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Ripple CTO Unveils Behind-the-Scenes of New XRP Project
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Ripple CTO Unveils Behind-the-Scenes of New XRP Project

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David Schwartz, Ripple’s longtime chief technology officer, has been running a new experiment on the XRP Ledger, and over the weekend he decided to show what has been going on under the hood. 

This time the focus was far more practical: a hub server he has been running that could soon become part of XRPL’s production infrastructure.

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The update came with several charts — bandwidth, latency, peer counts, even disconnection rates — all pointing to a network holding good over a full day of monitoring. There was a single bump in latency, something Schwartz noted only affected a few weaker links, and a small data dropout that he dismissed as a monitoring glitch.

Here’s the past 24 hours. All good. There is one spike in latency that only affected a few links that were already poor. The tiny drop in network b/w appears to be a monitoring dropout and doesn’t show on the switch port’s monitoring. I think we’re nearly production ready. pic.twitter.com/1GNCqF8EBc

— David ‘JoelKatz’ Schwartz (@JoelKatz) August 17, 2025

Everything else looked clean enough for him to suggest that the system is “nearly production ready,” words that carry some weight given XRPL’s history of uptime and stability.

What is it for?

For Schwartz, the server is designed to help important XRP Ledger nodes stay more reliably connected, making the network less prone to sudden drops or sync issues. Yes, it had been some time since he last handled live infrastructure, but the work was both fun and useful, he says.

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For a blockchain that has been running since 2012, reliability may not sound like the most exciting breakthrough, but it matters. The closer the ledger gets to enterprise and payments use cases, the more every connection counts, and adding a layer that quietly strengthens the backbone could end up being more important than headline-grabbing features. 

Schwartz’s update does not announce a launch date, but the takeaway is simple: the groundwork for XRPL’s next phase is already being tested.





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Dogecoin Director Issues RadioDoge Project Details: What's Next for DOGE?
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Dogecoin Director Issues RadioDoge Project Details: What’s Next for DOGE?

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Dogecoin Foundation director, Timothy Stebbing, has revealed his vision for RadioDoge, a Dogecoin grassroots project committed to improving financial inclusion for unbanked individuals.

The technology uses long-distance RF technologies like LoRa and VaraHF to enable dependable and durable data transfer in remote areas, eliminating the requirement for traditional internet access to reach the Dogecoin blockchain.

RadioDoge also utilizes the Starlink network. In a tweet on X, Stebbing revealed his musings about RadioDoge. He highlighted a vision of having a RadioDoge base station coverage of 500kms for ground based HF and lorawan, which would be about 150 base stations to cover Africa’s 30.3 million square kms.

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“Assuming RadioDoge base station coverage of 500KMs for ground based HF + lorawan, that’s about ~150 base stations to cover Africa’s 30.3 million square KMs (with overlaps). Using this new $5/month 500kb/s starlink for backhaul we could provide Dogecoin coverage to all of continental Africa for about $750/month,” Stebbing wrote.

Assuming RadioDoge base station coverage of 500KMs for ground based HF + lorawan, that’s about ~150 base stations to cover Africa’s 30.3 million square KMs (with overlaps)..

Using this new $5/month 500kb/s starlink for backhaul we could provide Dogecoin coverage to all of… https://t.co/7fQAGxl15Y

— Timothy Stebbing (@tjstebbing) August 17, 2025

Stebbing added: “That’s providing a means of exchange to all of Africa without access to internet for under 1k/month. no more middle-men ripping off farmers because they can’t access banking. Literally life changing if someone could commercialize this stuff.”

Dogecoin news

On April 22, 2022, the first-ever DOGE transaction was successfully transmitted via radio using the Radio Doge protocol. The global Starlink satellite network helped to make this historic feat possible.

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Grayscale is moving forward with its proposal to launch and trade an exchange-traded fund that trades Dogecoin under the ticker code “GDOG,” according to a recent filing.

In a registration statement filed on Friday, Grayscale announced that the Grayscale Dogecoin Trust will be renamed Grayscale Dogecoin Trust ETF.





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ASIC Appoints Panel to Probe ASX Following Failed Blockchain Project

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In brief

  • Australia’s corporate regulator has appointed a three-member expert panel to investigate the ASX.
  • The inquiry comes after the exchange scrapped its seven-year, $163.1 million blockchain project to replace its CHESS clearing system.
  • The panel, led by veteran banker Rob Whitfield, has to deliver its findings to ASIC by March 31, next year.

Australia’s corporate regulator has assembled a heavyweight panel of financial experts to examine the internal operations of the Australian Securities Exchange following a string of failures, including a disastrous $250 million (US$163.1 million) blockchain project that collapsed after seven years of development.

