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According to Cryptoquant data, the cumulative amount of XRP flowing into Binance from whales in the past 30 days has risen to 1.669 billion, reaching a new high in 7 months, surpassing the level of approximately 1.65 billion in September, indicating that the activity of large holders transferring XRP to trading platforms has intensified recently.The increase in whale inflows may raise the tradable supply of XRP on trading platforms, and if large holders choose to sell, it could increase market selling pressure. However, inflows do not necessarily indicate an imminent sell-off; they may also involve wallet rebalancing or the use of other trading services on Binance. This indicator alone cannot determine the future price trend of XRP; it still requires observation in conjunction with net flow, trading volume, and price changes.

According to BBX data, yesterday global publicly listed companies in the U.S. disclosed their latest accounts regarding digital asset treasury allocations and institutional-level ecosystem deployments. The core updates are as follows:Strive invests an additional $235 million to acquire 2,822 BTC, total holdings exceed 35,000: Strive, a publicly listed Bitcoin treasury company, announced via social media that as of Tuesday local time in the U.S., it has once again utilized $235 million to purchase 2,822 Bitcoins in the secondary market. Following this large-scale acquisition, Strive's total Bitcoin holdings have significantly increased to 35,595 BTC.Evernorth (NASDAQ: $XRPN) partners with four major institutions, deploying $648 million in XRP starting in the fourth quarter: Evernorth, which has just completed its Nasdaq reverse merger, announced that it has officially selected Ripple, Kraken, Coinbase, and BitGo as its first institutional strategic partners. The company plans to fully deploy approximately 473 million XRP (valued at about $648 million at current market prices) held in its treasury starting in the fourth quarter of this year, to deepen its liquidity provision and infrastructure development within the XRP ecosystem.

According to The Block, Evernorth, which holds an XRP treasury and is listed on Nasdaq, announced that it will begin deploying its XRP holdings through an "institutional strategy" starting in the fourth quarter, with initial partners including Ripple and cryptocurrency exchanges Kraken, Coinbase, and BitGo.The company currently holds 473 million XRP, valued at approximately $648 million at current prices. Two days before this announcement, Evernorth began trading on Nasdaq under the ticker XRPN after completing a deSPAC merger with Armada Acquisition Corp. II.Founder and CEO Asheesh Birla stated that the company is putting its treasury to work and is choosing to start with strong institutional trading counterparts within the industry. Evernorth's goal is to generate returns from its XRP holdings and increase the per-share holdings, rather than simply pursuing accumulation; the announcement did not specify how much XRP will be deployed. The company also plans to expand into lending and on-chain DeFi strategies once relevant features on the XRP Ledger are available.This strategy is led by newly appointed Chief Investment Officer Hugo Jeandesboz, who previously served as Co-Chief Investment Officer at Coinbase Asset Management. Jeandesboz stated that this requires a set of treasury strategies, a risk framework, and counterparties that can be clearly explained to the board of directors of the listed company. The XRPN stock price has remained relatively flat since opening at $16.68 on Monday, closing at $16.48 on Tuesday, and slightly rising to $16.6 in after-hours trading.

Ripple announced the integration of the wallet technology from Privy, a subsidiary of Stripe, into the XRP Ledger, allowing financial applications and AI agents to create accounts, hold cryptocurrency assets, and complete payments without users needing to manage wallet software themselves. Developers can create wallets within their own products and authorize transfers involving XRP, the US dollar stablecoin RLUSD issued by Ripple, and other network assets. Privy is responsible for the wallet infrastructure, reducing the workload for application developers while supporting the export of private keys or mnemonic phrases for wallet migration to other platforms.This integration also allows AI agents or automated bots to hold funds and automatically pay for online data and service fees. Privy documentation states that wallets running on enterprise servers can allow software to hold and spend funds, including purchasing data access services through the x402 payment standard. J. Ayo Akinyele, head of engineering at RippleX, stated that the network has processed over 13 million agent payments via x402, accounting for about 25% of ledger activity. Data from the XRPL AI Hub operated by payment infrastructure developer t54 shows that as of Wednesday, cumulative transactions exceeded 14.3 million, covering 169 registered merchants.However, the cumulative transfer amount is much smaller than the scale suggested by the number of transactions, with the dashboard recording cumulative payments of approximately 6,991 XRP and 12,752 RLUSD, most transaction amounts being very small. Ripple began providing related tools to developers in June and expanded support for payment standards developed by Stripe and payment blockchain Tempo in September.

