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Crypto

Former Ripple CTO points to XRPL weaknesses as overload disrupts log collection

A slowdown in transaction processing on the XRP Ledger (XRPL) prompted a review of the protocol’s structure and revealed weak points, Ripple’s former chief technology officer David Schwartz said. He said the network faces two scenarios that could cripple it: widespread validator server failures or a breakdown of the consensus process or core protocol functions. Monitoring systems failed to record diagnostic data during the incident, forcing a server reboot without a confirmed cause.

Industry

Samsung Electronics to launch agent-type Galaxy Buds On

Samsung Electronics is preparing to launch Galaxy Buds On, clip-on wireless earbuds designed to work as an AI agent-linked device. The company says the earbuds do not block the ear and are built for long wear, with a shape-memory alloy band and sensors that automatically assign left and right. Paired with Galaxy AI-supported phones or tablets, users can launch Gemini Live by voice and use Bixby to search recorded memos. Head gestures support call pickup and alarm control, with some functions limited to One UI 9.0 or later.

Finance

Audit 2026: Lawmakers rap five big bank CEOs over hacking response, compensation and loan rates

Chief executives of South Korea\'s five biggest banks faced sharp questioning at a National Assembly audit over loan-rate calculations, personal data leaks and consumer protection. Lawmakers alleged banks offset cuts in add-on rates mandated by a legal revision by reducing preferential rates to raise interest income. KB Kookmin Bank and NH NongHyup Bank were pressed on rate adjustments. KB Kookmin also faced scrutiny over its initial response to a hacking incident, while lawmakers criticised unspent security budgets and compensation systems.