development

Ethlabs published a response on platform X regarding its nonprofit positioning and funding situation, stating that the choice to operate under a nonprofit structure is to focus on the long-term development needs of Ethereum as a "public good" and to maintain the organization's independence and neutrality in research and development.In terms of governance structure, Ethlabs pointed out that its funding comes from large ETH holders and Ethereum ecosystem builders, whose interests are highly aligned with the long-term success of Ethereum, but they will not gain any governance control or participate in roadmap formulation or project prioritization decisions. Ethlabs emphasized that this arrangement is intentionally designed to avoid external funding influencing core directions.At the same time, Ethlabs stated that the future continuous financing mechanism itself is also a form of "accountability mechanism," meaning that only by continuously creating real value for the Ethereum ecosystem can they obtain subsequent funding support, thus forming a long-term feedback loop.Regarding funding, Ethlabs revealed that it is currently in the final stages of financing and has not disclosed specific amounts, but the committed funds already obtained are expected to support an operational cycle of 2 to 3 years and cover the recruitment needs for top talent. Ethlabs emphasized its positioning as a long-term project, not a one-time funding plan.

According to official news, AI-assisted development of the Web3 infrastructure layer Canopy has completed a $8.5 million seed round financing, with participation from Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital.The raised funds will be used to support its mainnet launch, expansion of the engineering team, and the development of native AI development tools.

According to Jinshi reports, Federal Reserve official Kashkari stated that in the short term, the development of artificial intelligence is clearly a factor driving inflation.

According to official news, Lightning Labs has released Taproot Assets v0.8 and its accompanying SDK. The new SDK supports developers in quickly integrating stablecoin functionality on the Bitcoin network, adding features such as backup and recovery, multi-asset liquidity control, and faster proof verification, aimed at improving infrastructure efficiency. Lightning Labs stated that the future of multi-asset Bitcoin has arrived and encourages developers to start building.

Backpack CEO Armani Ferrante responded on X regarding the discussion about the project's delay in TGE, stating that if the project team is only looking for an exit opportunity, delaying TGE is fine; but if the goal is to build long-term and win the market, "TGE should have been done yesterday"; if there are concerns about market panic (FUD), then tokens should not be issued at all.Ferrante claims to be a "habitual offender of bear market minting and TGE," believing that market timing is actually irrelevant. This statement responds to user @AleyProbably's viewpoint, who argued that if all projects that delayed TGE had completed their airdrops on time, the market conditions would be much better, because "the market needs liquidity, and airdrops are one of the best ways to obtain liquidity."

Tether CEO Paolo Ardoino announced that the Bitcoin mining development kit has been upgraded to version 0.2.0, achieving its first complete end-to-end open-source operation. The latest version supports the full open-source deployment and operation of the entire Bitcoin mining machine development stack, and can display the mining machine's hash rate output data in real-time. Developers can directly launch the system and observe the real-time generation of the actual mining machine's hash rate on the interface. Its goal is to build a foundational technology framework that connects intelligent systems with physical infrastructure.

The AI Identity and Agent Infrastructure Project Billions has released its latest strategic roadmap, announcing a focus on advancing the infrastructure construction related to Agent commerce and Agent payments, promoting the evolution of AI Agents from information processing tools to participants in economic activities.Billions stated that as Agents begin to autonomously complete service calls, payment settlements, product purchases, and task executions, AI is gradually entering the Agent economy era. In the future, Agents will not only need identity and permission management capabilities but also the ability to participate in real commercial activities and value exchanges.Currently, Billions has launched payment-related components based on the x402 protocol, including Agent Skill, server-side extensions, and SDK. The team indicated that they will continue to expand product capabilities around Agent authentication, authorization management, payment execution, and commercial collaboration scenarios, building an infrastructure network aimed at the Agent Economy.Billions believes that the automated value exchange between Agents and between Agents and services will become the next stage of AI development, and the Agent commercial network is expected to become an important part of the future digital economy.

Tether CEO Paolo Ardoino announced that the Bitcoin mining development kit has been upgraded to version 0.2.0 and achieved its first complete end-to-end open-source operation. The latest version supports the full open-source deployment and operation of the entire Bitcoin mining machine development stack, and can display real-time mining power output data. Developers can directly launch the system and observe the real-time generation of actual mining power on the interface. Its goal is to build a foundational technology framework that connects intelligent systems with physical infrastructure.