According to CoinGlass data, in the past 24 hours, 10 exchanges have liquidated approximately $803 million in leveraged positions, with long positions accounting for $694 million, representing 86%, affecting a total of 172,100 traders. About $595 million, nearly three-quarters of the total for the day, was liquidated in the last 12 hours, as the South Korean KOSPI index fell by more than 6%, and Bitcoin briefly dropped below $81,000. The largest single liquidation was a $9.65 million Bitcoin long position on Binance, which was forcibly closed at around $81,773, with Binance accounting for half of the total liquidation volume.Bitcoin topped the list with $181 million in liquidations, followed closely by Ethereum with $178 million, despite its market capitalization being much smaller than Bitcoin's; SOL positions lost $60 million, ZEC $24 million, and NEAR $22 million. Stock-related contracts then made the list, with perpetual contracts tracking U.S. storage chip manufacturer SanDisk liquidating $19.09 million, slightly above HYPE's $19.04 million and XRP's $18.78 million. These perpetual contracts allow traders to bet on stock prices without an expiration date on cryptocurrency exchanges, with contracts for SK Hynix, Micron, and the triple-leveraged U.S. semiconductor ETF SOXL also appearing on the heatmap, with SOXL liquidating $7.21 million.The aforementioned losses coincided with a sell-off in the Seoul market, where Samsung Electronics and SK Hynix each fell by about 8%, as the market worried about AI-related valuations and competition from Chinese storage chip manufacturers.

On-chain detective ZachXBT responded to the XRP Ledger Foundation regarding security fixes, stating that the foundation's treasury holds billions of dollars but only paid $250,000 to the white hat hacker who discovered the serious vulnerability of "infinite XRP issuance." He claimed that this would encourage attackers to choose not to report vulnerabilities in good faith but instead exploit them to steal hundreds of millions of dollars.ZachXBT also stated that because of this, it is difficult for people to view the XRP Ledger or Ripple as legitimate institutions. Previously, the XRP Ledger Foundation clarified that the relevant vulnerability did not lead to the issuance of additional XRP, and the patch was driven by community consensus.

According to SoSoValue data, during the last trading day (Eastern Time from October 5 to October 9), the net inflow of XRP spot ETFs was $11.3068 million. The XRP spot ETF with the highest net inflow last week was Bitwise ETF XRP, with a weekly net inflow of $10.5514 million, bringing the total historical net inflow of XRP to $688 million; followed by Franklin Templeton ETF XRPZ, with a weekly net inflow of $4.0962 million, currently totaling $509 million in historical net inflow.The XRP spot ETF with the highest net outflow last week was Canary ETF XRPC, with a weekly net outflow of $3.3407 million, currently totaling $487 million in historical net inflow. As of the time of publication, the total net asset value of XRP spot ETFs was $1.57 billion, with an ETF net asset ratio (market value as a percentage of total XRP market value) of 1.8%, and the historical cumulative net inflow has reached $1.8 billion.

According to BBX data, last weekend, global U.S. stock-listed treasury and mining companies released their latest accounts regarding asset reserves, reverse mergers, and liquidity management. The core updates are as follows:Evernorth completed its SPAC merger holding 473 million XRP, scheduled to debut on Nasdaq under the code "XRPN" on October 12: The treasury company Evernorth Holdings officially announced the completion of its business combination with the special purpose acquisition company Armada Acquisition Corp. II. At the time of the transaction's closing, the company’s treasury held approximately 473 million XRP and successfully raised about $300 million in total cash proceeds (before transaction costs). The newly merged company's common stock is expected to officially trade on Nasdaq starting October 12, with the ticker symbol "XRPN".Bitdeer (NASDAQ: $BTDR) disclosed the latest weekly mining data, producing 300.6 BTC and fully liquidating: Nasdaq-listed Bitcoin mining company Bitdeer announced its latest Bitcoin holdings data. As of the week ending October 9, its self-operated Bitcoin mining output was 300.6 BTC, and during the same period, it fully sold 300.6 BTC in the secondary market, resulting in a net addition of 0 BTC for the week. The balance sheet continues to implement a liquidity strategy of immediate sales, currently maintaining a zero Bitcoin holding.

