hodler

4 Jun 2026, 13:55

Ripple’s RLUSD Stablecoin Goes Multi-Chain with Wormhole’s NTT Standard

BitcoinWorld Ripple’s RLUSD Stablecoin Goes Multi-Chain with Wormhole’s NTT Standard Ripple’s dollar-pegged stablecoin, RLUSD, is now available across multiple blockchain networks following its integration with Wormhole’s Native Token Transfer (NTT) standard. The move extends RLUSD’s reach beyond its native XRP Ledger and Ethereum, allowing users to transact with the stablecoin on Base, Ink, Optimism, and Unichain. What the Wormhole Integration Means Wormhole’s NTT standard enables seamless, secure movement of tokens between blockchains without relying on traditional wrapped token models. For RLUSD, this means users can now hold and transfer the stablecoin natively across five additional networks. The integration eliminates the need for intermediary tokens or complex bridging processes, reducing friction for traders, liquidity providers, and DeFi applications. This expansion is particularly significant for Ripple’s broader strategy. RLUSD was launched in late 2024 as a regulated, dollar-backed stablecoin designed for enterprise payments and decentralized finance. Until now, its availability was limited to the XRP Ledger and Ethereum, which restricted its utility in the rapidly growing multi-chain DeFi ecosystem. Why Multi-Chain Stablecoins Matter Stablecoins are the backbone of decentralized finance, facilitating trading, lending, and payments across blockchains. However, most stablecoins remain confined to a single network or rely on wrapped versions that introduce counterparty risk and liquidity fragmentation. By adopting Wormhole’s NTT standard, RLUSD bypasses these limitations, offering a native multi-chain experience. The selected chains—Base, Ink, Optimism, and Unichain—represent some of the most active ecosystems in DeFi. Base, built by Coinbase, has seen explosive growth in on-chain activity. Optimism is a leading Ethereum Layer-2 scaling solution. Ink and Unichain are emerging platforms focused on interoperability and user experience. RLUSD’s presence on these networks could attract liquidity and drive adoption among DeFi protocols seeking a regulated stablecoin option. Implications for the XRP Ecosystem For Ripple and XRP holders, this development strengthens the utility of the broader ecosystem. RLUSD is designed to complement XRP in cross-border payments and liquidity management. A multi-chain RLUSD could enhance Ripple’s payment solutions by enabling stablecoin transfers across different blockchain environments without relying on centralized exchanges. It also positions RLUSD as a competitor to established stablecoins like USDC and USDT, which already have extensive multi-chain presence. However, RLUSD’s regulatory clarity—issued under a New York trust charter—could be a differentiating factor for institutional users. Conclusion The expansion of RLUSD to multiple blockchains via Wormhole’s NTT standard marks a practical step toward greater interoperability in decentralized finance. For users, it means more flexibility and lower friction when using a regulated stablecoin across different networks. For the industry, it signals continued convergence between traditional finance infrastructure and blockchain technology. As multi-chain DeFi grows, the ability to move stablecoins natively between networks will become increasingly important. FAQs Q1: What is RLUSD? RLUSD is a dollar-pegged stablecoin issued by Ripple, designed for payments and decentralized finance. It is regulated under a New York trust charter. Q2: Which blockchains does RLUSD now support? In addition to the XRP Ledger and Ethereum, RLUSD is now available on Base, Ink, Optimism, and Unichain through Wormhole’s NTT standard. Q3: How does Wormhole’s NTT standard differ from traditional token bridges? NTT enables native token transfers between blockchains without wrapping the token, reducing counterparty risk and liquidity fragmentation. This post Ripple’s RLUSD Stablecoin Goes Multi-Chain with Wormhole’s NTT Standard first appeared on BitcoinWorld .

4 Jun 2026, 13:52

Not all Ethereum layer 2s are dying, but many general-purpose chains no longer have a reason to exist

In this week's edition of The Protocol Newsletter, we're looking at the state of the Ethereum layer-2 ecosystem.

