News Heat Trend
Project Overview
Ripple is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology company. The platform offers a suite of institutional-grade products, including Ripple Payments for cross-border settlement, Ripple Custody for digital asset storage and security, and the Ripple USD (RLUSD) stablecoin. These solutions enable financial institutions, central banks, and businesses to integrate digital assets into their operations through the XRP Ledger (XRPL) and other distributed ledger technologies.
CSD BR and Ripple enter strategic partnership to mirror financial asset ownership records on the XRP Ledger
CSD BR, Brazil's securities registration, custody and settlement institution, announced a strategic partnership with Ripple. In the first phase of the collaboration, CSD BR will leverage the Multi-Purpose Token (MPT) standard on the XRP Ledger (XRPL) to tokenize investment fund shares under BTG Pactual and establish a mirror of ownership records.
Evernorth to Vote on Business Combination on September 30, Plans Nasdaq Listing Upon Approval
Odaily News: XRP treasury company Evernorth plans to list on Nasdaq under the ticker XRPN. Armada Acquisition Corp. II shareholders will vote on the business combination between the two parties on September 30. If approved, it will clear the last major hurdle for Evernorth's public trading. Evernorth intends to actively deploy XRP for yield strategies, infrastructure participation, and capital markets activities. Currently, the company holds approximately 473 million XRP, making it one of the largest identifiable corporate holders. In addition, Evernorth has agreed to refinance $30 million through 4% convertible preferred PIK notes, but the funds can only be accessed upon approval of the business combination.
Evernorth plans to raise $30 million through convertible preferred PIK notes, with NH Investment & Securities subscribing
Odaily News: Evernorth has signed a note purchase agreement with NH Investment & Securities to issue convertible preferred PIK notes maturing in 2031 with a 4% interest rate. The transaction is contingent upon the completion of its business combination with Armada Acquisition Corp. II, Pathfinder Digital Assets, and Ripple Labs, and is expected to close in the fourth quarter; the combined new entity plans to list on Nasdaq under the ticker symbol XRPN, subject to exchange approval. Evernorth is an XRP treasury company.
XRP Treasury Company Evernorth Secures $30 Million Convertible Bond Financing From NH Investment & Securities
As reported by CoinDesk, XRP treasury management company Evernorth has raised $30 million through the issuance of convertible bonds, with investment from South Korean institutional investor NH Investment & Securities. The financing is contingent on the successful merger of Evernorth with a SPAC, with the proceeds to be used for purchasing XRP spot prior to its NASDAQ listing. Upon completion of the merger, the company intends to list on NASDAQ under the ticker symbol "XRPN".
Velocity Closes $48 Million Series A Funding Round with Participation from Visa, Circle, Ripple, and Others
According to CoinDesk, stablecoin payment infrastructure company Velocity announced the completion of an expansion round of its Series A financing, adding $10 million to bring the total round financing to $48 million, with a post-money valuation of $200 million. Investors in this expansion round include Visa Ventures, Circle Ventures, Ripple, Haun Ventures, Translink Capital, and Mirana Ventures, following the announcement of the initial Series A financing in July this year. Velocity is dedicated to providing stablecoin settlement, liquidity, and treasury management infrastructure to payment companies and banks, enabling them to integrate into blockchain payment networks without replacing existing systems. The head of Global Growth Products and Strategic Partnerships at Visa stated that stablecoins are reshaping how value flows within the Visa ecosystem, and Velocity is building the related infrastructure to drive the widespread adoption of stablecoin payments.
Ripple completes $275 million private placement of senior unsecured notes, receives BBB investment-grade rating
Odaily News: This issuance was conducted by Ripple Prime, Ripple's non-bank prime brokerage arm, with proceeds to be used for working capital and U.S. business expansion. KBRA assigned the notes a BBB investment-grade rating, and Ripple Prime plans to further expand multi-asset clearing, financing, and prime brokerage services.
