a16z-Backed Syndicate Labs Blames Shrinking Rollup Ecosystem for Shutdown Decision

Syndicate Labs revealed that all of its code will remain permanently open source and available for developers who want to continue building on the technology. Syndicate Labs, an on-chain development startup backed by Andreessen Horowitz, announced that it is winding down operations after five years of building infrastructure for on-chain developers. It cited major…

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Moonpay Acquires Decent to Power Institutional Onchain Execution Across 200 Chains – Bitcoin News

Key Takeaways Moonpay launched Moonpay Trade on May 21, 2026, giving institutions access to 200+ chains through one API. DFlow processed over $12 billion in Q1 2026 volume, extending Moonpay Trade’s reach across Solana and EVM markets. Caroline D. Pham’s Moonpay Institutional unit will use Moonpay Trade as its compliance-backed onchain execution layer. Moonpay Trade…

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Ethereum sees 3 firms test HKDAP stablecoin

Hong Kong’s first officially approved HKD-backed stablecoin, HKDAP, has completed a live transfer test on Ethereum involving three licensed firms. Summary Anchorpoint Financial, OSL Group, and PantherTrade executed the test on Ethereum mainnet HKDAP is pegged 1:1 to the Hong Kong dollar (“at par”) Phased issuance is targeted by the end of Q2 2026 The…

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