• Bungee V2 goes live

• U.S. Banks explore stablecoins.

• EigenLayer verifiable apps page.

• 6-second slots for Glamsterdam.

Bungee V2, an upgrade that transforms the protocol from a bridge aggregator into an open liquidity marketplace, is now live. Instead of relying on a single aggregator to find routes, any agent can now compete to fulfill swaps, optimizing for speed, cost, and security. Bungee V2 removes gas fees, MEV exposure, and risks of failed transactions. Bungee V2 features BungeeAuto, a dynamic routing model powered by Socket Protocol, a chain abstraction protocol that uses Modular Orderflow Actions (MOFA) to automate and reliably execute user intents across chains, enabling seamless and gasless token swaps. Bungee’s V1 protocol will continue to operate for manual bridging.

Multiple U.S.-based banks are reportedly exploring the creation of a joint stablecoin, according to the WSJ. The participating banks include JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. The initiative is set to involve payment networks co-owned by the banks, such as Zelle and The Clearing House, which facilitates real-time payments between financial institutions. The stablecoin would initially be used by the partner banks, with the possibility of expanding access to other banks and financial entities over time.

EigenLayer launched a discovery page for Verifiable Apps, which are applications that use EigenLayer’s Actively Validated Services (AVS) and restaking infrastructure to boost security and performance. Users can browse over 80 apps, filter by AVS or category, and submit their own. The current version is read-only, with interactive tools and additional features coming in a future release.

• 6-second slots are achievable

• ACD #212 recap

• PSE project library

• LayerZero introduces OneSig

• Derive withdraws SIP-415

• $200M hack on Sui Cetus AMM

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

• Safe integrates DeFi Lending.

• 69k users affected in Coinbase breach.

• Circles UBI V2 goes live on Gnosis Chain.

• Conduit introduces a dev suite.

Safe introduced a new DeFi yield solution integrated into Safe{Wallet}. Safe users can now access a Kiln-powered widget within the new "Earn" tab in the Safe dashboard to earn yield on their stablecoins, WBTC, WSTETH, and WETH. The implementation leverages DeFi lending protocols, including Morpho, allowing users to earn lending yields alongside MORPHO incentives. Upon deposit, users receive a non-transferable, soulbound share token representing their position and accrued rewards. Kiln handles automated compounding rewards, eliminating the need for manual reinvestment. The solution allows for the over $100 billion in assets held in Safe{Wallet} to access a secure, simplified, and DeFi-native yield-generating experience.

New information shared by the Maine Attorney General’s Office reveals that the Coinbase data breach, involving bribed overseas customer support agents, began as early as December 26, 2024. Attackers were able to access private user data over a period of several months, impacting a total of 69,461 individuals. The exposed information included names, addresses, phone numbers, emails, partial Social Security and bank account numbers, government ID images, and account-related data. Security researchers noted that they raised alarms about theft and insider threats for over six months, but Coinbase ignored or dismissed the warnings. Notably, Coinbase recently updated its user agreement to limit class action lawsuits, with the changes applying to disputes initiated after May 15, 2025—just one day before the breach was publicly disclosed.

Circles UBI, a protocol for implementing Universal Basic Income (UBI) through a decentralized, community-driven system, is now live on Gnosis Chain. Anyone can join Circles to accrue 1 CRC token per hour. CRC has a 7% annual depreciation to incentivize active circulation. CRC tokens exist as balances in smart contracts. Their transferability is governed by social trust connections: users must activate their accounts by establishing trust links with others. Trust enables 1:1 exchange of CRC between connected users. The Circles UBI V2 release builds on Circles v1, launched in 2020, with improvements aimed at making UBI more accessible.

• Conduit introduces a developer suite

• Vitalik on privacy tools

• World Foundation raises $135M

• Validators signal 60m gas limit

• Shorter slot times

• Unicoin fraud investigation

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

• Succinct introduces SP1 Hypercube

• Real-time Ethereum proving achieved.

• Lido releases its V3 whitepaper.

• Untron V2 goes live on the Superchain.

Succinct introduced SP1 Hypercube, its latest zkVM capable of real-time Ethereum proving. Building on SP1 Turbo, SP1 Hypercube is up to 5x faster and can prove over 93% of Ethereum mainnet blocks in under 12 seconds, with an average proving time of 10.3 seconds. SP1 Hypercube features a new proof system based on multilinear polynomials, offering better computational efficiency. A key component, Jagged Polynomial Commitment Scheme (PCS), avoids overcommitment by only committing to the necessary parts of a computation, enabling faster, cheaper, and more scalable proving.

Real-time proving is a major breakthrough for Ethereum’s long-term roadmap. It paves the way for more scalable Layer 1 execution, secure native rollups, and efficient light clients. In the future, it could significantly enhance decentralization by enabling block verification on consumer-grade hardware. Ethereum researcher Justin Drake noted that it could unlock 1 gigagas/sec throughput and make ultra-low-power validation feasible. Drake highlighted RISC Zero’s $120K GPU home cluster, which can generate ZKPs in just 9.25 seconds. While the SP1 Hypercube release marks a major milestone, Vitalik Buterin noted that it still needs to handle worst-case blocks in real time, achieve formal verification, and make proving practical on consumer-grade hardware.

Lido Finance released its whitepaper for Lido V3, a major upgrade that transforms the protocol from a pooled staking model into a modular, decentralized Ethereum staking infrastructure. The whitepaper outlines dual staking paths, a sovereign architecture, a redesigned stETH backing and liquidity model, and a risk management framework. At the core of Lido V3 is the introduction of stVaults, non-custodial, customizable smart contracts that allow users to define their own validator setups. stVaults support overcollateralized stETH minting and feature critical safeguards such as immutable collateral caps and an escape hatch to opt out of protocol governance. Lido V3 also introduces forced rebalancing, enabling the protocol to pull ETH from stVaults. The whitepaper is currently part of an active Request for Comment (RFC) and open to community feedback.

Untron, a cross-chain stablecoin platform enabling seamless USDT transfers between Tron and Ethereum L2s, is now live on the Superchain. Users can now move USDT from Tron to Base, OP Mainnet, Ink, Unichain, Mode, World Chain, Lisk, and Soneium with near-instant, gasless transfers. Untron is currently in beta.

• zkTLS explained

• Paragraph supports cross-posting

• Bancor sues Uniswap

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.