The Australian Securities and Investments Commission (ASIC) announced on Wednesday that it has appointed three panel members to conduct its inquiry into the ASX Group, focusing on governance, capability, and risk management frameworks within the nation’s primary stock exchange.

The panel will investigate core organizational and cultural drivers that contributed to recent compliance incidents, assess whether ASX has adequate capabilities for stable market infrastructure, and examine the group’s financial objectives and accountability frameworks, as per the inquiry’s terms of reference.

Rob Whitfield, former Westpac Banking Corporation CEO of Institutional Banking and current Commonwealth Bank director, will chair the panel. 

He brings three decades of banking experience and was awarded the Order of Australia in 2020 for his service to banking and public administration.

Joining Whitfield are Christine Holman, a non-executive director of AGL Ltd and Collins Foods Ltd with 35 years of experience across media, property, and technology sectors, and Guy Debelle, former Reserve Bank of Australia Deputy Governor and current chair of FundsSA.

Failing off-chain

The inquiry follows ASX’s failed blockchain-based CHESS replacement project, which began in 2016 as an ambitious attempt to modernize the exchange’s 25-year-old clearing and settlement system using distributed ledger technology.

After seven years of development delays and cost overruns, ASX shelved the project in November 2022 following a damning independent audit by Accenture that identified “significant challenges with the solution designs.” As a result, the exchange wrote off US$170 million in pre-tax losses.

By May 2023, ASX had officially abandoned blockchain technology entirely.

Project director Tim Whiteley confirmed at the time the exchange would “need to use a more conventional technology than in the original solution in order to achieve the business outcomes.”

The project’s collapse has since triggered legal action, with ASIC suing the ASX last August for alleged misleading statements about the project’s progress. 

The ASX had already paid a $1,050,000 penalty (approximately US$684,000) last March for separate compliance issues related to market integrity rules.

Kadan Stadelmann, Chief Technology Officer at Komodo Platform, said that ASX’s failures have “dented investor trust” and highlight the risks associated with over-promising on enterprise blockchain initiatives.



“The exchange has experienced several outages and failed to deliver on a promised blockchain project,” Stadelmann told Decrypt. “Without competition, the ASX has become bloated and ineffective.”

The panel has to deliver recommendations to address any identified shortcomings by March 31, 2026, with ASIC set to publish the report to guide potential regulatory action against the ASX.

The regulator and the exchange did not immediately respond to Decrypt’s request for comment.

Edited by Sebastian Sinclair

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ASX probe into $164m project failure deepens, Australian regulators assemble panel of experts: report
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ASX probe into $164m project failure deepens, Australian regulators assemble panel of experts: report

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Australian Securities and Investments Commission appoints former central bank deputy governor to a three-member expert panel to investigate the ASX’s failed blockchain project worth over $160 million.

According to a recent report by Reuters, one of the members of the three-member expert panel is former central bank deputy governor Guy Debelle. The panel is tasked to investigate the Australian Securities Exchange’s failed blockchain project that was worth approximately $163.1 million.

Aside from Debelle, ASIC also appointed non-executive director of the Commonwealth Bank Rob Whitfield as panel chair. On the other hand, non-executive director of Australian firms AGL and Collins Foods, Christine Holman, will be joining the panel as a member.

According to ASIC, the inquiry panel will be asked to provide recommendations and identify any shortcomings or insufficiencies within the ASX management. These could include deficiencies in its governance, capability and risk management that could have led to the blockchain project failing.

Moreover, the panel is also expected to submit a report to the ASIC by March 31, 2026. The report should consist of the team’s findings and recommendations for further steps that regulators must take regarding the investigation.

In an emailed response to Reuters, ASX said that it would welcome the regulator’s announcement and vowed to engage “constructively” with the panel members throughout the investigation.

What was the failed ASX blockchain project?

ASX first began the project to revamp its current trading platform , which is known as the Clearing House Electronic Subregister System or CHESS, by incorporating back in 2015. Under the leadership of then-CEO Elmer Funke Kupper, ASX signed on New York-based startup Digital Asset Holdings to begin working on the blockchain-centered project.

However overtime, people involved in the project started pointing out concerns that digital assets at the time still lacked market support and that ASX had enlisted the help of the New York startup without properly testing the product’s scalability.

It wasn’t until November 2024 when the ASX decided to abandon the project entirely, stating “citing dysfunctional management, concerns about the product’s complexity and scalability, and difficulty finding experts to support it” as the reason behind the axing. The project was estimated to cost around 245 million AUD to $255 million AUD (around $164 million to $171 million).