The Ministry of Commerce and seven other departments officially released the "Implementation Opinions on Accelerating the Development of 'Artificial Intelligence + Consumption'," proposing 17 specific measures around five major areas: commodity consumption, service consumption, business innovation, and promotion guarantees. The aim is to address structural bottlenecks on both the supply and demand sides, promoting the accelerated integration of artificial intelligence technology into households and businesses.The "Opinions" clearly state that in the commodity sector, the supply of smart terminals will be expanded, a new track for humanoid robot consumption will be established, and a "people, vehicles, homes" full-scene interactive ecosystem will be created. It also promotes the deep integration of AI with cutting-edge technologies such as brain-machine interfaces and augmented reality. In the service sector, the focus will be on five major scenarios: home care, elderly care, and cultural tourism, researching the inclusion of smart homes in the "good housing" construction guidelines, and equipping elderly care institutions with smart nursing and rehabilitation robots. Furthermore, the "Opinions" also plan to embed AI technology in retail, e-commerce, and logistics to enhance circulation efficiency, and propose the establishment of "Artificial Intelligence + Consumption" aggregation areas and experience centers, requiring close alignment with existing consumption promotion policies such as "trade-in for new" for digital products, thereby shifting the logic of consumption growth in our country from reliance on external stimuli to gradual empowerment through technology.

According to CoinDesk, Ethereum developers have entered the final development phase of the Glamsterdam upgrade, running a developer network (devnets) that includes all planned EIPs, which will then be deployed to the public testnet. Parithosh Jayanthi, a core developer at the Ethereum Foundation, stated that this is the final stage before codebase hardening and testnet launch, and although there is no fixed timeline, significant progress has been made. Glamsterdam is expected to launch on the mainnet in the second half of this year and is described as "the largest upgrade since the merge," which will change many assumptions about Ethereum and lay the groundwork for larger-scale expansions in the future.Key features include EIP-7732 (built-in proposer-builder separation), which incorporates a separation mechanism for block construction and proposal into the core protocol to reduce MEV manipulation opportunities; and EIP-7928 (block-level access lists), which allows blocks to declare in advance the accounts and contract data they will access, improving execution efficiency. Glamsterdam also includes a series of gas repricing that will significantly change the operational costs on Ethereum: high-computation operations will become cheaper, while state management costs will increase.

According to official data from Gate, the platform's copy trading ecosystem continued to show strong growth last week. The overall trading volume of CFD copy trading increased by 24.4% month-on-month, with copy trading volume increasing by 39%; the daily average number of new copy trading users grew by 25.8%, and the daily average number of new copy traders increased by 36%. Meanwhile, Gate's contract copy trading business maintained rapid development, with the daily average number of new contract copy trading users increasing by 50% month-on-month, and user participation and trading activity continued to rise.As the industry's first platform to launch contract copy trading and CFD contract copy trading services, Gate has built a copy trading ecosystem covering diverse markets such as crypto assets, metals, foreign exchange, indices, commodities, and popular U.S. stocks, and adopts a HWM (High Water Mark) profit-sharing mechanism, allowing copy traders to enjoy a profit-sharing ratio of up to 20%, creating a fairer and more transparent growth environment for copy trading users and professional traders.In addition, the Gate copy trading platform provides multi-dimensional leaderboards for star traders, steady traders, and potential newcomers, supports one-click quick copy trading and flexible parameter configuration, and helps new users grow rapidly through trader live broadcasts and community activities, continuously practicing the concept of "allowing every user to trade like a professional trader."

The Coinbase developer platform has released an update on the progress of the payment ecosystem development. With the official launch of Coinbase for Agents, users can now create independent accounts for AI Agents, executing automated operations such as transactions and asset management under set permissions and risk control rules. The new Coinbase CLI and MCP have simplified the login process and have been demonstrated for identity and operation integration via Claude. The developer wallet is now available through the Swift SDK, supporting the integration of self-hosted wallet functionality in iOS native applications.In the coming weeks, the x402 protocol will support users within Coinbase for Agents to make direct payments using their USDC balance, allowing Agents to not only operate accounts but also complete real payments directly through the stablecoins held by users. Additionally, Coinbase will release a system update on June 16 to further enhance payment and Agent-related capabilities.

Pudgy Penguins' Web3 game Pudgy Party announced it will cease development and fully shift to the browser-based free game Pudgy World.In August last year, the NFT brand Pudgy Penguins launched a Web3 mobile game called Pudgy Party, developed in collaboration with Mythical Games, featuring fast-paced mini-games, customization, and digital collectibles. In March this year, Pudgy Penguins launched the browser-based free game Pudgy World.

The global stablecoin payment infrastructure platform WasabiCard has been featured in a special report by Forbes, which discusses the challenges faced by stablecoin payments in becoming mainstream applications and includes an interview with WasabiCard co-founder and CEO Ray Yang. The report points out that as stablecoin applications gradually extend from crypto trading to real business scenarios such as corporate payments and cross-border settlements, the underlying payment infrastructure is becoming a key driver of industry development.In the interview, Ray Yang stated: "At this stage, the development of stablecoin payments still faces dual challenges in technology and regulation. From a technical perspective, the core issue is no longer the transfer of funds itself; rather, the key lies in licensing qualifications, compliance systems, risk management capabilities, and banking network capabilities."Ray Yang further pointed out that the key to achieving large-scale commercialization of stablecoin payments does not lie in the payment capability itself, but in whether a global infrastructure can be built to connect digital assets with the traditional financial system. As a global stablecoin payment infrastructure platform, WasabiCard continues to focus on the global payment network, compliance systems, and enterprise-level payment capabilities, committed to promoting the widespread application of stablecoins in real business scenarios.This special report by Forbes reflects the ongoing attention of international mainstream financial media to the development trends of stablecoin payment infrastructure and indirectly highlights the growing importance of compliance and the value of building scalable global payment networks in the market.

