XRP Ledger confirms 100B supply is safe after major security flaw

The XRP Ledger has fixed a critical security flaw dating back to 2015 that could have allowed attackers to create approximately 18 trillion XRP through a single specially designed transaction, with more than 80% of trusted validators installing the emergency update on September 25.  The XRP Ledger Foundation and RippleX confirmed the vulnerability in an October 9 disclosure, explaining that an error in the network‘s payment engine could have produced spendable XRP beyond its intended 100 billion supply. Developers reproduced the issue during testing and released version 3.4.1 to address it. Their investigation found no evidence that the flaw had been exploited on a public network. Security researcher Cayden Liao and Veria AI received the bug bounty program’s maximum $250,000 reward after reporting the vulnerability and demonstrating its potential effect.  The recent XRP Ledger security fix raised a lot of questions and some misconceptions. Lets clear them up.  1. Was any XRP created?  No. XRPs supply was fixed at 100 billion when the XRP Ledger launched, and no transaction is allowed to create more. This bug was a way around…  — XRP Ledger Foundation (@XRPLF) October 11, 2026  XRP Ledger fixes bug that could create trillions of XRP  The vulnerability affected the XRP Ledger‘s payment engine, which

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Sui invests $30M as DATA Network shuts down its blockchain

Sui Foundation has announced a $30 million investment in DATA Network on October 12, becoming its largest institutional holder as the AI training data protocol prepares to move to Sui and shut down its independent blockchain.  Sui Foundation confirmed the agreement in an official announcement with DATA Foundation, explaining that the partnership will bring DATA Network and its Trace registry onto Suis blockchain infrastructure. The existing DATA token will migrate at a 1:1 ratio, while Walrus will become the default storage platform for applications operated by DATA Foundation.  The two organizations said the existing network will remain operational until the transition is completed. They have not announced a migration date, but plan to publish a detailed schedule and instructions for token holders before the upgrade.  Sui Foundations $30M investment brings DATA Network to Sui  Under the agreement, Sui Foundation will become DATA Networks largest institutional investor, joining existing holders PIP Labs and DATA Foundation. The investment forms part of a strategic partnership designed to bring AI training data infrastructure onto Sui.  DATA Network currently operates its own blockchain, which supports applications involved in sourcing, tracking and licensing training information for artificial intelligence systems. Once the planned migration is completed, DATA Network will operate as a

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WikiBit Exchange Exit Risk Ranking Episode 41: Bithumb — The Darkest Moment for South Korea’s “Perpetual No.2” Exchange, and the “Ghost Ledger” Behind the Accidental Transfer of 620,000 BTC

Introduction: A “Self-Destructing” Second-Largest Korean Exchange  In the first 40 episodes, we dug into a series of exchanges ranging from HashKey to XT.com. Today, in Episode 41, were looking at a “self-destructing player” — Bithumb.  On paper, Bithumb‘s resume in the Korean market looks like a textbook example of a “top-tier compliant platform”: founded in 2014, South Korea’s second-largest crypto exchange, approximately 22.3% market share, a VASP-licensed exchange approved by the Financial Intelligence Unit (FIU), a real-name banking partnership with KB Kookmin Bank, and even a previous plan for an IPO.  Sounds like the perfect profile of a leading regulated Korean exchange, right?  But on the other side of the story:  On February 6, 2026, Bithumb accidentally distributed 620,000 BTC to 695 users due to an employee operational error — a mistake involving more than $40 billion worth of Bitcoin, about 15 times the amount of BTC actually held by the platform.  Bithumb CEO Lee Jae-won admitted during a parliamentary hearing that the companys “internal control system had serious deficiencies.” The FIU accused Bithumb of approximately 6.65 million regulatory violations, imposed a fine of 36.8 billion Korean won (around $27 million), and issued a six-month “partial business suspension” sanction.  In the first half of 2026, Bithumb recorded

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Bitcoin ETF Inflows Stall After $1.7 Billion Burst: Will Demand Return?

