“ALSO: EF LAYS OFF STAFF + REASTRUCTURES, TECH Experts Unimpressed at Elon Musk’s BTC X-Feature, and Zachxbt: Bitopro Likely Hacked.”, – WRITE: www.coindesk.com
In this Issue:
- Berachain Taps Ethereum’s Pctra Playbook with ‘Bectra’ Upgrade
- Ethereum Foundation Lays Off Some Staff AMID R&D RESTRUCTURING
- Elon Musk Announces ‘Bitcoin-Style’ XChat, But Tech Experts Are Skeptical
- Taiwanese Crypto Exchange Bitopro Likely Hacked for $ 11m in May, Zachxbt Says
Network NewsBerachain’s Play On Pctra; Bectra: Berachain is gearing up to be the first non-definhereum Layer-1 Blockchain to Fully Activate Etideum’s New Execution-Layer Features. ITS Bectra Hard Fork –– Named for Ethereum’s Recent ‘Pectra’ Upgrade – Goes Live Today, Giving More than 100 Apps on the Chain Access to Tools that Could Could ENHANCE PLATE WITH INTEREST. Because Berachain’s Consensus Model is Different from Ethereum’s, It Doesn’t Include Pectra’s Consensus Changes. But Since is Ethereum Virtual Machine (EVM) -Compatible, Developers Don’t Need to Rewrite Existence Contracts-A Relief for the 200-Plus Apps ALREADY LIVE LIVE ON BERACHAIN. For USers, The Bectra Upgrade Means Every Wallet Can Now Work Like A Smart Account. They will be abatch transactions in One Click, Set Spending Limits, Pay Gas with Honey (Berachain’s Stablecoin), or Even Set Up Recurring Payments. Previously, These Features Needed Custom Contracts or Third-Party Implementations (WHICH CARRY Security Conceerns). – Shaurya Malwa Read More.
Ethereum Foundation Layoffs Amid Restructuring: The Ethereum Foundation Has Laid Off Somebers of Its Research and Development Team As Part of A Broader Restructuring Effort Aimed at Refocushing on Critical Protocol Design, TheT. The Shake-Up Comes As the Switzerland-Basted Nonprofit Grapples with Ongoing Criticism Over It Management and Strategic Direction. Some in the Ethereum Community Have Warned For Over A Year That Failure to Address Key Technical Hurdles Could Threaten Ethereum’s Status As An Industry Leader, and The Origanization. Part to Address Tese Conceerns. The Foundation Is Rebranding Its Protocol Research and Development Division Under the Simplified Name “Protocol,” and Is Reposition of the Group AUPEND TRIEERITIES: SCALING Etherities (A Key Part of Its Data Availliness Strategy), and Improving User Experience. DUE TO THESE Changes, Several Staffers Were Laid Off, Thought The Ef Did Not Disclose How Many Folks Were Affected By These Changes – Margaux nijkerk Read More.
Tech Experts Unimpressed at Musk’s BTC X-Feature: Billionaire X Owner Elon Musk Shared Over the Weekend the Launch of a Brand-New Messaging App Called XChat. Neither the Bitcoin Market Nor the Tech Community is ImpResed. A Key Feature of the New Offering Is That Is Written With The Rust Programming Language and Uses What Musk Torated As “Bitcoin-Style” Encryption. While It Sounds Exciting, The Crypto Community is Not Particularly Psychemed, Raising Doubts About the Platform’s Bitcoin-Inpire Technical Promises. This is like Saying, We Decided to Run Our Rocket on Water, Since Nasa Uses Hydrogen and Oxygen, “Ian Miers, Assistant Professor Omkar Godbole Read More.
Crypto Exchange Bitopro Likely Hacked for $ 11m, Zachxbt Says: Taiwanese Cryptocurrency Exchange Bitopro is Suspectioned to Have Lost Over $ 11.5 Million Worth of Tokens in a May 8 Exploit, Widly-Followed Blocchain Graoid. The Exploit Involved Unauthorized Access to Bitopro’s Hot Wallets Across Multiple Blockchains, Including Ethereum, Tron, Solana, and Polygon. The Stolen Assets Were Ten Sold on DeCentralized Exchanges, with Proceeds Laundered Through Privacy Protocols Such as Tortnado Cash and Thorchein, and Eventuly MOVEED TO WAB Service. Bitopro has not Issued Any Public Statements Acknowledge the Breach Since the Supped Explicit. Users Were Informed of A Temporary Service Suspension Due to “System Maintenance” Last Month, and there was Little Social Chatter in Popular Crypto X Circles Arm. – Shaurya Malwa Read More.
In Other News
- A representative of the Trump Organization Said the Group “Knows Nothing” about a Crypto Wallet Project Called the “$ Trump Wallet,” Despite The App’s Branding and Clanding and Clanding. “The Trump Organization Knows Nothing About This Project,“ A Spokesperson for the Trump Organization Told Coindesk. Meanwhile, an X accounting linked to the president’s memecoins said that wallet was “Coming Soon,” Even After Several of His Representatives Denied the Rumors.– Helene Braun Read More.
- World Liberty Financial, The Trump Family-Backed Crypto Firm, Just Droped $ 47 WORTH ITS USD1 Stablecoin to Each Wallet That Participated In ITS WLFI TOKEN SALE. The Move ComESS As USD1, WHICH IS PEGGED to the US Dollar and Backed by Treasuries and Fiat Reserves, Expands Across Blockchains As Result of Chainlink’s Ccip Integration. – Shaurya Malwa Read More.
Regulatory and Policy
- French Authorities have charged 25 people, including six minors, for their roles in a spate of crypto kidnapings in paris, with the majoority of the suspects confections. Crypto Exchange Ceo’s Family, Paris’s Public ProseCutor’s Office Said, Le Monde Reported Sathoday. The investigation is focused on the kidnaping attempt of the Daughter and Grandson of the Ceo of Crypto Exchange Paymum, Pierre Noizat, that Occurred on May 13, the Report. – Camomile Shumba Read More.
- The US Senate May Be Fast Approaching A Final Vote on Regulating Stablecoins, Which Wound Be A High-Water Mark for Crypto Legislation in Congress, But RepreSentate Frees’s Hill Said. DifferentCes with a similear Effort in the House of Representatives, and Those would be need to be irundated out of before it become law. “The Bills Are Substantally Similar,” Said Hill, The Chairman of the House Financial Services Committe that have that have at the Forefront of the Congression Negotation Over, Attancoins for Years On Tuesday. “There Are Some Differences That Are Not InsurMountable But Do Need To Be Rectified and Clarified.” – Jesse Hamilton Read More.
Calendar
- June 8-22: Berlin Blockchain Week, Berlin
- June 24-26: permissionless, Brooklyn
- June 30-July 3: Ethcc, Cannes
- July 16-18: Web3 Summit, Berlin
- Sept. 22-28: Korea Blockchain Week, Seoul
- Oct. 1-2: Token2049, Singapore
- Nov. 17-22: Devconnect, Buenos Aires
- Dec. 11-13: Solana BreakPoint, Abu Dhabi
- Feb. 10-12, 2026: Consensus, Hong Kong
- May 5-7, 2026: Consensus, Miami
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