Ripple moved 200M XRP between its own addresses, then sent 20M XRP to a new address.The XRPL amendment PermissionDelegationV1_1 goes live today at 21:25 UTC, letting firms assign up to 10 roles to third-party apps without exposing master keys.BTC fell to $82,165, and liquidations reached $395.78M.Spot ETFs saw net outflows of $487.37M from BTC funds and $160.84M from ETH funds (SoSoValue).ESMA requires EU crypto firms to close positions in non-MiCA-compliant stablecoins by January 8, 2027.The cryptocurrency market continues its correction, fueled by fresh U.S. macroeconomic data. Initial jobless claims fell to 197,000. For the Federal Reserve, this is a sign of a stable labor market that reduces the likelihood of further interest rate cuts, prompting investors to reduce their exposure to risk assets.
According to CoinGlass, the daily volume of forced liquidations of leveraged positions stands at $395.78 million, of which $344.49 million comes from long positions.
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Market sentiment is further pressured by historical memory: the market is approaching the anniversary of October 11, 2025, when the U.S.-China trade conflict triggered a record $19.16 billion in liquidations in a single day.
Cryptocurrency market capitalization heat map highlighting Bitcoin, Ethereum, and major altcoin price performance on October 8, 2026, Source: CoinMarketCapCaution among major players is driving funds out of spot crypto funds. According to SoSoValue data, BTC ETFs recorded net outflows of $487.37 million over the past 24 hours, while ETH ETFs lost $160.84 million. Selling pressure is also hitting funds based on Hyperliquid (HYPE, -$32.52 million), Solana (SOL, -$5.45 million) and XRP (-$2.61 million).
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An additional negative factor comes from requirements imposed by European regulator ESMA. The agency is requiring EU crypto companies to fully close positions in all stablecoins that do not comply with MiCA rules by January 8, 2027.
Outside the speculative sector, however, blockchain infrastructure continues to develop: the capitalization of tokenized real-world assets (RWA) remains at $65 billion, while the IMF notes sustained interest in 24/7 stock trading on blockchain.
Ripple's moves: Where are millions of XRP going?A major movement of capital has been recorded on the XRP Ledger. Blockchain data detected a transaction involving 200,000,000 XRP, executed at 09:37:31 UTC. The funds moved between internal addresses, from Ripple (1) to the balance of Ripple (50). Immediately afterward, Ripple split the amount, transferring 20,000,000 XRP to a new, unknown address.
One obvious theory is that the company is building liquidity for prime brokerage operations in the U.S. market. The $1.25 billion acquisition of Hidden Road and the launch of Ripple Prime have turned the company into a counterparty in the $256 billion leveraged ETF market, where Ripple earns fees of up to 8% annually, including from funds holding SanDisk shares.
The capital transfer coincides with preparations for the activation of the PermissionDelegationV1_1 protocol amendment, which goes live today at 21:25 UTC. The update allows corporate account owners to use DelegateSet transactions to assign up to 10 specific roles, such as compliance or internal audit, to third-party applications or subsidiary teams without exposing the wallet's private master keys.
XRP Ledger explorer block explorer showing a successful 200,000,000 XRP payment from Ripple (1) to Ripple (50) on October 8, 2026, Source: XRPScanWith the development of AI tools, this type of key isolation is becoming a standard security requirement.
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The technological changes are accompanied by commercial expansion. The Wall Street Journal reports that Ripple is moving into the territory of traditional custody and brokerage services. Infrastructure provider Paxos is adding XRP to its regulated platform, opening the asset to clients such as PayPal and Charles Schwab.
XRP currently has a $95 billion market capitalization across 8.1 million wallets, while the company's native stablecoin, RLUSD, has surpassed a $2.5 billion market cap, preparing to capture a share of the European market following the ESMA directive.
‼️Permission Delegation will be activated in 10h on the XRP Ledger! New era for institutional account access management. This will open the doors to a lot of interesting players. This feature allows especially treasury and asset issuers to delegate XRP account specific jobs like compliance to designated teams, without sharing the account keys with them. Big folks. Very big.
— Vet (@Vet_X0) October 8, 2026 The infrastructure updates are complemented by the fresh release of Ripple Custody 1.43, which adds support for Canton Coin, while the launch of Evernorth's XRPN treasury instrument on Nasdaq has been postponed to October 12.
Crypto market news: AI threat to encryption and the industry's responseThe main theme on October 8, 2026, is the progress of artificial intelligence in mathematics, which is raising practical concerns among blockchain developers. While Google Cloud is rolling out its enterprise AI assistant Gemini Agent, OpenAI has published 722 complex mathematical manuscripts generated by an experimental model.
Ethereum Foundation researcher Justin Drake warns of a risk that the ECDSA signature algorithm could be effectively cracked within months due to OpenAI's mathematical breakthrough.
In response, Ethereum creator Vitalik Buterin recommends that major holders use addresses with no outgoing transactions to conceal their public keys on-chain and gradually transition to hash-based cryptography.
Amid these discussions, a Satoshi Nakamoto-era address that had been dormant for more than 16 years became active: an ancient miner transferred 100 BTC (~$8.33 million) mined back in July 2010.
CZ Binance quote retweeting Vitalik Buterin's post about AI risks to cryptography on October 8, 2026. Source: @cz_binance / X. You Might Also Like
At the same time, the industry is responding to security challenges and developing new infrastructure formats:
Starknet's maneuver: The major L2 network says it plans to transition into an independent L1 blockchain to enable autonomous implementation of quantum- and AI-resistant protection by 2027, without waiting for lengthy upgrades on Ethereum.Solana user boom: The Solana network has grown 124% since the beginning of September, according to Santiment, while in late October, Samsung is set to integrate USDC transfers across the Solana and Sui networks directly into Samsung Wallet for 82 million Galaxy devices in the U.S.Real estate-backed lending: Real-world asset tokenization is reaching practical use. On RNT Lend, a platform built with Aave on Polygon, total value locked has surpassed $20 million, while loans backed by real estate have reached $9 million.79th Vault incident: On the negative side, CertiK analysts reported a likely exploit of the DeFi project 79th Vault, resulting in $12.5 million in losses.Market outlook: What investors should prepare forThe daily capital outflow from ETFs, totaling $689 million, looks painful, but technical and intermarket analysis shows that the long-term uptrend remains intact. Bitcoin's local drop to $82,165 is a textbook technical retest of the broken descending trendline of the annual channel from above, helping to relieve overbought conditions.
Dynamic support is located at $77,086 (50 MA), while the foundation of the global trend is the 200 MA at around $66,509.
The Bitcoin-to-gold ratio chart also confirms buyer strength: BTC has held above macro support and is testing resistance, demonstrating that large capital continues to systematically choose the scarce digital asset as its primary hedge.
Meanwhile, Ethereum at $2,527.57 remains squeezed between resistance at the 200-week MA ($2,536.40) and support at the 50 MA ($2,123.05), indicating a phase of liquidity accumulation.
Intra-day price performance comparison chart for BTCUSD, ETHUSD, and OTHERS index on October 8, 2026, Source: TradingViewFor XRP/USD, the current correction to $1.3942 represents a healthy retest of the upper boundary of the broken multi-month descending wedge and the long-term moving-average cluster in the $1.26–$1.27 range.
The global reversal is also confirmed by the altcoin market capitalization index excluding the top 10 assets (OTHERS), which has turned the former heavy resistance around $206 billion into solid support, opening the way for a medium-term rally.
Key checkpoints for the near term:
October 9: Activation of the BatchV1_1 amendment on the XRPL to launch batch transactions and optimize the throughput of the Ripple network.October 12: Official launch of Evernorth's XRPN fund on Nasdaq, which will become an important marker of institutional demand for XRP in the U.S.BTC support: Monitoring whether Bitcoin holds the 50-week moving average support at $77,086.ETF flows: A slowdown in capital outflows from spot BTC and ETH funds as a signal that the local correction may be nearing its end.Late October: Launch of free USDC transfers in Samsung Wallet across 82 million Galaxy devices in the U.S., which will help determine the fundamental strength of the bullish trend in Solana and Sui. You Might Also Like
Ripple, the cryptocurrency company behind XRP, is emerging as a new player in the leveraged ETF funding market, which has long been dominated by Wall Street banks.
Ripple is expanding its operations into traditional financial markets.
According to the Wall Street Journal (WSJ), Ripple is now making its way onto Wall Street. Ripple is emerging as a new player in the leveraged ETF funding market, which has long been dominated by Wall Street banks.
Ripple Prime is Now Active! The news report stated that Ripple Prime provides funding for leveraged ETFs that track the daily returns of individual stocks and major indices multiples of their respective value.
At this point, Ripple Prime generates revenue by providing financial contracts to ETF managers who can track stock returns in multiples, and charging them fees in return.
The WSJ article cited Ripple’s funding of the Tradr 2X Long SNDK Daily ETF as an example. It noted that the SanDisk 2x leveraged ETF paid Ripple approximately 8% annually. However, Ripple has not yet disclosed the amount of revenue it receives from leveraged ETF funding or the extent to which XRP and XRP Ledger are used in these transactions.
Competition Heats Up on Wall Street! The size of the leveraged ETF market in the US also reveals why Ripple is focusing on this area. According to Morningstar Direct data, which the WSJ report cites, 593 leveraged ETFs in the country manage over $256 billion in assets.
It was also noted that banks’ limited scope for action in certain areas due to capital and risk regulations has created new opportunities for financial companies like Ripple Prime.
Ripple has also expanded its relationship with hedge fund Brevan Howard, beginning to offer prime brokerage, clearing, and financing services across multiple asset classes. These moves are interpreted as Ripple preparing to take on a larger role in the institutional infrastructure of traditional finance, extending beyond the crypto market.
*This is not investment advice.
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Crypto Eri zpochybnila uzamčení 50 000 XRP na šest měsíců kvůli výnosům a dodatečným poplatkům; tato částka nejspíše odkazuje na DAG Wealth, veřejně dostupné materiály však takový závazek nepotvrzují.
Crypto Eri Questions 50,000-XRP Yield Lock as Flare and Doppler Expand Alternatives.
XRP commentator Crypto Eri has questioned why a holder would commit 50,000 XRP for six months to generate yield while also paying for an additional management layer. Her criticism comes as XRP holders gain access to several alternatives with different custody models, withdrawal periods and sources of return.
I can’t see any reason why you would agree to *Lock Up* your 50,000 XRP for 6 MONTHS to earn yield with an additional middleman layer haircut, with the choices available. DYOR.
— 🌸Eri ~ Carpe Diem (@sentosumosaba) October 8, 2026
The 50,000-XRP figure points most closely to DAG Wealth, although the offering is not an on-chain protocol. DAG lists 50,000 XRP—or $250,000 in qualifying assets—as its standard managed-account minimum.
However, public information does not fully confirm the arrangement Eri described. Neither DAG’s website nor the launch material reviewed for this report states that clients must lock XRP for six months.
The Likely Product Behind Eri’s Criticism The strongest match is DAG Wealth’s Parataxis Systematic Trading Strategy, launched in September.
Under that structure, eligible clients contribute XRP to a separately managed account held with Anchorage Digital.
The XRP remains in the client’s name and serves as collateral while Parataxis Capital Management trades on the client’s behalf. Any gains or losses return to the same account.
This is a three-party arrangement involving the investment adviser, qualified custodian and external trading manager. Eri’s reference to an “additional middleman layer haircut” appears to concern the effect of professional fees on the holder’s net return.
Still, the exact fee schedule is not public. DAG directs prospective clients to its Form ADV and individual agreements for fees, conflicts and other terms.
The 50,000-XRP threshold is also the minimum for the broader DAG Wealth relationship, not proof that every client must place the full amount into this one strategy.
DAG has also offered XRP-focused Income and Growth Funds, but its public announcement does not disclose a six-month lock or detailed fee structure.
The precise product behind Eri’s six-month reference therefore remains unconfirmed from public materials.
Flare Offers On-Chain XRP Yield With Different Risks Flare takes a different route by representing XRP as FXRP, which can be used across lending, liquidity and structured-yield applications.
That distinction matters because XRP itself does not generate native staking rewards. Returns must come from another activity, such as lending, options, market-neutral trading, liquidity provision or underwriting risk.
One option is Firelight, which became fully operational this week. Users stake FXRP and receive stXRP while their capital supports DeFi cover markets.
Current documentation places the unstaking period at one to two days, although this is expected to expand to roughly 30–60 days when 30-day coverage periods take effect.
The shorter exit window does not make Firelight risk-free. Once cover is active, staked capital can be slashed if a validated claim exceeds the protocol’s first-loss buffer.
Flare also supports curated vaults accessible through an XRPL wallet. The earnXRP vault uses lending, liquidity and structured strategies, with withdrawals typically settling within one or two days rather than through a fixed six-month commitment.
The trade-off is exposure to FXRP infrastructure, smart contracts and the underlying strategies selected by the vault manager.
Doppler Finance Uses Native XRP but Remains CeDeFi Doppler Finance allows users to deposit native XRP directly from the XRP Ledger.
Its XRP Vault automatically compounds returns and imposes a seven-day withdrawal period. Doppler says it charges no platform fee for deposits or withdrawals beyond network costs.
Yet Doppler is not a purely on-chain alternative. Its documentation says the current vault relies on institutional custody, secure delegation and selected centralized platforms to generate CeDeFi and real-world-asset yield. No on-chain yield is currently being generated by the vault.
That introduces custody, counterparty and principal-loss risks. The XRP Vault is also unavailable to users in the United States and other restricted jurisdictions.
Every XRP Yield Route Has a Cost Eri’s broader argument centers on liquidity and the return left after every cost is deducted.
The DAG structure offers professional management and qualified custody, but introduces advisory, custody and trading-manager layers.
Flare provides transparent on-chain routes and shorter exits, while adding smart-contract, bridge and, in Firelight’s case, slashing risks. Doppler offers a seven-day exit using native XRP, but its yield currently depends on custodians and centralized counterparties.
XRPL’s built-in AMM is another option. Liquidity providers can earn trading fees without giving a manager discretion over the position, but they must supply paired assets and accept impermanent-loss exposure.
No XRP product generates yield from nothing. A meaningful comparison requires five figures that are not always presented together: net return after fees, source of the yield, custody arrangement, withdrawal time and the conditions under which principal can be lost.
Until the six-month term and complete fee schedule behind the product Eri referenced are made public, its net result cannot be compared cleanly with Flare, Doppler or native XRPL liquidity options.
XRPL může aktivovat PermissionDelegationV1_1, pokud si podporu zachová alespoň u 29 z 35 důvěryhodných validátorů. Funkce umožní delegovat vybrané operace, aniž by bylo nutné předat kontrolu nad hlavními klíči.
XRP Ledger (XRPL) Permission Delegation Nears Activation as Validator Support Holds.
The XRP Ledger is approaching activation of PermissionDelegationV1_1, an upgrade that will let accounts hand specific permissions to another account without giving away control of their main keys.
The amendment’s 14-day approval window reaches its earliest activation point at approximately 21:25 UTC today, Oct. 8.
At the latest check, it was about 14:46 UTC, leaving roughly 6 hours and 34 minutes until that threshold.
The amendment still depends on validator support remaining above the required level through the full window.
XRPL’s PermissionDelegationV1_1 amendment reached majority support on Sept. 24 and is approaching its earliest activation window on Oct. 8 at 21:25 UTC, subject to validator support remaining above the required threshold. Permission Delegation Has 30 of 35 Validator Votes The live XRPL amendment tracker showed 30 of 35 trusted validators voting yes at its latest roll call, while 29 votes are needed to keep the activation countdown running.
The current majority began on Sept. 24 at 21:25 UTC after an earlier approval period was interrupted. XRPL amendments need support from more than 80% of trusted validators for 14 consecutive days.
If support falls back to 80% or below before the timer completes, the countdown resets again.
That explains why earlier reports pointing to an Oct. 5 activation did not materialize.
The Oct. 8, 21:25 UTC mark is also not necessarily the exact second the feature turns on. Amendment votes are processed at flag ledgers, which arrive roughly every 16.5 minutes.
Based on the current ledger schedule, actual activation could occur around 21:42 UTC, provided the majority remains intact.
What Permission Delegation Changes on XRPL PermissionDelegationV1_1 introduces a DelegateSet transaction and a corresponding Delegate ledger object.
An XRPL account will be able to authorize another account to carry out selected operations on its behalf. The delegating account keeps control of its keys while choosing exactly which functions the other account can perform.
The system supports up to 10 permissions per delegation entry, and those permissions can later be changed or revoked. Examples include allowing another account to send certain transaction types or handle narrowly defined tasks such as trust-line authorization.
This gives businesses and institutions a way to separate responsibilities. A company, for example, could let an operations account handle one type of transaction without giving it unrestricted authority over the treasury account.
This Is the Revised Version of Permission Delegation The amendment scheduled for activation is PermissionDelegationV1_1, introduced with XRPL server version 3.3.0.
It replaces the original PermissionDelegation amendment, which was disabled after a critical bug was found. The revised version fixes that implementation while retaining the underlying XLS-75 model.
There is still one technical caution. XRPL documentation currently recommends avoiding delegation of the PaymentBurn granular permission until the separate fixCleanup3_4_0 amendment is enabled. Other granular permissions are not affected by that warning.
If validator support holds, the next milestone comes tonight: the 14-day threshold at 21:25 UTC, followed by activation at the next eligible flag-ledger sequence shortly afterward.
Evernorth, an XRP-focused treasury entity backed by Japan-based financial conglomerate SBI Group, has drawn the attention of the crypto sector with its declared strategy to actively increase the value of its XRP holdings. The plan, documented in official SBI slides and highlighted by crypto researcher SMQKE, marks a distinct approach compared to typical corporate assets that are simply held without further action.