特朗普宣布设立“超级人工智能部队”，前 SEC 主席领军
特朗普宣布成立协调联邦 AI 政策的“超级人工智能部队”，由前 SEC 主席杰伊·克莱顿牵头；克莱顿曾在任内严厉监管加密行业并起诉 Ripple。
U.S. community bank organization sues OCC, seeking to block crypto firms from entering the banking system through trust charters
Odaily News: The Independent Community Bankers of America (ICBA) filed a lawsuit on Friday against the Office of the Comptroller of the Currency (OCC) in the U.S. District Court for the District of Columbia, challenging its authority to grant national trust bank charters to crypto firms and asking the court to vacate the final rule dated March 2, 2026, and Interpretive Letter No. 1176.ICBA President and CEO Rebeca Romero Rainey said the charters give crypto firms the credibility of a federal bank charter without requiring compliance with federal deposit insurance, capital and liquidity standards, and the Community Reinvestment Act. The ICBA also seeks to revoke Protego Holdings' conditional charter, citing deficiencies in its governance and risk controls.The lawsuit involves digital asset firms that have applied for or obtained OCC charters, including Circle, Ripple, Paxos, Fidelity, BitGo, Kraken parent company Payward, Block, and World Liberty Financial. Senator Elizabeth Warren separately accused the approvals of being unlawful, drawing pushback from the industry; the OCC plans to complete stablecoin rules under the GENIUS Act by November. (Decrypt)
Ripple and CSD BR Bring BTG Pactual Fund Shares Records onto XRP Ledger
Odaily News: Ripple and Brazil's licensed central securities depository CSD BR have brought Brazilian investment fund records onto the XRP Ledger in a regulated, real-world environment, with the first phase targeting BTG Pactual fund shares. CSD BR uses XRPL as an additional recording and auditing layer, while its own systems retain legal authority over ownership, registration, custody, and settlement, with over 22 trillion Brazilian reais in registered assets under its management. Fund shares are mapped according to the XRPL multi-purpose token standard, allowing authorized institutions to reconcile on-chain and official records in near real time; the two parties did not disclose the specific funds, scale, or trading volume.
Bitget Security Incident 12-Hour Progress Report: Cold Wallets Secure, No Commitment to Withdrawal Recovery Timelines That Cannot Be Fulfilled
Bitget CEO Gracy Chen posted a 12-hour progress report on the security incident on X, including:1. Affected assets include ETH, XRP (largest single-chain loss), BNB, AVAX, USDT, USDC, and other tokens. Affected chains include: Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC, and Base. All on-chain cold wallets have been confirmed secure and unaffected.2. All foundations of the affected chains have been contacted, and some foundations have confirmed the freezing of the hacker's wallet addresses.3. Based on IP behavioral characteristics and on-chain analysis, the attack methodology is highly consistent with known patterns of North Korean hacker groups. Relevant authorities have been notified, and full cooperation is being provided for a global investigation.4. Bitget Wallet (decentralized wallet) operates completely independently from Bitget exchange infrastructure, and this incident has no impact on it. Bitget Wallet assets are completely safe.5. Transparent disclosure regarding the platform's financial status: In addition to over $464 million in protection funds (all held in publicly verifiable wallet addresses), Bitget's own assets exceed $1 billion. User funds are covered at a 1:1 ratio, and all data can be verified on-chain.6. Regarding withdrawal recovery timing: The goal is to achieve full recovery as soon as possible. Once a specific time window is confirmed, an announcement will be made immediately. No commitment will be made to timelines that cannot be fulfilled.
Basel Committee: Banks' crypto asset exposure stabilizes, Bitcoin's share declines
The Basel Committee on Banking Supervision released statistical data for the second half of 2025. Banks' prudential risk exposure to crypto assets remained broadly flat overall, but the asset composition shifted: in the Americas, Bitcoin's share fell from 75.8% to 44.2%, Ethereum rose to 38.5%, and Solana and XRP accounted for 7.8% and 5.6%, respectively; stablecoin proportions increased in other regions. In the same period, the volume of crypto asset business conducted by banks in the Americas on behalf of clients grew by 93% to €6.4 billion, while that in Europe decreased by 25% to €1.9 billion.
SEC Acting Chairman Withdraws Crypto Lawsuit to Avoid Reputational Risk
SEC Commissioner Mark Uyeda disclosed that the agency withdrew civil cases against companies such as Coinbase and Ripple in early 2025 to avoid conflicts with new regulatory policies and preserve the credibility of the courts. This move has been viewed by some critics as a reward for supporting Trump's campaign.
