KASPA.NEWS REPORT

The most significant technical development today involves a new proposal from core developers for a focused hardfork dubbed Covenants++. According to community reports, Yonatan Sompolinsky and the core team are proposing a scoped upgrade to introduce early building blocks for programmability. This upgrade intends to add three foundational capabilities to Layer 1: limited native programmability via extended covenants, a ZK proof verifier to enable Kaspa-based rollups to plug in cleanly, and miner payload inspection to support Real-Time Data work. This serves as a strategic step to assist Layer 2 teams immediately while laying the groundwork for vProgs without bloating the base layer @Kaspa_Commons [source]. The proposal is split across several KIPs, including work by developers Ori Newman and Michael Sutton @Kaspa_BlockDAG [source].

A major shift in ecosystem infrastructure has occurred with the official shutdown of the popular explorer kas.fyi. The operator, CryptoK, announced the closure stating he could no longer operate it responsibly @cryptok777 [source]. Following this, it was revealed that the operator requested $150,000 to hand over the platform. After consideration, community leaders including KasMedia decided to decline this offer. Instead, they have pledged to back developer Asa Efstroem to build a ground-up, second-generation explorer designed to be forward-compatible with vProgs, Layer 2s, and real-time decentralization metrics @Kaspa_HypeMan [source].

In the interim, the community has rallied to provide alternatives for users and integrators affected by the explorer shutdown. Developer Supertypo has been instrumental in migrating existing integrations and data to kaspa-stream.org, ensuring that KRC-20 token details and transaction history remain accessible @supertypo_kas [source]. Wallet providers are already reacting to this change; for instance, Tangem has reportedly redirected their in-app explorer links to the new stream-based solution to maintain functionality for users @jograd30 [source].

Development activity within the ecosystem remains robust. Kasanova Wallet has introduced a new feature in version 0.2.8 that integrates Kasia Messaging, enabling fully encrypted, immutable communication directly on the BlockDAG @KasanovaWallet [source]. Additionally, discussion around Layer 2 scaling continues, with Crumpet Media reporting that an internal testing phase has begun for a new platform, with a group of 10 users actively stress-testing the system before a public beta launch @Crumpet_Media [source].

To support the growing number of developers, new tools are being released to lower the barrier to entry. KaspaHub released an open-source KRC-20 token lookup tool and scanner, designed to work without a backend by utilizing Kasplex APIs, encouraging others to fork and improve the repository @KaspaHub [source]. Furthermore, IzioDev has released a command-line interface (CLI) starter kit to help developers bootstrap React and Node.js applications that integrate Kaspa, simplifying the initial setup process for new ecosystem projects @IzioDev [source].

Market sentiment metrics show strong conviction among long-term holders despite recent price volatility. Data indicates that holders who have kept their funds inactive for more than six months have reached a new all-time high, accounting for 61.30% of the total supply @DailyKaspa [source]. On-chain analysis of the top buyers and sellers reveals net accumulation led by large exchange wallets, suggesting liquidity positioning rather than panic selling @KaspaBuilders [source].

Regarding exchange listings, the community is awaiting confirmation on a specific date for an HTX Global listing. This information is expected to be released during an upcoming podcast interview with the XXIM Podcast, which has also extended an invitation to hashdag to discuss strategic priorities and the long-term roadmap @xximpod [source]. The community culture remains focused on these tangible milestones rather than speculative noise.

Mining fundamentals appear stable, with hashrate hovering between 480 and 600 PH/s. Technical advancements in mining infrastructure were also noted, with a new Rust-based stratum solution now available that allows miners to use a single stratum for all ASICs @FundingKaspa [source]. This continues to secure the network as emission schedules proceed.

Discussions regarding the long-term utility of Kaspa are centering on its role as a global sequencing layer. Community researchers are articulating a thesis where Kaspa serves as a shared, neutral sequencing engine for verifiable claims and industrial data, effectively acting as a timestamping spine for the physical world's internet of things @KaspaKii [source]. This narrative is gaining traction as a differentiator from other networks that focus solely on computation or store of value.