As of October 11 UTC+8, the cryptocurrency derivatives market saw $108 million in total liquidations over the past 24 hours. Bitcoin liquidations were $6.1374 million, Ethereum $9.6213 million, Solana $1.3869 million, and XRP $787,800. Data from MyToken.

Tether’s brief freeze of THORChain’s TRON vaults shows how much power a stablecoin issuer holds over a supposedly permissionless DeFi protocol. <p>The post Tether Briefly Froze THORChain’s TRON Vaults — What the Reversal Reveals About DeFi Neutrality first appeared on BTCUSA. </p>

ChainCatcher reports: Crypto trader Rune said on X that PaperTrade's official documentation exposes a flaw in the protocol-level pricing mechanism. Screenshots shared by Rune indicate that attackers could manipulate prices via Hyperliquid's order book BBO (Best Bid and Offer), with the risks spanning unresolved price-manipulation pathways, contract economics and exposure controls, and operational safeguards and permission management. Rune also shared a post from community user boblob, who found that two wallets appeared to be actively exploiting the flaw on PaperTrade. Trades totaling roughly $20 million moved ETH on Hyperliquid by about 10 to 20 basis points. Boblob said the protocol's obvious problems need urgent fixes, or its long-term sustainability could be at stake.

ChainCatcher reports that Filecoin six-year vesting period is nearing completion, removing about 68 million FIL in annual releases. At current mining rates, the annualized increase from vesting and block rewards will drop from roughly 89 million FIL to 21 million FIL. Storage provider rewards will still be distributed after vesting ends. Filecoin is a decentralized storage network, and FIL is its native token, used to incentivize storage and retrieval services on the network.

Attackers drained 14.35 million USDT from a PancakeSwap pool for the token 79AU. Investigations show the attacker exploited a contract permission vulnerability to pull liquidity even after the LP tokens were burned. The incident has reignited concerns about security mechanisms on decentralized exchanges.

Huo Xing Cai Jing reports, citing official data, that as of October 11, Papertrade, a fully on-chain synthetic perpetual trading protocol deployed on HyperEVM, has generated cumulative notional trading volume exceeding $573 billion since its launch at 22:00 Beijing Time on October 10. Open interest stands at $3.322 billion, with total margin collateral for all open positions at $20.29 million. The protocol sources price feeds from the BBO midprice of Hyperliquid's order book and matches users directly against protocol liquidity providers, bypassing traditional order book matching. It emphasizes high leverage, zero slippage, and no funding rates. The native token PAPER has an initial supply of zero, with no premine, team, or VC allocations. Minting is solely driven by user losses or liquidations. During the initial launch phase, PAPER is nontransferable and primarily intended for staking.

PANews, October 11 — After Veria AI reported a critical vulnerability, RippleX Engineering Lead J. Ayo Akinyele said the XRP Ledger payment engine had a severe flaw for more than a decade that could have allowed XRP to be minted beyond its fixed supply. The issue was found through a bug bounty program and has not been exploited. The development team released patch xrpld 3.4.1 and coordinated validator upgrades before public disclosure. Akinyele said AI is accelerating vulnerability discovery. XRPL will increase proactive security investments, address technical debt, advance formal verification, and systematically eliminate potential risks in legacy code.

RippleX engineering lead J. Ayo Akinyele disclosed a critical vulnerability in the XRP Ledger payment engine that persisted for over a decade. The flaw could have enabled minting XRP beyond its fixed supply. Discovered via a bug bounty program, it was not exploited. The team released patch xrpld 3.4.1 and coordinated validator upgrades before public disclosure.

Ledger confirmed unauthorized hardware tampering in a user device. CryptoBilis halted all hardware wallet sales. Users who bought from this distributor and have not initialized should not start setup. Those who already set up should move assets to a new Ledger device. Ledger says its systems were not compromised and warns of scams. Always use official channels and never share your 24-word phrase.