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The Ethereum Foundation has released a comprehensive report outlining major areas where the network needs to improve in order to support wider global use. The newly published Trillion Dollar Security (1TS) report presents a roadmap aimed at strengthening Ethereum’s (ETH) infrastructure and safeguarding the vast value it holds. One of the main areas the report focuses on is the user experience. The Ethereum Foundation recognizes how complex the platform can be for everyday users. Tasks like managing digital wallets, safeguarding private keys, using decentralized apps , and signing transactions often feel too technical. To address this, they are pushing for better, simpler tools that make it easier for people to use Ethereum confidently and avoid costly mistakes. Also, Ethereum’s security depends on smart contracts as well as the infrastructure that supports them. This includes cloud services, connection points that link apps to the blockchain, and Layer 2 networks that help Ethereum handle more activity. Securing these parts is essential to keep the whole ecosystem reliable. The aspect of infrastructure and cloud security was also highlighted as a critical area. Ethereum relies on systems like cloud services, connection providers, and Layer 2 networks . Keeping these safe is key to the network’s security and reliability. Additionally, issues related to the consensus protocol, social layer, governance, and security were raised. The Foundation emphasizes the need to improve how incidents like security breaches or system failures are detected and managed. Enhanced monitoring and clearer response plans will enable users and organizations to address problems quickly and effectively. Moving forward, the Ethereum Foundation will be tackling main issues alongside the Ethereum community to deliver solutions. This first report is focused on identifying and mapping the problems and challenges that remain. The next step will be to choose the highest priority issues, identify solutions, and work with the ecosystem to address them. Mid-May saw the launch of the 1TS initiative, which is part of a three-part plan to strengthen Ethereum’s security and support its role in global finance. It focuses on identifying and addressing weaknesses and risks within Ethereum’s system. It also aims to better manage information across the Ethereum network to improve safety and efficiency. The report comes at a time of internal restructuring within the Foundation itself . On June 2, Ethereum made some changes to its research and development team. This included reducing staff and changing some leaders. Alongside these structural updates, Ethereum’s recent price action has caught the market’s eye. According to blockchain analytics firm Glassnode, the asset has broken out of a month-long trading range. During this period, investors accumulated roughly 1.3 million ETH between $2,700 and $2,740, with another 800,000 ETH bought near $2,760. At the time of reporting, Ethereum was priced at around $2,763. The market data platform suggests that if the support range holds, a climb towards $3,420 is technically possible. However, how quickly that level is reached may depend on investor activity in the $2,800 to $3,300 zone. In the last 48 hours, short-term trading instruments have also seen a spike in activity . Glassnode saw a sharp rise in short-term Ethereum options, showing people are preparing for risks or a price jump. Should improvements be made to simplify Ethereum and make it more user-friendly, it could lead to a rise in demand for ETH. Some analysts believe ETH could reach $3,000 soon.

The plane was headed to London's Gatwick airport with 242 people on board, Air India said, while police officers said it crashed in a civilian area near the airport

INDIA: AIR INDIA PLANE CRASHED IN AHMEDABAD IN A CIVILIAN AREA OUTSIDE AIRPORT - POLICE

Paypal CEO Alex Chriss announced today that PayPal plans to bring PYUSD, PayPal’s Stablecoin, into the Stellar network to provide fast and affordable cross-border payments and reach a large group of developers. According to the company press briefing, they are awaiting approval from the NYDFS. Paypal plans to upgrade its Stablecoin for real-world payments, commerce, and micro-financing by leveraging the Stellar network speed, low transactional costs, and ease of integration. Stellar has been designed for speed, low-cost payments, and real-world utility. Chris believes the blockchain technology firm will unlock an additional option to the already existing expansion in Ethereum and Solana. Paypal users will benefit from Stellar’s network infrastructure, which spans 170 countries and has multiple on and off ramps, digital wallets, and integration with local fiat currencies and banking systems. According to the company’s press release , this is ideal for PayPal’s goal of reaching a broader group of developers and opening more opportunities. The target audience is the emerging markets where traditional financial systems can be slow, expensive, or inaccessible. The partnership will also introduce the Payment Financing model ( PayFi ), enabling small and medium-sized businesses (SMBs) that face delayed receivables or prefunding requirements to access real-time working capital in loans directly in PYUSD to their Stellar wallets. Companies can use these funds to settle suppliers, manage inventory, and cover other expenses with the added advantage of instant settlement and transparency. Liquidity providers have been allowed to participate in the financing options and earn returns from real-world activities in addition to speculative trading. May Zabaneh, Vice President of PayPal’s Blockchain, Cryptocurrency, and Digital Currency Group, said stablecoins have long been viewed as crypto killer apps because they combine the power of blockchain with the stability of fiat currencies. He believes that working with Stellar will advance the use of this technology and provide benefits for all users in the key area of cross-border payments. Danelle Dixon, CEO of Stellar Development Foundation, reiterated that Stellar is the network for fast, low-cost, and trusted global payments at scale. He added that bringing PYUSD to over 170 countries would transform stablecoins into practical financial tools that millions of everyday users and merchants can use. He affirmed that the partnership aims to bring stable digital currency to small businesses and individuals in emerging markets all over the globe. Paypal has recently partnered with Gebuana Lhuillier (Philippines) and Yellow Card (Africa) to bypass banking systems, which have access to 3,500 and 25,000 touchpoints, respectively. Analysts believe these partnerships could push PayPal into a remittance choice by cutting fees up to 80% compared to competitors like Western Union and MoneyGram. PYUSD , however, faces challenges such as a crypto reputation for Scams, hacks, and market crashes, which may deter investor confidence. The NYDFS approval may delay the process, citing money laundering and consumer protection concerns. Stellar’s decentralized nature lacks the centralized control that banks and regulators prefer. Also, PYUSD holders on the exchange may face price volatility if redemption partners fail to buy back their tokens. PYUSD faces competition from Circle’s USDC, backed by Goldman Sachs, which already dominates stablecoin markets with $50 billion in circulation. Analysts say that with the pending approval from NYDFS, PYUSD may face a hard head start in competing with giants like USDC and USDT, which already have a competitive edge in the market. Jim Cramer, host of Mad Money on CNBC, said this is a high-risk, high-reward bet. If the NYFDS approves and SMEs flock to PayFi, PayPal stock could soar, but if it stumbles on regulation or adoption, it would render PYUSD a costly disaster. KEY Difference Wire helps crypto brands break through and dominate headlines fast

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