Strategic investment and active measuresSBI Group invested $200 million in Evernorth through a Private Investment in Public Equity (PIPE) deal. SMQKE, a well-known independent crypto researcher, emphasized that Evernorth is not passively storing XRP but has committed to implementing strategies aimed at asset growth. These strategies include providing institutional lending and utilizing decentralized finance (DeFi) protocols.
According to official SBI materials, Evernorth’s model involves lending out XRP to institutional investors and deploying assets in DeFi operations to generate returns. Unlike typical treasury vehicles, which accumulate digital assets and await price appreciation, Evernorth intends to reinvest yields to further expand its XRP position.
Mini dictionary: SBI Group is a Japanese financial services group with major operations in banking, asset management, and digital assets, recognized for its leadership in crypto investments across Asia.
SMQKE noted that these steps by Evernorth are directly documented in SBI’s publicly released reports. The strategy is seen as a deliberate attempt to enhance Evernorth’s overall exposure to XRP and to influence the value trajectory of its significant holdings.
Digital Asset Investor, a prominent figure in the XRP community, pointed out that Evernorth is not merely forming a treasury to hold digital assets. He remarked, “You’re not creating an XRP treasury unless you’re expecting the value of XRP to go up, and expecting to do everything you can to make the value go up.”
You’re not creating an XRP treasury unless you’re expecting the value of XRP to go up, and expecting to do everything you can to make the value go up.
Evernorth currently holds 473 million XRP tokens, placing it among the largest public XRP treasury holders worldwide. Its strategy of deploying active measures, rather than solely accumulating tokens, is viewed within the community as a strong signal of intent regarding market participation.
According to publicly available information, yields generated from institutional lending and DeFi will be reinvested into acquiring additional XRP, potentially amplifying Evernorth’s influence as a major corporate holder.
AspectEvernorthTypical Corporate TreasuryAsset strategyActive (lending, DeFi, reinvesting)Passive (hold only)XRP holdings473 millionVaries, generally smallerFunding$200 million (SBI PIPE deal)VariesNasdaq listing and timelineEvernorth is scheduled to debut on the Nasdaq under the ticker XRPN on or around October 12. A brief delay has shifted the closing of its transaction to approximately October 9, with no anticipated impact on the listing process. The recent shareholder vote on September 30 approved the merger, clearing the way for the public launch.
Upon trading commencement, both retail and institutional investors are expected to access regulated exposure to XRP through standard brokerage accounts. The combined effect of Evernorth’s soon-to-be-available security and its active asset management is providing the XRP community with a concrete timeline and a strategic institutional mandate.
The combination of the imminent Nasdaq listing and Evernorth’s documented active strategy offers the XRP community a clear mandate and timeline as trading begins under the new XRPN ticker.
Emeritní technický ředitel Ripple David Schwartz a generální ředitel Flare Hugo Philion se přou o potenciál půjček XRP před spuštěním nativní funkce XRPL, o jejímž návrhu XLS-66 hlasují validátoři.
The XRP lending race is already underway, even though the XRP Ledger’s native lending feature hasn’t launched. Ripple CTO Emeritus David Schwartz and Flare CEO Hugo Philion have sparked a friendly debate over just how big the opportunity could become.
The disagreement highlights a bigger question: should developers wait for native tools, or build lending infrastructure around the ledger now?
XRP Lending Could Unlock A Bigger Financial MarketNative XRP Ledger lending would let users lend and borrow assets directly on the blockchain. Validators are still voting on XLS-66, the proposal behind the feature, while XRPL Commons says lending is about to go live and has promoted a New York hackathon with lending and borrowing tracks.
source: xSchwartz says nobody has built anything with the feature yet, leaving early developers plenty of room. He’s long viewed extending credit on the XRP Ledger as important, arguing lending is one of the biggest needs in any financial system.
Flare Wants To Build Before XRPL UpgradesPhilion praised Schwartz’s intelligence but argued he may underestimate lending’s potential. He also pointed to outside infrastructure that can connect to the XRP Ledger.
Flare plans to deploy lending logic on its own side rather than wait for major XRPL upgrades. Its approach combines Protocol Managed Wallets with the Flare Confidential Compute stack, aiming to deliver near-full smart-contract capabilities.
Native Wallet Access Could Avoid Bridge RisksThe proposed setup could let holders lend coins from native XRPL wallets without relying on traditional cross-chain bridges. That would keep assets closer to their native environment, while fees would flow to the Flare ecosystem.
For the XRP lending market, the competition is taking shape before native tools arrive. Schwartz sees room for developers to use the ledger’s existing capabilities; Philion is betting external infrastructure can expand what’s possible. The real test will be whether either approach turns the opportunity into usable lending products.
Story Ends Here
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Moscow Exchange plánuje 1. prosince zahájit obchodování s kryptoměnami v souladu s novým ruským regulačním rámcem; zpočátku očekává, že bude podporovat BTC, ETH, SOL, XRP a TRX.
Moscow Exchange (MOEX), Russia’s largest stock exchange, plans to begin offering crypto trading on December 1 under the country’s new regulatory framework. Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and TRON (TRX) are expected to be the initial cryptocurrencies supported by the exchange
Moscow Exchange to Offer Crypto Trading Moscow Exchange is currently testing crypto trading with professional traders, said senior managing director for sales and business development Boris Blokhin on October 8. This is a test environment for digital currency trading, testing the functionality that will eventually be implemented in the production environment
“We will continue testing until launch. We plan to provide this cryptocurrency trading capability on December 1st, in line with the new legislation,” he added, according to TASS.
Moscow Exchange intends to use its existing trading organizer license and stock-market infrastructure for crypto assets, which the new regulations permit. “Therefore, everything is very simple – both for the participants and for us” as there is no additional inclusion in the exchange’s register is required.
The announcement follows the entry into force of Russia’s cryptocurrency market legislation in early September. The Bank of Russia has begun registering crypto exchange operators and crypto custodians such as Sberbank and VTB Bank.
As CoinGape reported, Sberbank plans to launch its first crypto products on December 1. The products will be offered via SberBank Online, SberInvestments and SberBusiness. These services are already available in the bank’s overall digital platform.
Under the framework, unqualified investors can buy only Bitcoin, Ethereum, and Tether (USDT), up to 300,000 rubles per year. Qualified investors can purchase all cryptocurrencies on the platform and over-the-counter markets, without a limit on the amount.
Moscow Exchange launched perpetual futures tied to Bitcoin, Ethereum, Solana, XRP, and TRON indices last month. The contracts are quoted in US dollars, settled in Russian rubles, and limited to qualified investors. This positions Russia’s Moscow Exchange to offer regulated crypto exposure alongside banks and other licensed intermediaries.
To understand how these state-backed initiatives compare with international providers, traders can look at our comprehensive review of the regulated crypto exchanges comparison currently operating in the market.
Ripple a jihokorejská společnost Meritz Securities budou zkoumat využití řešení Ripple Custody a infrastruktury pro tokenizaci na korejském kapitálovém trhu.
Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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Ripple headquarters in Dubai. Ripple and South Korean brokerage Meritz Securities have signed a strategic partnership to assess Ripple Custody and Ripple’s tokenization infrastructure for the country’s capital markets. The review comes as digital assets move toward formal regulatory recognition in South Korea, while the XRP price slips below $1.50.
South Korean financial firm Meritz Securities is partnering with Ripple to bring institutional digital asset custody and tokenization to the local market.
The two companies will roll out these new services in stages as South Korea's financial regulations officially embrace… pic.twitter.com/VDEyJfeJqe
— XRP Myth Buster (@XRPMythBuster) October 7, 2026 The companies plan to begin cooperation within the limits of existing securities-business rules and regulations, then consider expanding it in stages as South Korea’s digital-asset framework develops.
Meritz Securities said it is examining possible business lines that could become relevant as digital assets enter the regulated financial system.
This list helps explain why the Ripple tie-up may matter beyond custody: Meritz is assessing how several kinds of digital-asset services could fit its capital-markets business as rules change. But the company has not tied those potential activities to Ripple, nor said that any of them will proceed.
Tokenized securities can represent financial assets on a blockchain, but issuance and investor rights depend on the product and its legal structure; tokenization’s relationship to ownership and liquidity is therefore central to assessing any future offering.
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What Does the Ripple Infrastructure Review Cover?Ripple Custody is described as Ripple’s institutional digital-asset custody solution, while the company’s tokenization infrastructure is intended for use by financial institutions. Both are currently offered to global financial institutions, and Meritz and Ripple will jointly review how they could be brought to the Korean capital market.
The announcement specifies no blockchain network, custody volume, asset-issuance process, customer group, transaction mechanics, or operating model.
For financial institutions, custody and tokenization are related but distinct pieces of infrastructure: custody concerns safeguarding and managing digital assets, while tokenization concerns representing assets in digital form. The partnership does not spell out how those functions would connect in a Korean service.
Institutional custody also involves operational controls and execution requirements beyond simply holding assets, as discussed in the evolution of institutional custody and execution.
Meritz said the arrangement is intended to combine Ripple’s global digital-asset infrastructure with the brokerage’s capital-markets capabilities, and that it plans to prepare digital-asset financial services in stages as domestic rules change.
Ripple Asia-Pacific Managing Director Fiona Murray said the company would explore how digital-asset infrastructure could support the continued development of Korea’s capital markets. Neither statement sets out a delivery milestone or commits either firm to a commercial launch.
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XRP Price Eyes A Bullish CatalystXRP is trading around $1.45, down 4.3% over the past 24 hours and 3.9% over the last seven days, according to CoinGecko. The token has also slipped from around $1.52 during the latest 24-hour range, suggesting sellers still have the upper hand in the near term.
The setup remains cautious, with XRP struggling to hold recent gains despite Ripple’s latest expansion into South Korea’s capital markets. Our prediction-market data puts the $1.40 area as a key downside level, while $1.60 represents the more notable upside target for October. CoinGecko
A sustained move above $1.60 could therefore shift the XRP price outlook toward a stronger recovery, while losing $1.40 could expose the token to deeper downside. For now, XRP appears to be caught between those levels, making the Ripple-Meritz partnership a potential catalyst rather than an immediate price trigger.
Ripple Custody 1.43 přidává podporu Canton Network, takže banky a fondy mohou v jednom zabezpečeném prostředí spravovat Canton Coin (CC) a tokeny CIP-56.
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Ripple has released an update to its institutional platform, Ripple Custody version 1.43, adding support for the Canton Network. The release allows banks and funds to custody the native Canton Coin (CC) and CIP-56 tokens within a single secure environment, marking a major strategic move by the company to dominate the Wall Street tokenization market.
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The move changes the balance of power in the race to tokenize real-world assets (RWA) and dispels a popular media myth from late 2025 that Canton was an "XRP killer." Instead of a head-on battle for banking infrastructure, major players have moved toward a pragmatic division of labor.
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Tokenization giants choose market division over all-out rivalryThe main problem with blockchain on Wall Street has been excessive transparency: banks cannot disclose their balances and transaction details to competitors. Canton Network, developed by Digital Asset, addresses this issue at the protocol level — in multi-party transactions, each participant sees only their own data.
The Ripple Custody 1.43 update gives institutions a familiar control panel for this private environment, from isolated key storage to pre-approvals and two-step transfers.
The scale of the integration is far removed from retail speculation. Canton's industrial base is already used by Goldman Sachs, BNP Paribas, and BNY Mellon. Broadridge's platform processes multibillion-dollar repo transactions through it every day, while clearing giant DTCC tokenizes U.S. Treasuries on these rails. The CIP-56 standard allows such settlements to be conducted on a delivery-versus-payment basis, atomically and without vulnerable cross-chain bridges.
Ripple Custody release documentation detailing Canton Network integration features, Source: Ripple You Might Also Like
In late 2025, amid a rally and Bitwise's preparations to launch a Canton Coin-based ETF, the media expected a war for banking corridors. The latest release has put everything in its place, clearly showing how major players have simply divided their spheres of influence in the tokenization market instead of competing head-on.
Canton Network is taking on the role of a private ledger and a "digital notary" for recording ownership rights within the banking sector. Ripple and the XRP token, in turn, remain a public liquidity bridge for transferring value across borders between fragmented systems.
Custody support for Canton allows Ripple to prevent banking clients from leaving and cement its position as a key infrastructure partner for Wall Street in a multichain world.
Ripple převedl 99 866 844 XRP v hodnotě přibližně 149,6 milionu USD do peněženky spojené s Binance; prostředky následně putovaly na další adresu spojenou s burzou.
Ripple has executed a significant transfer of XRP, moving 99,866,844 tokens valued at approximately $149.6 million. This transaction was first flagged by analyst Xaif, who shared detailed on-chain data revealing a larger pattern of fund movement.
Transaction specificsThe transfer took place on October 6, with Ripple sending the XRP from its managed wallet to an address tagged with Destination Tag 681503328. Upon settlement at 4:18 PM UTC, the transaction incurred a minimal fee of only 0.000015 XRP. Prior to the transfer, the receiving wallet held 38,196.4 XRP. After the transaction, its balance increased to 99,905,040.611845 XRP.
The low transaction cost highlights one of XRP Ledger’s main advantages in enabling large-scale fund movement at a fraction of a cent.
WalletBalance BeforeBalance AfterFee PaidDestination (681503328)38,196.4 XRP99,905,040.611845 XRP0.000015 XRPFlow of fundsBlockchain tracking service Whale Alert also monitored the transaction, identifying the recipient as an “unknown wallet.” On closer inspection, on-chain activation records link this address—and a subsequent wallet to which the funds were moved—directly to Binance, the world’s largest cryptocurrency exchange by trading volume.
Ripple’s substantial transfer did not remain idle, with the XRP later moved to a second wallet also associated with Binance. Both wallets show activation connections to the exchange. This movement suggests that Ripple may be managing liquidity or facilitating exchange-related operations.
Mini dictionary: Whale Alert, a blockchain tracking platform that monitors and reports large cryptocurrency transactions across major networks, providing real-time updates on fund movements involving exchanges, companies, and prominent wallets.
Pattern of similar XRP transfersData from Whale Alert shows that three additional major XRP transfers occurred within this period, each conveying roughly 99,865,845 tokens. Two of these were movements between wallets already associated with Binance. The earliest transfer highlighted by analyst Xaif originated directly from Ripple’s designated wallet, marking the start of this cluster of activity.
Market and community responseThese latest transactions took place only hours after another nearly 100 million XRP transfer involving Ripple. Several community members on social media argued that such transactions are routine fund movements rather than direct sales into the market. One user said the classification of “unknown wallet” simply reflects labeling conventions, not necessarily evidence of an imminent sale. The same user pointed to $1.55 as a level to watch for XRP.
“Unknown is just a tag, not proof of a sale. $1.55 continues to be a key price for $XRP,” wrote one participant.
Another community member claimed the tokens ended up in a Ripple-controlled wallet, disputing speculation about an imminent market dump by the company. On-chain data supports the assertion that funds have moved between Ripple and Binance-linked wallets, indicating operational rather than market-driven transfers.
At the time of these transactions, XRP traded at $1.47, showing a 2.35% decline on the day. One social media commenter argued the transfers carried no broader significance, while another speculated the move could relate to an acquisition, though no concrete evidence for this has surfaced. In recent years, Ripple has pursued multiple acquisitions to expand the XRP ecosystem and utility, but no new details emerged in connection with these recent transfers.
One observer suggested the community bookmark the large transaction for future reference, though no official links to any specific acquisition activity have been confirmed.
ETF společnosti Bitwise nakoupil XRP v hodnotě více než 10,55 milionu USD, což představuje jeho největší říjnový nákup; ostatní XRP ETF toho dne zaznamenaly odlivy.
Bitwise has expanded its XRP exposure again as institutional investors appear to have shown renewed interest during the last ETF trading session.
After a few days of staying silent, recent market data shows that Bitwise has bought more XRP than it has done so far this month, even though the market is currently volatile.
Bitwise attracts more capital Although XRP has failed to sustain the uptrend seen during the weekend, institutional investors remain convinced about its future price potential.
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As such, they have continued to expand their XRP exposure through Bitwise, as data shows that Bitwise has bought over $10.55 million worth of XRP.
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The purchase came after Bitwise attracted fresh capital into the XRP ETF market, representing the sole capital contributor among all XRP ETFs, as major funds like Franklin Templeton and Canary Capital only recorded withdrawals for the day.
Notably, the move represents the largest XRP purchase Bitwise has made since October began, as it had only recorded little to no inflows in the past few days.
XRP turns bearish While the size of the recent XRP purchase from Bitwise is not entirely significant, the timing of the transaction has made it most noticeable, as it suggests that investors may be buying XRP's dip.
Despite trading above $1.50 earlier this week, XRP has suddenly reversed to a deeper price level in the last day, dropping to around $1.43 earlier today.
The subtle XRP ETF demand through Bitwise marks a major divergence from its current price movement, sparking curiosity about XRP's price potential for the rest of the month.
South Korean crypto traders are shifting away from payment-focused assets such as XRP toward AI-linked cryptocurrencies, with AI tokens emerging as the country’s most traded thematic crypto category by June 2026.
The shift was highlighted in a new Chainalysis report covering crypto activity in East Asia between July 2025 and June 2026. The report measures thematic categories based on their share of trading volume denominated in the Korean won.
AI Crypto Becomes South Korea’s Top Thematic CategoryAI cryptocurrencies became the most popular thematically defined investment category in South Korea by June 2026, surpassing payment tokens such as XRP.
Chainalysis defines AI cryptocurrencies as digital assets linked to AI-focused projects or AI infrastructure. The category accounted for a significantly larger share of won-denominated trading than AI crypto markets in other major currencies.
The report said AI cryptocurrencies had become the “single most popular thematically-defined investment category” in South Korea, overtaking payment tokens such as XRP.