Trader Doctor Profit Discloses Shorting BTC and Liquidating Altcoin Positions
Odaily Report: Renowned trader Doctor Profit posted on X platform stating that due to the current excessive leverage in the altcoin market, altcoin spot trading volume has now reached 4 times that of Bitcoin, indicating an overheated market condition. As a result, he chose to take profits and exit his altcoin positions. His ONDO holdings were sold at a 73% profit, while he also exited HBAR and XRP with minor gains. At this stage, he has no intention of buying altcoins in the current environment and expects the market to be on the verge of a correction.Doctor Profit previously predicted a rise to $88,000 when Bitcoin's price dropped to $60,000. Now after the rally, he expects Bitcoin may pull back to $79,000. He revealed that he had already shorted BTC at the $86,200 level and set additional short orders in the $86,500 to $89,500 range. Meanwhile, his BTC positions as well as his ETH, CRCL, and COIN positions in the "Galactic Three" portfolio remain unchanged.
Whale Fund Flows Diverge: BTC Sees Reduction, ETH Sees Accumulation, XRP Remains on the Sidelines
Odaily reports: Crypto analyst Ali posted on X platform that during the past week of overall sideways trading in the crypto market, whale holdings across different assets showed notable divergence.Data shows that Bitcoin whale holdings decreased by approximately 30,000 BTC, worth about $2.52 billion, indicating that large holders are reducing their Bitcoin exposure. In contrast, Ethereum whales increased their holdings by approximately 60,000 ETH during the same period, worth about $162 million; while XRP whale holdings remained largely stable, with total holdings staying around 3.9 billion XRP over the past week, showing no significant changes.Ali's analysis points out that the market is currently exhibiting a divergent pattern of "Bitcoin whales reducing holdings, Ethereum whales buying, and XRP whales staying on the sidelines," and these related changes are worth watching.
Peter Brandt：BTC 2029 年高点或达 60 万美元
老牌交易员 Peter Brandt 将比特币本周期峰值预期上调至 30 万至 60 万美元，并提示 10 月初或现技术性回撤。其同时看空 XRP 投资价值，建议投资者将加密仓位控制在 10% 以内并以 BTC 为主。
Peter Brandt: Bitcoin Could Reach as High as $600,000 This Cycle
Odaily reports: Veteran trader Peter Brandt says Bitcoin has likely bottomed out for this cycle and entered a new bull market. He has raised his cycle top forecast from the previous $250,000 to $300,000 to $300,000 to $600,000 by late 2029, adding that hitting $500,000 is "very likely."However, Peter Brandt warns that Bitcoin could pull back to $65,000 to $66,000 in early October to flush out momentum chasers. Brandt is also skeptical of XRP's investment value, calling it a "fool coin," and said that XRP having payment use cases and Ripple having banking partners does not necessarily mean its value will rise. (Cointelegraph)
Analysis: $1.56 Billion BTC Options Expiry Pauses Rally, XRP and SOL Rise Against the Trend
Odaily News: Bitcoin fell back to around $83,600 on Friday, down about 1% from the previous trading day, after briefly touching around $87,000, reaching that level for the first time in months. Market analysis suggests that the expiry of $1.56 billion in Bitcoin options on Deribit may have exacerbated short-term volatility, as market makers typically unwind their hedging positions after options expiry.Over the past 24 hours, BTC open interest and trading volume fell by 14.39% and 13.68% respectively, with long and short liquidations relatively balanced—long liquidations totaled $161.96 million and short liquidations $156.1 million—indicating that leveraged funds are readjusting. On the technical side, BTC's 50-day moving average remains above its 200-day moving average, forming a "golden cross," and the short-term trend is still viewed as relatively strong.Meanwhile, Bitcoin spot ETFs saw net inflows of $299.09 million on Friday, though this was lower than the single-day inflow levels seen earlier in the week. By contrast, XRP rose 4.37% over the past 24 hours and 15.45% over the past 7 days, currently trading at around $1.58; Solana rose 3.36% over the past 24 hours and 9.33% over the past 7 days, currently trading at around $119.84. The next macro data points the market is watching are the U.S. Personal Consumption Expenditures (PCE) inflation data due on September 30 and the September nonfarm payrolls report due on October 2. (Decrypt)
Analyst: Whales Bought Over 470 Million XRP in 5 Days, Bullish Breakout May Be Imminent
crypto analyst Ali posted on X platform that over the past five days, XRP whales have accumulated more than 470 million XRP, worth approximately $724 million. Meanwhile, a "head and shoulders bottom" pattern continues to form on the XRP daily chart, and a bullish breakout may be approaching.
