The hottest Ethereum topic in June so far has been mysterious transactions that involved millions of dollars being paid to transfer small-to-medium amounts of Ether (ETH) — an activity which normally doesn’t cost more than a few dozen cents.

Researchers have managed to track down the potential victim — a suspicious South Korean crypto exchange — which either experienced a major bug or was threatened by hackers in a very sophisticated way. So what are the main theories behind what happened, and will these millions of dollars be returned to their owner after all?

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Ethereum (ETH) miners are currently voting to expand the block gas limit from 10,000,000 to 12,500,000 gas, according to a recent tweet from Bitfly, the parent company of Ethermine pool.

What is gas and the gas limit?
Gas is a unit that measures the amount of computational effort required to send a transaction or perform other actions on the Ethereum blockchain. It is denominated in Gwei, or extremely small fractions of ETH.

Block gas limit, in turn, is the threshold of gas that can be spent on the transactions featured within one block.

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Bitcoin (BTC), the biggest cryptocurrency by market capitalization, is trading at $9,375, representing a 0.2% loss in value in the last 24 hours and the same for today’s session.

The wider crypto market is generally following Bitcoin, with Ethereum’s Ether (ETH) down around 0.27% and XRP underperforming but still relatively flat and down less than 1% at $0.19. Meanwhile, Bitcoin dominance remains flat at 65% after a strong couple of weeks by the alts.

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Bitcoin and Lightning Network project developer, John Cantrell, explained how he was able to successfully hack a BTC address by checking around a trillion seed combinations over the course of 30 hours. The feat was accomplished as part of a contest launched on Twitter by Alistair Milne — the CIO of the Atlanta Digital Currency Fund.

Milne published hints to a 12-word Bitcoin wallet seed over the course of several days. Cantrell succeeded in brute forcing the mnemonic with only 8 out of the 12 words, ultimately claiming the 1 BTC prize contained inside.

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Cryptocurrency derivatives trading platform Delta Exchange has today launched options trading for two major altcoins, Binance Coin (BNB) and Chainlink’s LINK.

In an announcement on June 19, the exchange indicated it would be following the launch of its options for BNB and LINK with similar contracts for Tezos (XTZ), Atomic Coin (ATOM), XRP and Litecoin (LTC).

Delta’s CEO Pankaj Balani told Cointelegraph that BNB and LINK are two of the most active coins on the exchange and that the launch of the new contracts was in response to “a lot of inbound interest from traders.”

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French fintech firm ID Distribution announced a joint venture with local real estate firm Groupe JRI, amining to tokenize various properties in Paris.

According to a June 17 announcement, ID Distribution and Groupe JRI plan to jointly issue security tokens and a Frankfurt listed bond to acquire buildings in downtown Paris. The total amount of funds to be spent, 70 million euros (about $78.5 million) will be allocated to acquire five buildings which will be then leased.

The use of security tokens is meant to strengthen the capital more so than could be achieved with traditional debt instruments. Furthermore, ID Distribution and Groupe JRI’s security tokens will feature a 6.5% yield. Tokens will be issued on a private blockchain through tokenization platform wezee.io.

ID Distribution’s CFO Christophe Kourdouly told Cointelegraph that the main advantage of tokenized securities is that they are not debt or equity diluting as opposed to traditional tools. Instead, he said that digital assets such as those “reinforce the company’s balance sheet.”

Kourdouly also noted that cryptocurrencies cannot be accepted as a means of payment for the firm’s security tokens because of compliance issues. He said that getting the security token offering approved was easy for the company, since it already has a bond listed in Frankfurt that complies with regulations.

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The Bank of Thailand announced that it plans to develop a prototype to test real-life business use cases of its central bank digital currency (CBDC).

The bank said in its official statement that before it launches the CBDC payment system for all businesses, it plans to test it with large-scale enterprises.

They have partnered with the largest cement and building material provider in Thailand, Siam Cement Group (SCG), and Thailand-based fintech firm Digital Ventures Company Limited to pilot test their payment prototype system.

The project is scheduled to start in July 2020 and the pilot test with SCG is expected to conclude by the end of this year. With CBDC payments, the bank aims for a more efficient payment system with increased flexibility for fund transfers and faster payment settlement between suppliers.

Following the pilot, the Bank of Thailand will assess the system’s feasibility and a way to easily integrate CBDC payments on other business platforms.

The bank said it will build the CBDC payment prototype based on the experience of Project Intathon — a collaborative wholesale CBDC payments project conducted by the Bank of Thailand and eight other financial institutions that was completed in January.

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