According to Reuters, the project’s failure had fractured public trust in the stock exchange as more than a dozen brokers and other market participants and people directly involved in the blockchain project criticized it.



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ADA Falls on Spread of War Concerns Despite Ford Advising on Cardano-Based Project

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Cardano (ADA)

is trading at $0.5478, down 6.45% over the past 24 hours, after a sharp correction fueled by market anxiety surrounding escalating geopolitical conflict in the Middle East. The token fell from a high of $0.586 to a low of $0.5464, with the steepest drop occurring during the 21:00 hour when ADA fell 3.2% on 126 million volume, according to CoinDesk Research’s technical analysis model. 24-hour trading volume climbed to 37.37% above its 30-day average.

Despite this volatility, Cardano continues to attract long-term interest. Nearly $1 billion worth of ADA has been withdrawn from centralized exchanges in 2024, and over 310 million tokens have been accumulated by large holders in June alone.

Institutional interest in the Cardano ecosystem was also underscored this week by the launch of a new proof-of-concept initiative involving decentralized storage platform Iagon, legal tech firm Cloud Court, and Ford Motor Company. The pilot project aims to test the viability of combining Cardano’s blockchain infrastructure with Iagon’s decentralized cloud storage to support secure legal data management systems.

Ford is contributing to the project in an advisory role, drawing on its internal experience managing large-scale legal data operations. The initiative is designed to explore how a hybrid architecture—where sensitive legal documents are encrypted and stored off-chain, and access logs and verification are handled on-chain—might address long-standing issues like fragmented records, inefficient collaboration, and lack of auditability. The project also reflects Cardano’s expanding presence in enterprise environments, with potential applications extending to sectors such as healthcare, finance, and public administration.

Technical Analysis Highlights

  • ADA declined 7.0% from $0.586 to $0.545 during the analysis window, forming a $0.041 range.
  • The steepest intraday move occurred during the analysis window, marked by a 3.2% hourly decline and elevated volume.
  • A high-volume resistance level formed at $0.569, while support was tested at $0.545.
  • Recovery attempts during the 23:00 and 00:00 hours failed to break resistance, despite volume exceeding 60 million ADA.
  • A descending channel with lower highs and lower lows confirmed the bearish structure.
  • Between 06:05 and 06:38, price entered a bullish channel with a sequence of higher lows and higher highs.
  • Resistance emerged at $0.558, and a support zone developed around $0.554.
  • Volume peaked at 2.3 million ADA during the 06:16 candle, supporting a temporary upward move.
  • A modest pullback from $0.558 to $0.556 followed, representing typical post-rally consolidation.
  • Volume declined during the pullback, suggesting weakening selling momentum.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Trump Family Reduces Stake in Crypto Project World Liberty

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In brief

  • DT Marks DEFI LLC, tied to the Trump family, reduced its stake in World Liberty Financial from 60% to approximately 40%.
  • The change comes amid growing political scrutiny and a Senate investigation into Trump’s crypto ties.
  • U.S. President Donald Trump has benefited politically and financially from his crypto involvement.

The Trump family has quietly reduced its majority stake in World Liberty Financial, according to an update to the company’s legal disclosure section, signaling a potential shift in the Trump involvement in the controversial DeFi project as it faces growing scrutiny from Democratic lawmakers.

First reported by Forbes, DT Marks DEFI LLC—a business entity linked to Donald Trump and certain family members—recently cut its ownership share in the company from 60% to about 40%.

“DT Marks DEFI LLC, an entity affiliated with Donald J. Trump and certain of his family members, owns approximately 40% of the equity interests in WLF Holdco LLC,” the disclosure reads.

WLF Holdco LLC is the sole owner of World Liberty Financial, Inc., the Delaware corporation developing the WLF protocol and governance platform. As recently as March 2025, DT Marks DEFI LLC was listed as holding a 60% stake in WLF Holdco. The 20% reduction in equity is likely the result of a private sale or internal restructuring, though no formal explanation has been provided.

World Liberty Financial did not immediately respond to Decrypt’s request for comment.



Introduced in September 2024, World Liberty Financial is a decentralized finance (DeFi) protocol and cryptocurrency company. Since its inception, the company and brand have been tied to the Trump family.

While the disclosure notes that Trump, his relatives, and employees of the Trump Organization do not serve as officers or directors of the firm or its parent company, it confirms that DT Marks DEFI LLC and “certain Trump family members” collectively hold 22.5 billion WLFI tokens. The entity also receives 75% of the token sale proceeds after expenses. In June, Trump reportedly earned $57 million from the sale of World Liberty Financial tokens.

