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dev

Websea has received strategic investment from a Middle Eastern family fund, with the resumption of withdrawals imminent, marking the beginning of a new development phase

According to the official announcement, the digital asset trading platform Websea has reached an investment intention with a strategic investor and will officially open withdrawals on May 18 at 16:00 (UTC+8), while also announcing specific withdrawal arrangements.It is reported that this strategic investment comes from a family fund in the Middle East. Both parties have conducted multiple rounds of in-depth communication on core issues such as the platform's asset status, business structure optimization, recovery path design, and long-term development planning, ultimately reaching a consensus for cooperation. Currently, the investor is advancing the capital injection process according to procedures, while simultaneously carrying out final confirmation work such as legal review, agreement signing, and equity arrangements.Websea CMO Herbert R. Sim stated that Websea has gone through an exceptionally difficult time, but in the face of many doubts from the industry, the platform team members have been working silently and have finally welcomed new life. He believes that this test is both a challenge and an opportunity for the platform. He also mentioned that with the entry of the investor, the platform will publish proof of reserves (Proof of Reserves, POR) and conduct regular disclosures to further enhance user asset transparency and market confidence. The platform will also continue to optimize its product structure and ecological mechanisms to promote long-term stable development.

Ethereum Foundation releases progress on the Glamsterdam upgrade: the development network is now online, and the Hegotá expansion roadmap is advancing simultaneously

The Ethereum Foundation disclosed the results of a recent interoperability meeting held by core developers in the Svalbard archipelago of Norway and updated the key technical progress for the next phase upgrade, Glamsterdam. During the meeting, multiple client teams collaborated on network scalability and execution layer optimization, making progress in several directions. Developers confirmed that based on the comprehensive results of ePBS, BAL optimization, and the EIP-8037 repricing mechanism, a consensus on the "trusted path" after Glamsterdam has been reached.In terms of the execution layer, ePBS (External Proposer Separation Architecture) has been stably running in the multi-client Glamsterdam-devnet, and the external block builder process has completed end-to-end testing, covering almost all client implementations. Meanwhile, EIP-8037 has been finalized, establishing the fixed cost_per_state_byte model, and complete repricing parameter output has been achieved in bal-devnet-6. The scalability direction Hegotá has also made progress. The FOCIL-related prototype has a runnable implementation, and the scope of account abstraction (AA) requirements has been defined, with the next phase entering the multi-client development network verification stage.Current development focus remains on the final implementation of Glamsterdam while advancing the Hegotá scalability design and subsequent Strawmap route evolution. The development network is online, and functionalities such as FOCIL are expected to continue deepening in the next phase of testing. At the organizational level, this interop meeting also marks the formal initiation of leadership structure adjustments within the Protocol Cluster. The new leaders include Will Corcoran, Kev Wedderburn, and Fredrik. Will Corcoran is responsible for zkVM proof and post-quantum consensus coordination, Kev Wedderburn leads zkEVM development, and Fredrik is in charge of protocol security and the Trillion Dollar Security project.Original Protocol Cluster leadership team members Barnabé Monnot and Tim Beiko will gradually step back from management roles, and Alex Stokes is entering a leave period. The foundation stated that during its term, the Protocol has completed modular advancement and facilitated the launch of the Fusaka upgrade (December 2025), introduced PeerDAS, and enhanced mainnet gas capacity.

Tether launches a developer grant program, focusing on supporting local AI and self-hosted payment infrastructure

According to official news, Tether has launched a developer grant program that will reward developers with USDT or Bitcoin for building localized AI and payment infrastructure. There is no total grant cap for this program, and rewards will be issued based on technical tasks and deliverables, with current individual bonuses ranging from $1,500 to $4,000.This funding focuses on Tether's open-source technology stack, including wallet infrastructure, browser extensions, e-commerce integration, and particularly supports its local AI platform QVAC. Tether stated that QVAC can run AI inference directly on the device locally, without relying on cloud servers, to reduce latency, costs, and data exposure risks.In addition, Tether will also promote the development of its Wallet Development Kit (WDK) ecosystem. This tool allows developers to directly embed self-custody wallets within applications, enabling local key generation, transaction signing, and asset transfers without relying on custodial services or third-party APIs.Tether CEO Paolo Ardoino stated that a significant amount of infrastructure still forces developers to rely on centralized platforms and data business models, and Tether hopes to fund systems that can "run locally, hold value directly, and have no external dependencies" to enter the market.
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