4 Jun 2026, 13:45

Cosmos Labs Acquires Mintscan Explorer, Opens Seoul Subsidiary to Bolster Asian Presence

BitcoinWorld Cosmos Labs Acquires Mintscan Explorer, Opens Seoul Subsidiary to Bolster Asian Presence Cosmos Labs, the core development team behind the Cosmos (ATOM) blockchain ecosystem, has acquired Mintscan, a widely used blockchain explorer for the Cosmos network, and simultaneously launched a new South Korean subsidiary, Cosmos Labs Korea, in Seoul. The move, first reported by The Block, signals a strategic push to deepen the project’s operational footprint in Asia and integrate critical infrastructure more closely with its core team. Acquisition Details and Strategic Rationale Mintscan has long served as the primary block explorer for Cosmos-based chains, allowing users to track transactions, validate blocks, and monitor network activity. By bringing Mintscan in-house, Cosmos Labs gains direct control over a key piece of user-facing infrastructure. This acquisition also includes the transfer of several Mintscan employees to Cosmos Labs, ensuring continuity and deep technical knowledge retention. The establishment of Cosmos Labs Korea in Seoul further underscores the company’s commitment to the region. South Korea has historically been a vibrant hub for cryptocurrency trading and blockchain development, with a highly engaged user base and a supportive regulatory environment for blockchain technology. The new subsidiary is expected to facilitate local partnerships, talent acquisition, and community engagement. Implications for the Cosmos Ecosystem This vertical integration of a critical explorer tool is a notable step for Cosmos Labs. Previously, Mintscan operated as an independent service relied upon by the broader Cosmos community. Its acquisition centralizes a tool that many developers and users depend on for daily network interaction. While this could lead to more rapid feature development and tighter security integration, it also raises questions about the balance between centralization and the decentralized ethos of the Cosmos ecosystem. The move also positions Cosmos Labs to better compete with other layer-1 ecosystems that have long maintained in-house explorer tools, such as Etherscan for Ethereum. Having a dedicated, team-managed explorer can improve user experience and provide more direct feedback loops for network improvements. Market and Regional Context South Korea remains one of the most active cryptocurrency markets globally, with high retail participation and a growing number of blockchain projects. Cosmos Labs Korea will likely serve as a base for developer outreach, educational initiatives, and regulatory engagement. The timing aligns with broader industry trends where major blockchain projects are establishing physical presences in key jurisdictions to navigate regulatory landscapes and foster local innovation. Conclusion The acquisition of Mintscan and the launch of Cosmos Labs Korea represent a significant operational expansion for the Cosmos ecosystem. By integrating a critical explorer tool and establishing a dedicated subsidiary in a major crypto market, Cosmos Labs is reinforcing its infrastructure and regional commitment. The long-term impact on network decentralization and community trust will depend on how the team manages the balance between centralized development and open participation. FAQs Q1: What is Mintscan and why is it important? Mintscan is a blockchain explorer specifically designed for the Cosmos ecosystem. It allows users to search and verify transactions, view block details, check validator information, and monitor network activity across Cosmos-based chains. It is a fundamental tool for transparency and usability. Q2: Why did Cosmos Labs establish a subsidiary in South Korea? South Korea has a highly active cryptocurrency community and a supportive environment for blockchain development. Establishing Cosmos Labs Korea allows the team to tap into local talent, form strategic partnerships, engage with regulators, and better serve the Korean user base. Q3: Will the acquisition affect how users access Mintscan? In the short term, users should see no disruption. The integration is expected to bring more resources and faster updates to Mintscan. Long-term, Cosmos Labs may introduce new features and tighter integration with the core Cosmos ecosystem, potentially improving the user experience. This post Cosmos Labs Acquires Mintscan Explorer, Opens Seoul Subsidiary to Bolster Asian Presence first appeared on BitcoinWorld .

4 Jun 2026, 13:10

CoinDesk 20 performance update: Bitcoin Cash (BCH), up 1.5%, is only gainer

NEAR Protocol (NEAR) declined 15.2% and Internet Computer (ICP) dropped 13.1%, leading the index lower.

4 Jun 2026, 11:43

Will Solana end its losing streak and defend the $65 support level?

