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.

Supported by 20+ Institutions: How Does Sui's New Primitive Hashi Rewrite the Rules of Bitcoin Financial Trust?

Sui has introduced Hashi, a new decentralized Bitcoin (BTC)抵押原语 (primitive) designed to enable trust-minimized and secure use of native BTC in DeFi on the Sui blockchain, backed by over 20 major institutions. Hashi allows users to抵押 Bitcoin without transferring custody to centralized entities. BTC remains on the Bitcoin network in a dedicated address, while a抵押凭证 is generated on Sui. This凭证, representing the locked BTC, can be used in Sui's smart contracts for lending, borrowing, and other DeFi activities. The system relies on Sui validators for security, with a Guardian Layer for additional protection against risks like validator collusion. Key to Hashi is its role as a "primitive"—a foundational building block for developers. It provides a standardized interface to integrate native BTC抵押 capabilities into applications like lending protocols, structured products, and RWA strategies, reducing development barriers. Institutional support spans custody (e.g., BitGo, Cobo), trading (e.g., FalconX, Bullish), security (e.g., OtterSec, Certora), and protocols (e.g., Suilend, Scallop). This ecosystem support aims to facilitate large-scale institutional BTC adoption into DeFi upon mainnet launch. Hashi addresses core trust issues in Bitcoin金融 by prioritizing non-custodial security, transparency, and composability, potentially unlocking Bitcoin's $1.4 trillion market cap for decentralized finance without sacrificing user control.

marsbit04/15 06:33

Supported by 20+ Institutions: How Does Sui's New Primitive Hashi Rewrite the Rules of Bitcoin Financial Trust?

marsbit04/15 06:33

XChat Is Here: Musk's Super App Plan Is Reshaping the Encrypted Social Landscape

Elon Musk’s X (formerly Twitter) is launching XChat, an encrypted communication tool supporting text, file sharing, and voice/video calls, on April 17. This move is part of a broader strategy to transform X into a global super-app similar to WeChat, integrating social, payment, and financial services. XChat aims to address Twitter’s historical weakness in private messaging and relationship-building, shifting from a public square to a closed-loop ecosystem. By retaining user relationships within X, the platform can enhance engagement and pave the way for commercial and financial activities. Encrypted messaging is not just a privacy feature but a foundational layer for trust, enabling future payment integrations. X may explore traditional payment systems, stablecoins, or even direct Bitcoin transactions. This could significantly impact the crypto industry by introducing mainstream users to encrypted payments and SocialFi concepts. While XChat may boost adoption and attract attention to crypto narratives, it also poses a threat to existing Web3 social projects that lack scale. Infrastructure projects like wallets and stablecoins may benefit, but consumer-facing decentralized social platforms could face intense competition from X’s vast user base. In summary, XChat represents a structural shift toward integrating social, informational, and financial flows, positioning X as a key player in the future of encrypted communications and digital payments.

marsbit04/14 12:46

XChat Is Here: Musk's Super App Plan Is Reshaping the Encrypted Social Landscape

marsbit04/14 12:46

DeAgentAI Announces Establishment of AIA Ecosystem Fund, Focusing on 'AI Agent + Physical AI' Track

DeAgentAI, a leading decentralized AI infrastructure project on SUI and BNB Chain, has announced the establishment of the AIA Ecosystem Fund. The fund will focus on the integrated track of "AI Agent + Physical AI," aiming to incubate and accelerate the next generation of AI applications with autonomous decision-making capabilities and extend AI technology from on-chain intelligence to the real world. The fund will provide comprehensive support in technology, user traffic, and ecosystem resources. Its core investment directions include AI Agent applications with autonomous on-chain execution and multi-agent collaboration capabilities, and Physical AI projects that extend AI inference into the physical world through hardware and computing efficiency. The fund has already made seed-round investments in two projects: - AliceAI: An AI-driven prediction market decision system that compresses fragmented information into verifiable, tamper-proof decision signals, offering a full-cycle solution from signal generation to automated execution via Telegram Bot. - An ASIC AI chip project: A custom hardware solution designed specifically for Transformer-based inference, aiming to reduce token processing costs to less than one-tenth of current GPU solutions while significantly improving energy efficiency and lowering latency. According to DeAgentAI’s founder, the goal is to bridge the gap between on-chain intelligence and the physical world, supporting key protocols that connect users to the future of Physical AI.

marsbit04/14 10:21

DeAgentAI Announces Establishment of AIA Ecosystem Fund, Focusing on 'AI Agent + Physical AI' Track

marsbit04/14 10:21

StarkWare Makes Drastic Cuts to Survive, L2 'Technical Faith' Liquidated by the Market

StarkWare, the infrastructure company behind Starknet, has announced a major restructuring, including layoffs and splitting into two separate business units. This move comes as the Layer 2 network faces a severe decline, with monthly revenue plummeting over 95% from its late 2023 peak to just tens of thousands of dollars. CEO Eli Ben-Sasson stated the company had become "too big and inefficient" and must return to a startup mentality. The new structure creates a Starknet development unit, focused on the core protocol, and an applications unit, tasked with direct revenue generation by building products that leverage StarkWare's unique tech stack, potentially in quantum security and Bitcoin-related areas. This reflects a wider crisis in the L2 sector triggered by Ethereum's EIP-4844 upgrade, which drastically reduced data availability fees and shattered the core business model of profiting from gas差价. The market has since polarized. Base and Arbitrum now dominate, capturing the majority of value and fees, while Starknet's TVL sits at a fraction of Base's and its native token STRK trades below its total historical fundraising amount. The article concludes that technical superiority is no longer enough to win; distribution power and strategic alliances are now the key drivers. StarkWare's shift from an infrastructure provider to a product-focused company is a strategic retreat in this consolidating market, forcing it to prove it can build and sell products, not just invent advanced technology.

marsbit04/14 08:05

StarkWare Makes Drastic Cuts to Survive, L2 'Technical Faith' Liquidated by the Market

marsbit04/14 08:05

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