Project Hunt: The decentralized derivatives exchange MYX.Finance is the project with the most new followers in the past 7 days.

Ripple issues a $330k stablecoin forecast, while signals of institutionalization emerge at the XRP Tokyo conference

Ripple expects on-chain stablecoin trading volume to reach $330k at the Tokyo XRP Conference, emphasizing that stablecoins are evolving from auxiliary tools into liquidity infrastructure. As a bridge connecting traditional and digital finance, Ripple is helping bring stablecoins such as RLUSD to market and accelerating institutional adoption. With Japan’s regulatory environment being clear, it plays a key role in promoting the growth of the XRP ecosystem. If stablecoins achieve high trading volumes, it will change the way capital flows and how cross-border payments operate; XRP’s future price action will depend on institutional adoption and the growth of real trading demand.

Biconomy and the Ethereum Foundation jointly launch the ERC-8211 standard, introducing a smart batch processing mechanism

Biconomy and the Ethereum Foundation launch the ERC-8211 smart batch processing standard to address static limitations in smart contract execution, support dynamic parameter adjustments, and enhance the execution capabilities of AI agents and complex DeFi workflows.

Pi Network Launches Smart Vault, Marking the Arrival of the Trustless Trading Era

Pi Network has announced its new custodial smart treasury system, designed to securely hold funds and support a variety of trading needs such as NFTs, token transfers, and DeFi applications. The system manages the transaction flow through four on-chain state management mechanisms to ensure transparency and automation. Before the official launch, it will need to complete state machine definition and security audits; no specific date has been announced yet.

AVAX One plans to build a 10-megawatt AI data center in Canada and purchase 220 Bitmain mining rigs

AVAX One announced it will develop a 10-megawatt artificial intelligence data center in Alberta, Canada, and purchase 220 Bitmain Antminer S21 Pro mining rigs to expand its Bitcoin mining business, while also advancing digital asset management and its Avalanche ecosystem plans.

Seamless announces shutdown—users required to complete their withdrawals by June 30 must do so in advance

Seamless Protocol announced on June 30 that it will shut down, because it has been unable to find a product-market fit for leveraged tokens, facing liquidity challenges and a lack of sustainable revenue. Users must withdraw their assets before the deadline; afterward, only manual interaction will be possible. After the shutdown, the remaining DAO treasury assets will be distributed to SEAM holders according to the governance proposal.

Drift Protocol: begins developing a recovery plan, participates in the STRIDE security program

Drift Protocol is developing a recovery plan to stabilize the situation and protect affected users, and to participate in the STRIDE security program by the Solana Foundation. This attack was orchestrated by a North Korean intelligence organization named AppleJeus, involving social engineering and technical infiltration, resulting in an estimated loss of about $285 million in funds, highlighting that the DeFi ecosystem faces major security challenges.