Crypto markets saw a wave of ecosystem and governance updates across multiple projects this week. Pumpfun launched the Glass Full Foundation to accelerate community growth within its network. The foundation injected $1.69 million into ten tokens, with TOKABU and HOUSE holding the largest allocations.
It still holds $350,000 for future deployment. Orca DAO began voting on a proposal to stake its 55,000 SOL treasury to exclusive validators and use treasury assets to repurchase ORCA tokens within the next two years.
The U.S. SEC granted formal exemption to liquid staking projects such as Lido and Jito. This confirms that issuing staking tokens and distributing rewards do not fall under securities regulation. This move extends earlier self-custody staking exemptions.
Crypto exchange Gate partners for USD1 points program
In another development, World Liberty Financial, backed by the Trump family, announced the USD1 Points loyalty program. It is modeled on major U.S. airline and hotel reward systems. Gate partnered to launch the program as the exclusive crypto exchange partner.
Chainlink introduced the Chainlink Reserve to accumulate LINK from service revenues. Already holding over $1 million with no withdrawals planned in the near term. ResearchHub revealed plans to introduce a token burn mechanism, removing all transaction fee revenue from circulation each week to boost RSC token scarcity.
Ethena’s USDe stablecoin supply surged 75% in a month to reach $9.3 billion. Overtaking Sky USD and becoming the third-largest stablecoin by market capitalization. It also climbed to the sixth spot in total value locked among DeFi protocols.
Cardano approves $71M budget for governance era
Coinbase rolled out direct DEX trading on its Base network, allowing U.S. users outside New York to swap tokens without paying network fees. Shortly before, a sequencer transition failure caused a 33-minute outage on Base, and the team resolved it through manual intervention.
Cardano’s community approved a $71 million budget to advance its “Constitutional Era,” focusing on governance, on-chain constitution drafting, and protocol upgrades. Binance launched two new HODLer Airdrop projects, Towns. A private on-chain chat protocol, and Succinct, a decentralized prover network for zero-knowledge proofs.
The exchange listed both tokens for trading with multiple pairings, and it airdropped tokens to eligible users based on prior participation. These developments mark a significant period of ecosystem funding, governance progress, and infrastructure updates. These signals continued momentum in blockchain innovation and adoption across major networks.
