diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md
index a812b71a..28381b20 100644
--- a/entities/internet-finance/metadao.md
+++ b/entities/internet-finance/metadao.md
@@ -89,6 +89,9 @@ The futarchy governance protocol on Solana. Implements decision markets through
 - **2026-03-21** — [[metadao-meta036-fund-futarchy-research-hanson-gmu]] Active: $80K GMU research proposal by Robin Hanson to experimentally validate futarchy governance (50% likelihood)
 - **2026-01-10** — Ranger Finance ICO completed with $6M raise; token peaked at TGE and fell 74-90% by March due to 40% seed unlock, raising questions about tokenomics vetting in ICO selection process
 - **2026-01-20** — [[trove-markets-collapse]] Trove Markets ICO raised $11.4M then crashed 95-98%, retaining $9.4M; most damaging single event for platform reputation
+- **2026-02-07** — First failed ICO: Hurupay raised $2M against $3M minimum, all capital refunded under unruggable ICO mechanics
+- **2026-03-26** — [[metadao-p2p-me-ico]] Active: P2P.me ICO launched targeting $6M at $15.5M FDV, backed by Multicoin Capital and Coinbase Ventures (closes March 30)
+- **2025-Q4** — Reached first operating profitability with $2.51M in fee revenue from Futarchy AMM and Meteora pools; expanded futarchy ecosystem from 2 to 8 protocols; total futarchy market cap reached $219M with non-META market cap of $69M; hosted 6 ICOs in quarter raising $18.7M; maintains 15+ quarters of runway
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|