Solana co-founder toly noted that the industry needs a stablecoin that can only be frozen under a court order, opposing other freeze factors. He suggested that the protocol issue a stablecoin with custom freeze strategies on the base layer and strengthen security measures. This view stems from a recent response by Circle to the Drift protocol hack incident, sparking discussions about centralized stablecoins.

Ethereum Layer 2 network Scroll saw roughly 139,000 transactions have excess fees of more than $50k because the manual increase in the gas price multiplier led to higher transaction costs than expected. The actual cost was far above the forecast. The incident sparked widespread questions about its subsidy strategy, and Scroll’s TVL also fell sharply to $24 million.

SimpleChain announced on April 11 that it has completed a $15 million seed round, mainly involving family offices and institutional investors. The network positions itself as the “institutional operating system” for real-world assets (RWA), aiming to build an RWA Layer 1 network and provide enterprise-grade infrastructure to support the global tokenization of real-world assets.

SimpleChain completed a $15 million seed round on April 10, with funding provided by family offices and institutional investors. The project focuses on building an institutional-grade real-world assets (RWA) Layer 1 operating system, driving asset tokenization, on-chain verification, and compliance automation, and aims to enable seamless global interaction among assets, data, and institutions.

Flare announced a governance proposal on April 10. The plan is to capture the maximum extractable value (MEV) to the protocol layer through a newly established entity called FIRE, and to repurchase and burn FLR tokens. The proposal includes a three-stage block-building reshaping, along with the FLR annual inflation rate and an annual hard cap reduction, with the goal of optimizing the network’s economic model and improving protocol transparency and security.

Gate News message. On April 10, according to Gate market data, as of the time of writing, MON (MON Protocol) is trading at $0.03414. In the past 24 hours, it is up 14.31%. It reached a high of $0.03494 and fell to a low of $0.02915. The 24-hour trading volume was $4.6408 million. Its current market cap is approximately $370 million. MON Protocol is a high-performance Layer 1 blockchain built to support next-generation decentralized applications. As an Ethereum-compatible chain, Monad provides 10,000 TPS, sub-second finality, low fees, and scalable decentralization. The project is committed to accelerating decentralization by building blockchains that are 100 times, or even 1,000 times, faster than the closest competing rivals.

Pharos Network announces the completion of a $44.0 million Series A round, led by multiple top-tier institutions, with funds to be used to build real-world asset infrastructure. Previously, Pharos had completed an $8.0 million seed round, bringing total funding to $52.0 million. The testnet is scheduled to go live in May 2025.

Mastercard’s cryptocurrency business partners number more than 100, covering multiple key areas and working toward becoming the connection layer in the payments pathway. Its strategy aims to lower the access threshold, expand network effects, and attract payment institutions and financial endpoints to join the network, which differs from the strategies of traditional payments giants.

Several Swiss financial institutions jointly launched a Swiss franc stablecoin sandbox test, aiming to build a blockchain-based digital settlement layer and promote stablecoin payments and asset transfers. This project is subject to regulation and will continue until 2026, to accumulate experience for future commercialization. This move strengthens Switzerland’s competitive edge in the digitization of finance and indicates that the global financial system is evolving toward “on-chain” development.

OpenClaw released its 2026.4.7 version update on April 7, introducing a headless reasoning core, a Webhook-driven TaskFlow, and a memory-wiki knowledge layer. It also added support for multiple types of vision models, enhancing multimodal reasoning and knowledge management capabilities.