Odaily News: Evernorth, a company focused on XRP treasury management, has completed its SPAC merger and plans to list on Nasdaq. The company currently holds approximately $672 million in XRP assets.Evernorth stated that it will increase its XRP holdings through lending, liquidity provision, and other yield strategies, and enhance the amount of XRP corresponding to each share.Additionally, Evernorth has appointed Hugo Jeandesboz, former Co-Chief Investment Officer at Coinbase Asset Management, as Chief Investment Officer, responsible for the company's investment strategy. (The Block)

Odaily Report: Standard Chartered has announced that it is providing institutional custody services for Ripple USD (RLUSD) issued on the XRP Ledger (XRPL) through its DIFC branch, which is regulated by the Dubai Financial Services Authority (DFSA). Standard Chartered is collaborating with Ripple and LMAX Group, with plans to include RLUSD within the scope of eligible collateral for LMAX Group products. Under the collateral mirroring model, institutional clients can use RLUSD for trading without needing to transfer it directly to the trading venue. This feature is still subject to final documentation, testing, and regulatory approvals before it can go live.

Odaily Report: On-chain detective ZachXBT retweeted the XRP Ledger Foundation's explanation regarding a previous critical security vulnerability and criticized its bug bounty mechanism.ZachXBT stated that XRPL, which holds billions of dollars in assets, only paid a $250,000 reward to the white hat hacker who discovered the critical vulnerability. He believes that this level of reward could weaken security researchers' incentive to proactively report vulnerabilities, and may even encourage attackers to exploit vulnerabilities for massive gains rather than responsibly disclosing the issue.Previously, the XRP Ledger Foundation confirmed that the vulnerability could theoretically bypass the XRP total supply limit, but no additional XRP was found to have been created as a result, and the vulnerability has been fixed through version 3.4.1.

According to Odaily, data from SoSoValue shows that during last week's trading days (October 5 to October 9, U.S. Eastern Time), XRP spot ETFs recorded net inflows of $11.3068 million.The XRP spot ETF with the largest net inflow last week was Bitwise ETF XRP, with weekly net inflows of $10.5514 million, bringing its total historical net inflow to $688 million. It was followed by Franklin Templeton's ETF XRPZ, with weekly net inflows of $4.0962 million, bringing its total historical net inflow to $509 million.The XRP spot ETF with the largest net outflow last week was Canary ETF XRPC, with weekly net outflows of $3.3407 million, bringing its total historical net inflow to $487 million.As of press time, the total net asset value of XRP spot ETFs stands at $1.57 billion, with the ETF net asset ratio (market value as a proportion of XRP's total market capitalization) reaching 1.80%, and cumulative historical net inflows having reached $1.80 billion.

1. Ledger Updates on Hardware Wallet Theft Incident: All Affected Devices Came from CryptoBilis; Ledger's Own Systems and Official Direct Sales Channels Were Unaffected;2. XRP Ledger Foundation: Confirms No New XRP Was Created, Critical Vulnerability Has Been Patched;3. Billionaire Adam Weitsman Announces He Has Purchased 117 Pudgy Penguins NFTs On-Chain;4. SlowMist Cosine: Ledger Flex May Also Be Involved in the CryptoBilis Incident;5. First Case of a Ledger Stax Implanted with Unauthorized Hardware Discovered, Capable of Transmitting User Seed Phrases to Attackers;6. Arthur Hayes: FLOP Testnet Planned for Launch in the Coming Weeks;7. Ethereum Foundation-Linked Wallet Transfers 4,393 ETH to Kraken, Worth $11.13 Million;8. Russia's Largest Exchange, Moscow Exchange, Plans to Launch Regulated Cryptocurrency Trading on December 1.

Odaily News: The XRP Ledger Foundation posted on the X platform to clarify the recent XRP Ledger security vulnerability incident, stating that the vulnerability could potentially have been used to bypass the limit that fixes XRP's total supply at 100 billion, but it was fixed two weeks ago via version 3.4.1. Furthermore, upon verification, no new XRP was found to have been created, and the total amount of XRP currently circulating on the ledger is approximately 99.986 billion.The Foundation stated that the vulnerability would have required hundreds of deliberately constructed operations to trigger, and normal payment transactions would almost never involve it. In the future, it will strengthen formal verification, AI adversarial testing, security research collaboration, and bug bounty programs with RippleX and the community. Regarding the fix process, the Foundation explained that publicly releasing a patch could allow attackers to use AI to accelerate vulnerability analysis. To address this situation, the XRPL community engaged in coordination. Participating parties including the XRP Ledger Foundation, RippleX, core developers, and validators reached a social consensus and agreed to adopt the approach of directly releasing the fix. In addition, version 3.4.1 only became a version the network was required to adopt after going through the normal amendment voting process and receiving support from more than 80% of validators for two consecutive weeks. Protocol changes still need to be completed through the amendment mechanism.Previously, RippleX engineering lead J. Ayo Akinyele also posted on the X platform, stating that he attaches great importance to the recently disclosed critical vulnerability in the XRP Ledger (XRPL) payment engine. This vulnerability is a serious security issue that has existed in the codebase for more than 10 years and could theoretically lead to the over-creation of XRP, breaking through the fixed supply cap. However, before the vulnerability could be exploited, it was discovered by the security research firm Veria AI through Ripple's bug bounty program.

