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.

Why Did the Star Web3 Project Across Protocol Choose to Abandon the DAO?

Across Protocol, a prominent Web3 project, is proposing to transition from a decentralized autonomous organization (DAO) structure to a private company. Co-founder Hart Lambur explained on the Talking Tokens podcast that the current DAO model has become a bottleneck for growth, particularly as institutional and enterprise demand increases. The protocol, which has facilitated over $35 billion in cross-chain transactions, believes a more traditional corporate structure will allow it to operate more efficiently. The proposal offers two options for ACX token holders: convert their tokens into equity in the new private entity, AcrossCo., or redeem them for USDC at a one-month average market price. Lambur acknowledged limitations due to U.S. securities laws, which restrict the number of shareholders in an S-corporation, necessitating consolidation for larger token holders. This move reflects a broader industry trend of recognizing the operational challenges of DAOs. Lambur cited similar sentiments from Aave's founder and Uniswap's recent proposal to create a legal entity, highlighting the friction and inefficiencies of decentralized governance structures. The proposal will enter a two-week discussion period before a community Snapshot vote.

marsbit03/15 03:08

Why Did the Star Web3 Project Across Protocol Choose to Abandon the DAO?

marsbit03/15 03:08

Ten Thousand Words Decoding STRC: Strategy's New Magic Trick for Making Money and Buying Coins

"STRC: Strategy's New Money-Making Magic" provides an in-depth analysis of STRC, a preferred share instrument issued by Michael Saylor's company, Strategy. STRC is a yield-bearing tool backed by Strategy's Bitcoin treasury, designed to trade near its $100 face value with a dynamically adjustable dividend rate (currently 11.5% APY paid monthly). The article explains how strong demand for STRC, when trading at par, triggers ATM (at-the-market) issuances. The proceeds are used to buy Bitcoin, and simultaneous ATM issuances of common stock (MSTR) are used to maintain the company's leverage ratio at ~33%. This structure converts yield-seeking demand into systematic Bitcoin buying pressure. Key points include: STRC splits Bitcoin exposure into low-volatility yield for holders (STRC) and remaining upside/volatility for MSTR shareholders; the model can scale significantly without increasing credit risk; and the primary long-term risk is a prolonged Bitcoin bear market, not a sudden crash like Luna/UST. The article contrasts STRC with failed algorithmic stablecoins, highlighting its lack of reflexive death spiral mechanics and substantial dollar reserves (~28 months of dividend coverage). The author argues that if one is bullish on Bitcoin, being bearish on Strategy's structure is logically difficult.

marsbit03/15 02:32

Ten Thousand Words Decoding STRC: Strategy's New Magic Trick for Making Money and Buying Coins

marsbit03/15 02:32

Recalling 10 Little-Known Key Contributions of the Early TON Core Team

Despite TON Foundation being widely recognized, the early contributions of the NEWTON team—TON's core developers—are less known. As an early member, Dr. Awesome Doge recounts their pivotal role in maintaining TON testnet2 and enhancing developer tools before Telegram’s official endorsement in 2021, marking a historic community-led takeover. Key contributions include: 1. **mytonctrl**: An automated node management tool for validator setup, wallet creation, and DNS registration. 2. **tonmon**: A monitoring tool for blockchain health, tracking metrics like block time and validator status. 3. **tonmine**: A system to monitor Giver contracts, which distributed ~200,000 $TON daily. 4. **Cross-chain bridge**: Enabled transfers between TON, Ethereum, and BSC before jetton standards existed. 5. **cryptobot**: An early Telegram wallet supporting multiple cryptocurrencies. 6. **toncenter**: A public API simplifying blockchain data access for developers. 7. **explorer.toncoin.org**: TON’s first technical blockchain explorer. 8. **ton.sh**: A user-friendly blockchain explorer focusing on wallet balances and transaction memos. 9. **TonWeb**: A JavaScript SDK to simplify interactions with TON’s complex smart contract languages. 10. **ton wallet**: An early functional wallet that remains operational. In June 2021, NEWTON’s public letter to Telegram led to official recognition and GitHub access, catalyzing TON’s growth. These foundational efforts underscore the team’s belief in TON’s potential, now realized through its expanding ecosystem and developer community.

marsbit03/15 02:18

Recalling 10 Little-Known Key Contributions of the Early TON Core Team

marsbit03/15 02:18

XRP’s DeFi Moment? On-Chain Numbers From Flare Tell A Different Story

The on-chain data from the Flare Network suggests growing DeFi activity within the XRP ecosystem. Over 132 million FXRP are in supply, with nearly 80% locked in DeFi protocols on Flare. The ecosystem has secured over $149 million in value and processed more than 2.8 million transactions, with user growth accelerating. This indicates that XRP holders are increasingly using their assets for lending, liquidity provision, swaps, and yield generation—moving beyond simple transfers. Additionally, Ripple’s recent $50 million share buyback signals strong institutional confidence, which could lead to further development and integration of XRP-based infrastructure in global payment systems.

bitcoinist03/14 19:03

XRP’s DeFi Moment? On-Chain Numbers From Flare Tell A Different Story

bitcoinist03/14 19:03

Weekly Token Unlocks: BARD to Unlock 12% of Circulating Supply This Week

This week's major token unlocks feature significant releases from three projects. Lombard (BARD) leads with an unlock of 32.4 million tokens (approx. $35.64M), representing about 12% of its circulating supply. The project is building an on-chain Bitcoin capital market. LayerZero (ZRO) will unlock 25.71 million tokens (approx. $50.9M) for its omnichain interoperability protocol. zkSync (ZK) has the largest volume unlock at 170 million tokens, though its value is lower at approximately $3.3M. All projects have provided their respective token release schedules.

