Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories in the development of cryptocurrency technology. I am Margaux Nijkerk, Tech & Protocols de Coindesk reporter.
In this number:
- VITALIK BUTERIN: Ethereum at risk If decentralization is just a phrase
- Bitcoin The Capa-2 Botanix Mainnet debuts, cuts block times 5 seconds
- XRPL EVM Sidechain gets live, unlocking Dapps Ethereum in the XRP ecosystem
- Securitize, Redstone Pilot ‘Oracle with a single source of trust’ to ensure the navs of tokenized funds
Network news
BUTERIN: Crypto must mature: The co -founder of Ethereum, Vitalik Butein, wants the cryptographic industry to grow quickly, emphasizing that the industry is in a “turning point.” Speaking in front of a full room at the Ethereum community conference, in Cannes, France, Bugerin used its main note to deliver a clear eye reality verification: decentralization, he argued, must evolve from a phrase to a specific set of user guarantees, or risk becoming another hollow promise. As the industry has become the support of the main corporations and political figures, builders must return to the key ideals of the ecosystem that surround the decentralization and construction of user needs, Bterin said. In his typical jeans and his relaxed dark t -shirt uniform, Bugerin presented practical “tests” that said that each cryptographic project should pass. These include 1) the tour test. If the company behind an application disappears, users keep their assets? And 2) the internal attack test: How much damage can the dishonest or the compromised fronts cause? And 3) If you have a reliable computer base: in how many lines of code should they be trusted to protect the funds or data of the users? He warned that too many layer 2 networks, defi and “decentralized” frontal projects are based on hidden rear doors, instantaneous update buttons or insecure interfaces that can be handled and pirate. – Margaux Nijkerk Read more.
Bitcoin Layer-2 Botanix goes live: The main network of Botanix, a network designed to carry Ethereum’s equivalent utility to the Bitcoin ecosystem, has left live, reducing the time it takes to add new blocks to five seconds from 10 minutes. The network is compatible with the Ethereum virtual machine (EVM)The software promoted by the Ethereum block chain, which allows Ethereum -based applications and smart contracts to be copied and glued to Bitcoin, said Developer Botanix Labs in an email. Botanix is one of several projects that try to climb the Bitcoin block chain and turn it into a more conducive place for decentralized finances (Defi) By improving its utility and programability. Others include PortaInstock, Pilas and Bob (“Build in Bitcoin”)that have adopted the BITVM computer paradigm that can make complex calculations verifiable in Bitcoin, racing the way for the provision of a smart contract, similar to Ethereum. The expansion of Bitcoin’s utility would allow developers to take advantage of the value held in BTC, which eclipses that of all other digital assets. – Jamie Crawley Read more.
Ledger XRP EVM-Sidechain Printnet begins: Ripple officially introduced the Virtual Ethereum Machine of XRP Ledger (EVM) Sidechain to Mainnet in an attempt to improve the interoperability of the ecosystem and allow developers to implement their decentralized applications based on Ethereum (DAPPS) With the XRPL. The development adds intelligent contracts compatible with EVM while maintaining a connection with the XRPL, which provides developers accessing the ecosystem to a low cost, Ripple said in a blog post. It is designed to eliminate compensation between EVM compatibility and XRPL’s own advantages, opening the door that DAPPS be tilted in XRP payment infrastructure. The side chain works as a separate block chain that is parallel and connected to the Book Mayor XRP on the Axlar bridge, an interoperability protocol. The native XRPL, XRP token will serve as the native gas token for the side chain. – Margaux Nijkerk Read more.
Securitize, Redstone Release New Oracle Model Whitepaper: Securitize, one of the largest tokenized assets emitters, and the Oracle Redstone supplier has launched a technical document that, they say, presents a new model to safely verify the value of net assets (NAV) Data in the chain, specifically adapted for tokenized private funds. The model, called Single Fuente Oracle (TSSO)is designed to address a key gap in decentralized finances (Defi) Infrastructure: how to reliably demonstrate that each Christmas update really comes from the reliable source, and has not been manipulated once it is in the chain. In traditional cryptography markets, oracles extract data from multiple food for price to protect against manipulation or errors. But for private funds, the NAV is calculated by a single fund manager. That creates a unique problem: there is no way to verify the number through market aggregation. For protocols, he defines that they are based on precise collateral values, this single point of trust has been a conflict point. The TSSO framework resolves this by creating a cryptographically linked NAV chain, according to the technical document. Each update includes a safe digital signature, a time mark, a reference to the previous record and a hash that blocks the sequence. The system uses two keys: a “root key” stored cold for important updates and a “chain key” for small routine changes that remain inside the adjusted thresholds. This design aims to balance high safety with the practical need to update Christmas data without constant manual work. – Margaux Nijkerk Read more.
In other news
- Robinhood digital brokerage (HOOD) It has a list of new encryption offers, including its own Blockchain network based on the referee and trade of tokenized shares. The firm this week debuted its token of shares, issued in the referee of Layer 2 of Ethereum, for European users, giving access to more than 200 shares and ETF of the USA. UU. With operations during the day during the week. With the launch, Robinhood is expanding its EU application centered on cryptography with tokenized actions in an “investment application all in one driven by crypto,” said the company. The firm also confirmed that it is building its own Blockchain network of layer 2 optimized for tokenized assets. The chain will admit commerce, Autocustody and a bridge of the tokenized asset cross chain. A launch date has not been revealed, but people familiar with the matter said it could go live later this year or early next year. – Krisztian Sandor Read more.
- Deutsche Bank (DB) He plans to debut a cryptography custody service next year, Bloomberg reported for the first time. The largest bank in Germany has enlisted cryptocurrency exchange bitpanda to help build the offer, according to the report, citing people familiar with the matter. The participation of DB in cryptography custody so far has been largely through the Swiss custodian Taurus, of which the 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 cryptographic initiatives of the Bank have concentrated on Stablecoins, with its DWS asset management subsidiary planning to issue a EURO Stablecoin as part of a joint company with flow and galaxy merchants (GLXY). – Jamie Crawley Read more.
Regulatory and political
- With the approval of the bill by the United States Senate aimed at carrying out most of the political agenda of President Donald Trump, the last minute changes in the only draft Big Beautiful bill did not include a proposal to clarify and relieve cryptographic taxes. Although Senator Cynthia Lummis had advocated changes in the United States approach to tax cryptocurrency transactions, including the resignation of taxes on capital gains in small-scale activity, it was not one of the amendments to the bill that approved by little 50-50 votes on Tuesday in which Vice President JD Vance had to intervene to break the tie. The senators had worked during the night at the amendment after the amendment, most of which failed, on their way to a republican success. But the Lummis amendment was not among them, despite the 11 -hour lobbying efforts of the digital asset industry. – Jesse Hamilton Read more.
- New York Attorney General, Letitia James, the alarm rang in the Stablcoin bill of the United States Senate, warning Congress on June 30 that the genius law, at least as it is currently, “make[es] It does not contain the railings necessary to protect the American public. ” Cheyenne Ligón Read more.
Calendar
- 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