Worldcoin Leads Korean AI Crypto TradingSeveral AI-linked tokens recorded significant trading volumes among South Korean investors during the period covered by the report.
The five leading tokens were:
Worldcoin (WLD): $7.41 billionSAHARA: $3.2 billionVIRTUAL: $2.7 billionBIO: $2 billionNEAR: $1.7 billionThe leadership within the category has also changed. VIRTUAL and KAITO were among the leading AI-related tokens in 2025 before Worldcoin and SAHARA took the lead.
Chainalysis noted that Korean retail traders are moving through the AI crypto category faster and with greater intensity than traders in other markets covered by the report.
South Korea Stands Out In AI Crypto TradingThe strength of South Korea’s AI crypto activity is particularly notable compared with other major currencies.
In June 2026, the Korean won’s AI-crypto trading share was 19.5 times higher than that of the Japanese yen. AI cryptocurrencies accounted for 0.91% of yen-denominated trading, compared with a substantially higher share in the Korean market.
The category represented 1.02% of euro-denominated trading, 0.20% of Brazilian real-denominated trading and just 0.03% of British pound-denominated trading.
Why Korean Traders Are Turning To AI CryptoChainalysis linked the rise in AI-token trading to South Korea’s broader exposure to the artificial intelligence investment cycle.
The country’s stock market has significant exposure to SK Hynix, a major memory-chip manufacturer whose products are used in AI data centers. The report noted that AI-focused crypto trading grew alongside the company’s rise.
South Korea’s crypto market is also heavily driven by retail investors. Francis Kang, executive director of Korea Blockchain Week, described the market as “famously retail-driven,” while Chainalysis noted that Korean retail investors tend to seek high-risk, high-reward opportunities.
South Korea’s Crypto Market Continues To GrowThe shift toward AI cryptocurrencies comes as South Korea’s overall crypto market continues to expand.
South Korea recorded approximately $449 billion in crypto activity during the period covered by the report, marking a 12.3% increase and making it the largest crypto market in East Asia.
The country’s exchange ecosystem also grew by 16.3%, even as the wider East Asian crypto market contracted modestly.
For XRP, the data points to a change in South Korean retail trading preferences. While XRP remains an important asset in the market, AI-linked cryptocurrencies have taken the lead among thematic categories as traders increasingly rotate toward the AI narrative.
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Čistá aktiva amerických ETF na XRP ve třetím čtvrtletí vzrostla o 80 % na rekordních 1,77 miliardy USD. Investiční ředitel Bitwise Matt Hougan přisuzuje zájem poradců dlouhé historii XRP a jeho známému využití v platebním styku.
Bitwise Chief Investment Officer Matt Hougan has argued that XRP’s pull with certain institutional investors, especially financial advisors, rests on two plain considerations: confidence that the asset will still exist years from now, and a set of uses those advisors already recognize.
The comments appear in a video Token Relations posted on September 28, 2026, alongside a note that net assets in US XRP exchange-traded funds had climbed 80 percent through the third quarter to a record $1.77 billion. Hougan said the token “appeals for very simple reasons.”
The first, he explained, is that advisors are confident it is not going away.
Many professionals looking at crypto still ask whether the assets are genuine, whether they will last, and whether they will be around in the future. In his account, XRP’s long operating record and substantial background answer that doubt in a way newer tokens often cannot.
That distinction matters for portfolio construction. An advisor placing client money does not only weigh expected return.
The advisor also has to judge whether the holding is likely to remain a functioning market years later, when the account is reviewed, rebalanced, or passed on.
Hougan framed XRP’s history as the feature that reduces that particular uncertainty.
Belief that an asset will persist is not the same claim as a forecast that its price will rise, and his remarks did not treat price appreciation as the reason advisors are buying.
The second reason is practical familiarity. Hougan said XRP fits real-world applications advisors can already explain.
They follow stablecoins.
They follow cross-currency transfers and the liquidity required to complete those transfers.
They also follow industry news and can assess what developments in that space might mean for the broader XRP community.
Those are subjects already present in conventional market coverage, so the investment case can be discussed in language closer to payments, foreign exchange, and market plumbing than to a purely speculative token story.
XRP ETFs net assets have grown 80% throughout Q3 to an all-time high of $1.77B.@Matt_Hougan, Chief Investment Officer at @Bitwise, on what's driving institutional demand for $XRP:
"XRP appeals for very simple reasons … One is that [financial advisors] are confident it's not… pic.twitter.com/7YXqVPpOj2
— Token Relations (@TokenRelations) September 28, 2026
That framing helps explain why regulated products have become a visible channel even when short-term price action is not the main argument.
Exchange-listed funds let advisors gain exposure through brokerage accounts they already use, without building direct custody for every client.
The third-quarter jump in ETF net assets to $1.77 billion is the backdrop Token Relations used when it published the clip.
Later flow data showed that asset totals and new subscriptions can diverge once the underlying price moves, which is consistent with Hougan’s separation of durability from price performance.
Cumulative inflows across the US spot products remained large after the September 25 peak, while mark-to-market asset values eased as XRP’s market price changed.
Hougan’s firm is itself an issuer in that market.
The Bitwise XRP ETF trades on NYSE Arca and charges a 0.34 percent annual expense ratio.
Updated fund materials around the end of September kept the offering current as shares continued to be issued.
Other sponsors, including Franklin, have also gathered substantial cumulative inflows, so the advisor channel is not limited to a single product.
The remarks describe a narrow form of institutional interest.
It is not a claim that every institution is allocating, or that XRP has displaced bitcoin as the default crypto holding.
It is an account of why some advisors, once they have an exchange-listed vehicle, find XRP easier to underwrite: a long record that speaks to permanence, and applications in stablecoins, cross-currency transfer, and liquidity that they already monitor.
Příspěvek generální ředitelky MoonPay Institutional Caroline Pham s logem Ripple vyvolal spekulace o partnerství týkajícím se XRP. MoonPay ani Ripple však spolupráci ani nové služby nepotvrdily.
A recent social media post from Caroline Pham, CEO of MoonPay Institutional and former Acting Chair of the US Commodity Futures Trading Commission, has ignited fresh speculation about a possible collaboration between MoonPay and Ripple, particularly regarding XRP.
MoonPay CEO connects with RipplePham raised eyebrows after sharing an image of herself pointing to the Ripple logo. Her caption, featuring only the eyes emoji, fueled rumors across the crypto community about a significant development involving the two companies.
Caroline Pham’s involvement is attracting increased attention due to her institutional background in digital asset regulation and her leadership role at MoonPay, a payment platform that facilitates the purchase of cryptocurrencies with fiat currencies.
Ripple, known for developing blockchain-based payment infrastructure, maintains a strong presence in the enterprise segment of digital assets, with a focus on the XRP Ledger and cross-border payments.
Crypto community member Archie speculated that the photo could be a sign of a forthcoming partnership or major initiative related to XRP. Despite this, no official comments or announcements have been made by Pham, MoonPay, or Ripple.
Notably, the only direct hint is the image itself, with no formal statements from either MoonPay or Ripple confirming any partnership or upcoming project as of now.
Possible areas for collaborationArchie discussed the possible synergies between the two businesses, suggesting that a partnership could connect MoonPay’s payment infrastructure with Ripple’s suite of enterprise payment solutions. This could allow easier transitions between fiat and digital currencies for end users, streamlining processes for both institutional and retail customers.
If such integration moved forward, MoonPay could boost support for XRP and Ripple’s stablecoin RLUSD. As both platforms expand their offerings, customers may benefit from faster, more efficient ways to access and use digital assets worldwide.
However, neither company has confirmed any changes to their existing services or plans to enable new XRP-related features, leaving much of the speculation unsubstantiated.
Mini dictionary: RLUSD, Ripple’s US dollar-pegged stablecoin designed to facilitate seamless digital payments and settlements for institutional and retail customers.
Institutional payments could potentially represent another collaboration opportunity, with MoonPay Institutional offering payment solutions to businesses and Ripple driving enterprise blockchain adoption. Their combined expertise may appeal to clients seeking advanced liquidity management or digital asset settlement tools.
Archie implied that the presence of both brands in one image could suggest an unannounced collaboration, arguing, “MoonPay moves money, while Ripple moves value on the ledger.”
Market awaits official detailsDespite the speculation, the market has not received any confirmation of a formal partnership or co-developed services. Pham’s regulatory background could play a strategic role if new institutional offerings are being considered, but her post alone does not constitute an announcement.
Archie urged followers to “expect the unexpected,” reflecting a sense of anticipation among XRP holders and the broader crypto community.
Any potential collaboration would likely depend on the scope of technologies and services integrated, as well as subsequent user adoption. Until further details become available, traders and investors remain attentive to official communications from all parties involved.
The ratio of the circulating XRP supply in profit has surged back above 57%, reaching highs last recorded in January 2026.
This comes as XRP’s price continues to hold above the crucial $1.40 level following the rally witnessed in August and September. For context, after dropping to $0.98 in mid-August, XRP embarked on a rebound campaign, closing August around $1.379, a 30% gain that month.
The uptrend spilled into September, and despite facing periodic roadblocks and selling pressure toward the end of the month, XRP also closed September with another gain, up nearly 8% for the month. While October has introduced a pullback, the August and September gains have already made much of XRP’s supply profitable.
XRP Supply in Profit Rises According to on-chain data provided by market research firm Glassnode, the ratio of the circulating XRP supply in profit has risen to 57.172% as of the time of this press.
XRP Supply in Profit | Source: Glassnode For the uninitiated, this metric measures the percentage of an asset’s circulating supply that is currently in profit. Essentially, it looks out for those XRP coins that investors last moved at prices lower than the current XRP price. It assumes these coin movements refer to purchases.
The latest reading indicates that 57.172% of XRP’s circulating supply was last moved at prices lower than $1.51. For context, XRP currently boasts a circulating supply of 68.4 billion tokens. This indicates that about 39.12 billion XRP is now in profit.
This is an impressive rise from the 37.27% rate recorded on Aug. 16, when the XRP price stood at $0.99. At this rate, only about 25.5 billion XRP tokens were profitable, leaving nearly 43 billion XRP in loss at the time. Now, there are only 29.2 billion XRP tokens in loss, a 42.8% share.
A 9-Month Peak Notably, the recent top in profitable supply represents highs last recorded nine months ago, in January 2026, when prices stood around $2.
As the market-wide downtrend persisted into this year, XRP faced intense selling pressure that resulted in a considerable drop in the percentage of supply in profit. Specifically, on Jan. 5, XRP saw 77.25% in profit as the price rose to $2.4.
However, this figure dropped to 60% two weeks later alongside a decline in prices to $2.06 by Jan. 17. When XRP slumped further to $1.99 the next day, the percent of supply in profit also dropped to 56.27%. Since then, the metric has continued to decline, slipping below 50% by the end of January.
For three months, the percent of XRP supply in profit remained under 50% despite not recording steeper declines. This bearish trend persisted as the XRP price stayed below $1.50.
The metric finally recovered above 50% as XRP’s price hit $1.47 in May. However, this uptrend did not last, leading to a drop toward the 37% low in August, right before XRP’s price recovery resulted in the latest push back above 50%.
The cryptocurrency market slipped into negative territory in early Wednesday trading, as investors awaited upcoming economic reports that could shape sentiment. Market volatility resulted in $607.18 million in liquidated crypto positions, with a pronounced skew toward longs accounting for $541.14 million, while shorts were responsible for $66.22 million.
XRP and major altcoins fall amid broader selloffXRP posted a 3.48% drop over the last 24 hours, trading at $1.44 during the session. Other leading cryptocurrencies experienced even steeper losses, with Ethereum, Dogecoin, Cardano, Uniswap, and Shiba Inu falling between 6% and 11% as the market downturn intensified.
The swift decline caught many XRP investors off guard, particularly those in leveraged long positions. The scale of liquidations indicated that market participants had largely been positioned for further upside, only to be forced out by the rapid drop in prices.
XRP experienced $12.5 million in liquidations in the past 24 hours, with long positions bearing most of the losses, totaling $11.96 million, compared to just $540,210 for shorts. The imbalance reached 2,213%, underscoring the vulnerability of bullish traders during the market reversal.
Liquidation imbalance reveals market leverageThe pronounced 2,213% liquidation imbalance between long and short XRP positions highlighted the extent to which bulls dominated recent market activity. As the broader crypto market shifted lower, leveraged long positions faced forced liquidations, resulting in rapid position closures.
For many market watchers, this substantial disparity pointed to an over-leveraged environment, where optimism about further price increases exposed traders to significant risk when momentum shifted the other way.
Asset24h Liquidations (Total)Longs LiquidatedShorts LiquidatedPrice Change (24h)XRP$12.5 million$11.96 million$540,210-3.48%Crypto Market (Total)$607.18 million$541.14 million$66.22 millionN/AInvestors monitor macro events and network upgradesIn addition to asset volatility, the market’s attention turned to upcoming economic developments. At 2 p.m. ET on Wednesday, the US Federal Reserve will release the minutes from its Federal Open Market Committee (FOMC) meeting, a key event for market participants seeking direction on monetary policy. The September FOMC gathering resulted in the first interest rate hike since 2023. Traders now estimate a 78% probability that the Fed will maintain rates at its next meeting.
On the technical side, three significant amendments—Permissions Delegation, Batch, and fixBatchV1_2—are poised for activation on the XRP Ledger this week if validator support remains above 80%. Permissions Delegation is set for October 8, while fixBatchV1_2 and BatchV1_1 are expected on October 9. These features will only take effect if the threshold for validator backing stays above 80% without interruption; otherwise, the amendments are rejected, and a new 14-day evaluation period begins.
Permissions Delegation, designed for the XRP Ledger, aims to allow accounts to delegate certain transaction permissions without transferring full control. Batch and fixBatchV1_2 amendments focus on enhancing efficiency and addressing bugs related to batch transactions.
Mini dictionary: XRP Ledger Amendment, a formal upgrade proposal requiring validator majority for changes to the protocol, ensuring community agreement before new features are activated.
Evernorth plánuje kvůli administrativnímu zpoždění vstoupit 12. října na burzu Nasdaq pod tickerem XRPN; po fúzi s Armada má držet přibližně 473 milionů XRP.
Evernorth postponed to October 12 the expected start of its listing on Nasdaq under the symbol XRPN, due to an administrative delay. This schedule coincides with two major upgrades of the XRP Ledger, but their activation does not guarantee an increase in XRP, which is trading around $1.46.
In brief Evernorth postpones to October 12 the expected start of its Nasdaq listing under the symbol XRPN. The company is expected to hold approximately 473 million XRP after its merger with Armada. Two major upgrades of the XRP Ledger are expected around October 8 and 9. XRPN will offer indirect exposure to XRP, without equating a direct purchase of the token. The impact on the XRP price will mainly depend on future Evernorth purchases and the actual adoption of new functions. XRP and Evernorth: key dates to watch Shareholders of Armada Acquisition Corp. II approved their merger with Evernorth on September 30. The deal was initially expected to close on October 7, with trading under the symbol XRPN starting the next day.
However, Evernorth announced a slight delay. The company now plans to close the transaction on October 9 and start its listing on October 12. These deadlines remain subject to usual conditions and final Nasdaq approval.
Several events are concentrated over a short period :
The merger between Evernorth and Armada is to be finalized around October 9 ; XRPN stock should begin trading on Nasdaq on October 12 ; Evernorth is expected to hold around 473 million XRP at the time of the transaction ; The company is expected to receive nearly $300 million in gross cash ; Two amendments to the XRP Ledger could be activated on October 8 and 9. Evernorth attributes this schedule change to “an administrative delay that should not affect the closing”. According to the company, it is therefore not a challenge to the deal. However, the postponement reduces the calendar effect highlighted by investors who were expecting multiple simultaneous catalysts.
Evernorth will offer indirect exposure Evernorth intends to become the largest publicly traded company exclusively focused on an XRP treasury. Unlike a company that merely holds its cryptos, it plans to deploy part of its assets into yield strategies, infrastructure, and activities related to the ecosystem.
Its founder, Asheesh Birla, states he wants to build “an actively managed XRP treasury, with the transparency and governance required by public markets”. Ripple, SBI Group, Pantera Capital, Kraken, GSR, and Arrington Capital are among the announced investors.
However, buying an XRPN share will not correspond to directly acquiring XRP. Investors will be exposed to a company owning the token, but also to its fees, governance, allocation choices, and stock market valuation fluctuations.
The listing will not necessarily trigger new purchases equivalent to the expected 473 million XRP. A significant part of this reserve comes from contributions already made in kind. The future effect on demand will mainly depend on the use of the $300 million raised and Evernorth’s treasury decisions.
Two upgrades expected on the XRP Ledger The XRP Ledger is concurrently preparing conditional activation “of PermissionDelegationV1_1 and BatchV1_1”. These amendments must maintain the required support from validators during their entire approval period.
PermissionDelegationV1_1 will allow an account to grant specific permissions to another address without giving full control of its keys. A company could, for example, authorize an operator to perform certain predetermined payments or operations.
This function can facilitate the separation of responsibilities and access control. However, official documentation recommends not to temporarily delegate the PaymentBurn permission until a complementary fix is activated. Other granular permissions are not affected by this warning.
BatchV1_1 will allow grouping up to eight transactions. Depending on the chosen mode, they may be executed entirely or canceled together if one fails. This mechanism can simplify atomic swaps, delivery versus payment settlements, and certain operations on tokenized assets.
XRP still has to break its resistance XRP is trading near $1.46 after a drop of more than 2% in 24 hours. The $1.55 zone constitutes the main short-term resistance, while the $1.45 level serves as the first benchmark in case of a pullback.
