#ecosystem
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KuCoin (KCS): a utility token of the KuCoin ecosystem
KCS (KuCoin Token, previously known as KuCoin Shares) is the utility token that belongs to cryptocurrency exchange KuCoin and serves as the native token for the KuCoin Community Chain blockchain project. KCS was initially launched in 2017 on the Ethereum network as an ERC-20 standard token, and in 2021, it was reissued on the KCC chain. 
Singapore police launch an investigation into Terraform Labs
Do Kwon, who had seemingly disappeared from public view, left behind a significant problem that has continued to affect the crypto market for almost a year. The collapse of his main creations, the Terra USD stablecoin and its ecosystem, has had far-reaching consequences. 
The bOS will serve as the entry point for the Open Web for both users and developers, making Web3 easier than ever to access and navigate.
The Blockchain Operating System will allow users to browse and discover open web experiences, compatible with any blockchain.
Currently, the Near Protocol ecosystem boasts over 23 million registered accounts and more than a thousand projects.
However, the company's ultimate goal is to attract 1 billion users to the Open Web. 
Starknet expands its ecosystem
Starknet has announced the establishment of five committees, with one committee responsible for the network's token, STRK. Specifically, STRK will be utilized as a staking token for participation in the consensus mechanism and as a gas token for the payment of transaction fees. 
Lending protocol Everlend Finance has announced that it has ceased operations. The reason is simple: a lack of liquidity.
The codebase is left open-sourced by the developers so that others can continue working on the project.
However, the team also maintains that Everlend is a fantastic product that will eventually be very convenient, and that Solana is the most effective network for its implementation.
The app is now in withdrawal-only mode 
