Just a quick question. I'd heard that the Chankast team was going to start working on Naomi emulation, now that DC emulation was cracked... but I haven't heard any news at all.

Any word?

The Chankast Team has been hiding from the emulation community for a while. I think they just burned themselves out too early. Hopefully they'll come back soon. However, it may take a while.

I thought they use the donation money to go to Ibiza

You will not be seeing Naomi or CPS3 emulation anytime soon.
The protection is not the same as the DC.

Like most people who have watched Chankast from the sidelines at least know that Virtua Striker 2 got emulated in Chankast. But then again, that was a private build that hasn't leaked to the public, and there's no word from the Chanka Team.

So you'll just have to wait.