The timing of the ownership change coincides with regulators intensifying scrutiny of World Liberty Financial. The U.S. Congress is currently considering the GENIUS Act, which would establish the first federal regulatory framework for the issuance and use of stablecoins. The Senate passed the bill earlier this week, and Trump has urged the House of Representatives to follow suit quickly.

At the center of the debate is the company’s stablecoin, USD1, which debuted in March on the Ethereum and BNB Chain networks.

In May, Sen. Richard Blumenthal (D-CT) started an investigation into World Financial Liberty and its ties to the President.

“WLFI’s refusal to answer even the most basic questions about President Trump’s financial entanglements with the company raises serious concerns,” the senator said at the time. “And I will continue demanding transparency for the American people.”

Edited by James Rubin

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How Will Bitcoin Defend Against Quantum Computing? This Project Just Raised $6M

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In brief

  • Project 11 has raised $6 million to protect Bitcoin’s network from quantum computing.
  • Quantum computing is a new type of technology which has not yet been released.
  • Still, some in the crypto space worry that it will one day be able to break Bitcoin’s cryptography.

A startup has raised $6 million in a seed round to protect Bitcoin from quantum computing. 

Project 11, which focuses on quantum computing’s hypothetical threat to the leading crypto network, announced the raise Thursday, which was co-led by Variant and Quantonation, and included participation from venture capital firms Castle Island Ventures, Nebular, and Formation. 

The firm said that quantum computing is a threat to Bitcoin so “every wallet, every account holder, every smart contract key—all of it—must upgrade to new, quantum-safe cryptography.”

“A cryptographically relevant quantum computer will break the foundational security assumptions of Bitcoin and nearly every digital asset,” Project 11 said in a statement.

“With rapid progress from companies like IBM and Google, that future is no longer hypothetical. It’s coming fast and there isn’t long to prepare.”

Quantum computing is a new type of technology that uses quantum physics to process far larger amounts of information than classical machines.

Such computers aren’t available to the public yet and top tech companies like Google and IBM are working on developing them. 

But some in the crypto space have raised concerns that as tech giants make bigger strides to releasing a quantum computer, Bitcoin’s cryptography could be cracked. 

The Bitcoin network is currently the world’s most secure computing network—and has never been hacked. 

In order to crack the network’s cryptography, a bad actor would have to take control of more than 50% of the Bitcoin network, which would require a huge amount of computing power. 



Hardcore Bitcoiners like Strategy co-founder and chairman Michael Saylor have shrugged off concerns about quantum computing, saying that when such a threat exists, other computing networks—used by the likes of banking giants or the U.S. military—will face a bigger risk. 

“I don’t worry about it,” he said. “Microsoft and Google market their quantum projects, but they would never sell a quantum computer that cracked cryptography, because it would destroy their own companies.”

Bitcoin was recently trading at about $104,250, roughly flat over the past 24 hours. 

Edited by James Rubin

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Adobe Project Indigo is a new photo app from former Pixel camera engineers
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Adobe Project Indigo is a new photo app from former Pixel camera engineers

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Adobe launched its own take on how smartphone cameras should work this week with Project Indigo, a new iPhone camera app from some of the team behind the Pixel camera. The project combines the computational photography techniques that engineers Marc Levoy and Florian Kainz popularized at Google, with pro controls and new AI-powered features.

In their announcement of the new app, Levoy and Kainz style Project Indigo as the better answer to typical smartphone camera complaints of limited controls and over-processing. Rather than using aggressive tone mapping and sharpening, Project Indigo is supposed to use “only mild tone mapping, boosting of color saturation, and sharpening.” That’s intentionally not the same as the “zero-processing” approach some third-party apps are taking. “Based on our conversations with photographers, what they really want is not zero-process but a more natural look — more like what an SLR might produce,” Levoy and Kainz write.

Adobe

The new app also has fully manual controls, “and the highest image quality that computational photography can provide,” whether you want a JPEG or a RAW file at the end. Project Indigo achieves that by dramatically under-exposing the shots it combines together, and relying on a larger number of shots to combine — up to 32 frames, according to Levoy and Kainz. The app also includes some of Adobe’s more experimental photo features, like “Remove Reflections,” which uses AI to eliminate reflections from photos.

Levoy left Google in 2020, and joined Adobe a few months later to form a team with the express goal of building a “universal camera app”. Based on his LinkedIn, Kainz joined Adobe that same year. At Google, Kainz and Levoy were often credited with popularizing the concept of computational photography, where camera apps rely more on software than hardware to produce quality smartphone photos. Google’s success in that arena kicked off a camera arms race that’s raised the bar everywhere, but also led to some pretty over-the-top photos. Project Indigo is a bit of a corrective, and also an interesting test whether a third-party app that might produce better photos is enough to beat the default.

