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Crypto
XRP Ledger security upgrade goes live on mainnet, boosts DEX and lending stability
XRP Ledger (XRPL) activated its fixCleanup3_2_0 upgrade on the mainnet, reinforcing functions including single-asset vaults, lending protocols, permissioned decentralised exchanges and domains. A blockchain media outlet said the amendment took effect with support from 30 of 35 validators. The upgrade makes XRPL 3.2.0 the new minimum supported version. XRPScan warned nodes running version 3.1.0 or earlier could be blocked until they upgrade. Upbit began supporting deposits and withdrawals of XRPL-based RLUSD.
Industry
Honda posts over $9 billion loss on EVs, drops 2040 full electrification goal
Honda has shifted to a hybrid-focused strategy after recording more than $9 billion in losses linked to its electric-vehicle business. It booked 1.45 trillion yen in EV-related losses for the fiscal year ending March 2026 and abandoned its goal of phasing out gasoline vehicles by 2040. The company plans new hybrid models and changes North American production, including repurposing an Ohio EV hub and converting some battery lines at an LG Energy Solution joint venture.
Mobility
Sony, Honda to effectively wind down EV joint venture, reassign staff to parent companies
Sony Group and Honda will effectively halt their EV development joint venture, Sony Honda Mobility, after concluding it would be difficult to launch products and services in the near term under the current structure. Staff will be reassigned within the groups, reflecting employees’ preferences, while the company will be maintained. The move directly affects the Afeela EV brand, whose first model planned for 2026 has been halted, and development of a second model has also stopped.