Monat: Juni 2025

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Ledger to discontinue its Nano S hardware wallet model

  • Nano S devices already in use will still function, but future compatibility with apps and protocols is not guaranteed.
  • Ledger has advised all Nano S owners to ensure they have securely backed up their 24-word Secret Recovery Phrase.
  • The decision to discontinue the Nano S hardware wallet has been met with serious criticism.

In a move that has stirred debate across the crypto community, Ledger has announced it will discontinue its long-standing Nano S hardware wallet.

The announcement, made as part of Ledger’s Spring 2025 update, marks the end of an era for one of the most widely used crypto security devices launched in 2016.

Nano S has reached its technical limits

Ledger stated that the Nano S hardware has reached its technical limits, making it increasingly difficult to support modern blockchain applications and advanced security features.

According to the company, the device’s limited flash memory and RAM have become a major constraint in today’s evolving crypto environment.

The Nano S was originally equipped with a Secure Element chip (ST31H320) offering 320 KB of flash memory, which was sufficient at the time of release.

However, Ledger now says that memory is no longer enough to support features such as Clear Signing, Ledger Recover, NFT transfers, swaps through THORChain and Uniswap, or even multiple apps running simultaneously.

The company emphasised that while the Nano S is still usable, it will no longer receive firmware updates, security patches, or new app support.

Ledger wants Nano S users to upgrade

Ledger is urging its customers to transition to newer models such as the Nano S Plus, Nano X, Ledger Stax, or the recently introduced Ledger Flex.

The company maintains that upgraded devices come with more storage, enhanced usability, and compatibility with upcoming blockchain technologies.

Ledger also introduced the Ledger Recovery Key, a new offline tool for private key recovery that works without internet or cloud services.

This innovation allows users to store their keys securely on a smart card protected by a PIN and accessible via NFC, while avoiding the identity verification process that drew criticism for its predecessor, Ledger Recover.

Despite these additions, the transition away from Nano S has not been smooth in the eyes of many long-time users.

Backlash over the forced migration

Numerous crypto users have expressed disappointment and anger over what they describe as an abrupt and unnecessary discontinuation.

On platforms like X (formerly Twitter), users argue that the Nano S remains functional and accuse Ledger of pushing forced upgrades that compromise trust.

One user, @BAYC5511, called Ledger “absolutely worthless,” criticising the company for disregarding customers who bought Nano S devices during the 2021–2023 bull run.

Another user, @STRYED0R, pointed out that the memory limitations have always existed and are not a valid reason for ending support now.

These sentiments reflect a broader concern that Ledger is abandoning backward compatibility, thereby risking the trust it spent years building.

Ledger has defended its decision

In response to the backlash, Ledger has reiterated that the Nano S reached end-of-life status back in 2022, and this final phase-out was part of a long-communicated transition.

The company clarified that the Nano S Plus, which retains the same form factor but includes more memory and ongoing support, remains fully operational.

To ease the shift, Ledger is offering a 20% discount for users upgrading from the Nano S to a newer device.

Despite this gesture, many users have called for free replacements, claiming that security should not come at an extra cost for early adopters.

The post Ledger to discontinue its Nano S hardware wallet model appeared first on CoinJournal.

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Wormhole price jumps 12% amid Ripple’s XRPL integration

  • Wormhole (W) price rose 12% amid news of a Ripple partnership.
  • Ripple has integrated Wormhole’s cross-chain protocol with XRPL mainnet and EVM Sidechain to connect to 35+ blockchains.
  • Wormhole’s integration strengthens XRPL’s open, flexible infrastructure.

Wormhole’s native token, W, surged by more than 12% on Thursday as the market reacted to a major announcement for Ripple.

As of writing, W traded to highs of $0.068, reflecting overall enthusiasm as multiple altcoins rode market sentiment to record decent gains.

Ripple and Wormhole partner to bolster XRPL’s multichain interoperability

Ripple announced on June 26 that it was teaming up with Wormhole, a leading cross-chain interoperability protocol, to expand XRPL’s multichain capabilities.

The integration will see Ripple tap into Wormhole’s interoperability network to connect both the XRP Ledger mainnet and the XRPL EVM Sidechain to over 35 blockchain networks.

With the multichain capabilities, developers can transfer XRPL assets like XRP, Issued Assets (IOUs), and Multi-Purpose Tokens (MPTs) across the supported chains.

Developers will also be able to interact with smart contracts using cross-chain messaging, Ripple said in the blog post.