Project Indigo is available to download for free now, and runs on either the iPhone 12 Pro and up, or the iPhone 14 and up. An Android version of the app is coming at some point in the future.

If you buy something through a link in this article, we may earn commission.



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Ford Joins Cardano-Based Project: Details
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Ford Joins Cardano-Based Project: Details

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Cardano-based decentralized cloud service Iagon has announced that legendary car manufacturer Ford will act as an advisor for the project that aims to tackle issues that are associated with handling documents. 

Large corporations of the likes of Ford produce large volumes of sensitive legal data that includes depositions, court records, and so on. However, such data tends to be scattered across different systems and teams. It is challenging to actually use that data due to inefficient management. Moreover, it tends to be vulnerable to potential security breaches. 

In collaboration with software company CloudCourt, Iagon is developing a proof of concept (POC) that could solve the aforementioned issues by allowing companies to manage data in a secure and efficient way. 

The Cardano-based project would combine Iagaon’s decentralized cloud storage and CloudCourt’s AI-based legal tools for processing and analyzing transcripts. 

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Ford will provide some advisory input based on its expertise as a Fortune 500 company with a big legal department. The car manufacturer will assess the efficiency and the feasibility of Cardano-powered data storage and audit trails. The blockchain-based project will be compared to traditional solutions. 

Iagon has stressed that Ford’s participation in the project shows that blockchain is now gaining traction beyond just finance. 

This is not Ford’s first foray into blockchain. In 2019, the prominent car manufacturer also partnered with IMB, LG Chem, and some other companies to use the technology to ensure ethical cobalt mining practices. It was also the founder of the MOBI blockchain initiative that was established together with BWM, Renault, and General Motors back in 2018.

In September 2022, the company filed a slew of metaverse-linked trademarks.  



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ALEX Protocol
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Bitcoin DeFi Project ALEX Protocol Targeted In $8.3M Exploit

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin decentralized finance (DeFi) platform ALEX Protocol has recently suffered an attack, losing $8.3 million in user funds. This represents the second exploit of the Stacks-based project in just over a year following a previous heist by the notorious North Korean Lazarus hackers group from North Korea.

ALEX Protocol Falls Victim To Self-Listing Verification Flaw

In an X post on June 6, the development team behind the ALEX Protocol announced the DeFi project experienced an exploit due to a vulnerability in its self-listing verification logic i.e. a security mechanism meant to prevent unauthorized asset listings. A failure is this security system could potentially allow bad actors to introduce malicious, unauthorized or fake assets to the ALEX protocol which can be exchanged for legitimate assets.

By slipping past the self-verification logic, hackers were able to drain several asset pools making away with 8,403,867.57 Stacks (STX), valued at $5,691,255.93, 21.85 sBTC ($2,244,751.87), 149,850 USDC/USDT ($149,850), and 2.80 WBTC ($287,369.33) leading to a total haul of $8,373,227.13.

ALEX Protocol Announces Compensation Plan

Following this recent cyber attack, the developers behind ALEX Protocol has pledged to cover all user losses using the ALEX Lab Foundation Treasury. All compensation will be paid in USDC and based on the average on-chain exchange value of the stolen assets at the time of the exploit between 10:00 UTC – 14:00 UTC on June 6,2025.

By 23:59 UTC on June 8, all affected wallets should have received a private on-chain notification alongside a claim form. The claimants are expected to fill the form which should include a receiving wallet address before proceeding to submit ahead of the deadline on June 10 by 23:59 UTC.

The ALEX Protocol management team further states that all affected wallets should expect a full compensation within seven days after the submitted form is verified. It is worth stating that all victims with questions or those who fail to receive notification email before specified deadline are advised to reach out via the email stated in the announcement.

The ALEX Protocol is built on the Bitcoin network using the Stacks blockchain. It is a popular DeFi platform offering a range of services, including lending, borrowing, and trading. Additionally, ALEX supports cross-chain bridges, enabling users to transfer assets seamlessly from other networks such as Ethereum and BNB Smart Chain.

As earlier stated, the DeFi project had suffered a previous exploit in May 2024 when the Lazarus group withdrew $4.5 million through the platform’s bridge on the BNB Smart Chain Network. 

BTC trading at $105,593 on the daily chart | Source: BTCUSDT chart on Tradingview.com

Featured image from iStock, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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