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.

After SEC relief, Aave confronts its biggest governance question yet

The U.S. SEC has closed its four-year investigation into Aave, providing regulatory relief to the protocol. Shortly after, a new governance proposal was introduced, calling for AAVE token holders to take full ownership of Aave’s brand, domains, social channels, and developer gateways. If approved, this would mark one of the most significant decentralization efforts in DeFi history. The proposal, put forward by BGD Labs co-founder Ernesto Boado, argues that key assets like the Aave trademark and digital properties should be controlled by the DAO rather than private entities, including Aave Labs. It emphasizes that this is not an attack on Aave Labs but an effort to establish clear, neutral ownership under community governance. This move could strengthen Aave’s decentralization, improve institutional trust, set a precedent for other DAOs, and enhance the value of AAVE tokens. The proposal has garnered significant attention from token holders and delegates, marking a potential turning point in DeFi governance and ownership structures.

ambcrypto12/16 17:45

After SEC relief, Aave confronts its biggest governance question yet

ambcrypto12/16 17:45

Kraken lists $KULA to advance Global impact investing

Kraken has listed $KULA, the native governance token of Kula, a decentralized impact investment platform built on Avalanche. The listing aims to expand global access to Kula’s community-driven investment model, which focuses on real-world assets in emerging markets. The Kula DAO has deployed over $50 million across projects including a limestone concession in Zambia, hydropower development in Nepal, and electric mobility infrastructure in East Africa. CEO Paul Jackson emphasized that Kula opens up traditionally overlooked sectors to investment while empowering local communities through decentralized governance. The platform combines blockchain-based decision-making with regulatory compliance, offering transparent, high-impact opportunities to investors and promoting long-term economic resilience.

TheNewsCrypto12/16 15:15

Kraken lists $KULA to advance Global impact investing

TheNewsCrypto12/16 15:15

OpenSea Enables NFT Purchases Using Power Protocol’s $POWER Token

OpenSea now supports the use of Power Protocol’s $POWER token as a payment method for NFT purchases on its marketplace. The $POWER token, which is earned through gameplay in titles like Fableborne, can now be used directly without conversion to other assets. This integration connects in-game rewards with one of the world’s largest NFT marketplaces, expanding the token’s utility beyond gaming into broader digital commerce. According to Kam Punia, CEO of Pixion Games, the move enables game-earned value to participate in the wider digital economy. Oliver Maroney of OpenSea highlighted that the integration aligns with their vision of flexible, onchain transactions and supports the growing demand for portable in-game assets. The Power Protocol serves as a shared infrastructure designed to connect multiple games and applications through a common token economy.

TheNewsCrypto12/16 15:13

OpenSea Enables NFT Purchases Using Power Protocol’s $POWER Token

TheNewsCrypto12/16 15:13

Circle Acquires Axelar Team but Excludes Token, How Should Token Holders Respond to Value Stripping?

Circle, the stablecoin giant, has announced the acquisition of the core team and technology behind Axelar Network's initial team, Interop Labs, to advance its cross-chain infrastructure strategy. However, the acquisition explicitly excludes the Axelar Network project itself, its foundation, and the AXL token, which will continue to operate independently under community governance. This has led to a sharp 15% drop in AXL's price. The move has sparked significant controversy, highlighting the ongoing debate over "equity vs. token" interests in the crypto industry. Critics, including VCs and industry figures, argue that the acquisition effectively abandons token holders who supported the project, calling it a "rug pull" and morally questionable. They emphasize that while the team and intellectual property were monetized, token investors were left with depreciating assets. Supporters, however, view it as a standard market practice, noting that tokens sit at the bottom of the capital structure in traditional finance, behind debt and equity. They argue that Circle’s decision reflects rational business logic, where acquirers prioritize valuable assets like talent and IP without obligation to token holders. The core issue revolves around the ambiguous legal and economic nature of tokens—often treated as "quasi-equity" during bullish phases but stripped of rights in events like acquisitions. The incident underscores the need for clearer definitions and structures for tokens to protect investors and ensure fairness in future deals.

比推12/16 15:08

Circle Acquires Axelar Team but Excludes Token, How Should Token Holders Respond to Value Stripping?

比推12/16 15:08

Independent Audit Verifies Gold Reserves Backing Kyrgyzstan’s USDKG Stablecoin

An independent audit by Kreston Global has verified the gold reserves backing the USDKG stablecoin issued under the regulatory framework of the Kyrgyz Republic. The audit confirmed that 376 kilograms of gold, valued at $50.3 million, are securely stored and fully collateralize the first 50 million USDKG tokens. The review included physical inspections, documentation checks, and on-chain wallet verification, ensuring transparency and chain-of-custody integrity. USDKG is designed for global interoperability and operates under state oversight without political influence. The project aligns with growing institutional interest in asset-backed stablecoins and reflects Kyrgyzstan’s established legal framework for virtual assets.