The XRP Ledger Foundation published a post on platform X to clarify the recent security vulnerability incident of the XRP Ledger, stating that the vulnerability could be used to bypass the limit of the total supply of XRP fixed at 100 billion coins, but it was fixed two weeks ago with version 3.4.1. After verification, no new XRP has been created, and the total amount of XRP currently circulating in the ledger is approximately 99.986 billion coins.The foundation stated that the vulnerability requires hundreds of deliberately constructed operations to trigger and that normal payment transactions are unlikely to be involved. In the future, they will strengthen formal verification, AI adversarial testing, security research collaboration, and vulnerability bounty programs with RippleX and the community. Regarding the repair 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 coordinated efforts. Participants including the XRP Ledger Foundation, RippleX, core developers, and validators reached a social consensus to agree on a plan to directly release the repair program.In addition, version 3.4.1 was also adopted as the mandatory version for the network only after going through the normal amendment voting process and receiving over 80% support from validators for two consecutive weeks. Protocol changes still need to be completed through the amendment mechanism. Previously, J. Ayo Akinyele, the engineering lead at RippleX, also posted on platform X expressing high concern about the recently disclosed critical vulnerability issue in the XRP Ledger (XRPL) payment engine, which is a serious security issue that has existed in the codebase for over 10 years and theoretically could lead to XRP being over-created, breaking the fixed supply limit. However, the vulnerability was discovered by the security research organization Veria AI through Ripple's vulnerability bounty program before it could be exploited.

Regarding the critical vulnerability in the payment engine reported by Veria AI, RippleX engineering lead J. Ayo Akinyele stated that the XRP Ledger (XRPL) payment engine has a serious vulnerability that has existed for over 10 years, which could lead to the issuance of XRP beyond its fixed supply. This vulnerability was discovered through a bug bounty program and has not yet been exploited.The development team has released the xrpld 3.4.1 patch version and coordinated with validators to complete the network upgrade before public disclosure. Akinyele mentioned that AI is accelerating the speed of vulnerability discovery, and XRPL will increase proactive security investments, clean up technical debt, advance formal verification, and systematically eliminate potential risks in old code.

Digital asset treasury company Evernorth Holdings, Inc. announced that it has completed its business combination with special purpose acquisition company Armada Acquisition Corp. II. Armada was initiated by Arrington XRP Capital Fund, LP. Evernorth aims to provide institutional access to the XRP ecosystem at scale, with common stock expected to begin trading on Nasdaq under the ticker XRPN on October 12, 2026, and ringing the Nasdaq closing bell on October 14.At the time of closing, the company holds approximately 473 million XRP and has raised about $300 million in gross cash proceeds (before transaction expenses). Investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, GSR, and others. Founder and CEO Asheesh Birla stated that the goal is to establish an actively managed XRP treasury to support ecosystem growth and meet public market demands for transparency and governance.The company stated that as institutional on-chain finance develops, the need for capital expansion in tokenized assets, on-chain credit markets, and settlement infrastructure arises. Evernorth intends to be a source of such capital and operate according to the reporting, governance, and disclosure standards of Nasdaq-listed companies. Michael Arrington, founder of Arrington Capital, stated that support for Evernorth is an extension of its XRP thesis, which will bring scalable capital, active participation, and public company standards.

The XRP Ledger recently fixed a payment system vulnerability that could be traced back to 2015. This vulnerability could allow attackers to bypass the system's calculation limits on token exchange amounts through a specially designed payment transaction, generating and spending large amounts of XRP out of thin air, undermining the mechanism that caps the total supply of XRP at 10 billion.It was disclosed that attackers could create hundreds of accounts, allowing these accounts to post offers to exchange a small amount of tokens for a large amount of XRP, and then execute a transaction simultaneously. Due to a flaw in the software's calculation of the total transaction amount, the seller's account could receive the full XRP, while the buyer's account would need to pay almost nothing. Researchers Cayden Liao and Veria AI reported the vulnerability on September 22, and RippleX subsequently reproduced the attack and confirmed that the generated XRP could be used in subsequent transactions. RippleX stated that there is currently no evidence that this vulnerability has been exploited on any public network. The development team released version 3.4.1 of xrpld on September 25 to fix the vulnerability.

The on-chain guarantee protocol Firelight stated that some deposit addresses failed the fund screening, and the related funds have been unstaked and returned to the original addresses, involving 87 addresses and a total of 117,500 FXRP. Firelight mentioned that the current mechanism screens blacklisted addresses or addresses sanctioned by OFAC during fund deployment and throughout the entire cycle. If an address is flagged during deployment or within the cycle, the funds will remain in the protocol until the cycle ends and will not generate rewards, but can still participate in the guarantee module for the remaining time of that cycle.After the cycle ends, the funds will be returned, and the related wallets will be prohibited from accessing again. Firelight stated that this practice is unsustainable and will roll back the blacklist process in the coming days and unfreeze the affected wallets; the time and steps for retrieving funds will be announced separately. Security, KYC, and institutional standards remain unchanged, and Firelight will develop a new plan that does not affect users in the coming weeks and will seek community input before any changes. Flare co-founder Hugo Philion stated that due to compliance policies, 84 Flare addresses have been unstaked by Firelight, and he personally will issue equivalent subsidies to those addresses that are not sanctioned and not widely blacklisted.

