Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (3,483)
  • Analysis (3,598)
  • Bitcoin (4,219)
  • Blockchain (2,157)
  • DeFi (2,623)
  • Ethereum (2,750)
  • Event (119)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (2,714)
  • Press Releases (12)
  • Reddit (2,847)
  • Regulation (2,474)
  • Security (3,939)
  • Thought Leadership (3)
  • Videos (44)
Hand picked
  • THORChain V3.19 is live: Monero is first, but can it save RUNE?
  • World Cup prediction markets top $2 billion as Spain, France lead
  • Enterprise Previews on Ethereum Live: Session #3
  • Strategy Adds 1,550 BTC and Holdings Reach 845,256 Bitcoins
  • LAB Rebounds 40% Amid Capital Rotation to BNB Chain – Is Its Correction Over?
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Analysis»THORChain V3.19 is live: Monero is first, but can it save RUNE?
Analysis

THORChain V3.19 is live: Monero is first, but can it save RUNE?

June 12, 2026No Comments
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email


THORChain (RUNE) restarts. The decentralized cross-chain DEX, suspended since May 15 after a $10.7 million exploit emptied one of its vaults, is rolling out v3.19, its official reboot version, with mainnet adoption planned for the first week of June.

RUNE is trading between $0.38 and $0.41 at the time of writing, down sharply from pre-mining levels and -35% over the past 30 days. Its market capitalization is around $133 million, making it the 222nd largest digital asset.

$RUNE directly enters a strong resistance zone around $0.382 to $0.385.

This is where the risk of rejection is high.

If the bears defend this zone, RUNE may first calm down to $0.370 and then between $0.360 and $0.365. pic.twitter.com/rpEV0LXP5V

– ChiefraT (@ChiefraFba) June 9, 2026

The flagship addition waiting in the wings once trading resumes: Monero. XMR is confirmed as the first asset in the DEX queue, giving THORChain a privacy narrative that no other major cross-chain protocol can currently match. The community calls it a rebirth.

Here’s the central tension this article uncovers: v3.19 solves the immediate cryptographic problem and adds a truly unique asset. Whether this will be enough to undo months of damage caused by RUNE depends on execution, and THORChain’s execution track record is currently under trial.

TSS THORChain exploit explained and what V3.19 actually fixes

🚨 THORChain has entered the final restart phase 🚨

The excitement reaches another level.

Today, validators are voting to quarantine the compromised vault, one of the last critical security steps before THORChain can continue toward a full network restart.

This means…

– fincontrarian (@fincontrarian) June 9, 2026

THORChain uses a Threshold Signing System (TSS) in which multiple nodes must sign transactions, preventing a single node from moving funds independently.

An attacker exploited a flaw in the GG20 TSS implementation, exploiting undisclosed cryptographic weaknesses. Soda Labs confirmed that this was a zero-day vulnerability and had human cryptographers verify it, as AI models could not reproduce the attack.

The 3.19 release addresses this issue by patching the TSS library, resolving an approximately $10 million gap through a governance-approved migration, and initiating an 11-step reboot that takes approximately a week to fully resume operations. In addition, a $700,000 accounting problem was also resolved.

A controversial decision was to temporarily close the TSS library during the Soda Labs audit. THORChain member Kenton noted that this choice allowed for a faster recovery at the expense of transparency, sparking debate within the community. The library is expected to return to open source status in future releases.

EXCLUSIVE: Earn $10 USDC via Binance Signup

Why Monero first and if XMR can move the RUNE needle

THORChain attempts a resurgence after a month-long hiatus following its $10 million exploit in mid-May, but can it save RUNE?

(SOURCE: TradingView)

Monero’s dominant position in the DEX queue stems from the lack of trustless and non-custodial options for XMR users, especially as major centralized exchanges have delisted it. If THORChain allows native XMR swaps, it could dominate Monero liquidity without permission, allowing it to set a starting fee of 50 basis points due to its pricing power.

For RUNE holders, increased Monero volume translates to greater demand for RUNE since every trade is settled through it. This sparked the “THORChain renaissance,” in which the integration of Monero is seen as an important step beyond just recovery. However, the protocol’s previous issues with integrating privacy assets raise concerns about its ability to securely handle high-privacy L1S.

Although Monero volume is expected to be moderate initially, the broader roadmap includes other assets such as Zcash and Polygon. Monero serves as the opening act for THORChain, not the entire show.

EXPLORE: Best Crypto Presales with Asymmetric Upside Potential in Today’s Market

Follow 99Bitcoins on X For the latest market updates and subscribe on YouTube for daily market analysis from experts.

The post THORChain V3.19 is online: Monero is first, but can it save RUNE? appeared first on 99Bitcoins.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleWorld Cup prediction markets top $2 billion as Spain, France lead

Related Posts

Analysis

Bitcoin could bottom out during the 2026 World Cup

June 12, 2026
Analysis

Will this be a Bull XRP price prediction?

June 12, 2026
Analysis

Crypto laundering ring linked to ransomware taken down

June 12, 2026
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Dutch Blockchain Week 2026 strengthens position as Europe’s leading B2B blockchain event week

April 14, 2026

Amsterdam, April 2026 – Dutch Blockchain Week 2026 is rapidly evolving into one of Europe’s…

Event

Global Games Show Riyadh: The Ultimate Creator & Influencer Hub

March 31, 2026

The fast-evolving gaming ecosystem of Riyadh is powered by solid national investment, a flourishing esports…

1 2 3 … 82 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

LAB Rebounds 40% Amid Capital Rotation to BNB Chain – Is Its Correction Over?

June 12, 2026

AVAX Price Prediction: Treasury Stocks Fall 38% in Nasdaq Debut as Crypto Proxy Trading Unfolds

June 12, 2026

Understand why the RWA race no longer belongs to Ethereum

June 12, 2026
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2026 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 63,551.00
ethereum
Ethereum (ETH) $ 1,666.58
tether
Tether (USDT) $ 0.999409
bnb
BNB (BNB) $ 603.54
usd-coin
USDC (USDC) $ 0.999815
xrp
XRP (XRP) $ 1.13
solana
Solana (SOL) $ 66.83
tron
TRON (TRX) $ 0.314823
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03
staked-ether
Lido Staked Ether (STETH) $ 2,265.05