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Project Overview
Chain is a blockchain-based technology company on a mission to enable a smarter and more connected economy. Chain builds cryptographic ledgers that underpin breakthrough financial products and services, powered by Sequence—a ledger-as-a-service for managing balances. Sequence combines the power of a token-based data model with the convenience of the cloud, making it easy to build, operate, and scale forward-thinking products. It is used by a diverse set of companies, including mobile wallets, crypto asset exchanges, lending platforms, asset managers, and many more. Any application that needs to record transactions and calculate balances can benefit from using Sequence. Founded in 2014, Chain has raised over $40 million in funding from Kholsa Ventures, Pantera Capital, Capital One, and Visa. In 2018, Chain was acquired by Stellar to form Interstellar, a commercial arm to the Stellar Foundation. In 2020, Chain was re-acquired to continue its mission.
Syndicate Loses ~$330,000 Due to Attack on Commons Cross-Chain Bridge
According to CertiK, Syndicate Protocol suffered an exploit due to a security breach in the Commons cross-chain bridge. The attacker exploited the vulnerability to acquire approximately 18.5 million SYND tokens, which were subsequently sold for roughly $330,000. The related funds have already been transferred to the Ethereum network via the cross-chain bridge. Syndicate’s official response states that it is investigating the security incident involving the Commons bridge. The team is tracking the attack and collaborating with security firms. It is also evaluating various options to compensate affected users. Syndicate holds sufficient token reserves to assist users who lost SYND.
Visa Partners with WeFi—Founded by Former Tether CEO—to Advance On-Chain Payments, Enabling Direct Stablecoin Spending on the Visa Network
According to The Block, Visa has partnered with WeFi—a “blockchain-based bank” founded by Reeve Collins, former CEO of Tether—to enable users to hold digital assets in self-custodial wallets and spend them directly across the global Visa acceptance network, without depositing assets into centralized exchanges. Maksym Sakharov, Co-Founder and CEO of WeFi, stated that stablecoins are natively embedded into the underlying infrastructure, with settlements processed automatically in the background, delivering a user experience indistinguishable from conventional payments. This partnership will initially launch in select markets across Europe, Asia, and Latin America, with further expansion contingent upon regulatory approvals.
ZetaChain: GatewayEVM Contract Attacked; Cross-Chain Transactions Suspended
According to an official announcement, ZetaChain stated that its GatewayEVM contract was attacked today, with the impact limited solely to internal wallets controlled by the ZetaChain team. The official statement confirmed that the attack vector has been blocked and no further funds are currently at risk. As a precautionary measure, ZetaChain has suspended cross-chain transactions. Meanwhile, the investigation remains ongoing; according to the official statement, no user funds have been affected by this incident, and a detailed post-mortem report will be released upon completion of the investigation.
a16z: Stablecoins Are Reshaping Global Financial Infrastructure, Accelerating the Arrival of a New On-Chain Finance Era
A research report released by a16z Crypto states that stablecoins have evolved from niche trading tools into the foundational layer of a new global financial infrastructure, giving rise to a new generation of “Banking-as-a-Service” (BaaS) models. Unlike the previous wave of BaaS, this new model is built on onchain infrastructure and integrates account management, payments, foreign exchange, and credit functions via self-custodial wallets—significantly reducing reliance on traditional intermediaries. The report classifies blockchains into three categories: general-purpose public chains (e.g., Solana and Ethereum), purpose-built chains optimized for payment use cases (e.g., Stripe’s Tempo and Circle’s Arc), and compliance-focused networks designed for regulated institutions (e.g., Canton). On the regulatory front, following the passage of the GENIUS Act, stablecoin issuers are competing aggressively for national trust charters from the Office of the Comptroller of the Currency (OCC), aiming to gain direct access to the Federal Reserve’s payment rails and secure a central position within the payments stack. The report also notes that stablecoins have made significant progress in the “middle mile” of cross-border payments; however, liquidity bottlenecks between stablecoins and local fiat currencies remain unresolved in emerging markets. Looking ahead, as stablecoin scale grows, the onchain credit market is poised to become the next major opportunity after payments—providing capital to borrowers underserved by traditional financial systems. Moreover, the widespread adoption of stablecoins is expected to further reinforce the U.S. dollar’s global dominance.
