It was a significant week for Kaspa, marked by notable signs of growth and momentum across the ecosystem. The Zealous Swaps team appeared on the XXIM podcast, fueling excitement for a Kaspa Layer 2 solution. Meanwhile, Zealous Swaps partner Moonbound launched their public beta testnet. The Kasway PoS system received an upgrade, enabling users to perform mobile transactions with .kas domains. On the regulatory front, the U.S. Senate passed a landmark stablecoin bill. Lead developer Michael Sutton shared a heartfelt post about his passion for Kaspa, and founder Dr. Yonatan Sompolinsky inspired the community with a bold analogy, likening Kaspa’s journey from a top 50 project to a top 5 contender to an NBA team aiming not just to make the playoffs, but to win the finals. His message lit a fire under the Kaspa community—swoosh!

Dr. Sompolinsky Speaks on the Road Ahead

Kaspa founder Dr. Yonatan Sompolinsky recently shared a personal and strategic update on the next chapter of Kaspa’s growth, comparing it to preparing for the NBA finals. Following a valuable discussion with Chris Ludwig, he emphasized that Kaspa’s climb from a top-50 project to a top-5 contender requires a different kind of strategy—one that appeals not just to retail users but to institutional investors and high-net-worth individuals looking for a true store-of-value.

He posed a pivotal question from Galaxy Capital’s cofounder: “If your wealth was stored in USD and someone put a gun to your head and forced you to place it in one single crypto asset, would you choose BTC or KAS?” Yonatan said he chose KAS without hesitation—but acknowledged the uphill battle that decision represents.

He pointed out that while strong fundamentals are crucial, “the assumption that productless fundamentals can win is detached from crypto 2025 reality …we can no longer rely on words to tell the story, it must be composed of products no less than of marketing and educational content.” In today’s market, usage, and adoption matter just as much as technical innovation.

Yonatan also addressed the importance of authentic messaging: “If you speak of community and censorship resistance but your communication is corporate-style, overly polished – investors will go elsewhere.” That’s why he continues to support a decentralized, community-driven approach to branding and education.

In closing, he reminded the community that Kaspa Core is committed to better communication. Still, ultimately, “As long as our platform keeps developing, the responsibility for shaping its story rests on its builders.”  As Kaspa evolves, the challenge will be to keep building while shaping a narrative that reflects its full potential.

Kaspa community members were invigorated by this message. Eyal (@fishtuna) stated, “the top takeaway for me is that Kaspa must ‘Bitcoinize.’” Another user, Jim Ski Bum (@skibumtrading), pointed out the practical need that “core approved developer docs would be useful, if and when they are available.”

Continuing with the NBA Finals analogy,@NakaSompo asked, “How can we, as a community (the 6th man off the bench), best rally around this message and support the mission? We want to help Kaspa reach the Finals - and WIN.”

Liquid Snake (@liquid7_i7j) replied that maybe it is time for Core to pivot and develop d’apps.

As Gonzo ( @Dr_Gonzo_K) sums it up, “It’s not about hype or noise—it’s about building something real and lasting. Kaspa’s strength lies in its innovation and the relentless work of its community and core team.” This mindset captures the spirit driving Kaspa forward as it strives to reach new heights.

Kasway App Rewrite

Kasway announced a major update to its platform — a complete rewrite of the web app designed to deliver a faster, more seamless, and native app-like experience. Once the new version is released, the current web app will be deprecated. The update will also include several highly requested features, such as detailed sales receipts (including business name, company number, date, itemized descriptions, total price, and sales tax information), as well as the ability to export fulltransaction histories with both KAS amounts and their fiat equivalents.

The new app is coming soon, and the teaser app shared on their X account, showing transactions from the perspective of the cashier, as well as from an iPad mini and iPhone, looks exceptional. We're excited to see this rollout empower merchants everywhere to perform real-time, professional-grade transactions using Kaspa.

