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2 Jun 2026, 12:50
Orbs rolls out Committee Sync MVP as V5 upgrade goes live on Ethereum and Arbitrum
Orbs , a decentralized Layer 3 blockchain infrastructure focused on advanced on-chain trading, has announced a major milestone in the development of Orbs V5 with the launch of its Committee Sync MVP on Ethereum and Arbitrum . The upgrade is designed to improve how decentralized trading execution is verified across chains while reducing infrastructure overhead and expanding validator participation. Since the release of V4, Orbs says its infrastructure has processed more than $14 billion in trading volume across more than 30 DEX integrations on over 10 blockchain networks, generating more than $3.2 million in protocol revenue. The network powers trading protocols, including dTWAP, dLIMIT, Liquidity Hub, Perpetual Hub, dSLTP, and Orbs Agentic. Since V4, Orbs has processed $14B+ in volume across 30+ DEX integrations and generated $3.2M+ in protocol revenue V5 introduces Committee Sync, making the execution layer that powers on-chain trading more decentralized, chain agnostic, and efficient https://t.co/nH7fiFTF47 pic.twitter.com/6DzA9A8ZqB — Orbs (@orbs_network) June 2, 2026 How Committee Sync works The new V5 architecture introduces Committee Sync, a mechanism that propagates authoritative Layer-3 committee state across EVM-compatible chains using collected Guardian signatures. The approach reduces the costs and fragmentation associated with per-chain verification systems while avoiding the custody risks associated with bridges. No user funds pass through the protocol during synchronization; only signed state data is propagated across chains, removing the need for centralized custody or liquidity lockups. The mechanism allows Orbs executors running trading logic off-chain to generate signed actions that are verified by the Orbs Guardian network and propagated to destination chains. Smart contracts on supported networks can then verify those actions locally using Guardian signatures and registry rules enforced on-chain. “V5 is the next step in our mission, which we have focused on for years. It allows fast, reliable, and secure on-chain trading,” said Ran Hammer, VP of Business Development at Orbs. “With new products like Orbs Agentic expanding what’s possible for automated trading in DeFi, we’re improving the execution layer beneath our protocols. This change will make execution more decentralized, efficient, and scalable across chains.” Rollout timeline The first phase of the rollout is already operational on Ethereum and Arbitrum, with deployed smart contracts actively synchronizing committee state, propagating nonces, and verifying signatures on-chain through a dedicated subnet infrastructure. Future phases include expanded support for Base, Polygon, BNB Chain, Avalanche, Linea, Sonic, Berachain, and Monad, alongside subnet expansion, signature persistence, historical state replay functionality, and deployment of new Guardian node software. Orbs said all existing products will remain operational throughout the migration, with no expected disruption for users or ecosystem partners. The broader V5 rollout is expected to continue over the coming months. Featured image via Shutterstock. The post Orbs rolls out Committee Sync MVP as V5 upgrade goes live on Ethereum and Arbitrum appeared first on Finbold .
2 Jun 2026, 12:48
Kevin O’Leary reveals ‘the next big thing in crypto’
Kevin O’Leary declared that the next big crypto opportunity could be the blockchain that secures adoption by at least one S&P 500 company in each of the 11 sectors. In an X post on June 1, O’Leary stated that the next big thing in crypto is the blockchain that standardizes the real-world utility for the S&P 500 companies. As such, Mr Wonderful concluded that the crypto asset whose blockchain gets integrated with S&P 500 companies may experience parabolic growth. “So I think the next big thing in crypto is which of these chains is going to get at least one company in all 11 sectors of the S&P. Because the minute that occurs, you wanna go long that token,” O’Leary stated . Currently, the investor remains bullish on Bitcoin ( BTC ) and Ethereum ( ETH ) despite their significant drawdowns from their respective all-time highs (ATH). Furthermore, O’Leary believes that most of the crypto assets are ‘dead’, especially after the October 2025 capitulation event. Consequently, he argued that any blockchain that assists any S&P 500 company in managing inventory, providing logistics, and handling contracts could recover fast. Why are S&P 500 companies not using crypto yet? While the desire for S&P 500 companies to use blockchain to streamline their operations remains high, O’Leary said the legal issues remain a major headwind. Furthermore, the blockchain industry in the United States continues to operate in a grey area without the passage of the Clarity Act – a proposed federal regulation aimed at legalizing crypto assets. Additionally, O’Leary highlighted that major Wall Street firms continue to watch the Web3 space from the sidelines due to a lack of security standards. Moreover, most of the top blockchains have not yet implemented tested, reliable privacy-centric smart contracts that can help onboard S&P 500 companies at scale. As a result, major blockchains that introduce enhanced security standards amid the passage of the Clarity Act could be among the top of the list of the next big thing in crypto. The post Kevin O’Leary reveals ‘the next big thing in crypto’ appeared first on Finbold .
