Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories of the technological development of cryptocurrencies. I am Margaux Nijkerk, the journalist of the Ethereum protocol in the Coindesk technological team.
In this issue:
- Berachain exploits the Pectra d’Ethereum game book with the “Bectra” upgrade
- The Ethereum Foundation dismiss certain staff members in the middle of the R&D restructuring
- Elon Musk announces XChat of Bitcoin style, but technological experts are skeptical
- Taiwanese cryptocurrency exchange bitopro probably hacked $ 11 million in May, said Zachxbt
Network news
Berachain Play on Pectra; Bectra: Berachain is preparing to be the first non-ethical layer-1 blockchain to fully activate the new features of Ethereum in the execution layer. Its Bectra Hard Fork –– named for the recent “Pectra” upgrade by Ethereum – is online today, giving more than 100 applications on chain access to tools that could improve the way users and developers interact with the platform. Since the consensual model of Berachain is different from that of Ethereum, it does not include the changes in the consensus of Pectra. But as it is compatible with Ethereum Virtual Machine (EVM), developers do not need to rewrite existing contracts – a recovery for 200 applications and more already live on Berachain. For users, Bectra upgrade means that each portfolio can now work as a smart account. They will be able to browse the transactions with one click, set expenditure limits, pay gas with honey (Berachain Stablecoin), or even configure recurring payments. Previously, these features required personalized contracts or third -party implementations (which carry security problems). – Shaurya Malwa Learn more.
The dismissals of the Ethereum Foundation in the middle of the restructuring: The Ethereum Foundation has dismissed certain members of its research and development team as part of a broader restructuring effort aimed at refocusing critical protocol design challenges, the organization said in a blog article. The reshuffle arises while non -profit Switzerland struggling with continuous criticism of its management and strategic orientation. Some members of the Ethereum community have warned for more than a year that not to face key technical obstacles could threaten Ethereum status as a leader in industry, and the organization has already undergone changes in leadership in part to respond to these concerns. The Foundation returns its research and development division of the protocol under the simplified name of the “protocol” and reposition the group around three main priorities: the scale of the basic layer of Ethereum, the widening of Blobspace (a key element of its data availability strategy) and the improvement of the user experience. Due to these changes, several staff members have been dismissed, although the EF has not disclosed the number of people affected by these changes – Margaux Nijkerk Learn more.
Technological experts did not impress the function of Musk BTC X: The owner of the billionaire X Elon Musk shared during the weekend the launch of a brand new messaging application called XChat. Neither the Bitcoin market nor the technological community is impressed. A key characteristic of the new offer is that it is written with Rust’s programming language and uses what Musk presented the “bitcoin” style encryption. Although it seems exciting, the cryptographic community is not particularly a psychology, which raises doubts about the technical promises inspired by the platform. “Bitcoin mainly uses signatures, not encryption. That is to say, we decided to manage our rocket on water, since NASA has used hydrogen and oxygen,” said Ian Mirs, Deputy Professor of Computer Science at the University of Maryland, said on X. Omkar Godbole Learn more.
Crypto Exchange Bitopro probably hacked for $ 11 million, Zachxbt says: The Taiwanese exchange of Bitopro cryptocurrency is suspected of having lost more than $ 11.5 million tokens in an exploit of May 8, said Blockchain detective widely followed Zachxbt in his telegram group. The feat involved unauthorized access to the hot Bitopro wallets through several blockchains, notably Ethereum, Tron, Solana and Polygon. The stolen assets were then sold on decentralized exchanges, with bleached profits through privacy protocols such as Tornado Cash and Thorchain, and finally moved to Wasabi Wallet, a Bitcoin mixture. Bitopro has not published any public statement recognizing the violation since the supposed explicit. Users were informed of a temporary service suspension due to “system maintenance” last month, and there was little social gossip in popular Circles of Crypto X around the incident at the time. – Shaurya Malwa Learn more.
In other news
- A representative of the Trump organization said that the group “knows nothing” of a crypto portfolio project called “$ Trump Wallet”, despite the brand and the demands of the application linked to the American president. “The Trump organization knows nothing about this project,” a spokesman for the Trump organization told Coindesk. Meanwhile, an X account linked to the president’s same, said that the “arrived soon” portfolio, even after several of its representatives denied rumors.– Helene Braun Learn more.
- World Liberty Financial, the cryptography company supported by the Trump family, has just dropped $ 47 from its Stablecoin USD1 to each portfolio that participated in its sale of WLFI tokens. This decision comes while USD1, which is set for the US dollar and supported by Treasury Bon voyage and Fiat reserves, is developing through the blockchains following the CCIP integration of Chainlink. – Shaurya Malwa Learn more.
Regulation and Policy
- The French authorities billed 25 people, including six minors, for their roles in a series of crypto kidnappings in Paris, with the majority of suspects linked to the recent attempted abduction of the family of a CEO of Crypto Exchange, announced on Saturday the office of the Paris prosecutor, the world reported. The investigation focuses on the attempted kidnapping of the girl and grandson of the CEO of Crypto Exchange Paymium, Pierre Noizat, which occurred on May 13, according to the report. – Chamomile Shumba Learn more.
- The American Senate can quickly approach a final vote on the regulation of stablecoins, which would be a large-scale brand for cryptographic legislation in the congress, but the representative French Hill said that the Senate bill had key differences with a similar effort to the House of Representatives, and that they should be postponed before becoming law. “The bills are substantially similar,” said Hill, the president of the Chamber’s Financial Services Committee, who has been at the forefront of the Congress negotiations on the Stablecoins for years, during an event in the Atlantic Council on Tuesday. “There are certain differences that are not insurmountable but must be corrected and clarified.” – Jesse Hamilton Learn more.
Calendar
- June 8-22: Berlin Blockchain Week, Berlin
- June 24-26: without permission, Brooklyn
- 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