Ripple and the XRPL Foundation jointly establish new organization XRP Asia, headquartered in Singapore.
Ripple与XRP Ledger基金会（XRPLF）联合成立新组织XRP Asia，旨在推动亚太地区XRP Ledger（XRPL）生态发展，总部位于新加坡，由前Hedera基金会亚太及金融科技/支付业务负责人Sabrina Tachdjian领导，该组织将支持开发者培训、黑客松、合作伙伴计划、创业支持以及生态活动，并对接基础设施服务商、孵化及资助项目，以及连接投资者和生态合作伙伴。
Bitget: $83 Million XRP Stolen, Ripple: Cannot Be Frozen
Bitget was hacked, resulting in the theft of approximately $83 million worth of XRP. Ripple officially stated that due to technical architecture limitations, it is unable to freeze funds in external accounts.
XRP Ledger upgrade delayed until October 9 due to validator support reset
The XRP Ledger batch transaction upgrade countdown was reset due to insufficient validator support, delaying activation from September 29 to October 9. This marks the second attempt following a fix for a signature vulnerability.
Bitget Security Incident 12-Hour Progress Report: Cold Wallets Secure, No Commitment to Withdrawal Recovery Timelines That Cannot Be Fulfilled
Bitget CEO Gracy Chen posted a 12-hour progress report on the security incident on X, including:1. Affected assets include ETH, XRP (largest single-chain loss), BNB, AVAX, USDT, USDC, and other tokens. Affected chains include: Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC, and Base. All on-chain cold wallets have been confirmed secure and unaffected.2. All foundations of the affected chains have been contacted, and some foundations have confirmed the freezing of the hacker's wallet addresses.3. Based on IP behavioral characteristics and on-chain analysis, the attack methodology is highly consistent with known patterns of North Korean hacker groups. Relevant authorities have been notified, and full cooperation is being provided for a global investigation.4. Bitget Wallet (decentralized wallet) operates completely independently from Bitget exchange infrastructure, and this incident has no impact on it. Bitget Wallet assets are completely safe.5. Transparent disclosure regarding the platform's financial status: In addition to over $464 million in protection funds (all held in publicly verifiable wallet addresses), Bitget's own assets exceed $1 billion. User funds are covered at a 1:1 ratio, and all data can be verified on-chain.6. Regarding withdrawal recovery timing: The goal is to achieve full recovery as soon as possible. Once a specific time window is confirmed, an announcement will be made immediately. No commitment will be made to timelines that cannot be fulfilled.
Latest Data: Top 3 Stolen Assets from Bitget Are XRP, ETH, and USDT, with XRP Losses Exceeding $157 Million
Odaily News: According to LookonChain monitoring, the breakdown of assets stolen from Bitget is as follows:102.93 million XRP (approximately $157.48 million);31,890 ETH (valued at $85.75 million);34.75 million USDT (approximately $34.75 million);21.05 million USDC ($21.05 million);19.67 million USD₮0 ($19.67 million);3,000 XAUt (equivalent to $12.82 million);12,719 BNB (valued at $9.88 million);821,012 AVAX (valued at $8.38 million);20.59 million $TRX (approximately $7.07 million).
Bitget stolen funds linked on-chain to previous AFX hack, pointing to Lazarus Group
Odaily reports: On-chain analyst Specter has stated that they have established an on-chain connection between the Bitget attack and the AFX attack that occurred in July of this year. The latter involved approximately $24 million in stolen funds and was attributed to TraderTraitor.Specter claims that the XRP stolen from Bitget can be directly traced to the stolen funds from the AFX attack after being bridged across chains, leading them to believe that this attack may be related to Lazarus Group. The attribution is still pending further verification.
Ripple and the XRPL Foundation jointly establish new organization XRP Asia, headquartered in Singapore.
