Author: John Smith

The XRP Ledger community has reported a growing list of software issues after the June 15 release of xrpld version 3.2.0, even as only 26% of network nodes have upgraded to the new software. Summary XRP Ledger’s latest xrpld upgrade has triggered multiple bug reports, including node synchronization failures. Developers identified issues affecting transaction relays, validator distribution, consensus routing, and ledger tracking. Despite ongoing investigations, maintainers report no network-wide disruption and only 26% node adoption. According to reports published on the XRP Ledger project’s GitHub repository, developers and node operators have identified synchronization failures, configuration parsing problems, and several networking-related…

Strategy co-founder Michael Saylor has defended the company’s Bitcoin-backed capital strategy after its STRC preferred stock fell well below its $100 par value and triggered fresh criticism from market participants. Summary Michael Saylor defended Strategy’s Bitcoin strategy as STRC plunged below its $100 par value. Peter Schiff floated fraud allegations while questioning Strategy’s promotion of STRC shares. Jeff Dorman suggested selling up to $4 billion in Bitcoin could ease capital structure pressure. According to a June 20 X post by Saylor, Strategy’s Bitcoin and cash reserves currently exceed its outstanding debt by approximately $48 billion. He noted that the company…

Bio Protocol has launched OpenLabs, a platform that combines AI-assisted research development, community funding, and on-chain governance as its ecosystem surpasses $33 million in capital raised. Summary Bio Protocol launched OpenLabs, combining AI-assisted research development, collaboration, and funding in one platform. Researchers can seek funding through community voting, with BIO token holders participating in governance decisions. Bio Protocol said its BIO Genesis initiative has raised over $33 million to support decentralized science projects. According to Bio Protocol, the platform was introduced on June 19 during DeSci.Berlin 2026, an event held at KÖNIG GALERIE as part of Berlin Blockchain Week. How…

Attorney Ian R. Cohen has filed a new court rebuttal opposing efforts to revive a lawsuit that seeks control of roughly 3.8 million Bitcoin worth an estimated $238 billion, including wallets linked to Bitcoin creator Satoshi Nakamoto. Summary Ian Cohen has opposed efforts to revive a lawsuit targeting 39,069 Bitcoin wallets holding an estimated $238 billion. Cohen argues dormant self-custodied Bitcoin does not qualify as abandoned property under New York law. Galaxy researchers found recent activity in dozens of targeted wallets, challenging claims that the coins were abandoned. According to a June 20 X thread posted by Galaxy Digital research…

Jake Chervinsky has accused CME Group of using a lawsuit against U.S. crypto perpetual futures to protect its position in a market where the exchange reportedly controls about 92% of exchange-traded derivatives volume. Summary Jake Chervinsky called CME’s lawsuit against the CFTC a “shocking miscalculation” and an “unforced error.” Hyperliquid Policy Center cited Better Markets data showing CME controls about 92% of U.S. exchange-traded derivatives volume. CME argues crypto perpetual futures should be regulated as swaps, while regulators are reviewing derivatives definitions under Dodd-Frank. According to Jake Chervinsky, chief executive of the Hyperliquid Policy Center, CME’s legal challenge against the…

The Philippine SEC has reinforced its support for real-world asset tokenization as four companies, including a tokenized real estate project, advance through its regulatory sandbox. Summary Philippine SEC says existing laws can support tokenized real-world assets and related investment products. Four companies are testing new financial products in the SEC’s Strategic Sandbox, including tokenized real estate. BSP has tightened crypto listing requirements while maintaining licensing scrutiny of digital asset firms. Speaking at Philippine Blockchain Week 2026, SEC Commissioner Rogelio Quevedo said the regulator is now confident that existing laws and its regulatory framework can accommodate tokenized assets. According to Quevedo,…

Two Texas brothers have pleaded guilty to federal robbery charges after prosecutors said they kidnapped a Minnesota family and forced the transfer of more than $8 million in cryptocurrency. Summary Two Texas brothers pleaded guilty after prosecutors linked them to an $8 million crypto kidnapping and robbery. Victims were allegedly held at gunpoint for hours while attackers forced cryptocurrency transfers. CertiK reported that crypto-related kidnappings and assaults rose 75% in 2025 from the prior year. According to the U.S. Attorney’s Office for the District of Minnesota, Isiah Angelo Garcia and Raymond Christian Garcia entered guilty pleas on Thursday to Interference…

Ali Martinez has cautioned that Strategy’s STRC structure may amplify financial stress in a prolonged Bitcoin bear market, citing similarities to the feedback loop seen in Terra-Luna’s collapse in 2022. Summary Ali Martinez warned that Strategy’s STRC structure could increase financial pressure during a prolonged Bitcoin decline. STRC fell as much as 17% below its $100 par value, raising concerns about investor demand. Martinez said the stock’s feedback mechanism shares conceptual similarities with Terra-Luna’s collapse dynamics. In a June 19 X post, Martinez argued that STRC differs from traditional corporate bonds because its dividend rate can be adjusted to help…

Zcash has gained renewed attention after discussions around Europe’s planned crypto compliance rules pushed the privacy-focused cryptocurrency back into the spotlight. Summary Mert highlighted Zcash as a leading privacy-focused crypto amid debate over Europe’s upcoming compliance rules. Analysts disputed claims that every Bitcoin transaction will require identity verification under the EU framework. Technical analysts are watching the $440 support level as ZEC trades near $451 after a sharp correction. According to recent reports, the European Union is preparing to introduce a €10,000 (about $11,500) limit on cash payments alongside tighter anti-money laundering requirements that are scheduled to take effect in…

The European Union has approved anti-money laundering rules that will ban regulated crypto firms from supporting privacy coins while leaving direct Bitcoin transfers between private wallets outside the scope of mandatory identification requirements. Summary EU AML rules will bar regulated crypto firms from supporting privacy coins starting July 2027. Bitcoin transfers between self-hosted wallets remain outside direct EU identity verification requirements. The regulation also introduces a €10,000 cash payment cap and stricter KYC rules for crypto transactions. According to Regulation (EU) 2024/1624, which will take effect on July 10, 2027, crypto-asset service providers operating in the bloc will face stricter…