TheNewsCrypto12/16 14:27

Independent Audit Verifies Gold Reserves Backing Kyrgyzstan’s USDKG Stablecoin

TheNewsCrypto12/16 14:27

WEEX Completes $2 Million WXT Buyback, Rewarding User Support for 'Futures Mining'

Global cryptocurrency exchange WEEX has completed a $2 million buyback of its native token WXT, repurchasing 72,571,028 WXT tokens. The move is part of the platform’s effort to reward users for their participation in the "Futures Mining" campaign, which offers up to 30% trading fee rebates in WXT. The campaign, originally scheduled to end on December 15, has been extended by 10 days to December 25 due to high user demand. Participants receive real-time WXT rewards for each futures trade, with higher trading volumes unlocking greater rebate tiers, ranging from Bronze to King Miner levels. To prevent inflation and support token value, WEEX used its own funds for the buyback, maintaining WXT’s scarcity. Since its launch in July 2024, WXT has seen significant growth, with year-to-date gains of around 70%, making it one of the top-performing exchange tokens. WEEX has conducted four buybacks to date, burning 41.24% of WXT’s total supply. Additional token utility includes fee discounts, airdrops, and membership benefits, offering holders an estimated annualized return of 660.61%.

marsbit12/16 13:58

WEEX Completes $2 Million WXT Buyback, Rewarding User Support for 'Futures Mining'

marsbit12/16 13:58

When Breakpoint Becomes a 'Festival': Why Solana Still Puts Builders Center Stage

Breakpoint 2025 in Abu Dhabi marked a significant evolution for the Solana ecosystem—from a developer-focused gathering into a global “festival” of builders, capital, and cultural energy. Authored by Abhitej, a long-time Solana builder, the piece reflects on whether the event has retained its builder-first ethos amid rapid scaling and institutional interest. Unlike traditional conferences, Breakpoint felt open, decentralized, and intentionally designed to reduce hierarchy. It balanced the presence of developers, founders, creators, and investors without letting any group dominate. The agenda emphasized short, high-signal talks and demos, giving more people visibility. Solana’s culture stands out for rejecting elitism—anyone building something meaningful, no matter how small, gets a platform. The ecosystem embraces what works, from DeFi and infrastructure innovation to memecoins, learning from both successes and failures. Despite market turbulence, Breakpoint 2025 felt grounded in product-building, with mature discussions on scalability, cost, and real-world use cases. The energy was optimistic yet pragmatic—a celebration of creation, not extraction. While some insular “Solana-only” attitudes persist, the overall vibe was collaborative and forward-moving. Abu Dhabi’s setting contributed to the event’s inclusive, international atmosphere. Breakpoint has outgrown the conference model—it’s now a cultural festival embodying the open, builder-centric spirit of the next internet.

marsbit12/16 13:53

When Breakpoint Becomes a 'Festival': Why Solana Still Puts Builders Center Stage

marsbit12/16 13:53

WEEX Completes $2 Million WXT Buyback, Rewarding Users for Supporting 'Futures Mining'

On December 16, the cryptocurrency exchange WEEX announced the completion of a $2 million WXT token buyback, repurchasing 72,571,028 WXT from the open market. This initiative is part of the platform’s effort to reward users for their participation in the "Futures Mining" event, which offers up to 30% trading fee rebates distributed in real-time as WXT. The Futures Mining campaign, launched on November 26, allows users' contract trading to function as a form of mining—where higher trading volumes yield greater rebates. Due to its popularity, the event has been extended by 10 days, now running until December 25. Top participants have already generated over $9.1 billion in trading volume, earning more than 3 million WXT in rewards. Unlike typical mining programs that may cause token inflation, WEEX’s buyback mechanism ensures WXT remains deflationary. To date, WEEX has conducted four buybacks, destroying 41.24% of WXT’s total supply. The token has risen over 180% since its launch in July 2024, making it one of the top-performing exchange tokens this year. WXT also offers additional utility including fee discounts, airdrops, and membership benefits, with an estimated annualized return of 660.61% for holders.

深潮12/16 13:39

WEEX Completes $2 Million WXT Buyback, Rewarding Users for Supporting 'Futures Mining'

深潮12/16 13:39

Crypto exchange turns 2025 into a year of innovation milestones

Sponsored Content: In 2025, cryptocurrency exchange BingX focused on innovation, community building, and security, with AI as a central theme. It launched several AI-driven products, including AI Bingo (an assistant for trading queries), AI Master (a strategy development tool), and AI Arena (a gamified copy-trading platform). The exchange also introduced Copy Trading 2.0 and expanded futures and spot trading offerings. BingX strengthened security with a $150 million Shield Fund, 100% proof of reserves, and certifications like ISO 27001. Its user base grew to 40 million, with copy trading volume reaching $580 billion. Educational initiatives, including BingX Academy 2.0, were enhanced to support user growth and engagement.

cointelegraph12/16 13:29

Crypto exchange turns 2025 into a year of innovation milestones

cointelegraph12/16 13:29

Hyperliquid to Launch Portfolio Margin: A Game-Changer or a Double-Edged Sword?

Hyperliquid, a leading Perp DEX, is introducing portfolio margin on its testnet, a significant upgrade aimed at professional and institutional traders. This system unifies users' spot and perpetual accounts, calculating margin requirements based on net risk exposure rather than summing individual positions. It rewards hedging strategies by freeing up capital, potentially improving efficiency by over 30%, as seen in traditional finance. This move signals Hyperliquid's strategic shift towards courting capital-efficient institutional players, offering benefits like a unified account for seamless trading, automatic yield on idle assets, and a theoretical 3.35x increase in leverage. It aims to support complex strategies like delta-neutral trading and arbitrage, potentially improving liquidity and tightening spreads. However, the system amplifies risks inherent in DeFi's lender-of-last-resort absence. Higher efficiency means losses and liquidations can accelerate more quickly. In extreme market conditions, correlated crashes could cause hedges to fail simultaneously, rapidly expanding risk exposure. Furthermore, the liquidation of a large, leveraged unified account could trigger a multi-asset fire sale, potentially creating a cascading liquidation spiral across connected markets and even impacting integrated lending protocols within Hyperliquid's HyperEVM ecosystem. This innovation is a high-stakes gamble on attracting institutions and a severe test for DeFi's resilience.

marsbit12/16 13:20

Hyperliquid to Launch Portfolio Margin: A Game-Changer or a Double-Edged Sword?