A successful Evernorth listing would broaden stock market access to the XRP ecosystem. The new ledger functions could also improve its institutional use. However, none of these events guarantees an immediate demand for the token.
The market will mostly watch later Evernorth purchases, XRPN trading volume, and the actual use of new network features. Without measurable flows or concrete adoption, these announcements could have limited effect on the price.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The XRP community is on alert over a new wave of unidentified projects requesting users' private keys to connect to decentralized applications.
The warning comes amid the rise of so-called "vibe-coded" projects, where applications can be created and deployed quickly by developers whose identities or security practices may be difficult for users to verify.
Along these lines, Robert Kiuru, COO at XRPL Labs and Xaman, shared a strong warning to the XRP community, urging them never to share their private keys under any circumstances. "Your keys are the keys to your kingdom. Keep them private, secure and never enter them anywhere," Kiuru wrote.
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NEVER SHARE YOUR PRIVATE KEYS, UNDER NO CIRCUMSTANCES. YOUR KEYS ARE THE KEYS TO YOUR KINGDOM. KEEP THEM PRIVATE, SECURE, AND NEVER ENTER THEM ANYWHERE.
— Robert @XamanWallet (@robertkiuru) October 7, 2026 An X user, Jenna, pointed out that some vibe-coded XRPL projects with unknown developers are asking users to enter their private keys for Xaman Wallet as a way to connect to their site/app, urging them never to enter their private keys in a random app, with Kiuru engaging with this post.
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This warning, however, extends beyond a single application or project. As development across the XRPL ecosystem accelerates, users may encounter an increasing number of new decentralized applications, making basic wallet security practices increasingly important.
XRP Ledger eyes major developmentsThe warning remains significant as XRP Ledger eyes key developments in the days ahead.
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At the recently concluded XRP Seoul 2026 event, builders shared how they are creating real-world utility on the XRPL, from risk management and RWA to onchain finance.
Through the "Permission Delegation" feature, DeFi activity will run directly on XRPL. Users can borrow XRP from Ethereum liquidity pools, receive RLUSD, and bridge it back to XRPL. The vaults are expected to grow across the ledger.
The native compliance and low settlement costs of the XRPL are making it the choice of institutional builders over general-purpose chains.
Complete on-chain transparency has, however, been a barrier for traditional finance, and to solve this, the XRP Ledger is introducing "confidential transfers" powered by Zero-Knowledge Proofs (ZKPs).
Brevan Howard si vybral Ripple Prime pro služby prime brokerage, clearing a financování napříč tradičními i digitálními aktivy. Využití XRP, RLUSD či XRP Ledgeru nebylo potvrzeno.
Brevan Howard, a global alternative investment manager overseeing approximately $35 billion in assets, has selected Ripple Prime as its provider for multi-asset prime brokerage, clearing, and financing services spanning both traditional financial and digital asset markets. This deepening partnership follows Brevan Howard-affiliated funds’ participation in Ripple’s $500 million strategic investment round scheduled for 2025.
Ripple Prime’s Platform ExpansionRipple Prime emerged as a result of Ripple’s $1.25 billion acquisition of Hidden Road, which granted Ripple ownership of a global multi-asset prime brokerage business. Today, Ripple Prime processes over $3 trillion in annual clearing volume, serving more than 300 institutional clients. Its platform extends across digital assets, foreign exchange, fixed income, derivatives, swaps, and precious metals.
While the acquisition established potential bridges between global financial markets and Ripple’s blockchain solutions, using Ripple Prime is not synonymous with mandatory exposure to XRP in every transaction. The company has explicitly stated that its platform includes support for a wide array of digital assets, as well as conventional investment products.
Uncertainty Over Specific Asset UsageDespite the expansion of this business relationship, Ripple has not specified which assets Brevan Howard will trade through Ripple Prime, nor whether transactions will utilize the XRP Ledger, XRP itself, or RLUSD. Ripple Prime’s US spot brokerage now features both XRP and RLUSD among its offerings, and Ripple has previously discussed their use as institutional collateral. However, the company has yet to confirm the exact mechanisms that Brevan Howard will employ under its new mandate.
Ripple emphasizes its institutional services by stating that both XRP and RLUSD form the foundation of its wider institutional capabilities, and that Ripple Prime is adapting its platform to incorporate blockchain-powered settlement infrastructure for its clients.
This integration opens up several potential avenues for institutional exposure to XRP, including settlement, collateralization, liquidity, or market transfer. Still, none of these routes have been specified in the context of Brevan Howard’s activities with Ripple Prime.
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Stablecoin Growth and RLUSD’s RoleIndustry analysts point to RLUSD as the digital asset with the clearest near-term prospects among Ripple’s offerings. Stablecoin liquidity on the XRP Ledger has recently achieved approximately $1.3 billion, with RLUSD accounting for over 90% of this figure. Ripple continues to develop institutional credit markets anchored in RLUSD and the XRP Ledger ecosystem, targeting increased adoption from institutional clients seeking stable liquidity options.
Despite Ripple’s growing integration of blockchain settlement tools and a diverse range of digital assets, Brevan Howard’s specific use of XRP, RLUSD, or direct blockchain settlement through the XRP Ledger has not been confirmed and remains subject to further disclosures.
On October 6, 2026, Flare announced that Firelight Protocol was live with aggregate staked positions capped at $115 million in $XRP. The launch puts staked FXRP behind cover for Sentora’s USD Protected Vault and Protected RWA Vaults. Sentinel Labs develops and maintains Firelight, while Sentora incubated it.
Firelight pools the capital for every covered vault in one Firelight Vault on Flare. Stakers deposit FXRP into that vault, and the pooled capital backs the full portfolio of coverage elected by participating operators. The capital sits outside the protocols it covers. Stakers receive emissions for supplying it, but their principal and compounded rewards can be slashed when a covered loss is approved.
The initial deployment embeds cover in two Sentora products. The USD Protected Vault allocates across dollar-denominated strategies on established DeFi protocols. The Protected RWA Vaults use strategies around real-world assets, including lending and leveraged looping in markets that accept those assets as collateral. Their underlying strategies continue to run as before. Firelight adds cover against defined protocol failures at the deposit level.
That structure removes a separate purchase step for depositors. A user entering a covered vault receives its protection under terms registered onchain. The user does not need to compare and buy an individual policy. The operator selects the coverage, while Firelight records its scope, parameters, price and capacity.
What the cover can pay for The published launch details name smart contract exploits, oracle failures, governance exploits, bad debt, mechanism-driven depegs and redemption failures as covered event categories. An event still has to satisfy the terms set for the affected vault. Firelight describes the product as coverage rather than insurance.
A payout begins with identifying every eligible active position in the affected market. ZeroShadow, Firelight’s designated security partner, then publishes an exploit report. A five-firm Risk Consortium independently checks the event, confirms the loss and publishes an onchain attestation. Its members are Hypernative, Native, Credora, Cyfrin and GFX Labs. The protocol cannot release a payout until the consortium authorizes the event against the published coverage criteria.
This creates a defined claims path, but it also puts a practical condition on protection. A vault label alone does not determine whether a loss qualifies. Users need the registered terms for that vault and the consortium’s eventual attestation. Operators need to keep the advertised risk scope consistent with the parameters recorded onchain.
Veda and Upshift are integrating Firelight at their infrastructure layers. Operators building on either platform will be able to switch on protection for their own vaults while drawing on the same Firelight Vault. That shared pool is the mechanism Firelight is using to extend capacity beyond the first Sentora products.
For an operator, enabling the integration does not make every loss payable. The operator still needs to select cover with a stated scope, price and capacity. Its users remain subject to the event categories and criteria recorded for that vault. The shared-pool design also connects operator demand to available staker capital. Adding a vault consumes capacity from the same pool that supports existing products, rather than creating a ring-fenced reserve for the new strategy. That makes the registered capacity a practical constraint for both vault marketing and deposit limits.
For depositors, the relevant comparison is between the vault’s published protection and its underlying strategy risk. Firelight can cover the named protocol failures, but the launch does not say that every investment loss or market move qualifies. The consortium’s review and attestation determine whether a reported event meets the terms before capital can be released.
How $XRP enters the protection pool $XRP holders can supply the pool through Flare Smart Accounts. A holder connects a supported XRPL wallet and selects the mint-and-deposit flow. The wallet sends $XRP on XRPL with the instruction attached. Flare’s Data Connector verifies the transaction, FAssets mints FXRP at a 1:1 representation on Flare, and the system deposits the FXRP into Firelight. The holder receives stXRP in a smart account controlled by the originating XRPL address.
The flow does not require the user to hold $FLR. Fees are charged in FXRP. Protocol emissions also stream in FXRP, including fees that operators pay in $USDC and that the system converts before adding them to a staker’s position. Firelight says emissions follow protocol revenue, so the amount available to stakers rises as operators enable more cover.
The return comes with direct exposure to covered losses. The staked deposit has no Firelight cover of its own, and slashing applies to accrued rewards as well as principal. Depositing through a Flare Smart Account also adds contract exposure to the account, FAssets and Firelight layers. Firelight lists OpenZeppelin, Coinspect and 0xMacro as contract auditors and says it completed a public Immunefi bug bounty, but it also states that contract risk remains.
Withdrawals are not immediate. Stakers initiate an exit through the web application and wait through the unstaking period. As cover becomes active, that window increases to match the 30-day coverage periods. A completed withdrawal returns FXRP, which the holder can redeem to $XRP at the XRPL address that opened the position. For allocators, the exit delay and slashing exposure are part of the yield calculation rather than operational details.
Capacity and the open question Flare says capital backing onchain cover equals about 0.14% of nearly $100 billion in DeFi. Firelight starts with a $115 million cap in $XRP on aggregate staked positions. The cap limits the capital available to support the first portfolio, while the exact protection available to each vault depends on its registered capacity and terms.
The broader integrations could add more covered vaults without creating separate capital pools. That may improve capital use, but it also means the same staker pool can stand behind a wider portfolio of risks. The unresolved point is how Firelight will price and allocate capacity as Veda and Upshift operators join, especially when several covered vaults depend on the same protocol, oracle or collateral. Firelight has not published that portfolio-level concentration detail in the launch announcement.
Grayscale adds Anchorage Digital to its XRP ETF custody setup and enables in-kind GXRP creations and redemptions using XRP alongside cash orders.
Grayscale has expanded the operating setup of its XRP ETF, allowing certain institutional participants to move XRP directly into and out of the fund while also adding Anchorage Digital Bank as another custodian.
The changes give the Grayscale XRP Trust ETF (GXRP) more flexibility in how shares are created, redeemed, and backed by XRP.
Grayscale’s Oct. 5 prospectus update adds Anchorage Digital Bank as an additional custodian for GXRP and allows eligible Authorized Participants to create or redeem ETF shares directly with XRP. Source: Grayscale/SEC. The update appears in an Oct. 5 prospectus supplement and related SEC filing. The changes were put in place after agreements signed on Sept. 29. GXRP trades on NYSE Arca.
GXRP Can Now Accept XRP Directly The biggest change concerns how new ETF shares can be created and existing shares redeemed.
GXRP previously relied on cash orders. Under that structure, an Authorized Participant provided cash rather than delivering XRP directly.
Now, eligible Authorized Participants or their designated firms can submit in-kind orders. For a creation, XRP is transferred directly to the trust and corresponding GXRP shares are issued.
For a redemption, the process works in reverse, allowing XRP to leave the trust in exchange for redeemed shares. Cash orders remain available.
This does not mean ordinary GXRP shareholders can take their shares to Grayscale and withdraw XRP.
The in-kind mechanism operates through Authorized Participants. Grayscale’s filing names Macquarie Capital (USA) and Virtu Americas among firms whose agreements were amended to support the process.
For XRP, the change is notable because the primary-market process can now involve the asset itself rather than requiring every creation or redemption to begin with cash.
Anchorage Digital Added Alongside Coinbase Custody Grayscale also added Anchorage Digital Bank as an additional custodian for GXRP’s XRP holdings.
Coinbase Custody remains the fund’s primary custodian, so Grayscale is not replacing its existing custody arrangement. Instead, the sponsor can divide XRP between the two custodians at its discretion.
Grayscale has not yet disclosed how much XRP it intends to move to Anchorage.
The filing says XRP held with Anchorage is expected to remain in cold storage, although some tokens may temporarily move through hot wallets when needed for creations, redemptions, or trust expenses. Grayscale described the extra custodian as part of its risk-management approach as the trust grows.
The two changes affect different parts of GXRP’s infrastructure: Anchorage expands custody options, while in-kind creation and redemption changes how institutional participants can move XRP against ETF shares.
Objem futures na XRP v září dosáhl šestiměsíčního maxima; Binance vedla s 32,36 miliardy USD, následovaná Bybit s 12,5 miliardy USD a OKX s 11,32 miliardy USD.
XRP continues to gain momentum across both its spot and futures markets as trading activity across both markets is also on the rise.
As the trend progresses, the latest onchain data from CryptoQuant shows that the XRP futures market has recorded strong trading activity throughout September.
While this signals sustained interest from traders and liquidity in the derivatives market, it has drawn attention from market watchers as it paints a bullish picture for the asset.
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XRP futures hit 6-month highAccording to the data, XRP futures volume across all major exchanges has continued to increase since August. As such, its futures activity has remained among the highest levels recorded over the past six months.
While the strongest XRP futures growth was witnessed last month, the analyst revealed that September's increase compared with August suggests that traders remained highly active despite futures volumes gradually retreating from earlier record levels.
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With XRP seeing sustained activity in its derivatives market, it appears that demand for leveraged XRP exposure and active positioning among market participants has persisted.
While its futures volume has spiked notably over the past months, this propels XRP toward greater liquidity while positioning its price for upside momentum.
Binance takes dominance Amid the surge in futures activity, the data shows that Binance led all major exchanges in the XRP futures surge in September, recording about $32.36 billion in trading volume.
Meanwhile, Bybit followed closely with about $12.5 billion, while OKX also saw sustained activity, recording $11.32 billion during the month.
Ripple Custody nasazuje službu Gas Station, která automaticky odesílá XRP ze sponzorského účtu k úhradě transakčních poplatků klientů v síti XRP Ledger.
Institutions that hold stablecoins or tokenized assets on the XRP Ledger face a small but real problem: every transaction needs a little XRP to pay the fee. Ripple Custody’s documentation describes a tool built to remove that problem, and it treats XRP as the fuel for those accounts.
What the tool does
The feature is called Gas Station. According to the documentation, Gas Station pays transaction fees for “sponsored” accounts. A firm funds one sponsor account with the network’s native token. When a client account needs to transact but has no native token, the sponsor account sends it the required amount.
On the XRP Ledger, that native token is XRP.
Why institutions would want it
A bank or fintech may hold RLUSD or tokenized assets for thousands of clients. Without a tool like this, each client account would need its own XRP balance just to move funds.
Gas Station uses “just-in-time” funding. It sends XRP only when a fee is actually due, so firms do not have to pre-fund every account. The documentation says this cuts “operational friction” for users who hold non-native tokens.
How it works, step by step
The system detects that an account needs fee funding.It checks whether the account is sponsored, either directly or through its domain.It estimates how much native token is required.The sponsor account sends that amount to the client account.The activity is recorded for audit and monitoring.If no sponsor is found, the transaction waits for manual funding.
Not only XRP
Gas Station is not limited to the XRP Ledger. It also supports Solana, Tron and EVM-compatible networks, and uses each chain’s own token for fees. A sponsor account can only fund accounts on the same network.
What changed in the latest release
Earlier versions used a dedicated “bot user” to sign funding transactions. The current release switches to system-signed intents, where the service authenticates through the firm’s identity provider and holds no user signing key. Existing deployments must set this up or automated funding will stop.
What it means for XRP
The tool gives XRP a working role inside Ripple’s institutional custody product. Every sponsored XRPL transaction needs XRP, and XRPL fees are burned when paid.
The effect on demand should be kept in perspective. A standard XRPL transaction costs a fraction of a cent, so the amount of XRP involved is small. The feature shows how XRP is used in practice more than it changes the token’s supply and demand.
Story Ends Here
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Společnosti Ripple, Circle, QRT a SC Ventures investovaly do burzy OKX při ocenění před investicí ve výši 25 miliard USD. Výše nových investic nebyla zveřejněna.
Ripple, a blockchain firm, has continued its string of investments in the crypto space, becoming part of the consortium of big names investing in crypto exchange OKX.
OKX revealed on Tuesday that the firm had secured investments from Ripple, stablecoin behemoth Circle, quant investment firm Qube Research and Technologies (QRT), and SC Ventures, the VC arm of Standard Chartered. It did this at a valuation of $25 billion (pre-money). Details on the latest investment in the exchange are, however, not disclosed.
The exchange's new round of investment is an extension of its previous funding round. This previous round was led by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. In March, ICE had invested about $200 million in OKX. The valuation then was $25 billion.
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OKX CEO and founder Star Xu revealed that the company did not look for new investors due to a shortage of funds. The company had sought strategic investors aligned with its vision in stablecoins, payments, institutional markets, and financial infrastructure.
OKX is trying to move beyond being a crypto exchange and become a financial technology platform. This platform links crypto markets to traditional finance.
Ripple's investment blitzRipple's investment in OKX is the latest in a string of strategic investments the firm has been making in its bid to expand into the institutional financial market and tokenization.
In August, for instance, the firm announced an investment in two firms: ZILO and Licuido. These firms are focused on digital capital market infrastructure.
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A leadership change has taken place in the most tangible segment of the real-world asset (RWA) tokenization market. XRP Ledger (XRPL), long viewed primarily as a network for cross-border interbank settlements, has officially overtaken Ethereum in the growth of tokenized commodity market capitalization.