Ripple与XRP Ledger基金会（XRPLF）联合成立新组织XRP Asia，旨在推动亚太地区XRP Ledger（XRPL）生态发展，总部位于新加坡，由前Hedera基金会亚太及金融科技/支付业务负责人Sabrina Tachdjian领导，该组织将支持开发者培训、黑客松、合作伙伴计划、创业支持以及生态活动，并对接基础设施服务商、孵化及资助项目，以及连接投资者和生态合作伙伴。
Bitget PoolX: Lock XAUT, SOL, and XRP to Unlock 100,000 BGB
Odaily News: Bitget PoolX has launched a new round of lock-up events, where users can lock XAUT, SOL, or XRP to participate in sharing a 100,000 BGB airdrop. The lock-up channel will be open from October 2 at 14:00 to October 9 at 14:00 (UTC+8).Among them, the XAUT lock-up pool has a total airdrop of 45,000 BGB, with an individual lock-up cap of 300 XAUT; the SOL lock-up pool has a total airdrop of 35,000 BGB, with an individual lock-up cap of 10,000 SOL; the XRP lock-up pool has a total airdrop of 20,000 BGB, with an individual lock-up cap of 400,000 XRP.This round's XAUT lock-up pool supports a long-term holding bonus mechanism. The system will provide an additional bonus on the locked amount based on the user's minimum XAUT holdings over the past 15 days. For more details, please refer to the official Bitget platform.
Evernorth to Vote on Business Combination on September 30, Plans Nasdaq Listing Upon Approval
Odaily News: XRP treasury company Evernorth plans to list on Nasdaq under the ticker XRPN. Armada Acquisition Corp. II shareholders will vote on the business combination between the two parties on September 30. If approved, it will clear the last major hurdle for Evernorth's public trading. Evernorth intends to actively deploy XRP for yield strategies, infrastructure participation, and capital markets activities. Currently, the company holds approximately 473 million XRP, making it one of the largest identifiable corporate holders. In addition, Evernorth has agreed to refinance $30 million through 4% convertible preferred PIK notes, but the funds can only be accessed upon approval of the business combination.
XRP Batch Feature Issue Fixed, xrpld 3.4.1 Released and Voting Timer Reset
XRP Ledger has released xrpld 3.4.1, fixing the batch feature issue and including broader stability improvements. Validators and node operators are encouraged to upgrade as soon as possible; developers stated that the issue did not affect the mainnet and caused no loss of funds.The new version introduces the fixBatchV1_2 amendment, with a default vote in favor and a current consensus rate of 94.29%. Both the amendment and the batch feature have entered the activation period. Previously, some validators changed their votes from in favor to against in order to reset the voting timer for the Batch amendment.
XRP Ledger upgrade delayed until October 9 due to validator support reset
The XRP Ledger batch transaction upgrade countdown was reset due to insufficient validator support, delaying activation from September 29 to October 9. This marks the second attempt following a fix for a signature vulnerability.
Bitget Security Incident 12-Hour Progress Report: Cold Wallets Secure, No Commitment to Withdrawal Recovery Timelines That Cannot Be Fulfilled
Bitget CEO Gracy Chen posted a 12-hour progress report on the security incident on X, including:1. Affected assets include ETH, XRP (largest single-chain loss), BNB, AVAX, USDT, USDC, and other tokens. Affected chains include: Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC, and Base. All on-chain cold wallets have been confirmed secure and unaffected.2. All foundations of the affected chains have been contacted, and some foundations have confirmed the freezing of the hacker's wallet addresses.3. Based on IP behavioral characteristics and on-chain analysis, the attack methodology is highly consistent with known patterns of North Korean hacker groups. Relevant authorities have been notified, and full cooperation is being provided for a global investigation.4. Bitget Wallet (decentralized wallet) operates completely independently from Bitget exchange infrastructure, and this incident has no impact on it. Bitget Wallet assets are completely safe.5. Transparent disclosure regarding the platform's financial status: In addition to over $464 million in protection funds (all held in publicly verifiable wallet addresses), Bitget's own assets exceed $1 billion. User funds are covered at a 1:1 ratio, and all data can be verified on-chain.6. Regarding withdrawal recovery timing: The goal is to achieve full recovery as soon as possible. Once a specific time window is confirmed, an announcement will be made immediately. No commitment will be made to timelines that cannot be fulfilled.
