn. The article outlines risks associated with moving funds to transparent addresses or other pools, but concludes that leaving assets in place is a reasonable option. Currently, users cannot independently verify that the total ZEC supply hasn't been inflated due to this bug. However, the planned Ironwood network upgrade is designed to resolve this. It will permanently close the Orchard pool to new deposits and internal transfers, allowing only withdrawals. This mechanism will cap total withdrawals at the amount of legitimately deposited funds, enabling anyone to cryptographically verify the supply post-upgrade. Multiple teams, including Shielded Labs, have conducted extensive audits focused on counterfeiting vulnerabilities, assisted by advanced AI tools. No additional flaws of this type have been found so far, increasing confidence that no other similar undisclosed vulnerabilities exist. In summary, evidence indicates the Orchard bug was probably not used, user funds are secure, and no other counterfeiting flaws are currently known. The upcoming Ironwood upgrade will restore users' ability to independently verify the total ZEC supply, closing this chapter.

Foresight News1h ago

ZEC Co-Founder Responds to Orchard Vulnerability: No Signs of Theft, Orchard Pool to Be Sealed

Foresight News1h ago

Token Of Power Governance Exploit Drains $1.58 Million In WETH, TRM Says

Blockchain intelligence firm TRM Labs reports a governance exploit against the Token of Power protocol, resulting in a loss of approximately $1.58 million in WETH. The attacker exploited a missing timelock in the protocol's Aragon DAO setup, allowing them to propose, vote on, and execute a malicious action within a single block. The attacker funded the operation with 662 ETH from Tornado Cash, purchased enough TOP tokens to gain majority voting power, minted 10 billion new TOP tokens, and swapped them for WETH via a Balancer pool before moving funds back through Tornado Cash. The incident underscores that governance design is a critical security risk in DeFi, where parameters like timelocks provide essential reaction time. It also highlights how mixers and liquidity pools can be utilized in exploits without being directly compromised. Observers are now watching for any movement of the stolen funds and further remediation details from involved parties. This event is part of a broader shift in crypto, emphasizing the importance of underlying infrastructure, security, and governance alongside market movements.

bitcoinist8h ago

Token Of Power Governance Exploit Drains $1.58 Million In WETH, TRM Says

bitcoinist8h ago

Ripple Launches XRPL AI Starter Kit For XRP And RLUSD Agent Payments

Ripple has released the XRPL AI Starter Kit, a Phase 1 developer toolkit aimed at enabling AI agents to make payments using XRP and its stablecoin RLUSD on the XRP Ledger. The kit supports the x402 payment standard and includes a server to connect AI systems like Claude directly to XRPL documentation. This move provides XRP with a new utility narrative focused on autonomous, machine-to-machine transactions, where agents could pay for APIs and services without manual approval for each micro-payment. For the XRP community, it represents a push into tangible payment infrastructure beyond speculation. The announcement is a concrete product update within a broader crypto shift towards valuing infrastructure and utility alongside price. The next steps involve monitoring developer adoption, documentation updates, and testnet activity. The story is based on Ripple's official blog.

bitcoinist12h ago

Ripple Launches XRPL AI Starter Kit For XRP And RLUSD Agent Payments

bitcoinist12h ago

Zcash Founder Says Anthropic AI Audit Found No Serious Protocol Bugs

Zcash founder Zooko Wilcox announced that an AI security audit of the Zcash protocol, conducted by Anthropic's Mythos model at the request of Shielded Labs, found no new serious bugs. This result provides a positive security headline for the privacy-focused cryptocurrency amidst ongoing regulatory and technical scrutiny. The audit highlights the growing use of AI-assisted tools in crypto security, though it is not a replacement for human review. The absence of major flaws supports confidence in the protocol's robustness, but developers emphasize that security hardening work continues. The story underscores a broader industry shift where infrastructure and security updates are becoming central to crypto market narratives.

