Lido V3 Phase 3 is now live, and all stVaults can mint stETH permissionlessly.

Polymarket Prepares pUSD Rollout and Protocol Upgrade to Cut Failed Trades

Polymarket's protocol upgrade introduces pUSD, a USDC-backed collateral token on Polygon, enhancing order management, reducing failed trades, and lowering gas costs. The update aims for a smoother user experience while improving trading architecture and security.

Nous Research Deep Dive: A Decentralized AI Lab That Paradigm Invested in at a $1B Valuation, Comprehensive Breakdown of the Hermes Model and the Psyche Network

Nous Research is an open-source AI lab focused on the Hermes series of models. In 2025, it received a $50 million investment from Paradigm, valuing it at $1 billion. What makes it unique is that it develops AI technology with a crypto-native team and then integrates it with the blockchain. Its core product, the Hermes model, is designed around the goal of reducing the refusal rate, and its data sources rely mainly on synthetic data. At the same time, Psyche Network builds a decentralized AI training network on Solana, incentivizing participants through a token mechanism. Nous Research adopts an open-source and decentralized strategy, aiming to demonstrate its technical capability and feasibility.

Ondo Finance submits a letter to the U.S. SEC requesting no enforcement action, concerning on-chain record-keeping of tokenized securities rights on the rights chain

Ondo Finance filed a request with the SEC on April 13, seeking confirmation that recording securities interests on the Ethereum mainnet in a tokenized form is compliant under certain patterns. Ondo believes that this on-chain recording can improve collateral monitoring, optimize processes, and simplify reconciliations, with the goal of operating in coordination with traditional finance.

Pi Network Distributes 26.5M PI to 1M KYC Validators

Pi Network has taken another step forward in building its ecosystem. The project recently distributed 26.5 million PI tokens to more than 1 million KYC validators. These rewards were given to users who helped verify identities on the network. This process is important. Because it ensures that

Aave Faces a Major Trust Crisis: Service Providers Exit En Masse, with “Technology, Governance, and Risk Control” Fully Failing

Author: Jae, PANews Compared with the external pressure of a bear market, Aave has instead seen a “black swan” emerge internally first. Aave, which has long occupied the throne of lending agreements, is now facing the most severe ecosystem shake-up since its founding. There has been no hacker attack, no code vulnerabilities—only power gone out of control and conflicting interests. From BGD Labs, a technical cornerstone, decisively leaving, to a public break between governance pioneer ACI (Aave Chan Initiative), and then to Chaos Labs, the risk-management steward, announcing that it is parting ways— a major “service provider retreat” is unfolding. The depth of this game goes far beyond a mere cooperation dispute; it has triggered

Hyperliquid introduces a priority fee mechanism on mainnet; the order priority fee cap is reduced to 8 bps

Hyperliquid founder Jeff announced on Discord that the priority fee mechanism has been live on the mainnet in Alpha mode, including two types: Gossip and Order. Users can pay with HYPE tokens; the order priority fee cap has been reduced from 20 bps to 8 bps. Currently, it only applies to IOC orders for HIP-3 assets.