2 Jun 2026, 12:23
SWIFT highlights a new phase in global payments! What is the next move for Ripple and Stellar?
🚨 The SWIFT network is signaling a crucial shift by embracing digital asset integration! Ripple and Stellar stand out as the leading candidates in cross border payment innovation. 💡 Real time settlements and blockchain interoperability are at the heart of this global transformation for $XRP. Continue Reading: SWIFT highlights a new phase in global payments! What is the next move for Ripple and Stellar? The post SWIFT highlights a new phase in global payments! What is the next move for Ripple and Stellar? appeared first on COINTURK NEWS .
2 Jun 2026, 12:20
Orbs Rolls Out V5 Mainnet Upgrade With Committee Synchronization Feature
BitcoinWorld Orbs Rolls Out V5 Mainnet Upgrade With Committee Synchronization Feature Layer-3 blockchain Orbs (ORBS) has officially announced the rollout of its V5 mainnet upgrade, a technical update aimed at streamlining the network’s core operations. The upgrade introduces a new mechanism called committee synchronization, designed to improve how the blockchain communicates with external EVM-compatible chains. What the V5 Upgrade Introduces The centerpiece of the V5 upgrade is committee synchronization, a system that propagates the official state of the Orbs committee to connected EVM chains. This is achieved through the collected signatures of network guardians, effectively creating a verifiable bridge between the Orbs layer-3 infrastructure and other blockchain ecosystems. The upgrade is focused on making existing processes more efficient rather than adding entirely new functionality. Security Considerations and Risk Profile Orbs has emphasized a unique security characteristic of its network: the chain itself does not hold any total value locked (TVL) or user funds. According to the team, this design choice significantly reduces the attack surface for potential hackers or exploit attempts. While no system is entirely immune to risk, the absence of on-chain funds means that common DeFi attack vectors—such as flash loan exploits or smart contract drainage—are not applicable to the Orbs base layer. Why This Matters for Users and Developers For developers building on Orbs, the V5 upgrade promises more reliable and efficient communication between the layer-3 network and EVM chains like Ethereum. The committee synchronization feature could reduce latency and improve the accuracy of cross-chain data verification. For ORBS token holders, the upgrade reinforces the network’s technical roadmap without introducing new economic or security risks tied to fund custody. Conclusion The Orbs V5 mainnet upgrade represents a measured, technical improvement to an existing layer-3 infrastructure. By focusing on operational efficiency and leveraging its fundless design for inherent security, Orbs continues to differentiate itself in the competitive blockchain middleware space. The upgrade is now live, and the network’s guardians are expected to begin utilizing the new synchronization mechanism immediately. FAQs Q1: What is committee synchronization in the Orbs V5 upgrade? Committee synchronization is a new mechanism that uses guardian signatures to propagate the official state of the Orbs committee to EVM chains, improving cross-chain communication and data verification. Q2: Is the Orbs network safe from hacks after this upgrade? Orbs notes that its chain does not hold any TVL or user funds, which inherently reduces the risk of exploits common in DeFi protocols. However, no blockchain is completely immune to all types of attacks. Q3: When was the Orbs V5 mainnet upgrade released? The upgrade was announced and rolled out in the current news cycle. Specific block heights or activation times were not detailed in the announcement. This post Orbs Rolls Out V5 Mainnet Upgrade With Committee Synchronization Feature first appeared on BitcoinWorld .
