News linked to both this project and an event.
According to official announcements, Brevis—a ZK-powered intelligent verifiable computation platform—has launched Pico Prism 2.0, now live on Ethereum’s mainnet under the current 60-million-Gas block limit. Benchmarking results show that, under Ethereum’s current 60-million-Gas block limit, Pico Prism 2.0 achieves an average proof time of 6.1 seconds per block, with 99.9% of blocks completing final proofs within 12 seconds. The entire system runs on just two machines equipped with a total of 16 RTX 5090 GPUs, at an aggregate hardware cost of approximately $100,000. Compared to Pico Prism 1.0, Pico Prism 2.0 delivers roughly a 5.3× improvement in per-block proof efficiency—even while using only one-quarter of the hardware configuration—further fulfilling the Ethereum Foundation’s two primary objectives for real-time proving: “average proof latency under 10 seconds” and “on-premises hardware cost under $100,000.” Previously, Brevis was selected for the Ethereum Foundation’s “On-Prem Proving Initiative,” a program launched in May 2026 to test whether ZK proofs can scale as decentralized infrastructure without reliance on a handful of cloud service providers—the most L1 zkEVM-integration-ready rehearsal to date. Moving forward, Brevis will continue focusing on robustness.
: Solana core development team Anza announced that a major consensus mechanism upgrade, codenamed Alpenglow, has been launched on the community testnet. Validators can now switch from the current Proof-of-Stake, Proof-of-History, and TowerBFT architecture to the new consensus framework within the test cluster.The upgrade shortens transaction finality time and improves network response efficiency by restructuring the validator communication and block confirmation process. This testing phase marks that validators can now execute the Alpenswitch migration operation in a real-world environment. Solana co-founder Anatoly Yakovenko previously stated that if testing goes smoothly, Alpenglow could be deployed to the mainnet as early as next quarter. (CoinDesk)
Odaily Odaily Planet Daily reports, Ronin, the gaming-focused blockchain behind Axie Infinity, will migrate from an independent sidechain to an Ethereum Layer 2 network (L2) via a hard fork on May 12. The upgrade adopts the OP Stack architecture and is expected to trigger approximately 10 hours of network downtime, during which transfers, swaps, contract interactions, and on-chain gaming activities will all be paused.This upgrade simultaneously introduces the Proof of Distribution mechanism, which automatically rewards ecosystem builders based on their actual network contributions. In terms of tokenomics, RON's inflation rate will be drastically reduced from over 20% to below 1%; the 90 million RON originally allocated for staking rewards will be transferred to the treasury fund; and the market fee will be increased from 0.5% to 1.25% to enhance network security, scalability, and long-term economic stability. (CoinDesk)
Binance has released its May proof of reserve update. As of May 1st, users' net BTC balance stood at 606,742.388 BTC, while Binance's wallet balance was 608,067.979 BTC, resulting in a BTC reserve ratio of 100.22%.Additionally, users' net ETH balance was 3,762,321.834 ETH, with Binance's wallet balance at 3,762,328.82 ETH, giving an ETH reserve ratio of 100%. The USDT reserve ratio was 104.27%, and the BNB reserve ratio was 101.68%.
: According to market sources, billionaire Jack Dorsey's crypto finance app platform Cash App officially launched a Bitcoin reserve proof feature this week, verifying to over 60 million users that its Bitcoin holdings are fully backed with 1:1 reserves. Market observers believe this move represents a significant step forward for the crypto industry in terms of transparency, user trust, and self-custody standards, and is also seen as a positive signal promoting the long-term healthy development of the sector. (The Bitcoin Historian)
According to an official announcement, Block has launched a new Bitkey hardware wallet featuring a secure touchscreen. Additionally, Cash App now supports automatic conversion of received peer-to-peer payments into Bitcoin, and users can earn 5% Bitcoin cashback when spending at Square merchants. Block has also implemented Proof of Reserves for its corporate Bitcoin treasury holdings as well as for Bitcoin holdings of Cash App and Square customers—enabling independent on-chain signature verification. Furthermore, Block will showcase Square’s NFC-based Bitcoin tap-to-pay solution at Bitcoin Las Vegas 2026 and advance the development of its Proto Bitcoin mining product suite.
According to an official post on Ethena’s X account, due to the absence of a satisfactory root-cause analysis regarding the rsETH incident, Ethena has decided to extend the suspension period for its LayerZero OFT cross-chain bridge. Meanwhile, Ethena released its latest Proof of Reserves, independently verified by four third-party entities—Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter—confirming that USDe’s collateral coverage ratio remains above 100%. The verification results have been published on Ethena’s Transparency Page and Data Dashboard. Ethena stated it will continue monitoring the situation and provide updates as they become available.