“By integrating Wormhole into the XRP Ledger, we’re helping unlock even greater potential spanning all major blockchains for one of the most established blockchain networks in enterprise finance—further advancing its role as a foundation for regulated, interoperable digital asset ecosystems,” Robinson Burkey, co-founder of Wormhole Foundation, said in a statement.

The partnership aligns with XRPL’s open architecture, which emphasizes flexibility and composability for developers and institutions building applications in DeFi, tokenized assets, and real-world assets (RWAs).

Ripple’s CTO, David Schwartz, emphasized the importance of interoperability for mass adoption, noting that this collaboration broadens XRPL’s reach while maintaining its reliability for institutional use cases.

“If you want real mass adoption, interoperability is essential. The infrastructure has to be there, not just on one chain, but across them. With this integration, tokens natively issued on the XRP Ledger are being set up for that reality by being able to move between blockchain networks while maintaining native issuance, and control,” Schwartz noted.

W price jumps 12% as market reacts to news

Following the announcement, Wormhole’s token experienced a notable surge.

Data on CoinMarketCap showed the W price was up more than 12% in the past 24 hours.

The W token’s price jumped from lows of $0.059 to $0.068 after Ripple, the company behind XRP and RLUSD, announced its integration of Wormhole to bring multichain interoperability to the XRP Ledger.

Upside momentum saw the daily volume for Wormhole spike a staggering 570% to over $187 million, with the market cap hitting $315 million.

This price movement highlights the market’s recognition of interoperability as a critical driver of blockchain adoption, with Wormhole positioned as a leading facilitator.

XRP, which traded above $2.02, did not react as much, with its price down 2.8% in the past 24 hours at the time of writing.

The post Wormhole price jumps 12% amid Ripple’s XRPL integration appeared first on CoinJournal.

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Judge rejects Ripple and SEC’s joint bid to conclude XRP lawsuit

  • A US federal judge has denied Ripple and the SEC’s joint request to end the XRP case.
  • Ripple must now appeal or accept the court’s partial ruling.
  • Legal uncertainty around XRP continues to affect market sentiment.

In a major legal setback for both Ripple Labs and the US Securities and Exchange Commission (SEC), a federal judge has denied their joint request to end the long-running XRP case.

The decision, which has reignited uncertainty around the crypto firm’s legal standing, leaves Ripple with only two clear options: either push forward with an appeal or voluntarily dismiss the case altogether.

Judge refuses to close the XRP case

US District Judge Analisa Torres rejected a joint motion by Ripple and the SEC to bring the XRP lawsuit to a close.

The two sides had hoped to wrap up the legal proceedings following an earlier judgment that partially favoured Ripple and introduced regulatory ambiguity for the broader crypto market.

However, Judge Torres made it clear that unresolved matters remain, particularly surrounding remedies in the SEC’s case against Ripple’s institutional sales of XRP.

The refusal means the case is far from over, despite the previous wins Ripple celebrated in court.

Ripple now faces a pivotal decision

Following the judge’s decision, Ripple’s Chief Legal Officer, Stuart Alderoty, stated that “the ball is now in our court,” confirming that the company must make a critical legal decision.

According to Alderoty, the crypto company can either pursue an appeal against the partial ruling or accept the outcome and proceed toward a settlement or dismissal.

Although Ripple has publicly maintained its belief in the strength of its case, this latest development forces the company to reassess its legal and strategic options carefully.

For now, Ripple has not disclosed which path it will choose, but market watchers are closely monitoring the company’s next move.

XRP’s regulatory cloud remains

The court’s decision underscores the lingering regulatory uncertainty surrounding XRP, even after Judge Torres ruled in 2023 that programmatic sales of the token did not constitute securities offerings.

That ruling had sparked optimism across the crypto industry, with some interpreting it as a precedent-setting win for digital assets.

However, by denying the joint motion to end the case, the court has made it clear that Ripple’s legal troubles are not entirely behind it.

The SEC is still pushing for penalties, including possible fines or other remedies related to Ripple’s earlier sales practices, which were deemed unregistered securities offerings.

Market now awaits Ripple’s next step

The judge’s refusal to close the case has introduced fresh uncertainty for XRP holders and the broader crypto market.

While Ripple previously appeared confident that the worst was over, this latest ruling indicates that significant legal and financial hurdles remain.

Traders and investors are now awaiting Ripple’s decision, which could determine whether the case proceeds to a final judgment or moves into a new appellate phase.

Any further delay or escalation in legal proceedings could weigh on XRP’s price and affect sentiment across the digital asset space.

In the meantime, the case continues to serve as a high-profile test of how US securities law applies to cryptocurrencies.

The post Judge rejects Ripple and SEC’s joint bid to conclude XRP lawsuit appeared first on CoinJournal.