CertiK: Phishing, Deepfakes, and Supply Chain Attacks Could Become the Biggest Crypto Security Threats in 2026
According to Natalie Newson, Senior Blockchain Investigator at CertiK, real-time deepfakes, phishing attacks, supply-chain compromises, and cross-chain vulnerabilities will be the primary drivers of cryptocurrency hacks in 2026. So far this year, the industry has lost over $600 million to hacking incidents—including the $293 million Kelp DAO exploit and the $280 million theft from Drift Protocol in April—both linked to a North Korean hacker group. Newson warns that the accelerated advancement of AI will make attack methods increasingly sophisticated, including more realistic deepfakes, autonomous attack agents, and “agent AIs” capable of automatically scanning smart contracts for vulnerabilities. However, AI can also serve as a defensive tool. CertiK advises investors to verify URL authenticity and store assets in cold wallets to mitigate risk.
Caixin: Singapore Plans to Optimize Capital Requirements for Banks’ Crypto Assets, Public-Chain Assets to Receive More Favorable Treatment
According to Caixin, the Monetary Authority of Singapore (MAS) released a consultation paper on April 17, 2026, proposing more accommodating regulatory capital guidelines for crypto assets on permissionless blockchains (i.e., public blockchains) ahead of implementing the Basel Committee’s new capital requirements for crypto assets. The current Basel framework is viewed as overly stringent in its classification of public blockchain-based assets, potentially stifling banking-sector innovation. MAS plans to abandon a “one-size-fits-all” classification approach and instead allow public blockchain-based crypto assets that meet a set of principle-based criteria to be classified as Group 1 crypto assets—carrying lower risk weights and less stringent prudential requirements—to achieve regulatory technology neutrality.
GateToken (GT) 2026 Q1 On-Chain Burn Completed, Cumulative Burn Value Exceeds $1.3 Billion
According to an official announcement, the on-chain burn of GateToken (GT) for the first quarter of 2026 has been officially completed, with a total of 2,557,729.381387 GT transferred to the burn address, representing a burn value exceeding $20.68 million.Since the launch of the Gate Chain mainnet in 2019, GT has maintained a continuous burn mechanism. To date, a total of 187,377,156 GT have been burned, with a cumulative burn value exceeding $1.382 billion (at current prices). The total token supply has been significantly reduced by approximately 62.46% from its initial 300 million tokens.With the launch of Gate Layer and the gradual rollout of native applications such as Gate Perp DEX, Gate Fun, and Meme Go, the utility frequency of GT, the sole Gas token for Gate Layer, has been continuously increasing. Concurrently, Gate is driving the coordinated development of infrastructure and applications including Gate for AI Agent, GateClaw, Gate.AI, and GateRouter, leading to a simultaneous increase in on-chain transaction and interaction demand. Gate will continue to implement its long-term, stable GT burn mechanism, fostering a tighter positive feedback loop between the token's economic model and real usage demand alongside ecosystem expansion.
FloaClaw Officially Launched, FLOA Ecosystem AI Capabilities Upgraded
The core AI suite of the FLOA ecosystem, FloaClaw, has been officially launched in full, simultaneously releasing a multi-scenario AI skills matrix. These features are only accessible to Agents of Level 3 and above.As the core AI tool of the FLOA ecosystem, FloaClaw's usage requires adherence to clear rules: Users need to recharge BNB to obtain compute power-tokens (tokens), with skill consumption increasing along with task complexity; subsequently, FloaClaw will continue to iterate and scale, unlocking more new AI skills and tool modules, while also advancing a creator dividend system. This will allow Agent creators to share in the compute power-token (token) revenue from user skill consumption, and support one-click exchange and withdrawal of BNB, thereby building a sustainable creator economy loop.FLOA is an intelligent Web3 Agent ecosystem platform on the BNB Chain, integrating core capabilities such as data analysis and on-chain automation. Featuring an open incentive mechanism, it serves both as a tool for user empowerment and an efficient growth engine for the Web3 ecosystem.