2 Jun 2026, 11:51
MoneyGram launches MGUSD stablecoin on Stellar to power own network
MoneyGram, the popular global payment platform, has on Tuesday announced the launch of MGUSD, a stablecoin pegged to the U.S. dollar built on the Stellar blockchain. This new stablecoin product would make digital dollar available on its app initially for US customers, with plans to expand to its global 60 million users. The MGUSD token gives MoneyGram customers a wallet balance inside the company’s existing app, allowing the holding and transfer of USD through MoneyGram’s wide network of 500,000 retail locations worldwide. MoneyGram’s partners for MGUSD The newly launched stablecoin has been built with help from three major infrastructural partners. Bridge would be the MGUSD stablecoin’s issuer, a stablecoin platform Stripe acquired in February 2025. The smart contracts handling the minting of the stablecoin were written by M0, while Fireblocks provides the wallet layer in the MoneyGram app. “Starting with our distribution platform, we’re using stablecoin as a foundation to build future applications on our global network,” MoneyGram chairman and CEO Anthony Soohoo said in a statement . “MGUSD is the stablecoin we built for our customers, for the families sending money home and for the billions of people around the world with limited financial access.” MoneyGram picking Stellar as the blockchain of choice is also unsurprising, as the company has worked with the Stellar Development Foundation on stablecoin-powered remittance services for almost five years. Stellar Development Foundation CEO Denelle Dixon called the launch “the next milestone that demonstrates what purpose-built blockchain can deliver when paired with a trusted payments network.” More stablecoins, more products MoneyGram joins a widening group of payment companies and banks racing to wrap stablecoins into their existing products. SoFi recently unveiled its own stablecoin, SoFiUSD. PayPal and Western Union have both partnered with crypto infrastructure firms (Paxos and Anchorage Digital, respectively) to offer stablecoin services. This recent uptick makes a lot of logical sense. Blockchain-based digital dollar tokens help to cut costs and are settled at record-fast time, 24/7, compared to traditional banking. Citi has projected the stablecoin market could grow from roughly $300 billion today to $4 trillion by 2030. MoneyGram’s angle differs slightly from pure fintech plays. The company already operates one of the world’s largest physical cash-in, cash-out networks. Pairing that with a stablecoin could empower its users to move value digitally and still withdraw cash at a local agent, offering a feature that purely digital stablecoin products do not have access to. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
2 Jun 2026, 11:31
Major Ripple (XRP) Announcement Affecting Turkish Users: Details
Ripple inked strategic deals with three Turkey-based crypto platforms, aiming to boost adoption and usage of its stablecoin RLUSD. Additionally, the company picked Istanbul Technical University (ITU) as its latest partner in its global University Blockchain Research Initiative (UBRI). Expansion to Turkey The company behind the popular cryptocurrency XRP revealed that its USD-pegged stablecoin is now available to institutions in Turkey via partnerships with BiLira, Bitexen, and Bitlo. Jack McDonald (SVP of Stablecoins at Ripple) said the country sits “at the crossroads of traditional financial and digital economy” and has one of the highest rates of crypto adoption globally. “By providing a stable, USD-backed asset that is both transparent and fully regulated, we are empowering Turkish businesses to access global liquidity,” he added. Alphan Göğüş, CEO at Bitexen MENA, also spoke on the matter. He described the collaboration as “the first step in a broader rollout” across the Bitexen Global platform. “Supporting RLUSD aligns with our strategy to provide trusted, USD-denominated instruments within a compliant and scalable framework,” he said. For his part, Sinan Koç, Co-Founder of BiLira, argued that the stablecoin is “uniquely equipped” to accelerate blockchain adoption in the country. As a matter of fact, Turkey has already emerged as a dominant player in the crypto world, and according to a 2025 Chainalysis report, it facilitates roughly $200 billion in annual transaction volume, outpacing its rivals in the MENA region. Mustafa Aplay, CEO of Bitlo, said the partnership with Ripple offers the Turkish crypto ecosystem a direct, secure gateway to global financial markets. “By integrating a regulated, enterprise-grade stablecoin like RLUSD, we’re providing our customers with the highest standard of digital dollars for enterprise needs,” he concluded. Ripple’s stablecoin officially saw the light of day toward the end of 2024, and since then, it has experienced impressive advancement. Some heavyweights that have so far embraced it include crypto exchanges Binance and OKX, as well as America’s oldest bank, BNY Mellon. Its market capitalization has been rising lately and currently stands at around $1.81 billion, making RLUSD the 48th-largest digital asset. Another Partnership In addition to collaborating with BiLira, Bitexen, and Bitlo, Ripple also shook hands with Istanbul Technical University (ITU). The partnership, funded via RLUSD, will support advanced research initiatives and graduate fellowships while establishing an XRP Ledger (XRPL) validator directly on the Istanbul Technical University ITU campus. “By integrating academic research with hands-on decentralized infrastructure, Ripple and ITU are ensuring the next generation of Turkish researchers and students are at the forefront of blockchain innovation,” the official announcement reads. The post Major Ripple (XRP) Announcement Affecting Turkish Users: Details appeared first on CryptoPotato .
