Kritika Online: First Major Update Makes Big Changes to Auction House and More
"This update focuses heavily", the team said, "including changes to the Auction House, how items are bound, and how end-game gear is acquired." Additionally, the Arena mode gained 10 times the number of levels, offering now some sweet rewards to those willing to give it a try. You can find the full list of patch notes on Kritika's official-forum.
More over, Em Masse also mentioned the August update, currently in testing, will be bigger and better.
Source: official forum