Iranian crypto exchange Nobitex has processed at least $2.3 billion in transactions since 2023
According to a Reuters report, Nobitex—the largest cryptocurrency exchange in Iran—has processed at least approximately $2.3 billion in funds via the Tron and BNB Smart Chain networks since 2023. Some of these funds originated from the Central Bank of Iran (CBI), which is under U.S. sanctions, and are linked to other sanctioned entities, including the Islamic Revolutionary Guard Corps (IRGC), Hamas, and Hezbollah. Data from blockchain analytics firms Arkham and Elliptic, along with insights from multiple analysts, indicate that related transactions on Tron alone exceeded $2 billion, while those on BNB Smart Chain totaled approximately $317 million; tens of millions of dollars continued flowing even after hostilities erupted. The report notes that Tron was founded by Justin Sun, and BNB Smart Chain was launched by Binance; both blockchains intersect financially and governance-wise with World Liberty Financial—a crypto project led by Donald Trump. Since its founding in 2018, Nobitex’s sanctioned-related transactions have cumulatively amounted to at least approximately $366 million.
Kelp DAO Cross-Chain Bridge Attacked, ~$292M rsETH Stolen
According to CoinDesk, Kelp DAO’s LayerZero-based cross-chain bridge was attacked, with the attacker withdrawing 116,500 rsETH—worth approximately $292 million at current prices, or roughly 18% of its circulating supply. This incident has become the largest DeFi attack of 2026 to date. In response, Aave, SparkLend, and Fluid have frozen rsETH-related markets, and Lido Finance has suspended new deposits into its earnETH product. Kelp DAO stated it is jointly investigating the incident with LayerZero, auditing firms, and external security experts.
Arkham: Identified Morgan Stanley Bitcoin ETF On-Chain Address, Current Bitcoin Holdings 1,348 BTC
Odaily News Arkham posted on the X platform, stating that it has identified the on-chain wallet address of Morgan Stanley's spot Bitcoin exchange-traded fund, the Morgan Stanley Bitcoin Trust (MSBT), becoming the first platform to publicly identify the on-chain BTC holdings of this ETF, enabling users to track fund inflows and outflows in real-time.It is reported that the Morgan Stanley Bitcoin ETF was listed on NYSE Arca on April 8, with Coinbase and BNY Mellon serving as custodians. According to Arkham tracking data, it currently holds 1,348 BTC, valued at approximately $103.92 million.
Hyperbridge: Losses from the vulnerability increased to approximately $2.5 million; some funds have been traced to Binance.
According to an official disclosure by Hyperbridge, the losses from the Token Gateway vulnerability incident on April 13 have been revised upward from an initial estimate of $237,000 to approximately $2.5 million. The increase stems primarily from losses incurred in incentive pools on Ethereum, Base, BNB Chain, and Arbitrum. The attacker extracted roughly 245 ETH from related contracts, then bypassed the MMR proof verification mechanism by forging cross-chain messages, minting 1 billion bridged DOT tokens and dumping them onto illiquid markets. Currently, some of the stolen funds have been traced on-chain to Binance. Hyperbridge is collaborating with Binance’s compliance team and law enforcement agencies to investigate the incident. Polkadot-native DOT and products such as Intent Gateway remain unaffected. The Token Gateway and bridged DOT contracts on the four affected EVM chains remain suspended. An external audit of the patched MMR verification logic is underway, and bridging functionality will be restored upon completion of the audit.
Syndicate Loses ~$330,000 Due to Attack on Commons Cross-Chain Bridge
According to CertiK, Syndicate Protocol suffered an exploit due to a security breach in the Commons cross-chain bridge. The attacker exploited the vulnerability to acquire approximately 18.5 million SYND tokens, which were subsequently sold for roughly $330,000. The related funds have already been transferred to the Ethereum network via the cross-chain bridge. Syndicate’s official response states that it is investigating the security incident involving the Commons bridge. The team is tracking the attack and collaborating with security firms. It is also evaluating various options to compensate affected users. Syndicate holds sufficient token reserves to assist users who lost SYND.
