Bitcoin Layer 2 blockchain solution Stacks announced on May 24 the resumption of block production after resolving issues related to “misbehavior stemming from the stacks-node’s mempool syncing logic.”
Stacks Warns of ‘Occasional Degradation’ in Block Production
On May 24, the Bitcoin Layer 2 blockchain solution Stacks announced the resumption of block production after it addressed “misbehavior stemming in the stacks-node’s mempool syncing logic.” It advised all node operators, particularly miners and signers, to upgrade their nodes to release 3.1.0.0.11.
However, in an update shared via X, the Layer 2 solution warned of further “occasional degradation” in block production until all miners and signers complete the upgrade. The announcement directing node operators to upgrade to the latest release came just hours after core developers claimed to have identified the potential cause. In the initial post-mortem shared on Github, the Stacks team said:
“The bug itself actually goes back to 2020 and has to do with misbehavior in the stacks-node’s mempool syncing logic which causes some nodes to return improper messages in response to RPC calls used by normal mempool syncing. Stacks-nodes who invoke that RPC call have misbehaving logic which causes their networking to become unresponsive, which hasn’t been an issue until there was a lot more data getting run through some recent blocks.”
According to the preliminary findings, the latest upgrade is compatible with chainstate directories from 3.x.x.x.x.The release of the latest upgrade is expected to finally resolve the issue, which Stacks initially acknowledged on April 18.
At the time, the Stacks team insisted a “simple patch” would address the issue, and node operators needed not do anything. However, a delay in block production related to a Bitcoin fork at block 897442 prompted the developers to initiate another investigation on May 19.
After seeing 70% of signers restore to a previous version of the chainstate, normal blockchain production resumed only for the developers to report another delay four days later.
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XRP Key in SEC Filing as Webus Builds Treasury Engine
XRP roars into the institutional spotlight as Webus unveils a $300 million digital asset framework, unlocking next-level treasury infrastructure with regulatory clarity and elite execution.
Webus Files With SEC to Establish XRP Treasury Engine
Webus International Ltd. (Nasdaq: WETO) disclosed key details of its Delegated Digital-Asset Management Agreement with Samara Alpha Management LLC through a Form 6-K filing submitted to the U.S. Securities and Exchange Commission (SEC) on June 3. The SEC filing also includes the company’s announcements regarding its XRP treasury plan on May 29 and June 2.
The agreement, executed on May 28, grants Samara Alpha discretionary authority over a potential $300 million portfolio of digital assets, principally XRP, pending activation upon the transfer of assets to designated custody wallets. This filing marks a significant step in Webus’s strategic positioning around digital asset treasury infrastructure while affirming regulatory transparency. The company emphasized the institutional rigor of the partnership, stating:
This strategic framework … is designed to provide Webus with institutional-grade infrastructure and expertise for potential future digital asset treasury operations, specifically focused on XRP management.
Webus confirmed that no funds or assets have yet been transferred, and that Samara Alpha’s obligations begin only upon asset delivery. Critically, the agreement also limits exposure: “The aggregate value of the managed assets under this Agreement shall not exceed US$300,000,000 unless otherwise agreed in writing by both parties.”
Custody arrangements will be executed via multi-signature wallets, with Webus retaining key access and Samara Alpha lacking unilateral withdrawal authority. Fee terms include a 2% annual management fee, a 20% performance fee on net profits above a high-water mark, and an 80/20 staking reward split favoring Webus. The contract, governed by New York law, is set for a three-year term following activation and allows termination with cause or notice. By structuring this digital asset initiative through an SEC-registered investment adviser and codifying protections such as custody controls and risk-defined discretion, Webus signals its intention to cautiously enter the digital asset space without compromising institutional governance.
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