bitcoinist15h ago

Zcash Founder Says Anthropic AI Audit Found No Serious Protocol Bugs

bitcoinist15h ago

Coinbase And Ethena Launch High Yield USDC Vault Powered By Morpho

Coinbase has launched a new High Yield USDC Vault in collaboration with Ethena Labs and powered by Morpho, curated by Steakhouse Financial. This marks the first live product from the Coinbase-Ethena partnership, offering Coinbase users access to enhanced yields through a simplified interface. Unlike Coinbase's more conservative vaults, this product accepts a broader collateral mix, including synthetic assets like Ethena's USDe, which allows for higher potential returns but introduces greater risks related to collateral behavior and market dynamics. The annual percentage yields (APYs) are dynamic and not guaranteed. The launch underscores a trend of centralized exchanges packaging complex DeFi strategies into user-friendly products, expanding access while highlighting the need for clear risk disclosure. The vault is currently available to eligible users in the U.S. (excluding New York) and select international markets.

bitcoinistYesterday 23:04

Coinbase And Ethena Launch High Yield USDC Vault Powered By Morpho

bitcoinistYesterday 23:04

"119 to 176 Dollars": Behind SpaceX's Listing, MSX Once Again Successfully Executes the Pre-IPO Closed Loop

Following May's 300% gain on Cerebras, MSX delivered another outstanding performance during SpaceX's listing night. On June 12, SpaceX (SPCX) launched on Nasdaq, reaching a high of $176. This marked the successful culmination of MSX's Pre-IPO project launched in March, where users subscribed at $119, achieving gains of approximately 40-48%. This event validated MSX's complete Pre-IPO mechanism, a crucial advantage in a market where access to top-tier private company equity is typically limited to institutions. MSX's model provides a full cycle for users: subscription (at $119 for SpaceX), real-time on-chain portfolio tracking, optional early redemption, seamless conversion to tradable spot assets (SPCX.M) upon IPO, and final settlement in stablecoins. This end-to-end process distinguishes MSX from platforms that faced settlement issues during the SpaceX IPO, highlighting that the core challenge of Pre-IPO is not just access, but a clear exit and conversion path post-listing. This success with SpaceX is MSX's second major Pre-IPO verification, following the Cerebras listing in May, which yielded ~300% returns for early participants. These back-to-back achievements demonstrate MSX's capability to source, structure, and deliver real assets through a replicable on-chain model. The true barrier for Pre-IPO products lies not in providing an entry point, but in ensuring reliable fulfillment from subscription through to post-IPO liquidity. MSX's proven闭环 (closed-loop) process addresses this, offering Web3 users a structured way to access high-growth, pre-public companies in sectors like AI and frontier tech. MSX plans to continue expanding its Pre-IPO portfolio with this focus on authenticity, transparency, and post-listing execution.

Odaily星球日报Yesterday 14:26

"119 to 176 Dollars": Behind SpaceX's Listing, MSX Once Again Successfully Executes the Pre-IPO Closed Loop

Odaily星球日报Yesterday 14:26

Frax Governance Weighs Raising sfrxUSD Aave v4 Allocation Cap To $50 Million

Frax Finance governance is considering a proposal (FIP-4XX) to increase the allocation cap for its sfrxUSD strategy in Aave v4 from $20 million to $50 million. This is framed as a strategic expansion to support ecosystem growth and enhance distribution, not merely a short-term yield play. Aave is a critical DeFi lending market, and deeper integration helps frxUSD and sfrxUSD reach more users and strategies. The raised cap provides deployment flexibility, but actual usage will be managed based on liquidity and risk. The proposal highlights the competition among stablecoin protocols for placement in major DeFi venues and demonstrates how governance uses incremental caps to control growth and risk.

