Welcome to the protocol, the most important stories in the Cryptocurrency Tech Development of Coindsk’s weekly rap-up. I am Margaux Nijkerk, Coindesk’s Tech & Protocol Reporter.
in this issue:
- Vitallic butterin: Etharium in Risk is just a catchfray
- Bitcoin layer -2 botanics mannet debut, block time cuts for 5 seconds
- XRPL EVM Sidechain becomes live, XRP unlocks ethereum dapps in ecosystem
- Redstone pilot ‘Trusted Single Source Oracle’ to secure tokenized fund navs
Network news
Buterin: Crypto must mature: Ethereum co-founder Vitallic Butlerin wants the crypto industry to grow faster that the industry is on a “divine point”. Speaking In front of a stuffed room At the Etharium Community Conference, in Cannes, France, butterin used his keynote speaker to distribute a clear-eye reality check: decentralization, he argued, a catchfrays should develop to a solid set of user guarantee-or the risk becomes another hollow promise. As the industry has moved into the mainstream with the support of major corporations and political data, builders need to return to the major ideals of the ecosystem around the construction for decentralization and the needs of users, said Balnen said. In his specific jeans and comfortable dark T-shirt uniform, butterin conducted the practical “testing” that he should pass every crypto project. These include 1) Walk-Test Tests. If the company behind an application disappears, do users have their property? And 2) Insider Attack Test: How much damage can the internal formulas suffer or compromise with the front-end? And 3) Does it have a reliable computing base: How many lines of code should be trusted to protect users’ money or data? He warned that many layer -2 networks, DEFI projects and “decentralized” front -and hidden backdoor, instant upgrade buttons or unsafe interfaces, which can be tampered with and hacked. , Mergex Nijark Read more.
Bitcoin layer -2 botanics live: Botanics’ mennet, a network designed to bring atherium-equal utility to bitcoin ecosystem, has become live, reducing the time it takes to add new blocks over 10 minutes to five seconds. Network is compatible with ethereum virtual machine (EVM)An email states that atherium gives strength to blockchain, which allows atherium-based applications and smart contracts to copy and paste on bitcoin, developer Botanics Labs said in an email. Botanics is one of many projects trying to score bitcoin blockchain and makes it a more favorable site for decentralized finance (Defee) By increasing its utility and programability. Others include rootstock, stack and bob (“Construction on bitcoin”)All that have adopted the BITVM computing paradigm that can verify complex calculations on bitcoins, paving the way for smart-contracting provision similar to the atherium. Developers will be allowed to avail the price held in BTC in detail of the utility of bitcoin, which Dwarf of all other digital assets, Jamie Croly Read more.
XRP laser EVM-Seedchain Mennet Launch: Ripple officially introduced XRP laser atherium virtual machine (EVM) To improve the interoperability of the ecosystem, allows the sidechain and developers to deploy their ethereum-based decentralized applications for mennet in a bid (DApps) With XRPL. Development adds EVM-computation Smart contracts maintaining connection to XRPLRipple said in a blog post, providing the developers access to the ecosystem at low cost. This EVM is designed to eliminate trade-bands between compatibility and its own benefits, which is opening the door to DApps to bend in the XRP payment infrastructure. Sidechain is operated as a separate blockchain that is parallel and is connected to the XRP laser on the axlar bridge, an interpreting protocol. The native token of XRPL, XRP, will serve as a native gas token for sidechain. , Mergex Nijark Read more.
Securitize, Redstone Release New Oracle Model Whitepaper: Secusitize, one of the largest tokeys issuers, and Oracle provider Redstone has released a whitepaper that says they say that they introduce a new model to securely verify the net asset value (Nav) Data on-chain, especially tokens were sewn to private funds. Model, reliable single source Oracle dubbed (Tsso)Designed to address a major difference in decentralized finance (Defee) Infrastructure: How to prove firmly that each NAV update comes from a truly reliable source-and once on-chain has not been tampered with. In traditional crypto markets, Oracles draw data from several value feeds for manipulation or guards against errors. But for private funds, NAV is calculated by single fund administrator. This creates a unique problem: there is no way to re -examine the number through market aggregation. For DEFI protocols that rely on accurate collateral values, this single point of the trust has been a glued point. According to TSSO framework whitepaper, a cryptographic range of Nav updates makes it to solve it. Each update consists of a safe digital signature, a timist, reference to the previous record and a hash that locks the sequence simultaneously. The system uses two keys: a cool-selled “root key” for major updates and a “chain key” for small, regular changes that live within tight thresholds. The purpose of this design is to balance high security with the practical need to refresh NAV data without continuous manual work. , Mergex Nijark Read more.
In other news
- Digital brokerage robinhood (hood) Middle Crypto is a slate of Prasad, which includes its own blockchain network based on mediator and token stock trading. This week the firm offered its stock tokens, which was released on the atherium layer -2 arbitrals for European users, more than 200 American equity and ETFs with almost clock trading during the week. With the launch, Robinhood is expanding its Crypto-centric European Union app, with the company said with shares in the “All-in-One Investment App” operated by Crypto. The firm also confirmed that it was creating its own layer -2 blockchain network, adapted to the assets of tokens. The series will support the cross-chain bridging of the assets of 24/7 trading, self-custody and token. A release date has not been disclosed, but individuals familiar with the case said it could be live at the end of this year or early next year. , Christian Sander Read more.
- Deutsche Bank (DB) The next year is planning to start a crypto detention service, Bloomberg reported for the first timeGermany’s largest bank has listed the Cryptocurrency Exchange Bitpanda to help make the offer to create the offer, citing people familiar to the case. DB’s involvement in Crypto custody has now been largely a large extent through Swiss Custodian Taurus, of which the bank is both an investor and a customer. It is not clear how this relationship will develop DB should start its service at home. The bank’s other recent crypto initiative is concentrated in Stabelines, its asset management assistant DWS plans to release a euro stabblecin as part of a joint venture with Flow Traders and Galaxies. (Glxy), Jamie Croly Read more.
Regulator and policy
- The passage of the US Senate bill meant to carry forward the wholesale of President Donald Trump’s policy agenda, final-change change A big beautiful bill Crypto did not include a proposal to clarify taxation and make it easier. Although Senator Synthia Lummis advocated a change in the American approach to taxing the cryptocurrency transactions, which involved the waiver of capital-profit taxes on small scale activity, it was not between amendment in the bill, which was passed on 50-50 votes on Tuesday in which Vice President JD Vance had to take steps to break the tie. The senators debated the amendment after amendment on Tuesday through the night, most of which failed their way towards a Republican success. But despite efforts to advocate the 11th hour from the digital assets industry, Lumis was not amended among them. , Jessie Hamilton Read more.
- New York Attorney General Latitia James on June 30, warning the Congress, played an alarm on the US Senate Stabecoin bill, which is at least as the current stands – “Do (S) does not include the railings required to protect the American public.” In an eight-page letter, James urged the Congress to slow down his efforts to pass Stabecrim law and “take the time required to draft the law which will increase innovation by protecting our banking system which is the jealousy of the world.” Cheyen ligon Read more.
Calendar
- 30 June-July 3: ATCCCCannes
- July 16-18: Web 3 summitBerlin
- 22-28 September: Korea Blockchane WeekSeoul
- October 1-2: Token2049Singapore
- November 17-22: DevconnectBuenos Aires
- 11-13 December: Solana breakpointAbu Dhabi
- February 10-12, 2026: UnanimousHong Kong
- 5-7 May, 2026: UnanimousMiami
