pharos

According to the official announcement, Binance will launch PHAROSUSDT and STARUSDT perpetual contracts on May 14, 2026. The PHAROSUSDT contract will open for trading at 05:15 (UTC) with a maximum leverage of 20 times; the STARUSDT contract will open for trading at 05:30 (UTC) with a maximum leverage of 3 times. Both contracts are settled in USDT, support multi-asset mode, and will open contract copy trading services within 24 hours after launch.

The Binance futures platform will launch the PHAROS USDT perpetual contract on May 14, 2026, at 13:15, with a maximum leverage of up to 20 times; on the same day at 13:30, the STAR USDT perpetual contract will be launched, with a maximum leverage of up to 3 times. The above perpetual contracts will open for copy trading within 24 hours after going live.

According to official news, Binance Alpha has now launched Pharos (PHAROS).Users holding at least 200 Binance Alpha points can claim an airdrop of 45 PHAROS tokens on the Alpha event page, following a first-come, first-served mechanism. If the event has not ended, the points threshold will automatically decrease by 5 points every 5 minutes.In addition, claiming the airdrop will consume 15 Binance Alpha points, and users must complete the confirmation within 24 hours, otherwise it will be considered a forfeiture of the claim.

OKX will launch PROS/USDT (Pharos) spot trading on May 13 at 18:00. Users can deposit funds on the same day starting at 12:00, place advance orders from 17:00 to 18:00, and withdraw funds starting at 20:00.

UPBIT will launch trading for Pharos (PROS) on May 8 at 20:30, supporting KRW, BTC, and USDT markets. Users are advised that the deposit service will be available 1 hour and 30 minutes after the announcement is made.

OKX Wallet officially integrated with the Pharos mainnet on April 29, 2026. Users can now manage Pharos assets and interact with DApps within the wallet. At the same time, the Pharos × OKX Wallet exclusive airdrop event is ongoing, and users can participate in claiming it within the standalone OKX Wallet app.

OKX will start the Pharos × OKX Wallet exclusive airdrop event on April 20, 2026, at 07:59. Users can participate in staking to receive airdrop rewards. Redemption will open on July 20, 2026, at 19:00, and the staked assets will be locked in the smart contract before the redemption opens.

DefiLlama data shows that crypto startups raised a total of $76 million in the first week of Q2 2026, with a cumulative financing amount close to $500 million so far in 2026.The main financing projects this week are as follows: Pharos completed a $44 million Series A round, with participation from SNZ Holding, Chainlink, and Flow Traders. The project's main business is to build a high-performance Layer 1 blockchain that is compatible with Ethereum applications and focuses on RWA and decentralized infrastructure networks.Oh completed a $7.5 million Series A round, led by Maven 11, with participation from L1 Digital, Hashed, Auros Global, and Maelstrom. The project's main business is to build a Web3 AI platform that provides decentralized AI service tools such as OhChat.Kulipa completed a $6.2 million seed round, led by Flourish Ventures and 1kx, with participation from White Star Capital and Fabric Ventures. The project's main business is to provide branded payment cards for crypto wallets, allowing digital assets to be converted into traditional currency at checkout.

According to official news, the Layer 1 blockchain network Pharos Network, aimed at institutional-level financial scenarios, announced the completion of a $44 million Series A financing round, led by several undisclosed top institutions, including Asian private equity funds, renewable energy listed companies, and compliant financial institutions in Hong Kong. Participating investors include Sumitomo Corporation's subsidiary, crypto-native institution SNZ Holding, Chainlink, and Flow Traders. The funds will be used to accelerate the construction of on-chain real-world asset (RWA) infrastructure in Asia and globally.Before this round of financing, Pharos had completed an $8 million seed round in November 2024, led by Lightspeed Faction and Hack VC, with other investors participating, bringing the total financing amount to $52 million. The Pharos testnet will go live in May 2025, allowing developers to build and test applications on the platform.

According to Cointelegraph, a court in Texas, USA, dismissed a lawsuit filed by crypto developer Michael Lewellen. Lewellen sought a declaratory judgment from the court, stating that his developed software Pharos (used for donating to charitable crowdfunding activities) would not be prosecuted for violating money transmission laws. U.S. Chief District Judge Reed O'Connor dismissed the case on Wednesday, stating that Lewellen failed to demonstrate a credible and imminent threat of prosecution.Lewellen expressed his disappointment on the X platform, saying, "I am disappointed that the court dismissed my lawsuit today." The court's dismissal opinion also referenced a memorandum from the U.S. Department of Justice, which stated that the department would no longer prosecute virtual currency exchanges, mixing services, or offline wallets for actions or inadvertent violations by their end users. Lewellen added, "The non-binding memorandum from the Department of Justice cannot replace true legal certainty."