1. Trader Rune: PaperTrade documentation mentions a protocol-level "vulnerability" risk related to BBO price manipulation;2. RippleX responds to critical XRPL vulnerability: theoretical risk of XRP over-issuance existed, now patched;3. Worth $31.93 million, a whale bought and withdrew 26,100 ZEC from Binance and Kraken within minutes;4. Gained $1.05 million in unrealized profit in less than 1 day, an address went 3x leveraged long on 24.42 million STRK;5. CZ calls related accusations "far-fetched," Binance says depegging only began after Bitcoin bottomed;6. Derivative lawsuit by shareholders against Coinbase directors dismissed, first such case concluded after Coinbase reincorporated in Texas;7. French National Assembly Finance Committee passes stablecoin exchange tax and crypto exit tax amendments, then rejects budget revenue section by a vote of 31 to 3;8. Major shareholder holding limits for virtual asset exchanges are not targeting specific companies, South Korea's Financial Services Commission says it will strengthen regulatory accountability;9. Strive expects to raise approximately $55 million through SATA preferred stock, enough to purchase about 638 Bitcoin.

Odaily News: J. Ayo Akinyele, Engineering Lead at RippleX, posted on X platform stating that they take the recently disclosed critical vulnerability in the XRP Ledger (XRPL) payment engine very seriously. The vulnerability is a severe security issue that has existed in the codebase for over 10 years and could theoretically lead to the over-creation of XRP, breaching the fixed supply cap. However, the vulnerability was discovered by security research firm Veria AI through Ripple's bug bounty program before it could be exploited.J. Ayo Akinyele further added that the Ripple team quickly developed and tested a fix, working closely with validator nodes to complete the network upgrade, and patched the vulnerability before its public disclosure. Currently, AI is changing the speed of vulnerability discovery, and XRPL needs to further enhance its security response capabilities. RippleX will strengthen its bug bounty program, expand AI-assisted vulnerability hunting and adversarial testing, review long-standing code in the payment engine, consensus mechanism, and P2P network, while advancing formal verification of critical modules and reducing potential risks through systematic security hardening. The goal is not just to fix a single vulnerability, but to identify and eliminate potential risks in XRPL's legacy code, making the network more difficult to attack.

Odaily reports that according to crypto analyst alicharts, during this Bitcoin pullback, whale cohorts have adopted an accumulation strategy for major cryptocurrencies. Over the past 72 hours, whale cohorts accumulated approximately 15,000 BTC, over 166,000 ETH, and 45 million XRP.

1. Bitcoin spot ETFs saw a total net inflow of $21.1281 million yesterday, with BlackRock's IBIT leading at $22.38 million in net inflows;2. Ethereum spot ETFs saw a total net outflow of $56.1001 million yesterday, marking 9 consecutive days of net outflows;3. Robinhood Chain's average daily transactions dropped 42%, with spot trading volume falling to $7.45 billion;4. Analysis: Ethereum still holds reserve asset value, with 36% of its supply already staked;5. Trump: Oil shipments through the Strait of Hormuz have surpassed pre-Iran war levels, urges US oil companies to lower prices;6. Former FTX COO criticizes Netflix's new show "The Altruists" for inaccuracies, turning the FTX scandal into a love story;7. Pump.fun is developing perpetual contract trading functionality powered by Hyperliquid;8. Franklin Templeton, with $1.79 trillion in assets under management, explores regulatory exemption for tokenized fund trading;9. Ending with a loss of $907,000, Binance futures smart money trader "Single Wife" who once had $2.19 million in unrealized gains exits holding 18.29 million Lobster tokens;10. The US National Credit Union Administration plans to add 26 new stablecoin reporting fields;11. An 11-year-old vulnerability has been fixed — the XRP Ledger previously had a payment system flaw that could generate XRP out of thin air.