According to the latest weekly report from Gate Ventures, the market has shown a significant cooling of risk appetite under the influence of strong economic data and ongoing inflationary pressures, with global growth assets generally under pressure.The cryptocurrency market has also pulled back, with BTC down 14.4% for the week and ETH down 15.7%. The total market capitalization of cryptocurrencies has decreased by 12.5%, and market sentiment has dropped to the "extreme fear" range. In terms of capital flow, the spot BTC ETF saw a net outflow of $1.72 billion in a single week, setting a record for the largest weekly outflow in history; the spot ETH ETF experienced a net outflow of $168.2 million during the same period, indicating that institutional funds are becoming more cautious in the short term.In terms of industry development, Mastercard announced the expansion of stablecoin settlement applications in its global payment network, supporting various compliant stablecoins for round-the-clock settlements in payment scenarios, further promoting the integration of stablecoins into mainstream financial infrastructure.In terms of investment and financing, three financing transactions were disclosed last week, with the infrastructure sector continuing to dominate. Among them, the digital asset derivatives infrastructure project SignalPlus completed a $50 million financing, demonstrating that market funds are still focused on underlying infrastructure and long-term application scenario development.Overall, the market is temporarily disturbed by macro factors, but stablecoin payments and infrastructure development remain important directions for industry growth.

AMIKO announced the completion of the full-platform Agent runtime upgrade, with the underlying platform migrated to the self-developed open-source architecture OpenHermit. According to information from the project team, existing users have completed the system transition, and new users will directly operate on the OpenHermit architecture after registration. Meanwhile, the AMIKO ecosystem development segment has officially entered the open phase.AMIKO is an identity and social infrastructure aimed at the AI Agent era, focusing on four aspects: identity, productivity, social interaction, and economy, with the goal of enabling users to have AI Twins, Companions, Assistants, and Experts that can represent them in actions, communication, and collaboration. OpenHermit is AMIKO's self-developed open-source Agent runtime, designed for large-scale production-level deployment scenarios, supporting stable hosting and low-cost continuous operation of a large number of Agents.During the internal testing phase, OpenHermit has gained discussions and code contributions within the global developer community, and the related code repository has been opened on GitHub. Documentation and quick start guides can be viewed at openhermit.ai.This upgrade is also seen as a product landing point for AMIKO's recent strategic actions. Previously, AMIKO received strategic investment from the American technology investment firm High Ridge Holdings and reached a strategic equity partnership and comprehensive ecological cooperation with Feixiaohao.With the completion of the underlying architecture upgrade, independent developers and professional teams can develop and deploy products and services within the platform ecosystem based on AMIKO's infrastructure covering identity, productivity, social interaction, and economy. AMIKO stated that its goal is to become a universal Agent infrastructure platform in the AI-native era, allowing the flow of identity, productivity, social interaction, and economy to occur naturally between users and Agents.

The United Nations Development Programme (UNDP) recently announced the establishment of the Blockchain Advisory Group (BAG) during the Proof of Talk 2026 in Paris, focusing on optimizing public systems and governance through blockchain technology. The first meeting was chaired by UNDP Deputy Administrator Xu Haoliang, with the initial in-depth topic being inclusive finance and digital finance, discussing obstacles such as fragmented payment systems, limited digital identities, insufficient interoperability, and institutional readiness, while assessing how blockchain can complement existing digital public infrastructure to enhance financial accessibility, efficiency, and transparency.BAG plans to hold two meetings each year to promote cooperation with the blockchain ecosystem around themes such as digital governance and public trust, legal identity and inclusive societies, digital financial services, climate and traceable accountability, digital labor and the future of work. Current members include 26 institutions such as the Ethereum Foundation, Filecoin Foundation, Stellar Development Foundation, Algorand Foundation, Arbitrum Foundation, Celo Foundation, Web3 Foundation, and Kraken.

The Deputy Minister of Finance of Russia, Ivan Chebeskov, stated that he does not wish to allow dollar-denominated stablecoins to circulate in the Russian market. Chebeskov pointed out that foreign stablecoin issuers such as USDT and USDC have the ability to freeze users' wallet assets. Once the relevant wallets engage in transactions with platforms licensed by the Central Bank of Russia, the risk of asset freezing for holders will significantly increase.He revealed that there have already been cases where dollar stablecoins held by Russian legal entities were frozen by the issuers, while Bitcoin and Ethereum have not encountered similar situations due to the lack of relevant technical means. The Russian Ministry of Finance believes it is necessary to establish a regulatory framework specifically for stablecoins and to prioritize the development of stablecoins pegged to the ruble and the currencies of friendly countries, while also granting the Central Bank of Russia the authority to adjust the list of relevant assets.