Zealous Swaps On the XXIM Podcast

On June 21, 2025, the XXIM Podcast released an episode where host Ankit interviewed Louis and Ramy from ZealousSwap, discussing the project's origin story, the challenges of launching a decentralized exchange while based in Lebanon during periods of regional instability, and their broader vision for a seamless, multi-chain decentralized exchange (DEX). 

They touched on topics such as liquidity strategy, platform audits, recent DDoS attacks, and their views on competition from Kaspa.com and KaspaFinance. Highlights from the conversation included ZealousSwap's status as the #1 coin on KRC20, their iterative development process from Beta 1 to Beta 7, and how they are approaching network expansion—especially about other players like Kasplex and Igra Labs. They also addressed liquidity limitations within the Ethereum ecosystem, shared insights from a recent audit by Hexens, and pointed out that ZealousSwap currently accounts for 91% of all Kasplex DApp activity. The team aims to onboard users from Solana and beyond, sharing statistics from Beta 7, along with plans to implement protocol-owned liquidity.

To the Moon! Moonbound Public Beta is Live

Zealous Swaps partner Moonbound just launched their public testnet, introducing bonding curve launch technology to the Kaspa network. It is the first bonding curve platform, as well as the first trading platform built for the Ethereum Virtual Machine (EVM) to be released on Kaspa.

Through Moonbound, users can instantly deploy fair-launch tokens with no permissions required, utilizing a unique bonding curve mechanism. A bonding curve sets the token price based on supply. As more tokens are bought, the price increases; when tokens are sold or burned, the price drops. This enables automatic pricing and continuous token issuance, ensuring liquidity and aligning the interests of the project and its community. Once the bonding curve completes, typically around a $50,000 market cap, the token "graduates" automatically and joins the Zealous Swaps ecosystem.

On the platform, users can browse tokens by category, such as meme, AI, DeFi, DePin, charity, and more. Users can also search for tokens based on price, market cap, and date created. Each token page features a price chart, bonding curve progress, related links, and information about top wallet holders, including their addresses and the percentage of tokens they hold.

Launching a token is simple: users provide a name, symbol, supply, image, and brief description—no technical expertise is required. Moonbound charges a flat 1% fee on all trades and enforces a maximum wallet ownership limit of 10% per token to ensure fair distribution. Token graduation is final, with automatic listing on Zealous Swaps. The platform is fully permissionless and automated, with no admins, no KYC requirements, and no vetting processes, ensuring all trades are final.

Moonbound also features a social aspect, allowing users to post comments under tokens. A leaderboard showcases recently launched tokens and those with the highest market caps, encouraging community engagement and discovery.

The Moonbound smart contracts were recently audited by Hexens Cybersecurity Firm, which confirmed the site's security. For more details, please check out last week's edition of The Weekly Knight. 

Join the moon mission and test the public beta at betatest.moonbound.gg. If you encounter any bugs or issues, be sure to submit them through the feedback form here. 

Kas Wallets are Live on Mobile

Big congratulations to the Kaspa Name Service (KNS) Domain and Kurncy Wallet! With the recent Kurncy Wallet mobile application update, users can now, for the first time, send and receive KAS using an inscribed .kas domain on a mobile device. This update also supports KRC20 tokens and KRC721 NFTs using the .kas domain.   

The KNS Wallet project enables users to register .kas domains, ensuring that the domain is permanently recorded on the Kaspa BlockDAG. This inscription proves ownership and transforms the domain into a fully functional wallet address. Users can now transfer, receive, and manage .kas domains directly within the app. 

As of mid-June 2025, more than 26,000 .kas domains have been inscribed—and that number is only growing as more users discover how easy it is to send and receive Kaspa assets using the KNS service.

Users can currently interact with the .kas domain using the Kastle browser extension, with integration of Kastle's mobile app coming soon. Kasway, the first Kaspa point-of-sale (PoS) platform, is also actively testing .kas domain integration. 

28 Days Later - 1-Month Update from Kurncy

Since its launch, over 1,000 unique wallets have been created through the Kurncy Wallet app. Kurncy currently averages 154 daily active users (DAU), with projections to reach 500 DAU by the end of July 2025. The platform has already processed over 120,000 on-chain operations, including token minting. 

