Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories in the development of cryptocurrency technology. I am Margaux Nijkerk, the reporter of the Ethereum protocol in the Coindesk technological team.
In this number:
- Berachain takes advantage of Ethereum’s sicking plays with the ‘Bectra’ update
- Ethereum Foundation dismisses some staff members in the middle of R&D restructuring
- Elon Musk announces ‘bitcoin’ xchat, but technology experts are skeptical
- Taiwanés Bitopro’s crypto exchange probably pirated for $ 11 million in May, says Zachxbt
Network news
Berachain’s game in Pin; Bectra: Berachain is preparing to be the first layer of Capa-1 blocks that is not Ethereum to completely activate the new features of the Ethereum execution layer. Its hard bifurcation, named for the recent update of Ethereum’s ‘sicking’, is launched today, giving more than 100 applications in chain access to tools that could improve how users and developers interact with the platform. Because the Berachain consensus model is different from the Ethereum, does not include the changes of consensus of pein. But since it is Ethereum Virtual Machine (EVM) compatible, developers do not need to rewrite existing contracts, a relief for the more than 200 applications that already live in Berachain. For users, the Bectra update means that each wallet can now function as an intelligent account. They may be lots of transactions with a single click, establish spending limits, pay gas with honey (Berachain Stablecoin) or even establish recurrent payments. Previously, these characteristics needed personalized contracts or third -party implementations (which lead to security concerns). – Shaurya Malwa Read more.
Layoffs of the Ethereum Foundation in the midst of restructuring: The Ethereum Foundation has fired some members of its research and development team as part of a broader restructuring effort aimed at re -focusing the critical challenges of protocol design, the organization said in a blog post. The shaking occurs when the non -profit organization based in Switzerland fights with continuous criticism about its strategic management and direction. Some in the Ethereum community have warned for more than a year that the fact that not addressing key technical obstacles could threaten Ethereum’s state as industry leader, and the organization has already undergone leadership changes in part to address these concerns. The Foundation Change brand its protocol research and development division under the simplified “protocol” name, and is repositioning the group around three main priorities: climbing the Ethereum base layer, expanding Blobspace (a key part of its data availability strategy) and improving the user experience. Due to these changes, several employees were fired, although the EF did not reveal how many people were affected by these changes, Margaux Nijkerk Read more.
Experts in technology not impressed in Musk’s BTC X-Feature: The owner of Billionaire X, Elon Musk, shared during the weekend the launch of a new messaging application called Xchat. Neither the Bitcoin market nor the technological community are impressed. A key feature of the new offer is that it is written with the oxide programming language and uses what MUSK promoted as “bitcoin style” encryption. While it sounds exciting, the cryptographic community is not particularly bitten, raising doubts about the technical promises inspired by the platform bitcoin. “Bitcoin mainly uses signatures, not in encryption. This is like saying, we decided to execute our Rocket on Water, since NASA uses hydrogen and oxygen,” Ian Miers, an assistant computer professor at the University of Maryland, said in x .– x .— Omkar Godbole Read more.
Crypto Exchange Bitopro probably pirated for $ 11 million, Zachxbt says: It is suspected that the exchange of Taiwanese cryptocurrencies Bitopro lost more than $ 11.5 million in tokens in a May 8 exploit, Zachxbt said widely followed Zachxbt in his Telegram group. The exploit included unauthorized access to hot bitopro wallets in multiple blockchains, including Ethereum, Tron, Solana and Polygon. The stolen assets were then sold in decentralized exchanges, with washed profits through privacy protocols such as Cash and Thorchain Tornado, and finally moved to Wasabi Wallet, a bitcoins mixing service. Bitopro has not issued any public statement that recognizes the violation from the explicit assumption. The users were informed of a temporary service suspension due to the “maintenance of the system” last month, and there was little social talk in the popular Crypto X circles around the incident at that time. – Shaurya Malwa Read more.
In other news
- A representative of the Trump organization said the group “knows nothing” about a cryptographic wallet project called “$ Trump Wallet”, despite the application brand and statements linked to the president of the United States. “The Trump organization knows nothing about this project,” said a spokesman for the Trump organization to Coindesk. Meanwhile, an X account linked to the president’s memecutes said the wallet “would arrive soon”, even after several of his representatives denied rumors.– Helene Braun Read more.
- World Liberty Financial, the cryptographic firm backed by the Trump family, has just fallen $ 47 in its USD1 stable to each wallet that participated in its sale of Wlfi tokens. The movement occurs when USD1, which is linked to the US dollar and backed by Treasury bonds and Fiat reserves, expands through blockchains as a result of Chainlink CCIP integration. – Shaurya Malwa Read more.
Regulatory and political
- The French authorities have accused 25 people, including six minors, for their roles in a series of cryptographic kidnappings in Paris, and most suspects connected to the recent failed attempt to kidnap the CEO family of an exchange of cryptography, the Paris Public Prosecutor’s Office, Le Monde reported on Saturday. The investigation focuses on the attempted kidnapping of the daughter and grandson of the CEO of Crypto Exchange Paymium, Pierre Noiz, which occurred on May 13, according to the report. – SHUMBA DE CAMOMILLA Read more.
- The United States Senate can quickly approach a final vote on the regulation of Stablecoins, which would be a water height mark for cryptographic legislation in Congress, but representative French Hill said the Senate bill has some key differences with a similar effort in the House of Representatives, and that they should be solved before it can become law. “The bills are substantially similar,” said Hill, president of the Financial Services Committee of the House of Representatives that has been at the forefront of the Congress’ negotiation on Stablecoins for years, in an event of the Atlantic Council on Tuesday. “There are some differences that are not insurmountable but that need to be rectified and clarified.” Jesse Hamilton Read more.
Calendar
- June 8-22: Berlin Blockchain Week, Berlin
- June 24-26: Without permission, Brooklyn
- June 30 to July 3: Ethcc, Cannes
- July 16-18: Web3 Summit, Berlin
- September 22-28: Korea Bloquchain Week, Seoul
- October 1: Token2049, Singapore
- November 17-22: Devconnect, Buenos Aires
- December 11-13: Solana Breakpoint, Abu Dhabi
- February 10-12, 2026: Consensus, Hong Kong
- May 5, 2026: Consensus, Miami
