The Protocol: Ethereum’s Vitalik Buterin Says the EcoSystem is at Risk If Decentralization is Just A Catchphrase

In this Issue:

• Vitalik Buterin: Ethereum at Risk If Decentralization is Just A Catchphrase
• Bitcoin Layer-2 Botanix Mainnet Debuts, Cuts Block Times to 5 Seconds
• Xrpl Evm Sidechain Goes Live, Unlocking Ethereum Dapps in XRP EcoSystem
• Securitize, Redstone Pilot ‘Trusted Single Source Oracle’ to Secure Tokenized Fund Navs

Network NewsButerin: Crypto Must Mature: Ethereum Co-FOUNDER VITALIK BUTTALIK WANTS The Crypto Industry to Grow Up Fast-Stressing That Industry Is At An “Inflection Point.” Speaking in Front of A Packed Room at the Ethereum Community Conference, In Cannes, France, Buterin Used His Keynote to Deliver A Clear-Eyed Reality Check: Decentral Edule, Mustzation, He ARGIVATION To a concentroe set of user guarantees – or risk bework Another Hollow Promise. As the Industry Has Gone Mainstream with Endorsments from Major Corporations and Political Figures, Builders Need to Return to the Ecosystom’s Key ” Buterin Said. In his typical Jeans and Relaxed Dark T-Shirt Uniform, Buterin Laid Out Practical “Tests” that he Said Every Crypto Project Should Pass. THESE INCLUDE 1) THE WALK-AWAY TEST. If the company behind and application disappers, do USers keep their assets? And 2) The Insider Attack Test: How Much Damage Can Rogue Insiders or Compromised Front-Ands Cause? And 3) WHETHER IT HAS A TRUSTED Computing Base: How Many Lines of Code Must Be Trusted to Protect USERS ‘FUNDS OR DATA? He Warned that Too Many Layer-2 Networks, Defi Projects and “Decentralized” Front-Ands Rely on Hidden Backdoors, Instant Upgrade Buttons OR Hth Intecure. – Margaux nijkerk Read More.

Bitcoin Layer-2 Botanix Goes Live: The Mainnet of Botanix, A Network Designed to Bring Ethereum-Equivalent Utility to the Bitcoin EcoSystem, Has Gone Live, Slashing The Time Its to Addd New Blocs. The Network is Compatible with The Ethereum Virtual Machine (Evm), The Software That Powers of the Ethereum Blockchain, Allowing Ethereum-Based Applications and Smart Contracs to Be Capied. Botanix Labs Said in An Email. Botanix is ​​One of Several Projects Attempting to Scale The Bitcoin Blockchain and Make It A More Conducipe Venue for Decentralized Finance (Defi) by Enhancing ITS. Other Include Rootstock, Stacks and Bob (“Build on Bitcoin”), WHICH HAV All Adapted The Bitvm Computing Paradigm That Can Make Make Complex Computations VerifIAC Provision, Similar to Ethereum’s. The Expansion of Bitcoin’s Utility would ALLOW DEVELPERS TO TAKE Advantage of the Value Held in BTC, WHICH DWARFS THAT ALL Other Digital Assets. – Jamie crawley Read More.

XRP LEDGER EVM-SideChain Mainnet Launches: Ripple officially introduce the Xrp Ledger’s Ethereum Virtual Machine (Evm) SideChain to the Mainnet in An Bid to Improve the Ecosystom’s Interperacy Applications (Dapps) with The XRPL. The Development Adds Evm-Compatible Smart Contracts While Maintening A Connection to the XRPL, Giving Developers Access to the Ecosystom at A Low Cost, Rippple SAID IN A BLOGOGOR. It is Designed to Eliminate the Trade-Off Between Evm Compatibility and Xrpl’s Own Advantages, Opening The Door for Dapps To Lean Into Xrp’s Payments Infracture. The Sidechain Operates As A Separate Blockchain That Is Parallel and Connected To The XRP Ledger Over the Axlar Bridge, An Interperability Protocol. Xrpl’s Native Token, Xrp, Will Serve As the Native Gas Token for the Sidechain. – Margaux nijkerk Read More.

