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SOIL has positioned itself to become the first application to use XRP Ledger's proposed native lending infrastructure as the network considers activating the XLS-65 and XLS-66 amendments.

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Ripples XRP continued its downward trend on June 23, falling 3.8% to trade at $1.09 despite a major regulatory milestone that strengthens the companys position in Europe. The decline highlights the broader weakness across the cryptocurrency market, with investors remaining cautious even after Ripple secured a Crypto Asset Service Provider (CASP) license in Luxembourg.

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Ripple has successfully cleared a major milestone for the future of decentralized finance (DeFi) on the XRP Ledger (XRPL) after leading blockchain security company Halborn completed a comprehensive re-audit of the XRPL Lending Protocol. The review confirmed that all previously identified findings were either resolved, acknowledged, or strategically accepted by Ripples engineering team, strengthening confidence in the protocols security ahead of broader adoption.

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The Ethereum Foundation (EF) will reduce its annual budget by approximately 40% as it transitions toward a more sustainable, endowment-style financial model, according to Ethereum co-founder Vitalik Buterin. The announcement comes amid significant organizational changes, including staff reductions and leadership departures.