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14h ago
The $XRP Supply Bug Everyone Is Talking About, Explained A bug buried in the XRPL payment engine for about a decade could have created spendable $XRP from nothing and pushed the supply far beyond 100 billion if somebody had figured out how to use it. The issue goes back to code written around 2015. An attacker could have opened hundreds of accounts, placed specially priced DEX offers and then built one payment to consume them all. The payment engine would add up what the buyer owed using a 64bi
XRP
XRP-0.95%
14h ago
1d ago
Evernorth’s XRPN targets Oct. 12 Nasdaq debut with 473 million XRP and about $300 million in cash
Crypto investment vehicle Evernorth (ticker: XRPN) plans to debut on Nasdaq on October 12 with holdings of 473 million XRP and about $300 million in cash. SBI has committed $200 million, with Ripple, Pantera, Kraken and GSR also participating, and roughly 94% of votes backing the plan. After listing, Evernorth says it will aim to increase XRP per share through a “hold, lend, build” strategy, including validators, liquidity and RLUSD on the ledger. In the same week, the XRP Ledger activated Permission Delegation and Batch, while native lending remains in a validator vote.
XRP
XRP-0.95%
1d ago
1d ago
Rising Treasury yields push Bitcoin down nearly 5% in the week to Oct. 9
Bitcoin traded at $82,250 U.S. as of Oct. 10, down nearly 5% over the past week and down 1.50% so far in October after a 42% gain in the third quarter. The benchmark 10year U.S. Treasury yield rose to 5.25%, its highest level since April 2002. U.S. spot Bitcoin ETFs posted net outflows of $487.1 million U.S. for the week, the largest since June 25, and are down $165 million U.S. in October. Bitmine Chairman Tom Lee said the firm will stop accumulating ETH once its holdings reach 5% of the token’s circulating supply.
BTC
BTC+0.36%
1d ago