Boundary Labs raises $2 million in funding

On Monday (May 11th), the size of the Federal Reserve's overnight reverse repurchase agreement (RRP) usage was 1.133 billion.

ChainLink recorded 282200 and 264100 active addresses on May 9th and 10th, respectively, the highest level in 8 months. Previously, on May 7th, Solv Protocol announced the migration of over $700 million worth of Bitcoin assets from LayerZero to Chainlink CCIP, and Kelp DAO also plans to migrate its rsETH infrastructure to CCIP. These migrations have driven on chain activity of the ChainLink protocol. In addition, wallets holding 100000 to 10 million LINK this month increased their holdings by 329 million LINK within 30 days. （Santiment）

The Ethereum Foundation has released the technological progress of Glamsterdam upgrade, and a multi client team has collaborated on ePBS, BAL optimization, and EIP-8037 repricing mechanism, reaching a consensus on the "trusted path". In the Hegot á expansion direction, the FOCIL prototype has been implemented and is runnable, and the scope of account abstraction requirements has been defined. The next stage will enter multi client development network verification. The current focus is on the implementation of Glamsterdam and the promotion of Hegot á expansion design. The development network has been continuously running, and FOCIL and other functions will be further developed in subsequent testing.

Boundary Labs has completed a $2 million Pre Series funding round, led by Galaxy Ventures, with participation from First Block Capital, BlackWood, and others. The company plans to launch institutional level stablecoin USBD and staking version sUSBD on the Ethereum mainnet in the summer of 2026. USBD will disclose daily reserve status, net asset value, and agreement data, and adopt over collateralization and market neutral hedging strategies to reduce market volatility and directional risk. Boundary means that the protocol does not use recursive leverage, and the source of returns remains a market neutral structure. （The Block）

Gate’s CBO argues that Bloomberg’s warning of a TradFi takeover is "oversimplified," noting that global exchanges evolved past fee-only models years ago. What to know : Morgan Stanley is launching crypto trading on its E*Trade platform with a 50-basis-point fee, undercutting rivals like Coinbase, Robinhood and Schwab and intensifying a price war in digital-asset trading. Traditional finance analysts say the move could sharply compress margins for U.S. crypto exchanges, while crypto-native executives argue that global platforms have already diversified beyond spot-trading fees. Industry leaders see Morgan Stanley’s entry as both a competitive threat to U.S. exchanges and a positive step for mainstream crypto adoption, likely pushing exchanges further into derivatives, DeFi and international markets.