In response to user feedback, Kurncy recently introduced a "No Credentials" login option on June 19, 2025, enabling users to sign up anonymously. Within two days, 12 users had adopted this beta feature.

Kurncy also adds support for .kas domains and has a built-in Contacts List. Domain addresses can be saved, verified, and used to send and receive KAS, KRC20, and KRC721 transactions. The "Verified" tag confirms the domain is correctly linked to a Kaspa wallet. 

Initially launched on May 16, 2025, Kurncy is available on both the App Store and Google Play. The project is building a suite of merchant-focused tools, including a real-time crypto-to-fiat Payment Gateway and a robust API suite featuring analytics, reporting, and compliance features. These offerings are designed to help businesses seamlessly integrate Kaspa into real-world commerce.

To support its ecosystem, Kurncy launched the $KURNCY token, with a fixed supply of 3.6 million tokens. Of these, 5% are allocated for community campaigns, and another 5% for liquidity and foundation purposes. 

Kastle Wallet Updates

Kastle has released version 2.23.0, introducing several enhancements designed for Layer 2 (L2) developers and users. The update includes smoother network switching for L2 environments, proper display of ERC-20 tokens and KAS on L2 EVM chains, and support for EIP-6963. It also features an upgraded security algorithm, enhanced error handling using the Viem library, and the usual round of bug fixes and performance refinements. Full details are available in the changelog.

Additionally, Kaspa Finance has integrated Kastle Wallet into its platform, allowing users to connect directly at kaspafinance.io. This integration makes it easier for users to navigate and trade within the growing Kaspa DeFi ecosystem.

Learn Kaspa is Live

Ever wonder how Kaspa solved the Bitcoin scaling problem? Now you can find out at  kaspa.com/learn-kaspa, where the Learn Kaspa blog posts, powered by KaspaFacts, break down complex concepts into easy-to-understand concepts. 

The blog is updated weekly and covers key aspects of Kaspa's architecture, including the BlockDAG, the UTXO model, MuHash, and advanced topics such as linking the body to the header. Each post is designed to be beginner-friendly while still technically rich, often featuring helpful images to make the explanations even clearer.

Whether you're new to Kaspa or just looking to deepen your understanding, Learn Kaspa is a great place to start.

Genius! The US Senate passes a Stablecoin Bill

On June 17, 2025, the U.S. Senate passed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) with strong bipartisan support in a 68–30 vote. This landmark legislation establishes the most comprehensive federal framework for regulating stablecoins to date. First introduced in early 2024, the Bill has steadily gained momentum. The spotlight now shifts to the House of Representatives, where a vote is expected before the August congressional recess.

The Bill was introduced by Republican Senator Bill Hagerty of Tennessee, who stated, "With this Bill, the United States is a step closer to being a global leader in crypto." Co-sponsors include Senator Tim Scott (Republican, South Carolina and Chair of the Senate Banking Committee), Senator Kirsten Gillibrand (Democrat, New York), and Senator Cynthia Lummis (Republican, Wyoming), a longtime advocate for Bitcoin.

Crucially, the Bill paves the way for private-sector innovation while preserving key safeguards. Issuers of payment stablecoins will be required to fully back their tokens 1:1 with U.S. dollars or high-quality liquid assets, disclose reserve compositions, undergo regular audits, and implement robust risk-management protocols. It also draws a firm line against algorithmic or undercollateralized stablecoins being marketed as "payment stablecoins," a move designed to prevent future destabilizing events, such as Terra ($LUNA).

This legislative progress is especially important for projects like Kaspa, which is actively exploring stablecoin infrastructure and peer-to-peer value transfer solutions on its high-speed, DAG-based blockchain. As regulatory clarity improves, it opens the door for Kaspa to engage with institutional partners, compliant stablecoin frameworks, and enterprise adoption.

The GENIUS Act signals that Washington is finally taking a pragmatic and forward-looking approach to digital assets. Before the vote, Senator Scott stated that "The GENIUS Act will be the most significant digital assets legislation ever to pass the U.S. Senate." If passed in the House, it could ignite a digital payments revolution in the United States—and that revolution could be built on Kaspa.