Solana (SOL) posted its eighth consecutive monthly loss in May, indicating the persistent selling pressure despite a growing list of institutional partnerships and blockchain-based financial initiatives. The ongoing downtrend shows a disconnect between Solana’s expanding real-world utility and investor sentiment, with broader market weakness continuing to weigh on the token’s price performance. The momentum indicators remain extremely bearish, indicating that the market selloff might not be over yet. Institutional adoption accelerates across the Solana network SOL has lost 10% of its value in the last 24 hours and is now trading around the $67 mark. The bearish performance comes despite growing institutional adoption across the Solana network. Last month, several major financial firms—including Mastercard, Western Union, State Street, and SoFi—launched stablecoin and tokenized asset initiatives on Solana, expanding the blockchain’s role in traditional finance. Among the most notable developments was Mastercard’s decision to utilize Solana for regulated stablecoin settlement. Meanwhile, the network processed more than $832 billion in stablecoin transfer volume during the first quarter of 2026, indicating a surge in adoption for financial transactions. Despite these milestones, the positive fundamentals have yet to translate into stronger price action. The derivatives data indicate that retail traders are reducing their exposure to the market. According to CoinGlass , Solana’s futures Open Interest reads $4.91 billion, down from the average of $7.5 billion recorded in May. The long-to-short ratio has declined below 1 and now reads 0.9433. This metric dropping below one indicates that the bears are currently controlling the market. The SOL OI-Weighted Funding Rate of -0.0093% adds further confluence to the bearish narrative in the derivatives market. Solana price outlook: technical indicators continue to favor bears The SOL/USD 4-hour chart is bearish, with technical indicators pointing to ongoing weakness. At press time, Solana is trading at $76, below the 20-day moving average ($72.49) and the 50-day moving average ($74.96) Several momentum indicators continue to support a bearish outlook. The RSI has dropped to 26, indicating that Solana is now in the oversold region. The MACD and CCI indicators are also flashing selling signals. If the bearish trend persists, SOL could lose the $65 support level in the near term. A daily close below $65 could expose Solana to the $50 psychological level. However, if the $65 support holds, it would allow the bulls to aim for a recovery towards the $75.07 resistance level. A decisive close above $75 could pave the way for SOL to extend its rally towards the $88 resistance zone in the near term. However, the most likely near-term scenario is continued consolidation within this range. A break below $65.39 could trigger another leg lower, while a sustained move above resistance would be needed to improve the technical outlook and attract fresh buying interest. For Solana to embark on a sustained rally, the macroeconomic conditions in the market need to improve. The post Will Solana end its losing streak and defend the $65 support level? appeared first on Invezz

4 Jun 2026, 11:35

Upbit to Temporarily Halt MANTRA Deposits and Withdrawals for Network Upgrade

BitcoinWorld Upbit to Temporarily Halt MANTRA Deposits and Withdrawals for Network Upgrade Upbit, one of the largest cryptocurrency exchanges by trading volume, has announced a temporary suspension of deposits and withdrawals for MANTRA (MANTRA) beginning at 12:00 a.m. UTC on June 9. The move is part of a scheduled network upgrade designed to improve the blockchain’s performance and functionality. Suspension Details and Timeline The suspension will take effect at midnight UTC on June 9, affecting all MANTRA deposit and withdrawal services on the platform. Upbit has not yet specified an exact end time for the halt, stating that services will resume once the network upgrade is completed and stability is confirmed. Users are advised to monitor Upbit’s official announcements for further updates. Why This Matters for MANTRA Holders Network upgrades are routine but critical events for blockchain projects. They often introduce new features, security enhancements, or protocol changes that require temporary pauses in transaction processing. For MANTRA holders and traders on Upbit, this suspension means they will be unable to move tokens in or out of the exchange during the upgrade window. Those planning to trade or transfer MANTRA should make arrangements before the cutoff time. Impact on Trading Activity While deposits and withdrawals are suspended, spot trading pairs involving MANTRA on Upbit are expected to remain active unless otherwise stated. However, traders should be aware that price volatility can increase around network upgrades due to reduced liquidity and uncertainty. It is advisable to review positions and set appropriate risk management strategies ahead of the suspension. Background on MANTRA MANTRA is a blockchain platform focused on real-world asset tokenization and decentralized finance (DeFi) applications. The project has been actively developing its network infrastructure to support broader adoption. This upgrade aligns with its roadmap to enhance scalability and user experience. Upbit, headquartered in South Korea, is a major gateway for Asian crypto investors and often lists tokens that see significant retail interest. Conclusion The temporary suspension of MANTRA deposits and withdrawals on Upbit is a standard operational measure to support a network upgrade. While it may cause short-term inconvenience for some users, such upgrades are essential for long-term network health and capability. Traders and holders should plan accordingly and stay tuned for resumption announcements from both Upbit and the MANTRA team. FAQs Q1: When exactly does the MANTRA suspension start on Upbit? The suspension begins at 12:00 a.m. UTC on June 9. Deposits and withdrawals will be halted from that time until the network upgrade is complete. Q2: Will MANTRA trading still be available during the suspension? Spot trading pairs involving MANTRA are expected to remain active unless Upbit announces otherwise. However, users cannot deposit or withdraw MANTRA during the halt. Q3: How will I know when deposits and withdrawals resume? Upbit will issue a separate announcement once the network upgrade is completed and the system is deemed stable. Users should monitor Upbit’s official notice board for updates. This post Upbit to Temporarily Halt MANTRA Deposits and Withdrawals for Network Upgrade first appeared on BitcoinWorld .