Joint data from analytics platforms Token Terminal and RWA Foundation for October 2026 recorded this tectonic shift: since the start of the year, net capital inflows into tokenized commodities on XRPL totaled $2.2 billion. Ethereum attracted $1.6 billion over the same period, moving into second place.
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Other major L1 networks fell well behind the market leaders: Avalanche ranked third with $334.5 million, followed by BNB Chain with $57.5 million.
Why industrial businesses are choosing XRPL over EthereumThe shift in leadership is driven by fundamental differences in the networks' architecture. Unlike Ethereum, where issuing assets involves unpredictable gas costs and requires developers to write complex smart contracts, XRP Ledger lets users tokenize real-world assets at the protocol level. Its built-in IOU mechanism reduces transaction costs to fractions of a cent, while settlement takes just 3–5 seconds.
XRP Ledger leads YTD tokenized commodity market cap growth, ahead of Ethereum, Source: RWA Foundation / Token TerminalThe main driver that enabled XRPL to overtake Ethereum was the energy sector. The largest share of liquidity came from the launch of tokenized electricity-generation contracts, JMWH, by Latin American company Justoken.
Where the new money is goingAccording to on-chain data from RWA.xyz as of October 5, 2026, XRPL's rise to the top triggered a sharp increase in activity across the network:
Monthly RWA transfer volume increased more than 224-fold, reaching a record $7.03 billion.The total value of represented assets (Represented Asset Value) rose 56% in 30 days to $4.52 billion.XRPL's stablecoin market capitalization reached $1.25 billion, largely thanks to the integration of the new native token RLUSD. Monthly stablecoin turnover totaled $5.01 billion. You Might Also Like
Alongside the commodities market, major players from adjacent RWA sectors are beginning to adopt XRPL infrastructure. The ecosystem now includes investment fund Franklin Templeton ($48.3 million), platform Ondo Finance ($187.5 million), and Middle Eastern developer DAMAC, which tokenized pools of ownership stakes in premium Dubai real estate projects Park Ridge Tower, Prive, and J One.
Ethereum retains global dominance in the total value of RWA assets locked, primarily thanks to U.S. government bonds. But in physical goods and commodities, industrial capital has shown a clear preference for Ripple-backed technology.
$XRP has reclaimed the top spot on South Korean crypto exchanges, with the latest data showing the token overtaking Bitcoin in trading volume days after the XRP Seoul 2026 conference wrapped up in the capital.
The move extended a pattern that has become a regular feature of Korean markets.
XRP Seoul 2026 and Institutional Interest The event drew some of the country's most prominent financial names.
XRPL Activity and a Note of Caution Beyond trading volumes, on-chain activity on the XRP Ledger has also been growing. AI infrastructure startup t54.ai reported more than 12 million XRPL robot transactions, pointing to expanded programmatic use of the network beyond simple retail trading.
Analysts caution, however, that the confluence of institutional interest, conference momentum, and on-chain metrics does not automatically translate into sustained token demand. High trading volume can reflect speculative positioning as much as genuine adoption. For now, South Korea remains one of the most closely watched markets for clues on where $XRP moves next.
Sources:
CoinDesk: XRP tops Bitcoin, Ether volumes on major South Korean exchanges
Startup Fortune: Korean Banks Show Up in Force as Ripple Headlines XRP Seoul 2026
Bitcoin Haber: XRP Overtakes Bitcoin and Ethereum in South Korean Trading Volume
In This Article What Changes in the CPOOL-to-CLEAR Migration?More Ledger Utility Does Not Automatically Mean More XRP Ripple DemandWhat Would Make the XRP Catalyst Stronger? Clearpool holders approved an expansion to the XRP Ripple Ledger with 97% support, backing a one-for-one conversion from CPOOL to the new CLEAR token.
But the institutional credit product tied to the move lends and repays in RLUSD, not XRP-a distinction that could lift activity on the ledger without creating much direct demand for XRP.
Governance vote passed ✅
The Clearpool community has approved expansion to the XRP Ledger and the 1:1 migration of CPOOL → CLEAR with 97.16% in favor.
Migration is targeted for Q4. More details on next steps to come 🙏 pic.twitter.com/fyb7hcg5eB
— Clearpool (@ClearpoolFin) October 5, 2026
According to multiple reports, the migration was reported on October 5, 2026, with the transition expected in the fourth quarter. XRP was about $1.51 that day, up 0.8% over 24 hours and 1.9% over seven days.
Clearpool is adding credit infrastructure to XRPL, but the announced product’s dollar-based settlement does not require borrowers to use XRP Ripple tokens, a caveat that investors should be taking note of.
What Changes in the CPOOL-to-CLEAR Migration? CPOOL, Clearpool’s token, will convert to CLEAR at a 1:1 ratio on the XRP Ledger, with an initial circulation of 1.1 billion CLEAR tokens. The token migration changes how transactions are recorded but does not affect Clearpool’s borrowers or loan sizes, as the Ethereum marketplace will continue to operate alongside the XRPL expansion.
Clearpool partners with Ripple and Cicada Partners: Clearpool provides lending infrastructure, Cicada assesses borrowers, and Ripple is a limited partner without loss guarantees. Target borrowers include fintechs and payment processors seeking working capital. Since 2021, Clearpool has facilitated over $930M in loans, while Cicada has underwritten over $ 860M.
Loans are processed in RLUSD, a dollar-pegged stablecoin, with XRP used for network fees that are burned. Clearpool plans to allocate half of its protocol fees to buy back and burn CLEAR, benefiting CLEAR holders but not creating direct demand for XRP. The distinction between RLUSD usage and XRP demand is significant, as using a dollar stablecoin does not equate to needing XRP for loans.
🔥 CLEARPOOL EXPANDS TO XRPL 🔥
Clearpool’s community has approved its expansion to the XRP Ledger with 97.16% support, alongside the migration from CPOOL to CLEAR.
Another institutional credit project is moving toward XRPL.
The infrastructure keeps expanding. pic.twitter.com/Du2sXKTzyC
— John Squire (@TheCryptoSquire) October 6, 2026
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More Ledger Utility Does Not Automatically Mean More XRP Ripple Demand Clearpool’s governance forum describes the XRPL initiative as part of a broader move toward institutional credit, with the lending infrastructure still subject to technical rollout. Its proposal says the product was being tested on XRPL Devnet and that the XLS-65 Single Asset Vaults and XLS-66 Lending Protocol were in the amendment process. Those details make execution-not just the vote-an important part of the story.
For the XRP price case, the primary article’s October 5 snapshot provides difficult context: XRP was down 50% over the prior year and about 59% below its reported $3.65 all-time high from July 2025. It put XRP’s market capitalization near $95 billion, with approximately 63.1 billion tokens circulating against a maximum supply of 100 billion.
A project migration alone is a small demand signal for an asset of that scale. The primary article also notes that Ripple continues to release XRP from escrow reserves over time, another supply factor investors may weigh alongside any new demand.
XRPL activity and XRP demand are related, but they are not interchangeable. The use of RLUSD across Ethereum and the XRP Ledger helps illustrate why a stablecoin can support ledger activity without making XRP the principal asset in a transaction.
(SOURCE: DefiLlama)
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What Would Make the XRP Catalyst Stronger? Bull case: Future Clearpool or Ripple products could use XRP as collateral, require XRP liquidity, or connect currencies through XRP. Those uses would create a more direct link between credit activity and demand for the token, but the current RLUSD-denominated product doesn’t establish them.
Base case: The migration brings a credit platform and more RLUSD activity to XRPL, while XRP’s role remains mainly transaction fees. In that scenario, the ledger gains utility but the price effect stays limited.
Bear case: Loans remain in RLUSD and protocol-fee buybacks support CLEAR, leaving little incremental reason for borrowers or lenders to hold XRP. That would reinforce the distinction between network growth and token demand highlighted by XRP Ledger activity and demand for XRP.
The 97% vote is meaningful evidence that Clearpool intends to expand institutional credit on XRPL. It is not, on its own, evidence of a strong XRP-price catalyst: the announced loans use RLUSD, while the planned fee buybacks target CLEAR.
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BlackRock nadále neplánuje spotový XRP ETF, přestože sedm konkurenčních amerických ETF drží aktiva v hodnotě zhruba 1,77 miliardy USD, což odpovídá 1,9 % oběžné nabídky XRP.
BlackRock, the asset manager overseeing roughly $15 trillion, still has no plans to launch a spot XRP ETF. The firm first said so in August 2025 and has held that position through late September 2026.
A recent Motley Fool analysis argues that BlackRock’s absence is reason enough to be bearish on the token for now.
What BlackRock has actually said In August 2025, after Ripple’s long-running lawsuit with the SEC was resolved, the firm said it had no plans for either an XRP or a Solana ETF. The firm has kept its crypto ETF lineup focused on Bitcoin and Ethereum, two markets where it has launched products and now dominates in the US.
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In September 2025, Robbie Mitchnick, BlackRock’s head of digital assets, laid out a five-factor framework the firm uses to evaluate new crypto ETFs. Those factors are client demand, market value, liquidity, maturity and portfolio fit. Mitchnick ranked client demand as the most important of the five.
By BlackRock’s own criteria, XRP does not currently clear the bar. The firm appears to view the token as falling short on market maturity, liquidity and fit within client portfolios.
The XRP ETF market is moving on without it Seven US issuers have already launched spot XRP ETFs. As of September 25, 2026, those funds collectively held around $1.77 billion in assets. That works out to approximately 1.18 billion XRP tokens, or about 1.9% of the token’s circulating supply.
The Ripple connection that isn’t an XRP connection BlackRock accepts Ripple’s RLUSD stablecoin as collateral in BUIDL, its tokenized Treasury fund. RLUSD is a dollar-pegged stablecoin, designed to hold a steady value. XRP is a volatile crypto asset whose price moves with the market. Accepting the first as collateral says nothing about launching an ETF built on the second.
Why the Motley Fool analyst is bearish BlackRock’s absence from the XRP space is reportedly contributing to a more cautious market outlook on the token compared with Bitcoin and Ethereum. If the largest asset manager on the planet keeps looking at XRP and deciding its clients don’t want it, that is a signal other institutions may notice.
What this means for XRP investors The roughly $1.77 billion already sitting in rival XRP ETFs is a live experiment in whether the token can attract steady institutional flows without BlackRock’s brand attached. If those seven funds keep growing, it would feed directly into the client demand metric that Mitchnick says matters most to BlackRock.
The key data points to track are assets under management across the seven existing XRP ETFs, any change in BlackRock’s public language on the token, and whether the circulating supply share held by ETFs climbs meaningfully above its current 1.9%.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Objem plateb na XRP Ledger za posledních 24 hodin vzrostl o 386 % na zhruba 583,3 milionu XRP, stále však zůstává pod 30denním průměrem 638 milionů XRP.
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XRP Ledger activity has staged a sharp comeback, with payment volume surging 386% over the latest 24-hour period. The rebound brings daily payment volume to approximately 583.3 million XRP, suggesting that network activity is recovering rapidly after a particularly weak reading.
Payments volume in the normal rangeAccording to XRP Ledger data, the current figure remains slightly below the 30-day average of roughly 638 million XRP. A 386% daily increase looks enormous primarily because activity rebounded from an unusually low base. Still, the recovery puts payment volume much closer to its recent normal range.
Source: XRP LedgerThe one-year chart also shows how volatile this metric can be. XRP Ledger has repeatedly recorded daily payment volumes above one billion XRP, with several spikes exceeding two billion. The all-time high stands near seven billion XRP. Consequently, the latest 583 million reading does not represent an exceptional level historically, but the speed of the rebound is notable.
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The next question is whether the recovery can persist. A sustained move above the 638 million 30-day average would provide stronger evidence that transactional activity is accelerating rather than simply normalizing after a weak session. Returning above one billion XRP would make the change considerably more significant.
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Meanwhile, XRP's price is holding relatively firm at approximately $1.51. The asset continues consolidating following September's breakout, when it surged from around $1.30 toward $1.60. Recent price action has formed a relatively narrow range around $1.48–$1.53, despite several failed attempts to resume the rally.
XRP is in comfort zoneTechnically, XRP is doing just fine. XRP trades above its rising short-term moving average around $1.45 and comfortably above the major longer-term averages concentrated around $1.35–$1.40. RSI remains in neutral-to-bullish territory rather than signaling an overheated market.
For another expansion, XRP needs to reclaim approximately $1.55 before challenging the major $1.60–$1.65 resistance region. Conversely, losing $1.45 would materially weaken the current setup.
The 386% payment-volume recovery therefore adds a positive on-chain signal, but one day does not establish a trend. Sustained volumes above the 30-day average would provide much stronger confirmation that XRP Ledger activity is genuinely gaining pace.
XRP is currently trading close to $1.50, reflecting a drop of about 49% compared to the same period last year. This decline comes even as the XRP Ledger (XRPL) achieves new usage milestones that appear disconnected from the price movement of the XRP token.
XRPL network processes $1 trillion in transfersRipple, the blockchain company behind XRPL, reported that the ledger has processed more than $1 trillion in cumulative value between counterparties and handled billions of individual transactions to date. This milestone spotlights the network’s extensive usage over its lifespan, although the figure represents total value transferred, not capital currently held on the platform.
Ripple also noted increased interest from regulated financial institutions in experimenting with tokenized assets on XRPL. At the same time, the network’s stablecoin liquidity continues to grow, and new credit products are under development, highlighting its expansion beyond payment solutions.
Ripple reports that regulated institutions are exploring tokenized assets on the XRP Ledger, while stablecoin liquidity and credit products are expanding across the network.
Expansion into financial asset records and stablecoinsRecent initiatives demonstrate the growing versatility of XRPL. In Brazil, CSD BR, a financial-market infrastructure provider, has begun using XRPL to mirror ownership records for financial assets, starting with shares in the BTG Pactual investment fund. CSD BR manages over BRL 22 trillion in registered assets through its existing systems, which continue to serve as the official source of record.
Mini dictionary: CSD BR is a Brazilian central securities depository that provides infrastructure for financial market operations, including registration and settlement of assets, ensuring transparency and security in the country’s financial markets.
Meanwhile, stablecoins are gaining momentum within XRPL. The total value of stablecoins issued on the ledger recently approached $1.3 billion, with Ripple USD (RLUSD) representing the vast majority of this amount.
MetricValueLifetime value transferred on XRPL$1 trillionStablecoin supply on XRPL$1.3 billionXRP price (current)$1.50XRP price change (1 year)-49%Credit products and implications for XRP demandClearpool, a decentralized lending protocol, is preparing to launch institutional credit products on XRPL. The company stated it has already issued over $965 million in loans across existing platforms and intends to introduce RLUSD-based lending solutions on the ledger.
However, higher activity on XRPL does not directly lead to increased demand for the XRP token itself. Tokenized funds can be transacted on XRPL without participants needing to acquire large XRP holdings. Dollar-based transactions can clear in RLUSD, while XRP’s primary use is for network fees and as a source of liquidity.
The gap between XRPL’s growing network activity and weak XRP price reflects the reality that widespread adoption alone does not automatically drive token demand or appreciation.
This divergence suggests that broader adoption on XRPL must eventually translate into greater liquidity, increased transaction usage, or improved investor outlook if it is to have a meaningful impact on the valuation of XRP.
Ripple [XRP] and XRP Ledger have been two sides of a coin for the longest time. Is that about to change?
Ripple wants XRP to fund payments At XRP Seoul 2026 on 3rd October, Ripple President Monica Long discussed moving customer transaction volume directly onto XRPL. She went on to add that the company wants to expand a payment pilot that runs through the ledger’s DEX. They’d also link the payments business with the lending plumbing being built on XRPL.
The lending part of it all is very important here.
Ripple already has credit pilots in motion, and the proposal is for XRP to be in lending pools that could fund Ripple’s payment customers. With this, the native token would actually be a source of income for the businesses. That’s a very different job from just shuttling money between banks.
Could it move the token’s price? Yes, but also…no.
A very busy ledger and a more valuable token aren’t the same thing, and XRP holders need the second.
Can any of this help XRP? So far, the market isn’t paying for the plan.
At the time of writing, XRP was trading at $1.49; down 1.7% in 24 hours. The token has spent two weeks between $1.47 and $1.55 since going up near $1.65 in late September.
Source: TradingView Pace wasn’t that great either. RSI was near-neutral at 55. Chaikin Money Flow was back at zero after most of September in the red. That implied that while the sellers have been shaken off, the buyers haven’t showed up either.
The derivatives side of things also looked similar.
Source: Coinalyze Open interest (OI) was flat at about $1.45 billion, and funding was back to a mild 0.0079%. This, after a brief negative turn a few days prior.
If Ripple actually turns XRP into loan capital for payment businesses, that could change.
Final Summary Ripple wants to move customer payment volume onto the XRP Ledger in 2027. The native token’s mild reaction proves that traders don’t care enough right now.
Investoři do XRP 1. října realizovali čistý zisk ve výši 258,189 milionu USD, což byla nejvyšší denní hodnota v roce 2026, přestože XRP během seance vzrostlo jen o 0,27 %.
XRP investors recorded a major profit-taking event on Oct. 1, 2026, with the market posting $258 million in net realized profit in a single trading session.
According to Glassnode’s on-chain data, this marked the largest daily realized profit XRP has recorded in 2026. Interestingly, this occurred on a day when XRP saw limited price movement.
For context, XRP gained 0.27% on Oct. 1, closing the day at $1.4934. The price briefly climbed to around $1.51, but the session did not witness any sharp rally or major price catalyst. Despite the quiet price action, investors realized more profit that day than during any other session this year.
What the XRP Realized Profit Shows For the uninitiated, net realized profit shows the difference between what investors originally paid for XRP and the price at which they later sold or transferred their tokens.
As a result, a large realized profit figure does not necessarily mean the asset posted a large daily gain. It could indicate large amounts of XRP changing hands after investors bought the tokens at much lower prices.