US spot Bitcoin (BTC) exchange-traded funds (ETFs) have added only about $232 million over 13 sessions. Bitcoin ETF inflows totaled $1.7 billion across September 21 and 22, then went quiet.  Bitcoin‘s price recovered to above $83,000 overnight while US-listed funds were not trading, so ETF buyers have not confirmed the move. Monday’s flow data will show whether they follow.  Sponsored  Sponsored  What Happened to Bitcoin ETF Inflows After September 22?  Data tracker SoSoValue shows the funds drew $999 million on September 21 and $714.8 million on September 22. Cumulative inflows hit $56.87 billion by the end of that second day.  However, an inflow streak ended on September 30 with a $148.7 million outflow, and ETF demand has faded since.  September 21 saw the largest inflows since Bitcoins latest rally started. Source: SoSoValue  Brief relief followed, with $102.7 million entering on October 1 and $189.8 million on October 2.  Then the two largest outflows of the past 13 sessions hit on October 7 and 8, totaling $731.2 million.  Total net assets fell from $110.77 billion on October 5 to $105.84 billion on October 9. Net outflows over that span totaled $591 million, so lower prices likely drove most of the drop.  Sponsored  Sponsored  Can One Fund Carry the Recovery?  Friday‘s $21.13 million inflow ended a

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Bank Earnings Hinge on Anthropic IPO as SpaceX Windfall Fades

Major US banks report third-quarter earnings this week after a SpaceX-fueled first half. Bloomberg Intelligence analyst Herman Chan says Anthropics expected initial public offering (IPO) should help big banks in the fourth quarter.  However, Chan says IPO delays and an AI-led rally leave markets more fragile than record index highs suggest.  What Did SpaceX Do for Bank Revenue?  Chan describes a strong first half and a murkier second in a Bloomberg interview. Goldman Sachs, JPMorgan, Citigroup and Wells Fargo are among the banks reporting.  Sponsored  Sponsored  Morgan Stanley, a lead underwriter on the SpaceX listing, shows the scale. The bank reported $851 million in second-quarter equity underwriting revenue, up from $500 million a year earlier. That business earns fees for helping companies sell shares.  Its wealth unit also gathered a record $148 billion in net new assets, meaning client money added. Chief Financial Officer Sharon Yeshaya said more than half came from IPO-related flows.  Chan expects wealth management to stay a strong point as net new money keeps arriving. In contrast, investment banking and trading may prove choppier.  Meanwhile, London Stock Exchange Group (LSEG) data shows global investment banking fees fell 19% from the second quarter. Fees remain up 12% for the first nine months of the year.  Who Fills

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Oil Slips as Trump Touts Energy Ceasefire: Why Cramer Isn't Buying It

Oil prices dipped after President Donald Trump declared an energy ceasefire between Russia and Ukraine. CNBC host Jim Cramer expects crude to stay near $100 while the war continues.  However, Moscow has not commented, and Ukrainian President Volodymyr Zelensky says Russia hit a Kyiv power plant after the announcement. Trump gave no terms for the pause.  Does an Energy Ceasefire Reach the Iran War Behind Fuel Prices?  Brent crude traded near $103 per barrel on Monday, according to Trading Economics. West Texas Intermediate (WTI), the US benchmark, sat near $90. Over the past month, however, WTI fell about 12% while Brent slipped about 3.5%.  Sponsored  Sponsored  BREAKING: Oil crashes below $90 as Russia-Ukraine energy ceasefire raises expectations of increased Russian oil supplies. pic.twitter.com/fV88PQh9Wp  — Bull Theory (@BullTheoryio) October 12, 2026  Cramer pointed to a pattern in earlier ceasefire headlines.  “We have seen these again and again and we are fooled again and again.”  oil falling on an energy cease fire. We have seen these again and again and we are fooled again and again. As long as there is a war on oil will stay clustered around $100  — Jim Cramer (@jimcramer) October 12, 2026  The truce covers Russia and Ukraine only. Zelensky said Ukraine will hold its fire on Russian energy

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Aaves USDG rollover plan has a yield below most quoted borrowing rates