bitcoinistYesterday 13:04

Frax Governance Weighs Raising sfrxUSD Aave v4 Allocation Cap To $50 Million

bitcoinistYesterday 13:04

Arbitrum Foundation Funding Proposal Seeks $16M, 1,700 ETH And 230M ARB

The Arbitrum Foundation is seeking substantial new funding through an on-chain governance vote. The proposal, titled "Continued Funding for the Arbitrum Foundation," requests $16 million in real-world assets (RWAs), 1,700 ETH, and 230 million ARB tokens to support its operations for another year beyond the period covered by a previous funding plan. According to a governance roundup, technical costs are projected to make up 54% of all anticipated expenses for 2027, highlighting the ongoing engineering and infrastructure needs of the Arbitrum One and Nova scaling networks. The vote, which closes on June 25, 2026, presents a key decision for ARB token holders on allocating significant treasury resources to the central operating body. The outcome will signal how Arbitrum's DAO balances decentralization with the practical need to fund ecosystem development, partnerships, and technical maintenance. The large request, particularly for native ARB tokens, makes this a sensitive governance moment with potential implications for market sentiment and the network's competitive position in the Ethereum scaling landscape.

bitcoinistYesterday 10:35

Arbitrum Foundation Funding Proposal Seeks $16M, 1,700 ETH And 230M ARB

bitcoinistYesterday 10:35

Solayer Launches Margin Trade to Consolidate Perpetual Multi-Asset Trading on Mainnet

Solayer, a high-performance SVM-compatible Layer 1 blockchain, has launched its Margin Trade platform on mainnet. This unified cross-asset perpetual trading platform merges traditional and digital finance, developed with input from institutional and crypto trading experts. It offers trading for a diverse range of assets, including top cryptocurrencies, commodities like gold and oil, and equities such as the synthetic MT500 index. Key features include cross-margin trading with a unified collateral pool for improved capital efficiency, real-time execution, and full on-chain transparency with non-custodial asset ownership. The launch includes the first perpetual market for Pearl Research ($PRL) with up to 3x leverage. Future plans involve expanding asset listings and adding isolated margin functionality. Built on the high-throughput Solayer network capable of 330,000 TPS, the platform aims to provide the speed required for serious trading. Following successful testnet phases, Margin Trade's mainnet debut marks a significant step in Solayer's goal to unify traditional and crypto markets on-chain with institutional-grade decentralized finance infrastructure.

TheNewsCryptoYesterday 05:41

Solayer Launches Margin Trade to Consolidate Perpetual Multi-Asset Trading on Mainnet

TheNewsCryptoYesterday 05:41

Popular Interaction Collection | Interstate Launches Points Event; Flip Early Waitlist Application (June 12)

**Interstate Launches Points Event, Flip Opens Early Waitlist Applications** *Originally published by Odaily Planet Daily, author Asher.* **Interstate**, an infrastructure platform integrating on-chain transactions for assets like Meme tokens, prediction markets, and xStocks, has launched a points event. Each trade on the platform now rewards users with points. The project has completed a $1.5 million seed round from investors including MH Ventures, Alchemy Ventures, and Marshland Capital. Users can visit the official website to connect their wallets and start earning points through trading tasks (note: the site may experience high traffic). **Flip**, an AI-powered financial assistant, has opened applications for its early waitlist. The platform allows users to manage finances via chat, helping with spending tracking, bill management, investment portfolio monitoring (including stocks and crypto), and more. Flip recently raised $1.4 million in a pre-seed round led by The House Fund and participated in a16z's Speedrun accelerator. Interested users can join the waitlist via the official website. **ArcNova**, an AI-native infrastructure platform for short-form video and entertainment, continues to offer tasks for earning points. Users can sign in daily, complete social and app tasks, and refer friends to accumulate points. The project announced a $15 million funding round in May, backed by Adaverse Ventures, Animoca Brands, and others. The task portal is accessible through the ArcNova website. These updates highlight ongoing opportunities for user engagement and potential rewards across emerging crypto and AI projects.

Odaily星球日报2 days ago 08:49

Popular Interaction Collection | Interstate Launches Points Event; Flip Early Waitlist Application (June 12)

Odaily星球日报2 days ago 08:49

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