This appears to have happened on Oct. 1. Essentially, investors moved large amounts of XRP at a profit while the price traded around $1.50.
XRP Net Realized Profit | Source: Glassnode The $258.189 million figure shows that holders locked in substantial profits even though XRP gained only 0.27% during the session. The profit-taking also added selling pressure around $1.51, which made it harder for the price to move higher.
The XRP Rally in August XRP’s performance in August 2026 helped create the conditions for the October profit-taking. Specifically, XRP gained 36.9% during August, making it the third-best August in the asset’s history. The rally followed a low of $0.98 on Aug. 19.
Investors who bought XRP near the $0.98 August low had built significant unrealized gains by the time the price remained above $1.40 through September and into October.
When XRP moved toward $1.51 on Oct. 1, these investors could lock in gains of more than $0.50 per token. With large amounts of XRP involved, these gains help explain how the market reached $258.189 million in realized profit.
Quiet Trading Came Before the Large Exit Glassnode data shows that XRP’s net realized profit/loss ranged from a low of -$1.575 million to a high of only $8.24 million during the five days before Oct. 1. This suggests that investors were largely holding their XRP tokens during this period until Oct. 1.
The Oct. 1 figure also broke the previous 2026 record, which involved $188.575 million worth of profit on Jan. 5. For context, XRP gained 12.28% that day, with this impressive push setting the stage for the yearly peak of $2.41 the next day.
XRP also recorded several notable realized-profit figures earlier in the year, although none came close to the Oct. 1 reading. The market recorded $70.3 million in net realized profit on March 12. During the August 20-25 recovery period, daily figures ranged between $24.1 million and $69.4 million.
XRPL nasadil devátý Smart Escrow Devnet, což je podle RippleX významný krok k zavedení programovatelných úschov. Migrace WebAssembly z C++ do Rustu zrychlila hostitelská volání o 30 až 50 %.
The XRP Ledger (XRPL) continues its journey toward the deployment of programmable escrow features as developers just deployed the ninth release of the Smart Escrow Devnet.
Mayukha Vadari, a senior software engineer at RippleX and one of the authors of the Smart Escrows proposal, said it's a "big step toward launch." She added that they are still in the process of reviewing and testing the Smart Escrows framework before the release.
"Programmability on the XRPL keeps moving," said Vadari.
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Those who are trying out the Smart Escrow tech would need to update their configurations for the new Devnet.
Big tech overhaulThe ninth release includes a lot of under-the-hood changes. One of the key changes in this release is the full migration of the WebAssembly virtual machine integration from C++ to Rust.
Vadari said this new architecture brings a single point of entry for gas accounting, error handling, and checks. Moreover, this migration improved performance by 30%–50% for every host function call.
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In addition, the developers also updated the names of host functions, fields in the ledger, result codes for the transaction engine, and the entry point for execution with production-ready names.
Smart Escrow explainedThe standard XRPL escrows allow users to lock funds for a certain period of time or wait until some cryptographic condition is met. With Smart Escrow, you can add a small WebAssembly program to the escrow itself.
This program can decide whether to allow the escrow to complete. This gives the opportunity to have much more complex release conditions.
As described in the XLS-100 proposal, Smart Escrows is the initial layer of programmability for the XRP Ledger. Possible use cases for Smart Escrows could include approvals from a notary, holding for compliance reasons, real estate deals, auctions, and other conditional peer-to-peer arrangements.
In theory, the assets can only be released from the escrow if some approval is entered, if some compliance check is fulfilled, or if some external information is provided via an oracle that satisfies certain criteria.
Účast čtyř jihokorejských finančních institucí na XRP Seoul nepotvrzuje, že používají XRP pro vypořádání plateb. Zveřejněné informace neuvádějí konkrétní dohody o vypořádání v XRP ani objemy XRP transakcí.
In This Article What Does the Partnership Actually Mean for XRP Ripple SettlementWhat the Seoul Participants’ Disclosed Activity ShowsWhat Would Confirm Bank-Driven XRP Ripple Demand? XRP Ripple is trading at $1.52 on October 5, as four Korean financial institutions appeared alongside Ripple at XRP Seoul. The event put institutional adoption in the spotlight, but a stage appearance and a Ripple relationship do not prove a bank is buying or settling payments in XRP.
Reports named Woori Bank, Kbank and Kyobo Securities, while leaving the fourth participant uncertain between Jeonbuk Bank and Kakao Bank. Ripple also introduced XRP Asia as a regional initiative to promote the XRP Ledger.
The distinction matters for XRP holders because using Ripple’s products does not necessarily create demand for the token. A Ripple Payments partnership with Jeonbuk Bank, for example, signals use of Ripple’s payment infrastructure, not automatically XRP settlement.
Today in Seoul, at $XRP Seoul with Ripple as title sponsor:
Kbank. Kyobo Securities. Woori Bank. JB Bank.
Four Korean financial firms on one stage, talking cross-border payments and tokenized deposits.
→ JB Bank already settles cross-border payments through Ripple Payments.… pic.twitter.com/XMxswi0tbD
— DexDad (@DexDadHQ) October 3, 2026
What Does the Partnership Actually Mean for XRP Ripple Settlement Ripple payment software can help a bank communicate who should be paid, how much they should receive, and in which currency. That arrangement can operate using conventional money such as dollars, won, or yen, without routing the payment through XRP.
A different model uses XRP as a bridge asset: value is converted from the sending currency into XRP, transferred through the XRP Ledger, then converted into the recipient’s currency. In that setup, XRP is part of the settlement path. Whether that creates meaningful token demand depends on transaction activity and other details, not just a bank’s relationship with Ripple.
According to reports, Ripple Payments may settle using local currencies, Ripple’s RLUSD stablecoin, or XRP. That is why a claim that a bank uses Ripple Payments does not identify which asset it uses.
Similarly, a custodian holding XRP for clients is safeguarding the token, not necessarily using it to settle payments; growth in Ripple’s stablecoin ecosystem also does not, by itself, establish greater demand for XRP.
What the Seoul Participants’ Disclosed Activity Shows The 24/7 Wall St. report noted that Kbank launched a Ripple remittance pilot in April 2026 for the UAE and Thailand, but did not identify XRP as the settlement asset or specify payment volumes.
Jeonbuk Bank uses Ripple Payments for cross-border settlements, but it’s unclear if it was the fourth participant in the Seoul event. Kyobo Life is working with Ripple to settle tokenized government bonds, while Woori Bank collaborates with BDACS, a custodian managing XRP for institutions; neither confirms XRP use in transactions.
These activities involve different aspects of Ripple’s technology and do not provide evidence of XRP’s use as a settlement asset. The disclosures did not confirm any specific XRP settlement agreements or volumes, despite Ripple President Monica Long’s comments on future growth for the XRP Ledger.
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What Would Confirm Bank-Driven XRP Ripple Demand? Listen to what the President of Ripple just said, because she said it calmly and most people will scroll straight past it.
Pools of XRP, loaned into the pool, used as collateral, to fund payments for Ripple's customers.
Her words: payments credit meets the XRP Ledger.
Here is… pic.twitter.com/rAOwzrzi0G
— Jacob Marquez (@JacobMarquez__) October 3, 2026
The event signals public institutional exposure to Ripple-related products, but the XRP Seoul event page cautions that participation alone does not establish a partnership or affiliation. That caveat is particularly relevant to Woori Bank’s BDACS custody connection: the report describes XRP being held for institutional clients, not a Ripple contract or payment route involving the bank.
The report also notes that publicly identified XRP users have largely been payment companies rather than banks, citing Japan’s SBI Remit and its transfers to the Philippines since 2021. That example shows how XRP can be used in payments, but it does not establish that the Korean institutions have adopted the same model.
The clearest evidence would be a formal agreement that explicitly names XRP as the settlement asset and specifies transaction volumes. Payment or wallet data showing actual XRP routing would further strengthen the case.
Until then, Ripple’s institutional footprint is a meaningful development for its business and ecosystem, but it is not a measured XRP-demand catalyst; if the partnerships rely on software, custody, or stablecoins instead, direct demand for XRP remains unconfirmed.
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Alex Ioannou
On-Chain Journalist
Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
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David Schwartz hájil nízké poplatky v síti XRP Ledger: příjmy z poplatků jsou podle něj ukazatelem tření, které uživatelům dosud nebylo odstraněno. Poplatky se spalují; dosud bylo spáleno 14 403 762 XRP.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Ripple CTO Emeritus David Schwartz defended XRP Ledger's near-zero fees in a recent X conversation. An X user asked the Ripple CTO Emeritus for his perspective on XRP Ledger's relatively low fees compared with other Layer 1 blockchains.
According to the X user, investors and analysts increasingly value L1s by fee revenue, and by that metric XRP Ledger looks tiny, because its base fee is a fraction of a cent.
The X user noted that XRP Ledger is different in a way the market overlooks: fees aren't paid to validators; they are burned instead. "So on XRPL, fee revenue is really permanent supply reduction for every XRP holder," he noted.
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On the XRP Ledger, transaction fees are systematically burned, applying deflationary pressure to XRP's permanently capped 100 billion total supply. Since the XRP Ledger's inception, 14,403,762 XRP (0.014% of the supply) has been burned, according to XRPscan data. This low burn rate is due to the relatively low transaction fees.
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The X user suggested the XRP Ledger could consider increasing its transaction fees to generate a greater volume of XRP burned: "validators could vote the base fee up modestly, say 10x or even 100x, and transactions would still cost well under a cent while burn volume rises meaningfully."
The X user asked whether XRP Ledger's near-zero fees matter more for payments and tokenization adoption, with Schwartz justifying the low fees on the network.
XRP Ledger low fees explainedXRP Ledger network's fast and cheap transactions relative to other public blockchains make it particularly attractive for institutional use at scale.
@Holo_Thunder I think fee revenue is a terrible metric since it measures how much friction the chain *didn't* remove. If you represent the people who collect the fees, then fees are great. But what about the people who *pay* the fees? Who cares about their interests?
— David 'JoelKatz' Schwartz (@JoelKatz) October 4, 2026 "I get that cheap, fast settlement is the whole point. But if the market insists on judging chains by fees, is there a case for XRPL leaning into it? Or does near zero cost matter more for payments and tokenization adoption?" the X user asked.
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In response, Schwartz, an original architect of the XRP Ledger, pushed back against using fee revenue to primarily evaluate Layer-1 blockchains, arguing that the metric can overlook the interests of network users.
"I think fee revenue is a terrible metric since it measures how much friction the chain 'didn't' remove," Schwartz said.
"If you represent the people who collect the fees, then fees are great. But what about the people who 'pay' the fees? Who cares about their interests?" Schwartz argued.
XRPL’s stablecoin market capitalization climbed to approximately $1.32 billion as of October 3, according to data from DefiLlama. The figure marks a 14.6% increase over seven days, as $169 million was added to the network’s stablecoin supply. This growth has brought XRPL close to Avalanche and Plasma in the ranking of blockchains by stablecoin capitalization.
RLUSD’s increasing dominanceRipple’s RLUSD stablecoin continues to dominate the XRPL network, representing just over 93% of all stablecoin value held there. Snapshot data for October 3 indicated about $1.24 billion of RLUSD on the ledger, with only minor fluctuations in its share since then. RLUSD’s rise has sharply accelerated in 2024.
In June, XRPL overtook Ethereum as the largest network for RLUSD, with approximately $801 million of the stablecoin held on XRPL at that time. RLUSD circulation has since surpassed $2.4 billion, backed by reserves in excess of $2.53 billion. Ripple stated RLUSD remains fully backed by segregated cash and cash-equivalent reserves and can be redeemed 1:1 for U.S. dollars.
Ripple documentation emphasizes that RLUSD is always backed by segregated, liquid reserves and is available for direct redemption at par value for the U.S. dollar.
The distinction between key components of the network is important: RLUSD is the stablecoin issued by Ripple, while XRP continues as the native digital asset powering the XRP Ledger.
Stablecoin integration and network infrastructureOn XRPL, RLUSD is issued using the ledger’s native token infrastructure. Accounts seeking to hold RLUSD must establish trust lines for the stablecoin, and transactions involving RLUSD settle through the XRP Ledger itself. Additionally, setting up a trust line for RLUSD requires maintaining an XRP account reserve, integrating XRP’s utility into the stablecoin’s circulation mechanics.
Although the growing adoption of RLUSD on XRPL raises overall network activity, each new issuance of the stablecoin does not directly translate to equal demand for XRP. The reserve requirement creates a connection but not a one-to-one correlation between RLUSD’s growth and XRP’s transactional demand.
Mini dictionary: DefiLlama – A leading data platform tracking decentralized finance metrics, including blockchain TVL (Total Value Locked) and stablecoin capitalization across protocols.
Shifting usage on the XRP LedgerCoinpaper previously reported that the introduction of RLUSD, alongside assets like FXRP and native lending solutions, is expanding XRPL’s role beyond traditional payments. The latest stablecoin growth further supports this trend, as the network now hosts substantial dollar-denominated liquidity in tandem with XRP settlement functions.
BlockchainStablecoin Supply (Approx.)Main StablecoinRecent 7-Day ChangeXRPL$1.32 billionRLUSD+14.6%AvalancheNear XRPL levelVariesN/APlasmaNear XRPL levelVariesN/AThese developments reflect XRPL’s strengthening position in the blockchain ecosystem and indicate that stablecoins, led by RLUSD, are likely to play an increasingly central role on the network in the months ahead.
Infinex přidal NEAR Chain Signatures a NEAR Intents, takže uživatelé mohou přes platformu spravovat Bitcoin, Dogecoin a XRP bez samostatných mostů a peněženek. Tím zjednodušuje transakce mezi různými blockchainy.
Infinex has introduced NEAR Chain Signatures and NEAR Intents, allowing its users to manage assets like Bitcoin, Dogecoin, and XRP directly through the platform. This move removes the need to operate distinct bridges or individual wallets for every blockchain, significantly simplifying cross-chain transactions.
Unified Cross-Chain AccessWith this integration, Infinex leverages NEAR’s chain-abstraction infrastructure. This system enables applications to interact with multiple different blockchains via a single, unified interface. NEAR Chain Signatures deploy a multi-party computation network overseen by NEAR validators, authorizing transactions on external blockchains securely.
As a result, users can handle assets not native to a specific chain without interacting with the complexities underlying cross-chain actions.
Mini dictionary: NEAR Chain Signatures use a decentralized network of parties to jointly sign and authorize actions on other blockchains. This approach improves security and flexibility in cross-chain asset management by preventing any single party from controlling the process.
According to NEAR protocol documentation, NEAR Intents offers connectivity with 31 different blockchains and supports over 100 digital assets. The cross-chain settlement process typically completes in about 30 seconds.
NEAR’s mechanism employs “solvers”—automated services—which compete to execute users’ requests and route their transactions across networks. Instead of requiring individuals to select a bridge or execution path, users simply specify their desired outcome. The protocol then manages task routing and settlement in the background.
Examples detailed in NEAR’s bridging guides include transfers such as BTC to TON, XRP to Arbitrum, and DOGE to Base. These routes highlight the potential to bring assets from non-EVM chains into broader blockchain ecosystems via a single protocol layer.
This approach redefines Infinex’s integration as more than adding another bridge. It enables assets like Bitcoin, Dogecoin, and XRP to be accessible across a wider array of decentralized applications, broadening their usability within the blockchain space.
NEAR’s Strategic Shift to Cross-Chain InfrastructureNEAR, a smart contract platform originally launched as a Layer 1 blockchain, is now seeking to establish itself as a universal execution layer and cross-chain infrastructure provider. The protocol describes its Intents network as a liquidity layer supporting wallets, DeFi platforms, and AI-driven agents, signaling a move beyond its origins.
The network claims more than $30 billion in total trading volume, spanning activity across 35 blockchains. NEAR’s approach aligns with a wider industry trend of minimizing user reliance on traditional, often complex bridge workflows in favor of seamless cross-chain operability.
NEAR highlights that its Intents network provides cross-chain settlement in around 30 seconds, connecting over 100 assets across 31 blockchains without requiring users to manage technical processes or select individual bridges.
With platforms like Infinex adopting these tools, NEAR aims to position itself at the forefront of cross-chain application development, offering a simplified experience for managing digital assets in multi-chain environments.
Ripple na konferenci v Soulu oznámil přípravu nového úvěrového protokolu na XRP Ledgeru, který má institucím umožnit používat XRP jako zástavu pro financování plateb zákazníků. Cílí hlavně na vydavatele kreditních karet.
Ripple is advancing its payment infrastructure by preparing to launch a new lending protocol on the XRP Ledger that could reshape how financial institutions fund customer payments. At the XRP Seoul conference in South Korea, Ripple President Monica Long introduced a mechanism designed to place XRP at the center of the collateral process for large-scale payment providers, particularly those issuing credit cards.
Ripple’s institutional ambitions at XRP SeoulLong explained that Ripple is actively developing and integrating a lending protocol within the XRP Ledger. This protocol, once activated, will enable pools of XRP to be lent out as collateral to support the payment flows of Ripple’s enterprise customers. She drew a direct connection to credit card institutions, outlining a vision where “payments credit meets XRP Ledger and the lending protocol” to facilitate new forms of funding within payment networks.
According to Long, the necessary infrastructure for this system already exists on the XRP Ledger, with efforts now focused on bringing the lending protocol to operational status. Long emphasized that this project is not merely theoretical—integration and development efforts are already in progress.
Ripple President Monica Long stated that the lending protocol is designed to allow credit card institutions and other businesses to use XRP as collateral when funding customer payments.
Amelie, a well-known crypto influencer in the XRP community, highlighted Long’s remarks to her audience, underlining the opportunity for real-world adoption and strategic growth for XRP.