Bitcoin lending protocol Tropykus announces shutdown of its current version; deposit and lending functions are permanently discontinued.
According to an official announcement by Tropykus, the decentralized lending protocol Tropykus has initiated a phased shutdown of its current protocol version. Deposit and lending functionalities will be permanently discontinued. Users may withdraw funds and repay loans via tropykus.com until the deadline of July 27, 2026; thereafter, such operations will only be supported through direct interaction with smart contracts. The team stated that this shutdown decision stems from long-term strategic evolution—not from the security report previously received by Money on Chain, a partner of Tropykus. That report had prompted the protocol to proactively suspend deposits and new lending activities. However, the team emphasized that internal discussions regarding the shutdown predated the security incident, and the incident merely accelerated the decision. Technically, the team noted that the original architecture was designed for an earlier technological environment and is no longer capable of meeting long-term development needs in the face of emerging security challenges posed by technologies such as artificial intelligence. The team advises all users to complete withdrawals and settle their lending positions via tropykus.com before July 27, 2026. After this date, users will need technical proficiency to interact directly with smart contracts to perform these operations.
ZetaChain: GatewayEVM Contract Attacked; Cross-Chain Transactions Suspended
According to an official announcement, ZetaChain stated that its GatewayEVM contract was attacked today, with the impact limited solely to internal wallets controlled by the ZetaChain team. The official statement confirmed that the attack vector has been blocked and no further funds are currently at risk. As a precautionary measure, ZetaChain has suspended cross-chain transactions. Meanwhile, the investigation remains ongoing; according to the official statement, no user funds have been affected by this incident, and a detailed post-mortem report will be released upon completion of the investigation.
SlowMist CISO: Bitwarden CLI Hit by Supply Chain Attack; Malicious Package Circulated Briefly for ~1.5 Hours
SlowMist CISO 23pds (@im23pds) disclosed that the Bitwarden CLI version 2026.4.0 was subjected to a Checkmarx supply-chain attack between 17:57 and 19:30 ET on April 22. During this window, attackers abused a GitHub Action within Bitwarden’s CI/CD pipeline to briefly distribute a malicious package via npm. The official statement confirmed that Vault data was not compromised and production systems remained unaffected; only users who installed this specific version via npm during the aforementioned time window were impacted. Affected users are advised to immediately uninstall version 2026.4.0, clear their npm cache, rotate sensitive credentials—including API tokens and SSH keys—investigate anomalous activity in GitHub and CI environments, and upgrade to the patched version 2026.4.1.
CertiK: Phishing, Deepfakes, and Supply Chain Attacks Could Become the Biggest Crypto Security Threats in 2026
According to Natalie Newson, Senior Blockchain Investigator at CertiK, real-time deepfakes, phishing attacks, supply-chain compromises, and cross-chain vulnerabilities will be the primary drivers of cryptocurrency hacks in 2026. So far this year, the industry has lost over $600 million to hacking incidents—including the $293 million Kelp DAO exploit and the $280 million theft from Drift Protocol in April—both linked to a North Korean hacker group. Newson warns that the accelerated advancement of AI will make attack methods increasingly sophisticated, including more realistic deepfakes, autonomous attack agents, and “agent AIs” capable of automatically scanning smart contracts for vulnerabilities. However, AI can also serve as a defensive tool. CertiK advises investors to verify URL authenticity and store assets in cold wallets to mitigate risk.
Polygon Unaffected by rsETH Vulnerability
According to official news, the Polygon team has been actively monitoring the rsETH vulnerability: neither the Polygon Chain, Agglayer, nor the broader ecosystem including Katana and Vaultbridge have been affected by this incident.