High-performance parallel Layer 1 public chain Pharos announced a new round of capital cooperation upgrade with Hong Kong Stock Exchange listed company GCL-Poly Energy, with GCL-Poly Energy completing an investment subscription in Pharos at a valuation of nearly $1 billion.This investment delivery stems from the preliminary announcement released by GCL-Poly Energy and was officially finalized after completing the regulatory disclosure procedures required by the Hong Kong Stock Exchange. The compliance framework is based on the information disclosure standards of Hong Kong listed companies. The two parties will collaborate on scenarios such as the tokenization of new energy assets, distributed energy trading, and carbon footprint tracking, promoting the large-scale implementation of real-world assets (RWA). Pharos's underlying architecture is EVM compatible, with the test network processing over 20,000 transactions per second (TPS) and supporting sub-second transaction confirmations. Pharos co-founder and CEO Wish Wu stated that this cooperation aims to create a standard model for integrating Web3 technology into the physical industry, and the nearly $1 billion valuation reflects the market's recognition of its technological value.

Global leading full-stack Web3 security company ExVul has established a long-term strategic partnership with high-performance financial public chain Pharos, jointly setting up a $1.25 million security audit Grants to support the development of early startup teams within the Pharos ecosystem.The Grants are aimed at early projects in the Pharos incubator, providing complete security audit services for core smart contracts and key system modules, along with funding and ongoing security advisory support. The collaboration between Pharos and ExVul fully reflects a high level of trust in their professional capabilities and highlights the close binding of both parties in the long-term construction of the ecosystem. Through this cooperation, ExVul will build a sustainable, secure, and compliant infrastructure for Pharos's early projects, solidifying the foundation for the ecosystem's long-term development.

Pharos Network has announced the launch of a builder incubation program called Native to Pharos, with a funding scale of over $10 million. The program aims to accelerate innovation in its on-chain financial ecosystem, focusing on the intersection of real-world assets (RWA), DeFi, and blockchain infrastructure.The incubation program is supported by partners such as Hack VC, Draper Dragon, Lightspeed Faction, and Centrifuge. Participating projects will receive technical guidance, strategic direction for product launch and scaling, as well as support from a network of investors and ecosystem partners. Pharos Network is a RealFi Layer 1 blockchain developed by former executives and engineers from Ant Group. The program is currently open for applications, with the first recruitment event set to launch in Hong Kong.

According to official news, Hong Kong's leading listed new energy company GCL-Poly Energy (00451.HK) has signed a subscription and investment agreement with RealFi inclusive finance Layer 1 Pharos. Pharos will subscribe for approximately 10% of GCL-Poly Energy's shares, and GCL-Poly Energy will issue 186.5 million subscription shares to Pharos at a price of HKD 1.033 per share.Through this cooperation, Pharos's expertise in building institutional-grade asset tokenization applications will further combine with GCL-Poly Energy's strong resources and leading position in the new energy sector. Both parties will jointly accelerate the application of Web3 technology in the new energy field, creating long-term value for stakeholders and further exploring the transformative potential of blockchain technology in various applications.At the same time, this cooperation will also utilize Pharos's Data Asset Token (DAT) framework to transform real-world energy data into standardized financial assets on the blockchain.

ChainCatcher news, according to official sources, the programmable open finance Layer 1 platform Pharos has announced the adoption of Chainlink CCIP as its standardized cross-chain infrastructure and will use Chainlink data streams to support the tokenized RWA market.Pharos was founded by leaders from AntChain and Ant Financial's blockchain, with the advantage of providing enterprise-level solutions for institutions exploring green finance, digital payments, and new forms of programmable ownership and asset tokenization. Pharos will enable institutional-grade risk assets (RWA) to be widely accepted by individual investors, thereby promoting the adoption of RWA and attracting new users to DeFi, among others.

ChainCatcher news, Yunfeng Financial Group (HKEx) announced a strategic cooperation agreement with Ant Group, while also making a strategic investment in the Pharos public blockchain.Both parties will leverage Ant Group's advantages in blockchain technology, combined with Yunfeng Financial's experience in traditional financial sectors such as asset management, securities, and insurance, to jointly layout the tokenization of RWA (real-world assets) and the Web3 field through the Pharos high-performance public blockchain platform. This cooperation aims to accelerate the integration and innovative development of Web3 and traditional finance, with all parties maintaining independent third-party relationships.