Mini dictionary: XRP Ledger, the decentralized blockchain powered by XRP and developed by Ripple, supports fast and low-cost currency exchanges and payments for banks and financial institutions.
Impact on XRP demand and community responseAmelie described this initiative as a direct catalyst for XRP’s price and adoption prospects. Establishing XRP as the required collateral for institutional payment flows would drive demand, since organizations would need to acquire and hold substantial XRP balances to participate. This shift could produce continuous, structural buying pressure, distinguishing it from short-term trading or speculative movements.
Institutions integrating this system—such as credit card issuers—would be expected to maintain specific XRP reserves proportionate to their payment volumes. As transactional activity rises, so does the collateral requirement, transitioning XRP further toward a role as a utility asset within institutional finance.
XRP RoleBefore Lending ProtocolAfter Lending ProtocolMain usageBridge currency for cross-border paymentsCollateral for credit and lending in paymentsInstitutional holdingOptional, transactionalRequired, structuralSource of demandSpeculative/adoption-drivenCollateral-backed, utility-drivenReactions within the XRP community showcased a range of emotions. Some users expressed confidence that the system would reach active production and encouraged patience, citing the complexity and long-term potential of the infrastructure being developed. Others voiced frustration about the lack of immediate impact on XRP’s price, emphasizing their expectation for tangible results and market reactions.
Some XRP holders maintain optimism about the protocol’s progress, highlighting the scale and ambition of Ripple’s ongoing development, while others await visible effects on price performance.
Institutional adoption and next stepsThe Seoul conference underscored Ripple’s strategy to expand XRP’s function to a collateral asset used within financial products, shifting its role beyond merely enabling cross-border payments. This integration of lending capabilities with institutional payment networks could position XRP as core infrastructure within enterprise-grade payment solutions.
For investors monitoring XRP’s real-world usage, Long’s statements provided clear confirmation that development is not only ongoing but also approaching a major milestone. Activating the lending protocol on the XRP Ledger will be the critical turning point where these plans transition into real-world implementation.
Ripple přidal do XRPL důvěrné převody pro instituce. Confidential Transfers skrývají zůstatky a částky převodů, zatímco validátoři stále ověřují platnost transakcí.
Ripple, a leading blockchain company focused on enterprise crypto solutions, has introduced selective confidentiality directly into the XRP Ledger (XRPL) protocol. This development aims to address privacy concerns for institutional users without relying on a separate or private version of XRPL. Instead, Ripple is embedding confidentiality at the core protocol level to combine public transaction settlement with private financial information.
Selective confidentiality on the public ledgerThe official documentation for XRPL’s Confidential Transfers outlines the use of EC-ElGamal encryption and zero-knowledge proofs as foundational technologies. These cryptographic methods help conceal Multi-Purpose Token balances and transfer amounts from being visible on the public blockchain, while still allowing verifiers to confirm transaction validity.
With this structure, validators can approve that transactions meet system requirements without accessing the underlying transaction amounts. At the same time, issuers have the capability to designate specific auditors who can decrypt balances for compliance and regulatory checks, ensuring responsible oversight in financial operations.
This balance provides banks and regulated institutions with a model that preserves the transparency benefits of blockchain—such as public settlement—while maintaining privacy over sensitive financial details.
Mini dictionary: EC-ElGamal encryption is a public-key cryptosystem considered secure for both confidentiality and supporting zero-knowledge proofs; zero-knowledge proofs allow validators to confirm the validity of a statement without revealing any other information.
Institutional features and regulatory complianceThe XRPL 3.3.0 protocol upgrade introduced ConfidentialTransfer for amendment voting, alongside other new features aimed at institutional requirements such as Batch processing and Permission Delegation. These updates reinforce XRPL’s strategic push toward serving regulated entities and facilitating compliance in decentralized finance frameworks.
Developers are also testing permissioned liquidity pools that limit Automated Market Maker (AMM) participation to credentialed users. When paired with features such as Credentials, Permissioned Domains, and confidential token transfers, the system is increasingly positioned as regulated financial infrastructure—distinct from anonymous open DeFi models but still built on a public blockchain foundation.
Potential use cases for confidential transfersRipple has highlighted confidential collateral as a key use case for institutions. In this model, a financial entity can provide proof that sufficient collateral exists to meet regulatory requirements without revealing the actual size of the client’s position, trading counterparties, or specific strategies.
Ripple’s institutional DeFi roadmap references applications including proof of reserves, private settlements, and compliance verification, all of which may benefit from integrating zero-knowledge technology into public blockchain systems.
This approach underscores Ripple’s emphasis on compliance with privacy, aligning with growing demand from banks and regulated firms seeking both transparency and confidentiality in their blockchain transactions.
Ripple has revealed the agenda for Swell 2026, highlighting “the first year of a spot XRP ETF” as a key topic for its Institutional track. Other main themes include bank-grade digital asset infrastructure and the integration of artificial intelligence in payments. The annual conference, set for New York, will gather about 1,500 participants and for the first time merge Swell with two other major events, Apex and UBRI Connect, which focus on the XRP Ledger and academic blockchain research, respectively.
XRP ETFs build institutional momentumSpot XRP exchange-traded funds only recently received regulatory approval in the US, marking a significant shift in the asset’s accessibility for institutional investors. Earlier this year, Ripple stated that the availability of spot ETFs has helped move XRP from over-the-counter desks and private placements into broader institutional portfolios.
Coinpaper reported that cumulative inflows to XRP ETFs reached approximately $1.7 billion by mid-September, despite XRP trading well below its record high. This influx of institutional capital has made ETF demand a central theme for the asset, driving dialogue about its evolving role in professional markets.
MetricValueXRP ETF inflows (mid-September 2026)$1.7 billionStrongest weekly inflows (late August 2026)$110.49 millionParticipants at Swell 20261,500SEC oversight and evolving ETF productsThe US Securities and Exchange Commission (SEC) recently disclosed that a post-effective amendment for the Bitwise XRP ETF became effective on September 28, indicating continued development in the regulated ETF product landscape. This regulatory attention points to an industry still refining its offerings instead of plateauing after the first launches.
Mini dictionary: Apex is an annual summit dedicated to the XRP Ledger ecosystem, bringing together developers, enterprises, and the broader community to discuss protocol advancements and use cases.
Speakers announced by Ripple include executives from Intercontinental Exchange, major banks, asset managers, fintech firms, and digital asset infrastructure providers. These participants will discuss XRP ETFs alongside topics like tokenized collateral and advanced market plumbing, positioning XRP ETFs as a key component within institutional investment frameworks rather than as isolated crypto products.
Institutional demand and price actionInstitutional interest in XRP ETFs has become increasingly important, as noted by the divergence between regulated ETF flow and XRP’s spot price performance. In late August, XRP ETFs saw record weekly inflows of $110.49 million even while XRP’s market price was declining.
Despite a strong wave of inflows into XRP ETFs during their top week of 2026, the asset’s price continued to fall, highlighting that institutional investment does not always result in short-term price gains.
This separation between ETF inflows and price action suggests that regulated capital, while significant, does not unilaterally dictate price trends in the short term. The theme is expected to feature heavily as institutional audiences review the asset’s first year in the spot ETF format at Swell 2026.
On October 2, American XRP ETFs recorded net outflows of 3.28 million dollars, exclusively concentrated on the Bitwise fund. However, their assets experienced a decline of 37 million dollars during the session, a gap notably triggered by the drop in the price of Ripple’s cryptocurrency.
In brief XRP ETFs recorded net outflows of $3.28 million on October 2. Bitwise alone concentrates all outflows observed during the session. The combined assets of XRP ETFs fell by $37 million in one day. The gap is mainly explained by the drop in XRP price, not by massive sales. Despite this negative session, the cumulative collection of XRP ETFs remains largely positive. ETFs lose $37M, but only $3.28M goes out The cumulative net assets of XRP ETFs went from $1.695 billion on October 1 to $1.658 billion the next day. This 37 million decrease does not mean investors withdrew an equivalent amount.
Actual redemptions are limited to 3.28 million dollars. The difference, close to 33.7 million dollars, mainly comes from the depreciation of XRP held by the funds. The key figures allow us to distinguish these two phenomena :
3.28 million dollars actually left the ETFs ; The Bitwise XRP fund concentrates all withdrawals ; The other listed products recorded no net flow ; Combined assets fell to $1.658 billion ; Historic net inflows remain close to $1.79 billion. A net outflow corresponds to investors reselling their shares, possibly forcing the manager to reduce reserves. Conversely, a decrease in assets can simply reflect the XRP variation, without any holder leaving the fund.
The XRP drop explains most of the decline XRP rose up to about $1.55 on October 2 before falling to around $1.44 at the end of the US session. It then traded around $1.49, representing a daily drop of more than 3%.
This correction automatically reduces the net asset value of XRP ETFs. These products hold tokens to mirror their price: when XRP loses value, their assets under management decrease even if investors keep all their shares.
The movement is also part of a broader market pullback. Bitcoin dropped from around $87,220 to below $85,000, dragging several altcoins along with it. The contraction of XRP fund assets therefore does not necessarily reflect distrust unique to Ripple.
The gap between $1.79 billion in cumulative inflows and current assets of $1.658 billion reaches about $133 million. However, this amount does not represent a realized loss for all investors. It notably reflects the variation in token value, while the individual result depends on the price at which each holder bought or sold their shares.
Bitwise alone concentrates ETF outflows The Bitwise fund recorded all $3.28 million of outflows observed on October 2. Yet it remains the leading product in the category in terms of collection, with about $677 million in cumulative net inflows.
Franklin Templeton follows with nearly $505 million, ahead of the Canary Capital fund, which totals about $490 million. None of these competing products showed net movement during the session.
This is not the first time Bitwise has concentrated a negative day. On September 2, XRP ETFs had $7.2 million in outflows, already entirely attributable to its fund. Its size and liquidity can make it the preferred vehicle for investors wishing to quickly adjust their exposure.
One day alone is therefore not enough to identify a lasting trend. The concentration of outflows on a specific product offers a different perspective than a movement that would have simultaneously affected all managers.
ETFs maintain a largely positive collection Outflows come after a favorable period. Between September 22 and 25, XRP funds attracted about $75.6 million. Their net collection over the entire month reached 121.4 million.
October had also started with $4.07 million in inflows before the reversal the next day. The $3.28 million withdrawn therefore do not erase either this first positive session or the amounts accumulated since the launch of the products.
XRP ETFs now represent about 1.79% of the token’s total capitalization. However, their $1.658 billion in assets remain lower than the $1.91 billion held by Solana ETFs.
The next sessions will determine if Bitwise’s withdrawal remains isolated. It will be especially important to observe both net flows and the XRP price: without this distinction, another drop in assets could be mistakenly interpreted as a wave of investor sales.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Ripple oznámil, že konference Swell 2026 v New Yorku poprvé propojí Swell, summit Apex zaměřený na technologii XRP Ledger, a UBRI Connect, akademickou blockchainovou iniciativu, do jedné akce s lídry z BNY, ICE, TD Securities a Robinhood. Očekává se účast asi 1 500 lidí.
Ripple has announced that the Swell 2026 event in New York will bring together senior leaders from major financial institutions, including BNY, Intercontinental Exchange (ICE), TD Securities, and Robinhood. The conference, set to attract approximately 1,500 participants, will for the first time integrate Swell, the Apex summit focused on XRP Ledger technology, and UBRI Connect, an academic blockchain initiative, into a single event.
Prominent Financial Leaders to Discuss Industry TransformationThe event’s guest list reflects Ripple’s ambition to strengthen connections across various areas of traditional and digital finance. Each institution is positioned to address distinct elements such as custody, trading, liquidity, stablecoins, tokenized securities, and broad consumer access.
Representing Bank of New York Mellon (BNY), Laide Majiyagbe is scheduled to lead a discussion on how tokenized money-market funds, stablecoins, liquidity, and settlement innovations are influencing institutional markets. This collaboration between Ripple and BNY has moved beyond discussion; BNY was chosen as the primary custodian for RLUSD reserves, with this arrangement beginning in 2025.
Ripple’s RLUSD reserves have recently grown to about $2.53 billion, with a circulating supply now over $2.4 billion, enhancing the importance of BNY’s custodial role.
Ripple aims to connect diverse sectors of finance, from custody and stablecoins to trading, onchain securities, and consumer access, by assembling industry leaders from global banks, exchanges, and fintech platforms.
ICE, a global operator of financial exchanges and clearing houses and parent company of the New York Stock Exchange, adds perspective on market infrastructure. Michael Blaugrund, ICE’s Vice President of Strategic Initiatives and a former NYSE Chief Operating Officer, will speak on institutional adoption of tokenized equities, digital funds, and collateral management.
Mini dictionary: RLUSD, acronym for Ripple Liquidity USD, is Ripple’s institutional-grade stablecoin designed for settlement and liquidity purposes in digital asset markets.
TD Securities and Robinhood Extend the ConversationTD Securities, a Canadian investment bank and capital markets firm, will also participate through Elizabeth St-Onge, who is set to join a panel exploring the future of digital currency models. The discussion will consider whether market dominance will rest with single-issuer stablecoins or consortium-driven approaches.
Ripple’s RLUSD has become increasingly embedded in institutional liquidity solutions, including payments, tokenized assets, and prospective lending structures on the XRP Ledger (XRPL).
Robinhood, a US-based trading platform known for providing retail access to stocks and cryptocurrencies, will be represented by its Head of Crypto, Johann Kerbrat. He and Ripple President Monica Long will examine the growing convergence between retail and institutional participation in the digital asset ecosystem.
Industry experts from major banks, trading houses, and platforms will address how stablecoins and tokenized assets are reshaping liquidity, access, and market structure.
XRP Asia spustila v Singapuru a Ripple chce v roce 2027 přesunout více zákaznických plateb na XRPL. Firma zároveň rozšiřuje pilotní projekt s DEX a propojení plateb s úvěrovou infrastrukturou.
TLDR: XRP Asia launches in Singapore as Ripple prepares to route more customer payment volume onto XRPL in 2027. Ripple’s 1 billion XRP developer commitment supports Asia expansion, including Japan and Korea funding. Ripple plans to expand an XRPL DEX payments pilot while linking payment customers with lending infrastructure. XLS-66 would enable fixed-term uncollateralized XRPL loans, but validator approval is still required. XRP Asia has launched as a Singapore-based regional organization while Ripple prepares a broader 2027 push to move more customer activity onto the XRP Ledger. The October 3 debut links regional ecosystem development with a company-wide payments strategy centered on routing more transaction volume, liquidity, and credit activity through XRPL.
The XRP Ledger Foundation said the group will support builders, startups, and regional communities. Jointly founded by Ripple and the foundation, it is led by Sabrina Tachdjian.
XRP Asia Launch Supports Ripple’s 2027 XRPL Payments Push The organization plans to build from established communities in Korea and Japan while extending its programs into additional technology hubs across the region. Its developer programs will include learning resources, system-integrator training, hackathons, office hours, and ship-it clinics designed to help teams move projects toward deployment.
Startup support will extend beyond engineering through go-to-market assistance, partner introductions, incubation, grant connections, joint events, and introductions to relevant investors. That approach follows earlier ecosystem investment.
Ripple created an XRPL Japan and Korea Fund under its 1 billion XRP developer-support commitment. Tens of millions of dollars were targeted toward opportunities in those markets. The company also expanded university blockchain research across South Korea, Japan, Singapore, Taiwan, and Australia.
XRP Asia debuted alongside XRP Seoul 2026, where sessions covered payments, tokenized deposits, and on-chain finance involving banks and securities firms. The agenda also featured Tachdjian and Ripple executive Tatsuya Kohrogi discussing what comes next for the XRP ecosystem across the region.
Ripple Connects 2027 Payments Plans With XRPL Credit At the Seoul event, Ripple President Monica Long said the company is discussing a 2027 objective to route more customer transaction volume directly onto XRPL. The strategy includes infrastructure already built for payments and an expanded pilot using the ledger’s decentralized exchange within the company’s payments operations.
Beyond transaction routing, the company plans to deepen its credit business by connecting payment customers with XRPL lending infrastructure. Long said XRP deposited into lending pools could provide funding for payment customers, linking pooled liquidity with credit used within the payments business.
One component is XLS-66, an XRPL-native proposal for fixed-term, uncollateralized loans funded through pooled assets held in Single Asset Vaults. Under the specification, credit assessment and risk management remain off-chain.
The ledger would handle loan creation, repayments, and defaults. However, XLS-66 remains a draft amendment and requires validator approval before mainnet activation, meaning the proposed lending structure is not yet live.
That makes regional ecosystem expansion relevant to the same ledger infrastructure targeted for payments and lending. Together, the regional builder network and 2027 payments plan connect developer growth with potential institutional transaction, liquidity, and credit activity on XRPL.
Ripple vrátil do escrow 700 milionů XRP v hodnotě přes 1 miliardu USD, čímž omezil okamžitý dopad říjnového uvolnění na nabídku. XRP zároveň naráží na resistance v pásmu 1,54 až 1,59 USD.
Ripple recently returned 700 million XRP, valued at more than $1 billion, to escrow accounts following the scheduled October token release. This move has put renewed focus on both XRP’s available supply and its short-term price trend.
XRP price hovers near key resistanceXRP traded at approximately $1.49 in early October, with the price repeatedly testing the $1.55 range but struggling to hold above it. Technical analysts have highlighted the $1.54 to $1.59 zone as an area of significant selling pressure. Analysts such as Xaif Crypto have identified resistance in this band and see support between $1.44 and $1.47.
According to Xaif Crypto, a decisive move above $1.54 to $1.56 could signal a stronger short-term recovery for XRP, while a drop below support could trigger a deeper decline. On the upside, a sustained breakthrough above the resistance zone may attract further buying interest.
