News linked to both this project and an event.
Odaily Planet Daily reported that according to official sources, the first edition of the OKX Flash Earn Lite event will be launched for MON (Monad) from June 16, 2026, 15:00 to June 20, 2026, 15:00 (UTC+8). During the event, users who participate by locking BTC, OKB, or MON will share a reward pool of 9,500,000 MON.It is reported that Flash Earn Lite is a lightweight version of the OKX Flash Earn product, featuring a more streamlined prize pool and subscription pool design. By participating in the subscription, users can not only earn yields on the base assets but also receive additional token airdrop rewards.
According to an official tweet from HelloTrade, HelloTrade has announced its migration to the Monad ecosystem, aligning closely with Monad’s vision of “making global capital markets more accessible.” HelloTrade stated it will continue advancing its alpha testing and pledged to release further updates on progress.
the decentralized contract trading platform Pingu Exchange has announced its permanent closure, with the platform set to go offline on July 31, 2026. Launched on Arbitrum in January 2024, Pingu started with approximately $270,000 in seed capital, achieving a cumulative trading volume of around $2.4 billion and distributing about $650,000 in ETH and USDC to stakers. The team subsequently migrated to the Monad mainnet, but over the roughly six months following the migration, the platform's trading volume reached only about $80 million. The team has not taken salaries since February to avoid depleting the treasury.
TownSquare, an infrastructure provider for institutional yields and cross-chain lending brokerage services, has partnered with Native, a non-custodial automated trading infrastructure, to launch a $10 million yield-generating vault on the Monad L1. This vault will support assets including USD1, USDC, cbBTC, and MON, offering higher yields than conventional lending through trading-based yield generation. This marks TownSquare’s first collaboration with a trading-based yield manager. The partnership aims to bring real-world asset (RWA) and stablecoin institutional yields to a broader user base. Native is a close partner of Binance Wallet and Buidlpad, having previously launched vaults for BNB and wETH on BNB Chain and Ethereum—demonstrating its stability, scalability, and ability to generate yields for liquidity providers (LPs) managing tens of millions of dollars. This initiative also represents the first trading-yield vault on the Monad chain. Native already operates credit pools across multiple EVM chains with over $35 million in liquidity, achieving daily trading volumes of $50–100 million and cumulative trading volume exceeding $25 billion. Its Proactive Market Making (PMM) structure enables retail users to access institutional-grade trading yields. TownSquare previously launched a $100 million USD1 liquidity program and has raised over $16 million to date—including funding from this collaboration.
Odaily Echo Protocol posted on X platform, confirming a security incident on the Monad cross-chain bridge. An investigation is currently underway, and all cross-chain transaction functions have been suspended. The protocol stated that it will continue to provide updates through official channels once the investigation progresses.
: Kelp posted on X platform, stating that to ensure the security standards of rsETH and optimize network integration, it will discontinue rsETH cross-chain support for multiple networks after June 15. The affected networks include Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, and Movement.Kelp reminds users holding rsETH on the aforementioned chains to bridge it back to the Ethereum mainnet before June 15. After the deadline, asset recovery can still be requested, but a fee of 100 USDC will be charged per address. Specific procedures will be announced closer to the deadline.
TownSquare, an infrastructure platform focused on institutional yield and cross-chain lending brokerage services, has announced a $100 million USD1 token liquidity program—a strategic initiative designed to bring institutional-grade and cross-chain yield opportunities to a broader user base via World Liberty Financial’s USD1 stablecoin and institutional yield strategies. Previously, TownSquare collaborated with the World Liberty Financial DeFi team to integrate the USD1 token onto Monad, a high-performance EVM-compatible chain, and received official incentives from the Monad Foundation. The team stated that this new liquidity program marks TownSquare’s continued commitment to expanding DeFi’s real-world applicability and delivering institutional strategy yields to more assets. Currently, the project’s official website has launched its cross-chain lending functionality, while its yield vault product is listed as “Coming Soon.” According to official information, the project has previously completed a funding round backed by Monad, a16z, Aptos, Solana Bonk, and other U.S. and European angel investors and VCs. The founding team includes alumni from Coinbase, Meta, Accenture, and market-making firms. Details about the project’s next funding round have not yet been disclosed.
According to a post by Category Labs, Category Labs has increased the authorized amount for public-market token buybacks from its previous cap to a maximum of $80 million and extended the execution period through the end of 2026. It stated that any buyback may be initiated, suspended, or terminated at its sole discretion, subject to applicable laws and regulations. This update does not constitute a commitment to repurchase any specific number of tokens but reflects its intention to consider buybacks opportunistically based on market conditions.
Monad’s official X account (@monad) has been reinstated after being suspended yesterday. X did not previously specify the reason for the suspension, and several crypto projects posted in support of its reinstatement.
Monad co-founder Keone Hon posted on platform X, stating that the Monad account was frozen without any warning. He speculated that it was due to a system error. Monad has not engaged in any abnormal operations or violated API usage. They have contacted the X platform support team through multiple channels and expect the account to be restored soon.
Decentralized equity asset trading protocol DeShare announced a partnership with compliant digital asset exchange DigiFT to launch the first SpaceX Pre-IPO asset presale on the Monad network. Under the agreement, all SpaceX-related assets will be custodied in compliance by DigiFT, ensuring a 1:1 peg to the underlying real-world asset value and delivering a secure, transparent, and auditable investment experience. This collaboration marks DeShare’s establishment of a full-cycle equity trading ecosystem spanning secondary-market trading of Hong Kong and U.S. equities, IPO subscription, and Pre-IPO allocation. Starting with SpaceX, on-chain investment in high-quality global Pre-IPO equity assets is gradually becoming a reality.