Related news
特朗普宣布设立“超级人工智能部队”，前 SEC 主席领军
特朗普宣布成立协调联邦 AI 政策的“超级人工智能部队”，由前 SEC 主席杰伊·克莱顿牵头；克莱顿曾在任内严厉监管加密行业并起诉 Ripple。
U.S. community bank organization sues OCC, seeking to block crypto firms from entering the banking system through trust charters
Odaily News: The Independent Community Bankers of America (ICBA) filed a lawsuit on Friday against the Office of the Comptroller of the Currency (OCC) in the U.S. District Court for the District of Columbia, challenging its authority to grant national trust bank charters to crypto firms and asking the court to vacate the final rule dated March 2, 2026, and Interpretive Letter No. 1176.ICBA President and CEO Rebeca Romero Rainey said the charters give crypto firms the credibility of a federal bank charter without requiring compliance with federal deposit insurance, capital and liquidity standards, and the Community Reinvestment Act. The ICBA also seeks to revoke Protego Holdings' conditional charter, citing deficiencies in its governance and risk controls.The lawsuit involves digital asset firms that have applied for or obtained OCC charters, including Circle, Ripple, Paxos, Fidelity, BitGo, Kraken parent company Payward, Block, and World Liberty Financial. Senator Elizabeth Warren separately accused the approvals of being unlawful, drawing pushback from the industry; the OCC plans to complete stablecoin rules under the GENIUS Act by November. (Decrypt)
Ripple and the XRPL Foundation jointly establish new organization XRP Asia, headquartered in Singapore.
Ripple与XRP Ledger基金会（XRPLF）联合成立新组织XRP Asia，旨在推动亚太地区XRP Ledger（XRPL）生态发展，总部位于新加坡，由前Hedera基金会亚太及金融科技/支付业务负责人Sabrina Tachdjian领导，该组织将支持开发者培训、黑客松、合作伙伴计划、创业支持以及生态活动，并对接基础设施服务商、孵化及资助项目，以及连接投资者和生态合作伙伴。
Evernorth Approved for Listing, Holds 473 Million XRP
Evernorth announced that it has successfully secured shareholder approval for its merger with Armada Acquisition, aiming to list on NASDAQ. Upon completion of the transaction, the company is expected to become the world's largest public XRP treasury.
Bitget PoolX: Lock XAUT, SOL, and XRP to Unlock 100,000 BGB
Odaily News: Bitget PoolX has launched a new round of lock-up events, where users can lock XAUT, SOL, or XRP to participate in sharing a 100,000 BGB airdrop. The lock-up channel will be open from October 2 at 14:00 to October 9 at 14:00 (UTC+8).Among them, the XAUT lock-up pool has a total airdrop of 45,000 BGB, with an individual lock-up cap of 300 XAUT; the SOL lock-up pool has a total airdrop of 35,000 BGB, with an individual lock-up cap of 10,000 SOL; the XRP lock-up pool has a total airdrop of 20,000 BGB, with an individual lock-up cap of 400,000 XRP.This round's XAUT lock-up pool supports a long-term holding bonus mechanism. The system will provide an additional bonus on the locked amount based on the user's minimum XAUT holdings over the past 15 days. For more details, please refer to the official Bitget platform.
Trader Doctor Profit Discloses Shorting BTC and Liquidating Altcoin Positions
Odaily Report: Renowned trader Doctor Profit posted on X platform stating that due to the current excessive leverage in the altcoin market, altcoin spot trading volume has now reached 4 times that of Bitcoin, indicating an overheated market condition. As a result, he chose to take profits and exit his altcoin positions. His ONDO holdings were sold at a 73% profit, while he also exited HBAR and XRP with minor gains. At this stage, he has no intention of buying altcoins in the current environment and expects the market to be on the verge of a correction.Doctor Profit previously predicted a rise to $88,000 when Bitcoin's price dropped to $60,000. Now after the rally, he expects Bitcoin may pull back to $79,000. He revealed that he had already shorted BTC at the $86,200 level and set additional short orders in the $86,500 to $89,500 range. Meanwhile, his BTC positions as well as his ETH, CRCL, and COIN positions in the "Galactic Three" portfolio remain unchanged.