XRP’s near-term outlook depends on how it handles the $1.59 barrier, which several analysts see as defining the next momentum shift.
Another chart review by TheaG_eii singles out $1.59 as a trigger for a potential momentum change, defining the $1.54 to $1.59 region as a supply zone. The analysis also points to $1.39 and $1.29 as areas of interest if XRP faces rejection at resistance.
In recent weeks, XRP’s price climbed as high as $1.65 on September 23 and $1.62 on September 25 but retreated to around $1.50, demonstrating the difficulty of holding gains above resistance levels.
A daily or weekly close above $1.59 would be a clear technical signal, while the market remains confined by established overhead resistance and the $1.44 to $1.47 support band for now.
LevelSupportResistanceCurrent$1.44–$1.47$1.54–$1.59Potential breakout$1.39, $1.29$1.70, $1.75Ripple returns 700 million XRP to escrowRipple, a financial technology company known for its global payments network, conducted its monthly scheduled XRP escrow transactions at the start of October. The company initially unlocked 1 billion XRP in four separate transactions: 400 million, 200 million, 300 million, and 100 million tokens. Shortly after, Ripple returned 700 million tokens—valued at $1.05 billion based on market prices—to new escrow contracts, executed in two large tranches of 400 million and 300 million tokens.
This activity forms part of Ripple’s long-standing escrow system, initiated in 2017, which unlocks up to 1 billion XRP at the start of each month. Historically, the company returns a substantial portion of these tokens to escrow, smoothing out the impact on circulating supply.
Following the October activity, about 31.845 billion XRP remained in escrow, according to estimates by TheStreet. Out of the 1 billion tokens released, 300 million were left outside escrow contracts. As a result, the latest monthly release did not directly inject the entire $1 billion amount into the market.
Ripple’s predictable monthly transactions are closely watched by traders, who see the net change in circulating supply as more significant than the gross tokens unlocked each month.
Mini dictionary: Ripple, a US-based technology company, is best known for its XRP Ledger and software solutions aimed at simplifying cross-border payments for financial institutions.
XRP price scenarios in focusWith XRP trading near $1.49, the market is closely monitoring whether buyers can push the token above the $1.59 technical barrier, as recent attempts around $1.55 have not held. Xaif Crypto suggests that a move above resistance could send the price toward $1.75, while CarolinaTCWNL outlines a sequence of targets at $1.43, $1.50, $1.58, $1.62, and $1.75 following the market’s rejection near $1.70.
If XRP closes above $1.59 on a daily or weekly basis, analysts argue it would mark a significant shift, confirming support at previous resistance and opening the door for further upside.
However, until such a breakout is confirmed, the $1.44 to $1.47 range will remain a critical support area. A decline below this band could prompt a shift toward lower support zones, as identified by technical observers.
Ripple’s escrow transaction lowers the immediate impact of October’s token release on circulating supply, though 300 million tokens remain outside of escrow and could affect short-term liquidity. Market participants are therefore focused primarily on price chart patterns and whether the $1.59 level will act as a ceiling or give way to renewed buying momentum.
XRP Asia oficiálně spustila iniciativu s cílem podpořit růst a adopci XRP Ledgeru v Asii. První velké vystoupení proběhne v Soulu, kde má zaznít i oznámení pro ekosystém XRP v regionu.
The XRP Ledger now has a dedicated regional cheerleader. XRP Asia has officially launched with a mission to promote growth and adoption of the XRP Ledger, or XRPL, across Asia.
XRP Asia is led by President Sabrina Tachdjian. She joins from the Hedera Foundation, where she served as VP of Fintech & Payments.
Seoul gets the first big stage XRP Asia’s first major public moment is already scheduled. Tachdjian is set to speak at an event titled “Special Announcement: What’s Coming Next for the XRP Ecosystem in Asia.”
The session is slated for October 3, 2026, at the Grand Hyatt Seoul during Korea Blockchain Week. It will be co-presented with Tatsuya Kohrogi of Ripple.
South Korean institutions including Woori Bank and Kakao Bank are slated to participate in the XRP Seoul event.
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Discussion topics are expected to cover cross-border payments and tokenized deposits. Think of a tokenized deposit as an ordinary bank balance that has been given a digital twin on a blockchain. The money is still a bank deposit, but it can move with the speed and programmability of a crypto token.
Japan already has a head start Ripple already has a notable regional foothold through SBI Ripple Asia, a joint venture between SBI Holdings and Ripple.
SBI Ripple Asia’s token issuance platform was registered under Japan’s Fund Settlement Act on March 26, 2026. Registration under it gives the platform an official stamp to operate.
The regulatory green light was followed by an announcement in early April 2026 that development of the full platform was complete.
Daily XRP trading on leading South Korean exchanges such as Upbit has surpassed the volumes recorded on several major global platforms.
Upgrades on the technical side The XRPL itself is also due for changes around the same window. Upcoming protocol upgrades named Batch and Permission Delegation are planned for early October 2026.
What this means A dedicated body, a Ripple executive on stage, and two Korean banks in attendance form a clearer institutional narrative than XRP has historically had in Asia.
Tachdjian’s move from the Hedera Foundation to XRP Asia illustrates how competitive the race for institutional blockchain business has become.
Japan’s Fund Settlement Act registration for SBI Ripple Asia shows that a compliant path exists in at least one major Asian market.
The key dates to circle are early October 2026, when the Batch and Permission Delegation upgrades are planned, and October 3, 2026, when the Seoul announcement is set to take place.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
A sharp divergence has emerged in the crypto market between Evernorth’s new treasury stock, XRPN, and the underlying XRP token. On October 2, crypto commentator Nate observed that XRPN, the stock associated with Evernorth’s XRP holdings, soared by 68.25% in a single day and posted a 272.6% increase on the week.
XRPN listing triggers market disconnectEvernorth Holdings, a digital asset treasury company focused on XRP, recently completed a merger with Armada Acquisition Corp. II, a special purpose acquisition company (SPAC). Armada shareholders voted to approve the business combination on September 30, and the announcement followed on October 1. XRPN, now listed on Nasdaq, is scheduled to officially begin trading on October 8.
Evernorth holds the position as the largest XRP treasury among public companies, managing approximately 473 million XRP. The firm’s backers include Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR. The deal raised over $1 billion in new funds for Evernorth’s operations.
Unlike passive crypto funds, Evernorth aims to actively manage its substantial XRP assets through lending, liquidity provision, and participation in on-chain projects. The management’s objective is to grow the amount of XRP per share with an active strategy rather than simple holding.
Mini dictionary: SPAC (Special Purpose Acquisition Company), a publicly traded company created to merge with or acquire a private company, enabling the target to be publicly listed more quickly than through a traditional IPO.
XRP price drops despite positive newsWhile news of Evernorth’s public listing would be expected to bolster XRP’s price, the token declined by 2.67% to $1.46, trading on $4 billion in 24-hour volume. Market participants voiced their frustration at this counterintuitive move, as Evernorth’s concentrated XRP holdings and institutional backing were considered positive drivers.
XRPN’s stock soared before trading had even officially begun, while XRP slipped in value despite news that could have increased institutional demand.
Evernorth’s listing theoretically simplifies institutional access to XRP by enabling traditional investors to gain exposure through regulated stock markets, without needing to hold the token directly. This increased visibility was anticipated to generate additional demand and price support for XRP.
AssetOne-day changeHeld by EvernorthCurrent statusXRPN (Nasdaq)+68.25%N/A (Stock represents XRP holding)Will begin trading Oct 8XRP (token)-2.67%473 million (held by Evernorth)Actively tradingCommunity reaction and skepticismThe sudden rise in XRPN prompted confusion among market observers. Several community members noted that XRPN’s stock price had jumped ahead of its formal launch. Some commenters expressed concern that early investors and insiders might be benefiting disproportionately, raising questions about exit liquidity for long-held XRP positions.
Skepticism persists within parts of the XRP investor base, with some individuals repeating long-standing criticisms about the token’s inability to capitalize on ostensibly favorable developments. Uncertainty remains around whether XRPN’s trading debut will meaningfully affect the price of XRP itself.
Many community members questioned how XRPN could rally while the underlying XRP asset slipped, underscoring persistent doubts about market dynamics and fairness.
Outlook for XRPN and XRPAs XRP’s price dipped and XRPN’s valuation rose dramatically, attention turned to whether this gap will close once XRPN begins formal trading on Nasdaq. The relationship between public XRP treasuries like Evernorth and the token’s market value remains the subject of intense debate.
XRP Asia se oficiálně spustila a v Soulu představila plán na urychlení adopce XRP Ledgeru mezi bankami v Asii. Na pódiu byly i Woori Bank a Kakao Bank.
XRP Asia officially launched on October 3, 2026, and it did not start quietly. The newly formed regional body debuted with a live session at the Grand Hyatt Seoul during Korea Blockchain Week.
Its mandate: accelerate XRP Asia Ledger adoption across the region, support builders, and bring banks onto the rails.
Woori Bank and Kakao Bank were among the institutions on stage alongside Ripple’s Tatsuya Kohrogi, signalling that this is not a community-only play.
Korean Banks Are Already Moving, XRP Asia Arrives as Rails Go Live Leading the entity is President Sabrina Tachdjian, who previously served as VP of Fintech and Payments at the Hedera Foundation.
That background matters. Tachdjian brings regulated-finance experience at a moment when XRP Asia is trying to move Korean and broader Asian institutions past pilots and into production.
The launch lands on a foundation of real deployments, not promises.
South Korea’s Jeonbuk Bank already replaced multi-day SWIFT windows with real-time Ripple Payments, a shift that showed cross-border rails can run inside a regulated Korean bank.
Shortly after, SBI and Kyobo completed a direct yen-to-won stablecoin transfer, a pilot that skipped the dollar leg entirely for the first time in the Japan-Korea corridor.
Retail appetite in Korea is equally visible. XRP has repeatedly led volume on Upbit, including stretches where weekly exchange volume hit roughly $8 billion on South Korea’s top exchange.
That kind of retail flow gives institutions a liquid market to build around.
In Japan, SBI Ripple Asia went further. The joint venture registered a regulated token issuance platform under Japan’s Fund Settlement Act in March 2026, completing an institutional-grade bridge between XRPL and Japanese financial law.
SBI Holdings has also moved to deepen that position, signing a deal to acquire Bitbank, a timeline that tightens Japan’s XRP banking stack.
Protocol Upgrades Add Institutional Tooling at the Right Moment The timing of XRP Asia’s launch aligns with two protocol changes that matter for banks.
Permission Delegation and Batch amendments are inside the early-October activation window on XRPL.
Permission Delegation lets one account grant another narrowly scoped rights, payments, compliance approvals, without sharing master keys.
That is built for bank-style separation of duties. Batch allows grouped transactions to settle or fail together, enabling atomic multi-party flows.
RippleX shipped an audited Batch V1.1, and the amendment has now entered its validator vote, a step that moves atomic settlement from proposal to near-activation.
For the institutions at Seoul discussing tokenized deposits and cross-border payments, these are not background upgrades. They are infrastructure the use cases depend on.
The ledger’s credibility with institutions also stretches beyond Asia.
South Africa’s Absa became the first African bank to offer XRPL-based custody, a data point that frames the ledger as a global bank stack, not a regional experiment.
The Bank for International Settlements has also used XRPL to anchor official statistics, making data tamper-proof, a use case that adds regulatory legitimacy to what the Seoul sessions are pitching.
The XRP Ledger Foundation welcomed the new entity, noting that APAC is already one of the most active parts of the XRPL ecosystem. BankXRP framed it more directly.
Asia is deploying financial rails while Western regulatory debate continues. Ripple eyes the $155 trillion cross-border payments market, and the Seoul event suggests Korean banks are now a named part of that plan.
XRP Asia has officially launched at XRP Seoul 2026, with a focus on growing the XRP Ledger (XRPL) across the Asia Pacific region. The new group aims to bring more businesses, developers, and financial institutions onto the network.
The launch comes just before two major XRPL upgrades, Batch and Permission Delegation, planned for early October 2026.
XRP Asia is led by Sabrina Tachdjian, former vice president of the Hedera Foundation. She is set to speak on 3 Oct, at the Grand Hyatt Seoul during Korea Blockchain Week at an event titled “Special Announcement: What’s Coming Next for the XRP Ecosystem in Asia.”
The event also featured representatives from Woori Bank, K Bank and JB Bank in a panel on cross-border payments and tokenized deposits.
Its strategy covers four areas, technology, startup success, community, and marketing.
The group plans to support developers through training, micro-grants, early stage investments, and go-to-market support. Its focus also extends beyond DeFi to retail applications, AI-based payments and non-financial enterprise use cases.
XRP Moves From Payments Toward CreditThe next phase will move beyond ecosystem building. At XRP Seoul 2026, Ripple President Monica Long said the company plans to connect the XRP Ledger (XRPL) with payment infrastructure.
She further said,
“We are running credit-related pilots with the goal of activation next year.
The plan includes using pooled XRP as collateral to help fund customer payments
The plan follows SBI Ripple Asia approval under Japan’s Payment Services Act as a Third-Party Prepaid Payment Instrument Issuer, supporting regulated prepaid token activity on the XRPL
October Core Protocol UpgradesThe regional rollout is also arriving alongside two planned protocol upgrades, including Permission Delegation Infrastructure and Batch Amendment.
First, the Permission Delegation Infrastructure update is set for 8 Oct. It will allow companies to delegate transaction signing without giving up control of their main wallets.
Second, the Batch Amendment is set for 9 Oct. It will allow multiple transactions to be grouped and processed in a single ledger entry, helping improve speed and efficiency for high-volume activity.
Both upgrades will need more than 80% validator support during the activation period.
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Chainalysis připsala zářijovou krádež 387 milionů USD na Bitgetu severokorejským aktérům. Uvedla, že tímto útokem přesáhly krádeže kryptoměn spojené se Severní Koreou v roce 2026 hranici 1 miliardy USD.
Chainalysis attributed the September 24 theft of $387 million from Bitget to North Korean actors, according to its October 1 investigation report.
The firm said the attack brought crypto thefts linked to North Korea above $1 billion in 2026.
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Within three hours, the stolen funds moved in 23 transfers across Ethereum, XRP, Zcash and Tron. Chainalysis put their shares at 49.7%, 40.8%, 7.6% and 1.8%, respectively.
Attackers converted stolen XRP into Bitcoin through a cross-chain liquidity protocol. Investigators matched deposits with payouts and followed tens of millions of dollars to attacker-controlled Bitcoin addresses.
Chainalysis said AI-built automation reduced one bridge-reconciliation task from more than 20 hours to under 10 minutes. Human investigators reviewed outputs and directed the work.
The firm said it would continue monitoring destination addresses and sharing information with exchanges and law enforcement.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Akcionáři Armada Acquisition Corp. II schválili fúzi s Evernorth Holdings, která má 8. října 2026 debutovat na burze Nasdaq pod tickerem XRPN. Firma plánuje držet asi 473 milionů XRP.
Evernorth Holdings has cleared a decisive shareholder hurdle on the way to a planned Nasdaq listing, after investors in its blank-check merger partner backed the deal that would turn the firm into a publicly traded vehicle centered on XRP.
Evernorth and Armada Acquisition Corp. II said on October 1, 2026, that Armada’s shareholders approved the proposed combination at an extraordinary general meeting held the day before.
The vote removes one of the last formal obstacles before closing.
The parties still expect the transaction to finish on October 7, provided the remaining customary conditions are satisfied or waived.
Class A common stock of the combined company, which will continue under the Evernorth Holdings name, is then scheduled to start trading on Nasdaq on October 8 under the ticker XRPN.
The financing picture is large relative to most single-token treasury listings.
Together, the business combination and related private placements have brought in more than $1 billion.
Cash expected from the deal is more modest: roughly $300 million in gross proceeds before expenses, made up of about $225 million from associated private placements, $30 million of additional convertible-note financing, and approximately $48 million left in the SPAC trust.
Backers have also put XRP into the transaction directly.
On that basis, Evernorth expects to hold about 473 million XRP when the deal closes, a balance the company says would make it the largest pure-play XRP treasury listed on a public exchange.Support from committed capital looks intact.
The companies said every advanced and delayed funder is still participating.
The investor roster includes Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others.
Founder and chief executive Asheesh Birla framed the listing as a regulated, transparent route for investors who want XRP exposure and a stake in the broader blockchain economy, and he thanked shareholders for backing the final stretch of the deal.
Armada itself is a special purpose acquisition company sponsored by Arrington XRP Capital Fund, LP.
It was formed on October 3, 2024, and is led by chief executive Taryn Naidu, with Michael Arrington as chairman and Kyle Horton as chief financial officer.
Once public, Evernorth intends to operate as a digital asset treasury that gives holders liquid exposure to XRP, rather than simply parking tokens.
Management has said it will try to increase XRP per share over time through yield approaches, participation in the token’s ecosystem, and capital-markets activity.
The path to the vote ran through US securities disclosure.
A registration statement on Form S-4 covering the combination and related placements was declared effective by the Securities and Exchange Commission on August 27, 2026, after which the definitive proxy materials went to Armada holders.
An SEC filing on the meeting shows a quorum: 21,877,045 common shares, about 69 percent of those entitled to vote, were represented in person or by proxy.
The business-combination proposal passed with 20,514,034 votes in favor, 1,362,081 against, and 930 abstentions.
A related merger resolution passed on a similar margin.
Approval does not by itself complete the listing.
Closing still depends on leftover conditions, and the share price will remain tied to a volatile token, redemption levels in the SPAC trust, and whether the company can meet and keep Nasdaq standards. Even so, the September 30 vote moves Evernorth from a pending SPAC merger to a near-term public debut as one of the more closely watched XRP treasury structures in US markets.
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