Aaves proposed USDG rollover would let borrowers carry their stablecoin debt into a new fixed-yield USDG position, but the replacement collateral currently yields less than three quoted borrowing rates. That leaves leverage and separately administered rewards central to whether extending the trade makes financial sense.  Related Asset USDG USDG · $0.90 Loading price history…  The proposal concerns Pendle principal tokens, or PTs, on the X Layer network: holders of the token maturing Oct. 29 would move into a replacement maturing Feb. 25, 2027. In its Oct. 8 assessment, risk provider LlamaRisk said the February token‘s on-chain yield alone fell short of USDT0, USDC and USDG borrowing costs. GHO was the cheaper exception in that assessment’s Oct. 7 snapshot.  TokenLogics proposal would enable a flash-loan transaction that temporarily repays debt, replaces the old PT collateral, borrows again and repays the flash loan. OKX would develop that integration separately. The Aave listing and separate OKX integration would both need to be implemented.  Related Asset USDC USDC · Stablecoin  An Oct. 10 refresh preserves the gap. Pendle‘s market API reported a February PT implied annual percentage yield of about 2.98%, with data updated at 21:09 UTC. Aave’s X Layer market display, retrieved at 21:11 UTC, showed variable borrowing

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XRP Ledger defends emergency patch for unlimited XRP bug

XRP Ledger developers have defended the emergency security patch used to fix a bug capable of creating XRP beyond the network‘s fixed supply, saying they could not wait for the network’s usual two-week validator vote without exposing the flaw to attackers.  The fix, released on Sept. 25, came three days after a bug bounty report, and took effect immediately on any server that installed it. It was the first deliberate bypass of the normal amendment process since the system was introduced more than ten years ago, they said.  “With a normal amendment vote, the fix would have been public for weeks before it took effect, risking network security,” XRPL developers said in an X post on Sunday.  The expedited fix led to questions about XRPLs level of decentralization. On its website, XRPL claims it is a fully decentralized, public blockchain — a characterization that has been central to arguments that its native token, XRP, is not a security.  XRPL security fix “raised a lot of questions”  Cyber Capital founder Justin Bons said Thursday that marketing XRP to retail investors as decentralized amounted to “straight-up fraud.” He argued that the Sept. 25 emergency release shipped as binaries only, temporarily withheld the source code and pressured operators

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Can You Trust ChatGPT With Your Best Ideas? NYU Professor Says Think Twice

An NYU mathematician who says one of OpenAI‘s models reached his unpublished results within a day of learning his name now keeps his original ideas out of the company’s AI tools. OpenAI says his prompts could not have shaped its system.  Tristan Buckmaster gave the warning days after OpenAI released 722 AI-written math papers. One of his accounts, he said, still had model training switched on by default.  Sponsored  Sponsored  What Buckmaster Says Happened to His Unpublished Work  Buckmaster and Levent Alpöge, a mathematician at OpenAI rival Anthropic, spent most of a year on a step toward Navier-Stokes, a fluid-flow puzzle carrying a $1 million prize.  Buckmaster ran the work through Codex, OpenAI‘s coding assistant, on a paid personal account. Their drafts sat on OpenAI’s servers.  He told CNBC that OpenAI had no progress before he revealed his name. Afterwards, he said, its agents reached “exactly where we were” within a day.  In September, Buckmaster said he was not accusing anyone, BeInCrypto reported. Now he calls the timing suspicious.  “Before they knew my name, they had no progress. After they knew my name, they suddenly started from where we left off…I find it suspicious,” he said.  Before OpenAI announced its Navier-Stokes proof on September 8, Buckmaster says, it offered him

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Michael Burry Takes Aim at Another Trump-Era Trade

Michael Burry, the investor made famous by The Big Short, says the charts of Fannie Mae and Freddie Mac now point to worthless stock. Less than a year ago, he disclosed sizable stakes in both mortgage giants.  The two companies back a large share of US home loans and have been under government control since the 2008 crisis. Their shares soared after Donald Trumps 2024 election win on bets he would set them free.  Sponsored  Sponsored  How Far Fannie and Freddie Shares Have Fallen  Fannie Mae closed at $1.39 on Election Day 2024, according to Yahoo Finance data. It peaked at $15.31 on September 11, 2025, and closed Friday at $4.04.  Federal National Mortgage Association (FNMA) Stock Performance. Source: Yahoo Finance  That is a 74% drop from the top, erasing about 80% of the post-election rally. Freddie Mac followed the same path, from $1.20 to $14.15 and back to $3.68.  In a Sunday newsletter post, Burry said both stocks had formed a head-and-shoulders top, a chart shape traders read as the end of a rally.  “What that chart predicts, technically, is worthless stock,” Burry wrote.  Sponsored  Sponsored  Burry said he made a move in both stocks this week. The direction of that trade sits behind his paywall. In December 2025, he told

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