marsbit03/14 14:57

Weekly Token Unlocks: BARD to Unlock 12% of Circulating Supply This Week

marsbit03/14 14:57

World Liberty Financial Offers ‘Guaranteed Direct Access’ For $5M Token Lockup

World Liberty Financial (WLFI), a DeFi venture linked to the Trump family, has introduced a new "Super Node" program requiring investors to lock $5 million worth of tokens for six months. In return, participants receive "guaranteed direct access" to certain WLFI team members and gain voting rights in governance matters. Although Eric Trump, Donald Trump Jr., and Barron Trump are listed as part of the supporting team, they will not be included in the direct access offering. The proposal passed with 99% approval from 1,786 votes. Super Nodes must stake 50 million WLFI tokens and will earn a 2% yield in tokens for participating in at least two votes. This move shifts from earlier promises of democratized access by restricting voting rights to large stakeholders. Separately, Trump will host another exclusive dinner for TRUMP memecoin holders. WLFI’s token price rose nearly 6% to $0.1079 amid a broader crypto market recovery.

bitcoinist03/14 11:32

World Liberty Financial Offers ‘Guaranteed Direct Access’ For $5M Token Lockup

bitcoinist03/14 11:32

Millions Of RLUSD Are Gone Forever After This Major Ripple Burn

Ripple's stablecoin RLUSD has undergone significant supply reductions through a series of major burn transactions. A total of 25 million tokens were recently burned in a single transaction, following earlier burns of 8 million, 3 million, and multiple 15 million and 10 million token removals across both the Ethereum and XRP Ledger blockchains. These burns permanently reduce circulation by sending tokens to inaccessible addresses. However, this activity is part of RLUSD's reserve-backed model, where tokens are burned upon redemption to ensure the circulating supply never exceeds dollar reserves. Despite the burns, larger minting events—including recent issuances of 29 million, 14.9 million, 6 million, and 3 million RLUSD—have supported the stablecoin's growth. RLUSD's market cap now exceeds $1.56 billion, reflecting its expanding adoption since launch.

bitcoinist03/14 00:01

Millions Of RLUSD Are Gone Forever After This Major Ripple Burn

bitcoinist03/14 00:01

Bybit Launches AI Skills: Powering AI Agents for Crypto Trading With Zero Setup, 253 API Endpoints and Growing

Bybit, the world's second-largest crypto exchange, has launched AI Trading Skill, a feature enabling users to execute trades, access market data, and manage assets using natural language through major AI assistants like ChatGPT and Claude. With zero-installation setup and compatibility across AI platforms, it offers access to 253 API endpoints covering market intelligence, spot and derivatives trading, Earn products, account management, and advanced features like WebSocket streams. The system includes security safeguards such as testnet trading simulations, mandatory user confirmations for live transactions, and secure API authentication. This release represents Bybit's most comprehensive AI integration to date, transforming complex trading operations into simple conversational commands.

TheNewsCrypto03/13 14:18

Bybit Launches AI Skills: Powering AI Agents for Crypto Trading With Zero Setup, 253 API Endpoints and Growing

TheNewsCrypto03/13 14:18

Pharos Network Expands RealFi Alliance, Joins Forces with Strategic Research and Intelligence Partners to Enhance Institutional Transparency

Pharos Network, a RealFi inclusive financial Layer 1 project, has expanded its RealFi Alliance by adding strategic "Smart Partners" focused on research, data, and institutional infrastructure. The new partners include Dune, Four Pillars, Web3Caff Research, Anchorage Digital, Alchemy, Aquaflux, and Yield Network. These collaborations aim to address information asymmetry and enhance institutional transparency in decentralized markets. Key initiatives include in-depth institutional research, real-time verifiable dashboards for RWA fund flows, enterprise-grade RPC infrastructure, federally regulated banking and custody services, on-chain treasury management, and improved capital efficiency. A core objective is to establish a standardized "RealFi Research Framework" to measure RWA performance, risk, and compliance. According to Pharos CEO Wish Wu, the partnership ensures that assets on Pharos receive the same level of scrutiny and transparency as traditional capital markets. Pharos Network is a modular Layer 1 blockchain designed for RealFi, combining institutional-grade asset circulation with decentralized composability. It is developed by a team with backgrounds from Ant Group and backed by investors like Hack VC and Faction VC.

marsbit03/13 12:26

Pharos Network Expands RealFi Alliance, Joins Forces with Strategic Research and Intelligence Partners to Enhance Institutional Transparency

marsbit03/13 12:26

Hoskinson Says Cardano Just Cleared A Major Binance Hurdle

Charles Hoskinson, founder of Cardano, announced a major milestone for the ecosystem: the upcoming Binance spot listing of NIGHT, the native token of the privacy-focused sidechain Midnight. Hoskinson emphasized that this is the first Cardano-native asset to be listed on Binance, which he described as the world's largest altcoin exchange and the center of gravity for liquidity. He framed this development as a breakthrough that removes a significant structural barrier, opening the door for other Cardano assets to access top-tier global liquidity. Beyond market access, Hoskinson connected the listing to broader trends of chain abstraction and compliance, suggesting Midnight's technology could enable privacy-preserving tools essential for scaling tokenized real-world assets. He also presented this achievement as a direct rebuttal to critics who have questioned Cardano's ability to launch large-scale projects and remain relevant in the DeFi space.

bitcoinist03/13 07:02

Hoskinson Says Cardano Just Cleared A Major Binance Hurdle

bitcoinist03/13 07:02

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