Securitize, Redstone Release New Oracle Model Whitepaper: Securitize, One of the Largest Tokenized Asset Issuers, and Oracle Provider Redstone Have Released a Whitepaper they Say introduces a new model for securely Verifying Net (Net) SPECIFICALLY FOR TOCENIZED PRIVATE FUNDS. The Model, Dubbed The Trusted Single Source Oracle (Tsso), Is Designed to Address A Key Gap in Decentralized Finance Source-and Hasn’t been Tampered with Once is on -chain. In Traditional Crypto Markets, Oracles Pull Data from Multiple Price Feeds to Guard Against Manipulation or Errors. But for Private Funds, The Nav Is Calculated by a Single Fund Administrator. That creates a unique problem: there’s no way to double-check the Number Through Market Aggregation. For defi protocols that rely on account collateral values, this Single Point of Trust Has Been A Sticking Point. The Tsso Framework Solves This by Creating A Cryptographically Linked Chain of Nav Updates, Accounting To The Whitepaper. Each Update Includes A Secure Digital Signature, A Timestamp, A Reference to the Previous Record, and A Hash that Locks of 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 Stay Within Tight Thresholds. This Design Aims to Balance High Security with The Practical Need to Refresh Nav Data Without Constant Manual Work. – Margaux nijkerk Read More.

In Other News

• Digital Brokeraage Robinhood (Hood) Has A Slate of New Crypto Offers, Including It Own Blockchain Network Based on Arbitrum and Tokenized Stock Trading. The FIRM This Week DEBUTEDED ITS STOKEN OFFERING, Issued on the Ethereum Layer-2 Arbitrum, for European USers, Giving Access to Over 200 US Equities and Etfs W W With. With The Launch, Robinhood is Expanding Itpto-Focused Eu App with Tokenized Stocks Into An “All-in-One Investment App Powed by Crypto,” The Company Said. The FIRM ALSO CONFIRMED IS BUILDING ITS OWN LAYER-2 BLOCKCHAIN ​​Network Optimized for Tokenized Assets. The Chain Will Support 24/7 TRADING, SELF-CUSTYY AND Cross-CHAIN ​​BRIDING OF TOCENized Assets. A release date have not be disclosed, but persons Familiar with the matter said it could go live lauter this year or early Next year. – Krisztian Sandor Read More.
• Deutsche Bank (DB) Is Planning to Debut A Crypto Custody Service Next Year, Bloomberg First Reported. Germany’s Largest Bank Has Enlisted Cryptocurrency Exchange Bitpanda To Help Building The Fference, Accounting To The Report, Citing People Familiar with The Matter. DB’s Involvement in Crypto Custody to Now have was been largely through swiss custodian taurus, of WHICH The Bank Is Both An Investor and A Client. IT is not Clear How this Relationship wold development should db begin it own Service in-House. The Bank’s Other Recent Crypto Crypto Initiatiatiatiatiatiatiatiatiatiats have been concentrated in Stablecoins, wax asset Management Subsidiane Subsidiane Subsidiane Subsidiane Subsidiane to the Garo Stable Wit of the Garo StableCoin The Garo Stable The Garo Stable Wime Flozen Flozh. (GLXY). – Jamie crawley Read More.

Regulatory and Policy

• With the US Senate’s Passage of the Bill Meant to Carry Forward the Bulk of President Donald Trump’s Policy Agenda, Last-Minute Changes to The One Big Beautify Bill Bill. Crypto Taxation. Thought Senator Cynthia Lummis Had Advocated Changes to The Us Approach to Taxing Cryptocurrency Transactions, Including Wiving Capital-Gains Taxes on Small-Small-Scale Activity. Bill that Narrowly passed on a 50-50 vote on tuesday in whol vice president jd vance had to step in to break the tie. Senators Had Worked Through the Night Tuesday Debating Amendment After Amendment, MOST OF WHICH FAILED, ON Their Way Town a Republican Success. But lummis’ Amendment Wasn’t Among them, Despite 11th-Hour Lobbying Effrts from the Digital Assets Industry. – Jesse Hamilton Read More.
• New York Attorney General Letitia James Sounded the alarm on the Us Senate’s Stablecoin Bill, Warning Congress on June 30 that genius Act – at least as it curretly[es] Not Contain the Necessary Guardrails to Protect the American Public. ” In an eight-Page Letter, James URGED CONGRESS TO SLOWN ITS EFFORTS TO PASS STABLECOIN Legislation and “Take the Time Necessary to Draft Legislation that’s is the Envy of the World. ” – Cheyenne ligon Read More.

Calendar

• 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