Several major crypto developments emerged on Saturday, ranging from a debate over Bitcoin’s transaction rules to a DeFi exploit and a possible shift in a long-running US fraud case. According to the report, Strategy executive chairman Michael Saylor and Blockstream CEO Adam Back both criticized BIP-110, a proposal that would temporarily fork Bitcoin in an effort to curb non-monetary transactions such as Ordinals inscriptions.
Bitcoin protocol debate intensifies
BIP-110 was introduced in December 2025 as an attempt to reduce what supporters view as network “spam” and keep Bitcoin focused on its role as a peer-to-peer cash system. Even though Saylor and Back have voiced concerns about Ordinals activity, they said a fork could create greater risks for the network, including questions about reliability and the possibility of invalidating ordinary transactions. The proposal has been described as one of the more significant protocol disputes in Bitcoin in recent years.
In DeFi, Hedera-based lending protocol Bonzo Lend reported an estimated loss of about $9 million after an attacker exploited a flaw tied to Supra’s oracle verifier. The incident report says the attacker deposited 250 SAUCE, worth only a small amount, then manipulated the token’s reported price to an extreme level before borrowing 6.63 million USDC and 34.5 million wrapped HBAR from the protocol. Bonzo said the issue was not caused by its own contracts or by Hedera’s core network, and added that Supra acknowledged the problem and released a fix.
Separately, the US Department of Justice is reportedly working to dismiss its case against Matthew Goettsche, the founder of BitClub Network, a crypto mining platform accused of defrauding investors of $722 million between 2014 and 2019. Court filings cited in the report say the parties reached an agreement in principle and need time to finalize the terms. Goettsche had been indicted in 2019 on charges including conspiracy to commit wire fraud and selling unregistered securities, and the reported move would mark a notable change in the government’s approach to the case.
Source: cointelegraph.com