Ronin to Migrate to Ethereum Layer 2 on May 12, RON Inflation Rate Expected to Drop Below 1%
gaming-focused blockchain Ronin has announced its migration to an Ethereum Layer 2 network on May 12. The underlying architecture will utilize the OP Stack and integrate EigenDA as the data availability layer. Chain operations are expected to be paused for approximately 10 hours during the migration. The team advises users to unstake their RON in advance or allow the system to handle it automatically after the migration is complete.Following the upgrade, RON's annual inflation rate is projected to decrease from over 20% to less than 1%. Additionally, the treasury will gain new revenue streams from staking rewards, Sequencer net profits, and Marketplace fees. Furthermore, Ronin has introduced a "proof of allocation" incentive mechanism based on "Builder Score," distributing RON rewards to ecosystem builders on a monthly basis.
Bitcoin lending protocol Tropykus announces shutdown of its current version; deposit and lending functions are permanently discontinued.
According to an official announcement by Tropykus, the decentralized lending protocol Tropykus has initiated a phased shutdown of its current protocol version. Deposit and lending functionalities will be permanently discontinued. Users may withdraw funds and repay loans via tropykus.com until the deadline of July 27, 2026; thereafter, such operations will only be supported through direct interaction with smart contracts. The team stated that this shutdown decision stems from long-term strategic evolution—not from the security report previously received by Money on Chain, a partner of Tropykus. That report had prompted the protocol to proactively suspend deposits and new lending activities. However, the team emphasized that internal discussions regarding the shutdown predated the security incident, and the incident merely accelerated the decision. Technically, the team noted that the original architecture was designed for an earlier technological environment and is no longer capable of meeting long-term development needs in the face of emerging security challenges posed by technologies such as artificial intelligence. The team advises all users to complete withdrawals and settle their lending positions via tropykus.com before July 27, 2026. After this date, users will need technical proficiency to interact directly with smart contracts to perform these operations.
TON Tech Launches AI-Powered Autonomous Trading Agent Capable of Independently Executing On-Chain Operations Within the Telegram Ecosystem
According to The Block, TON Tech—the infrastructure team under The Open Platform—has announced the launch of an AI-powered autonomous trading agent that supports independent on-chain actions on the TON blockchain, including transfers, token swaps, DeFi operations, automated trading, staking, and basic portfolio management—all without requiring users to surrender their private keys.
Binance HODLer Airdrop to List USD.AI (CHIP) and Distribute Airdrop Rewards
according to the official announcement, Binance HODLer Airdrop Season 63 project USD.AI (CHIP) will be listed on April 28, 2026, with trading pairs including CHIP/BTC, CHIP/USDT, etc. The airdrop will be distributed to users who subscribed their BNB to SimpleEarn or On-Chain Yields products between 00:00 on March 13, 2026 and 23:59 on March 15, 2026 (UTC). Rewards are expected to be distributed within 5 hours after the announcement.
ZetaChain: GatewayEVM Contract Attacked; Cross-Chain Transactions Suspended
According to an official announcement, ZetaChain stated that its GatewayEVM contract was attacked today, with the impact limited solely to internal wallets controlled by the ZetaChain team. The official statement confirmed that the attack vector has been blocked and no further funds are currently at risk. As a precautionary measure, ZetaChain has suspended cross-chain transactions. Meanwhile, the investigation remains ongoing; according to the official statement, no user funds have been affected by this incident, and a detailed post-mortem report will be released upon completion of the investigation.
Fidelity Digital Assets: Bitcoin Leads Crypto Market Stabilization, On-Chain Data Shows Positive Signals
According to CoinDesk, Fidelity Digital Assets released its “Q2 Signals Report 2026” on April 28, noting that although the crypto market as a whole remained in consolidation during early Q2, several underlying metrics have already shown signs of stabilization. The report states that Bitcoin’s dominance continues to rise, capital is flowing steadily into the most liquid assets, and both the unrealized profit level and momentum indicators align with characteristics typical of a correction phase—potentially laying the groundwork for a more stable market structure going forward. Meanwhile, network usage for Ethereum and Solana has diverged from their respective price trends, suggesting robust demand at the protocol layer. The report also notes that Bitcoin futures continue to exhibit negative funding rates; research firm 10x interprets this as reflecting institutional structural hedging behavior—not a broad bearish signal.
