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Berachain follows Ethereum’s PECTRA upgrade with ‘Becra’

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Welcome to the protocol, CoinDesk’s weekly wraps of the most important story of cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum Protocol reporter on the CoinDesk tech team.

In this issue:

Berachain Taps Ethereum’s Pectra Playbook with ‘Bectra’ upgrading
The Ethereum Foundation is removing some staff in the middle of the R&D repair
Elon Musk announces ‘Bitcoin-style’ Xchat, but tech experts are skeptical
Taiwanese Crypto Exchange Bitopro is likely to be hacked by $ 11M in May, says Zachxbt

Network news

Beelachan to pàrrachan pectra; Becra: Berachain is preparing to be the first non-ethereum layer-1 blockchain to fully activate new Ethereum implementation features. The Bectra Hard Fork -named for Ethereum’s ‘Pectra’ upgrading -now lives, providing more than 100 access -accessing apps to tools that can enhance how users and developers interact with the platform. Since the Berachain agreed model is different from Ethereum’s, the changes in Pectra’s agreement are excluded. But since it’s Ethereum Virtual Machine (EVM) -It involved, developers do not have to re-write the existing contracts-a relief for the 200-plus app that lives in Berachain. For users, upgrading the Bectra means that every wallet can now work like a smart account. They will be able to batch the transactions with a click, set spending limitations, pay gas with honey (Stablecoin of Berachain), or even set up repeated payments. Previously, these features had require custom contracts or third-party implementation (which brings security concerns). – Shaurya Malwa Read more.

Ethereum Foundation’s layoffs in the middle of the repair: The Ethereum Foundation has removed some members of the research team and development as part of a broader reinteristry effort aimed at re -focusing critical challenges in protocol design, the organization said In a blog post. Shaking will come as the nonprofit-based in Switzerland with constant criticism of them Management and Strategic direction. Some of the Ethereum community warns for more than a year that the failure to meet the basic technical barriers may threaten Ethereum’s status as a leader of the industryand the organization already has undergo changes in leadership in part to meet these concerns. The foundation re -consists of the Protocol Research and Development Division under the simplified name “Protocol,” and recovers the group around three top priorities: scaling of the base layer of Ethereum, expanding Blobspace (a major component of the approach to its data gain), and improving user experience. Due to these changes, many staff have been killed, though the EF does not reveal how many people have affected these changes – Margaux Nijkerkk Read more.

Tech experts who are not intrigued by Musk’s BTC X-Feature: Billionaire x has Elon Musk already Shared on the weekend Launching a new-new messaging app called XChat. Neither the Bitcoin market nor the tech community admires. One key feature of the new offer is to be written with rust programming and uses what musk tout as “bitcoin-style” encryption. While it was motivated, the crypto community was not particularly psyched, which raised doubts about the technical promises of the platform’s technical inspiration .. “Bitcoin’s main user in signatures, not encryption. It is like saying, we decided Computer Science at the University of Maryland, said X.. – Omkar Godbole Read more.

Crypto Exchange Bitopro is likely to be hacked by $ 11M, Zachxbt said: The Taiwanese Cryptocurrency Exchange Bitopro suspected to have lost more than $ 11.5 million worth of tokens on a May 8 exploited, widely observed blockchain Sleuth Zachxbt in his telegram team. The exploitation is involved in unauthorized access to hot bitopro wallets in many blockchains, including Ethereum, Tron, Solana, and Polygon. The stolen properties were then sold in decentralized exchanges, with proceeds laundered by privacy protocols such as Tornado Cash and Thorchain, and eventually switched to Watabi Wallet, a Bitcoin mixing service. Bitopro has not released any public statements that acknowledge the violation from what should be clear. Users were told of a temporary service suspension due to “system maintenance” last month, and there was little social chatter in popular Crypto X circles around the incident at that time. – Shaurya Malwa Read more.

In other news

A Trump organization representative said the team was “unaware” about a crypto wallet project called the “$ Trump Wallet,” despite the app brading and claiming tied to the US president. “The Trump’s organization knows nothing about this project,” a spokesman for the Trump organization in CoinDesk said. Meanwhile, an X account linked to the President’s Memecoins Says That the purse was “coming,” even after some of his representatives refused rumors.– Helene Braun Read more.
World Liberty Financial, the family -supported crypto company, has dropped only $ 47 worth of USD1 Stablecoin in each wallet that participated in the sale of the WLFI token. The move came as USD1, which was linked to the US dollar and that -backing of treasury and fiat reserves, expanded the entire blockchain as a result of the CCIP’s integration of the chainlink. – Shaurya Malwa Read more.

Regulation and policy

French authorities will be charged with 25 people, including six minors, for their duties in a spate of crypto kidnappings in Paris, along with most of the suspects connected to the recent failed attempt of kidnapping a family of Crypto Exchange CEO, the public of the Paris publicly said, The world reported Saturday. Investigation focuses on the attempt of kidnapping of daughter and grandson of CEO of Paymium Exchange PaymiumPierre Noizat, which happened on May 13, the report said. – Camomile Shumba Read more.
The US Senate may quickly approach a final vote on regulating Stablecoins, which will be a high-water mark for crypto law in Congress, but the French hill representative said the Senate bill has some major differences in a similar effort in the House of Representative, and they need to be ironed before it becomes law. “The bills are huge,” said Hill, chairman of the House Financial Services Committee who was ahead of Congress negotiations with Stablecoins for many years, at an event at the Atlantic Council on Tuesday. “There are some differences that are not measurable but need to be adjusted and clarified.” – Jesse Hamilton Read more.