Stay updated with U.Today’s roundup of the most important news from the past 24 hours.
Ripple’s CEO Comments on Significant Progress for XRP Ledger
RippleX recently announced the release of
Rippled version 2.5.0
on X, the platform’s reference server implementation. This update to the
XRP Ledger
has drawn considerable attention. Mayukha Vadari, a contributor to the new release,
described it
as potentially the most impactful set of changes ever included in a single release. Key features include TokenEscrow, enabling escrow functionality with IOUs and versatile tokens; Batch, streamlining transaction execution; and PermissionedDEX, facilitating compliant, access-controlled decentralized exchanges. Ripple’s CEO, Brad Garlinghouse, hailed this release as
“huge progress,”
commending the development team’s efforts. Voting on these updates is now underway, and node operators are urged to upgrade promptly. To fully integrate the changes, at least 80% validator approval is needed over the coming weeks.
U.S. House Expected to Vote on Significant Crypto Legislation This Week
According to a
report by Politico,
Republican leaders in the House are planning
a vote
this week on major cryptocurrency legislation. The proposed package incorporates stablecoin regulations, along with the comprehensive CLARITY Act, addressing broader crypto market structures. Initial discussions explored the possibility of merging these bills to accelerate the legislative process. Details on how the bills might be combined remain sparse, and it is still uncertain whether they will be voted on jointly. Brendan Pedersen from Punchbowl News noted that Majority Whip Tom Emmer indicated House Republicans would consider voting on the Senate-approved stablecoin bill (GENIUS Act) if integrated with market structure reforms. The vote’s timing is currently tentative and subject to potential delays.
Early Ethereum Investor Moves $12 Million in ETH to Major Exchange
Reported
yesterday,
June 25, Spot On Chain X account
revealed
a significant Ethereum transaction: 5,000 ETH, valued at $12.1 million, was transferred. This transaction originated from an Ethereum ICO participant who transferred the digital assets to the Kraken exchange after a four-month period of inactivity. This individual received 107,000 ETH during the Genesis event, which would currently hold a value of approximately $243 million. Originally, these tokens cost them a mere $31,000. Data from CoinMarketCap indicates that Ethereum’s recent performance is among the weakest of the top 10 cryptocurrencies, with a weekly decline of 3.41%. Currently, ETH is trading at $2,416, reflecting a modest increase of 0.46% over the last 24 hours. The asset’s value is still significantly below its all-time high from late 2021, despite Bitcoin’s recent record highs in May.