Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories of the technological development of cryptocurrencies. I am Margaux Nijkerk, reporter Tech & Coindesk Protocols.
In this issue:
- Vitalik Buterin: Ethereum at risk if decentralization is just a slogan
- Bitcoin Layer-2 Botanix Mainnet Beginnings, reduces block times to 5 seconds
- XRPL EVM Sidechain is online, unlocking Ethereum Dapps in the XRP ecosystem
- Secure, Redstone pilot “ unique oracle of the source ” to secure the Navs tokenized fund
Network news
Buterin: The crypto must mature: The co -founder of Ethereum, Vitalik Buterin, wants the cryptographic industry to grow quickly – stressing that the industry is at a “inflection point”. Speaking in front of a crowded room at the Conference of the Ethereum community, in Cannes, in France, Buterin used his speech to offer a clear reality verification: decentralization, he argued, must evolve from a slogan to a concrete set of user guarantees-or may become another hollow promise. As the industry has become a dominant current with the mentions of large companies and political figures, manufacturers must return to the key ideals of the ecosystem surrounding decentralization and construction for user needs, said Buterin. In his typical jeans and his uniform of relaxed dark t-shirts, Buterin has exercised practical “tests” he said that each crypto project should pass. These include 1) the walking test. If the company behind an application disappears, do users keep their assets? And 2) The initiate attack test: how much damage damage or compromise fronts can cause? And 3) if it has a confidence computer base: how many lines of code should be reliable to protect user funds or data? He warned that too many layer-2 networks, DEFI projects and “decentralized” fronts are based on hidden deadlines, instant upgrade buttons or unfortunate interfaces that can be falsified and hacked. – Margaux Nijkerk Learn more.
Bitcoin Layer-2 Botanix goes online: The Botanix Mainnet, a network designed to provide an equivalent utility in Ethereum to the Bitcoin ecosystem, has put online, reducing the time required to add new blocks to five seconds from 10 minutes. The network is compatible with the Ethereum virtual machine (EVM)The software that feeds Ethereum blockchain, allowing applications based on Ethereum and intelligent contracts to be copied and glued to Bitcoin, said developer Botanix Labs in an email. Botanix is one of the many projects that try to scale the Bitcoin blockchain and make it a place more conducive to decentralized finance (Challenge) By improving its usefulness and programmability. Others include the rootstock, batteries and bob (“Build on Bitcoin”)Who have all adopted the BitvM computer paradigm which can make the complex calculations verifiable on Bitcoin, paving the way for the supply of intelligent contract, similar to that of Ethereum. The expansion of the Bitcoin utility would allow developers to take advantage of the value held in BTC, which overshadows that of all other digital assets. – Jamie Crawley Learn more.
Ledger XRP Mainnet Evm-Sidechain launches: Ripple officially introduced the Ethereum virtual machine from the XRP book (EVM) Sidechain in Mainnet in order to improve the interoperability of the ecosystem and allow developers to deploy their decentralized applications based on Ethereum (dapps) with XRPL. Development adds compatible EVM intelligent contracts while maintaining an XRPL connection, giving developers access to the low -cost ecosystem, said Ripple in a blog article. It is designed to eliminate compatibility between EVM compatibility and the own advantages of XRPL, opening the door to DAPPs to rely on XRP’s payment infrastructure. The resize chain works like a parallel separate blockchain and connected to the large XRP book on the focused deck, an interoperability protocol. The native token of XRPL, XRP, will serve as an indigenous gas token for the side chain. – Margaux Nijkerk Learn more.
Secure, Redstone Release New Oracle Model White Book: Securitized, one of the biggest tokenized active ingredients, and the supplier of Oracle Redstone published a white paper which, according to him (Nav) Chain data, specially designed for token private funds. The model, nicknamed the unique source of confidence source (TSSO)is designed to fill a key difference in decentralized finance (Challenge) Infrastructure: how to prove reliably that each Nav update comes from the source of trust – and has not been falsified once it is in chain. In traditional crypto markets, oracles draw data from several price food to protect against manipulation or errors. But for private funds, the NAP is calculated by a single fund administrator. This creates a unique problem: there is no way to reveal the number by market aggregation. For the DEFI protocols which are based on precise collateral values, this unique point of confidence was a bonding point. The TSSO framework solves this by creating a cryptographically linked nav chain, according to the white paper. Each update includes a secure digital signature, a time timeing, a reference to the previous recording and a hatch that locks the sequence together. The system uses two keys: a cold stored “root key” for major updates and a “chain key” for small routine changes that remain in tight thresholds. This design aims to balance high security with the practical need to refresh NAV data without constant manual work. – Margaux Nijkerk Learn more.
In other news
- Digital brokerage robin (HOOD) Has a list of new crypto offers, including its own blockchain network based on arbitrum and actions trading in Tokenized. The company made its debut this week to its actions token offer, published on the Ethereum Layer-2 Arbitrum, for European users, giving access to more than 200 US and ETF actions with 24 hours a week exchanges. With the launch, Robinhood extends its European application focused on the crypto with token actions in an “all-in-one investment application powered by the crypto”, said the company. The company also confirmed that it built its own layer 2 layer 2 network optimized for token workers. The chain will support 24/7 trading, the autocuste and the transverse transition of tokenized assets. An release date has not been disclosed, but people familiar with the case said it could be posted later this year or at the start of next year. – Krisztian Sandor Learn more.
- Deutsche Bank (Db) plans to make his debut in a cryptography guard service next year, Bloomberg reported. According to the report, the largest German bank has recruited the exchange of cryptocurrency to help build the offer, according to the report, citing people familiar with the issue. The involvement of DB in the custody of cryptography is now largely through the Swiss goalkeeper Taurus, whose bank is both an investor and a client. It is not clear how this relationship would develop if DB begins its own internal service. The other recent initiatives of the bank crypto have been concentrated in floors, with its asset management subsidiary, DWS providing for a stablecoin in Euro as part of a joint venture with flowers of flows and galaxy (GLXY). – Jamie Crawley Learn more.
Regulation and Policy
- With the adoption by the American Senate of the bill intended to advance most of the political agenda of President Donald Trump, the last minute changes to the Big Beautiful Bill did not include a proposal to clarify and facilitate cryptographic taxation. Although senator Cynthia Lummis advocated changes to the American approach to tax cryptocurrency transactions, including the derogation of capital gains taxes on small-scale activities, was not among the amendments to the bill which narrowly adopted a vote of 50 to 50 Tuesday in which the vice-president JD Vance had to intervene to interrupt the draw. The senators had worked at night on Tuesday by debating the amendment after the modification, most of which failed, on the way to a republican success. But the Lummis amendment was not among them, despite the 11th hour lobbying efforts in the digital asset industry. – Jesse Hamilton Learn more.
- The New York Attorney General, Letitia James sounded the alarm on the Stablescoin bill of the US Senate, warning Congress on June 30 that Genius Act – at least as it is currently – “[es] do not contain the railing necessary to protect the American public. “In a letter of eight pages, James urged the congress to slow down its efforts to adopt the legislation of stables and” take the time necessary to write legislation that will improve innovation while protecting our banking system which is the desire of the world ” – – Cheyenne Ligon Learn more.
Calendar
- June 30-July 3: ETHCC, Cannes
- July 16-18: Web3 summit, Berlin
- September 22-28: Korea Blockchain Week, Seoul
- October 1-22: Token2049, Singapore
- November 17-22: DevConnect, Buenos Aires
- December 11-13: Solana Breakpoint, Abu Dhabi
- February 10-12, 2026: consensus, Hong Kong
- May 5-7, 2026: consensus, Miami