Related news
B.AI and deBridge Form Strategic Partnership to Build Cross-Chain Infrastructure for the AI Agent Era
According to an official announcement, B.AI has officially partnered with deBridge to jointly explore intent-based cross-chain infrastructure, enabling seamless cross-chain execution for scalable AI Agent economies. B.AI is committed to building the financial infrastructure for the AI Agent era, while deBridge’s zero-TV-L model and gasless cross-chain technology provide secure, decentralized foundational support. Leveraging deBridge’s MCP and intent-driven Bundles, the two parties will collaborate to advance efficient and secure autonomous trading systems, accelerating the real-world implementation of cross-chain execution in the AI Agent era.
Ronin to Migrate to Ethereum Layer 2 on May 12, RON Inflation Rate Expected to Drop Below 1%
gaming-focused blockchain Ronin has announced its migration to an Ethereum Layer 2 network on May 12. The underlying architecture will utilize the OP Stack and integrate EigenDA as the data availability layer. Chain operations are expected to be paused for approximately 10 hours during the migration. The team advises users to unstake their RON in advance or allow the system to handle it automatically after the migration is complete.Following the upgrade, RON's annual inflation rate is projected to decrease from over 20% to less than 1%. Additionally, the treasury will gain new revenue streams from staking rewards, Sequencer net profits, and Marketplace fees. Furthermore, Ronin has introduced a "proof of allocation" incentive mechanism based on "Builder Score," distributing RON rewards to ecosystem builders on a monthly basis.
Syndicate Loses ~$330,000 Due to Attack on Commons Cross-Chain Bridge
According to CertiK, Syndicate Protocol suffered an exploit due to a security breach in the Commons cross-chain bridge. The attacker exploited the vulnerability to acquire approximately 18.5 million SYND tokens, which were subsequently sold for roughly $330,000. The related funds have already been transferred to the Ethereum network via the cross-chain bridge. Syndicate’s official response states that it is investigating the security incident involving the Commons bridge. The team is tracking the attack and collaborating with security firms. It is also evaluating various options to compensate affected users. Syndicate holds sufficient token reserves to assist users who lost SYND.
Polymarket: API and On-Chain Data Are Public Information, No Data Breach Occurred
Polymarket stated on platform X that a characteristic of on-chain data is that all data is publicly auditable. In response to concerns about a data breach, Polymarket clarified that no data breach has occurred, and the relevant information can be obtained through its public endpoints and on-chain data. Users do not need to pay to access such data; instead, it is freely available via its API.
Bitcoin lending protocol Tropykus announces shutdown of its current version; deposit and lending functions are permanently discontinued.
According to an official announcement by Tropykus, the decentralized lending protocol Tropykus has initiated a phased shutdown of its current protocol version. Deposit and lending functionalities will be permanently discontinued. Users may withdraw funds and repay loans via tropykus.com until the deadline of July 27, 2026; thereafter, such operations will only be supported through direct interaction with smart contracts. The team stated that this shutdown decision stems from long-term strategic evolution—not from the security report previously received by Money on Chain, a partner of Tropykus. That report had prompted the protocol to proactively suspend deposits and new lending activities. However, the team emphasized that internal discussions regarding the shutdown predated the security incident, and the incident merely accelerated the decision. Technically, the team noted that the original architecture was designed for an earlier technological environment and is no longer capable of meeting long-term development needs in the face of emerging security challenges posed by technologies such as artificial intelligence. The team advises all users to complete withdrawals and settle their lending positions via tropykus.com before July 27, 2026. After this date, users will need technical proficiency to interact directly with smart contracts to perform these operations.
TON Tech Launches AI-Powered Autonomous Trading Agent Capable of Independently Executing On-Chain Operations Within the Telegram Ecosystem
According to The Block, TON Tech—the infrastructure team under The Open Platform—has announced the launch of an AI-powered autonomous trading agent that supports independent on-chain actions on the TON blockchain, including transfers, token swaps, DeFi operations, automated trading, staking, and basic portfolio management—all without requiring users to surrender their private keys.