Michael Sutton Gets Personal

Michael Sutton shared a rare, personal, and heartfelt message with the Kaspa community to express why he's so passionate about the project and what it truly means to him. You can tell he puts his heart and soul into Kaspa. For the past three years, he has been fully immersed—researching, developing, and guiding the project not for profit but because he genuinely loves science and believes in what Kaspa can do for the world. As he puts it, "I enjoy fundamental, deep research in computer science, and I am especially thrilled when I have the privilege of applying it at scale in the real world."

He opens up about the emotional weight that comes with being a core builder, going beyond just writing code to help shape the vision and communicate it clearly to the community. Michael explains how that technical role has evolved into a larger responsibility: "At a certain point, as a lead developer and researcher, you discover that your responsibility extends beyond the technical domain."

He continues by stating that "Every action I take within the Kaspa space stems from my belief that it is for the good of the project." His message is a reminder that behind every great decentralized project are people who care deeply, think hard, and show up every day with purpose. We love Michael and appreciate his heartfelt message; we want to express our gratitude for having such a selfless and dedicated lead developer at the heart of the project. 

The responses to the post were equally as heartfelt, with Eyal (@fishtuna) stating,

"I appreciate you. I have come to know you well, I believe, and I can testify to the community that you're a kind person with a good heart and pure intentions. Every time I want to regain the strength of thought of Kaspa's future, I just have to talk with you for 30 seconds."

Kaspa Kii on ZAWYA

The publication ZAWYA recently featured an insightful article on how Kaspa and the Kaspa Industrial Initiative (KII) are positioned to help transform the regional trade of renewable energy commodities and carbon certificates across the Middle East and North Africa (MENA). As countries in the Gulf Cooperation Council ramp up renewable energy development, blockchain technology is emerging as a key enabler for transparent, secure, and efficient markets. 

Jan Haizmann, CEO of the ZERO Emissions Traders Alliance (ZETA), said it best:

"Gulf countries have great potential to unlock the power of markets if they unite in regional markets for carbon and new energy. So we're looking at technical solutions to jumpstart regional trade."

One such technical solution is to leverage blockchain (specifically, Kaspa's BlockDAG) to develop a neutral, decentralized system for managing the issuance and trading of green certificates tied to new energy commodities in the region. A major challenge in this market is that green certificates are not always interchangeable between jurisdictions. For example, a green certificate issued in Abu Dhabi is not tradable in Dubai. 

This is where blockchain can step in to serve as the audit function, providing a transparent record of trades to ensure that the certificates are genuine and that there is no double booking of the asset, even across different regions.  The blockchain system could also underlie the trading platform to ensure the validity of the green certificates. 

Kaspa Kii is actively building such a decentralized solution on the Kaspa network. The system will incorporate the Gigawatt-Coin (GWC), a stablecoin fully backed by liquid assets, as a regional settlement layer. By utilizing a politically neutral digital currency, the system aims to circumvent political manipulation and provide a seamless method of exchange across diverse currencies and regulatory environments. GWC is intended strictly as a settlement tool, not a commodity. 

ZETA and Kaspa KII are now collaborating on a pilot program that could set the foundation for a truly decentralized and interoperable green energy marketplace in the region. We're excited to follow this progress—and proud to see Kaspa driving innovation for global good.

Check out the full article on ZAWYA here: Insight: Blockchain can jumpstart regional trade of new energy commodities. 

Kaspa Rest Proxy

@SuperTypo_kas shared his release of the REST to Kaspad wRPC Proxy. It mirrors the Rusty Kaspa wRPC operations to REST. This allows developers to interact with a wRPC service using the REST (Representational State Transfer) architectural style, based on HTTP. 

As of June 22, 2025, there have been 65 downloads from dockerhub. You can see the demo here: https://proxy.kaspa.ws⁠, and check out the source code here: https://github.com/supertypo/kaspa-rest-proxy .