On October 8, the XRP Ledger activated the PermissionDelegationV1_1 feature, allowing account owners to authorize other accounts to perform specific tasks without relinquishing control of the account's master key. According to the monitoring site XRPL Dashboard, such upgrades require over 80% support from trusted validators for two consecutive weeks; based on the current 35 validators, at least 29 must support it. The countdown for this feature was reset in September due to the support rate falling below the threshold.This feature allows enterprises to split permissions by function. Stablecoin issuers can authorize compliant accounts to approve new customers while keeping the master key offline. Authorized accounts use their own keys to sign and can only perform the granted operations; owners can change or revoke these permissions at any time. Each authorized account can receive up to 10 permissions, which limit the types of operations they can perform, rather than automatically setting spending limits. Banks have previously separated payment and compliance responsibilities at the employee level, and this upgrade enforces such division at the ledger level.According to a report shared by Evernorth, a subsidiary of XRP Treasury, the network held an average of $3.72 billion in tokenized assets and $539 million in Ripple's RLUSD stablecoin in the second quarter, totaling approximately $4.26 billion. Official guidance advises users not to delegate PaymentBurn permissions before separately fixing activation; this permission is intended for assistants to destroy tokens but, under certain conditions, also allows for the creation of new tokens. This warning pertains to tokens issued on the ledger rather than newly minted XRP.

According to monitoring by Lookonchain, trader 0xdd6a has shorted BTC, ETH, SOL, XRP, and DOGE on Aster DEX with 20x leverage, and currently all positions are in profit, with a total position value of approximately 26.5 million dollars and unrealized profits of about 586,000 dollars.Among them: holding 3,629 ETH, position value approximately 9.33 million dollars, floating profit 163,000 dollars; holding 73,728 SOL, position value approximately 8.52 million dollars, floating profit 141,000 dollars; holding 48.37 million DOGE, position value approximately 4.24 million dollars, floating profit 224,000 dollars; holding 1.68 million XRP, position value approximately 2.37 million dollars, floating profit 53,000 dollars; holding 24 BTC, position value approximately 1.99 million dollars, floating profit 5,600 dollars.

According to SoSoValue data, yesterday (Eastern Time October 6), the total net inflow of XRP spot ETF was $3.1404 million.Among them, Bitwise XRP ETF (XRP) had a net inflow of $10.5514 million in a single day, with a historical total net inflow of $688 million. Franklin XRP ETF (XRPZ) had a net outflow of $4.0702 million in a single day, with a historical total net inflow of $501 million.As of the time of writing, the total net asset value of the XRP spot ETF is $1.697 billion, with an XRP net asset ratio of 1.79%, and the historical cumulative net inflow has reached $1.794 billion.

The DeFi insurance protocol Firelight has begun underwriting, with its insurance payouts backed by 50.02 million XRP staked on the Flare network. The first batch of underwritten positions is directed towards two Sentora vaults.According to the arrangement, relevant claims will be adjudicated by a coalition of five institutions with a three-fifths majority vote, and the audit report for the underwriting contracts is currently marked as forthcoming.

According to research data from CoinDesk, the market capitalization of Ripple's USD stablecoin RLUSD reached $2.37 billion in September 2026.Data shows that in June of this year, the supply of RLUSD on the XRP Ledger (XRPL) network surpassed that on Ethereum for the first time, accounting for 52% of the total supply, while Ethereum's network accounted for 48%. This change indicates that the liquidity of RLUSD is increasingly shifting towards Ripple's native settlement infrastructure, XRPL.

According to CoinDesk, Armada Acquisition Corp. II (XRPN) closed at $39.42 last Friday, up 68% on the day, and has risen approximately 273% over the week, reaching a high of $53 during intraday trading, compared to $10.58 a week ago, with a further pre-market increase of 9.5% on Monday. The company is the SPAC driving the listing of XRP treasury company Evernorth, which stated that the merger is expected to be completed on October 7 (Wednesday), pending the fulfillment of remaining conditions.Evernorth is expected to hold approximately 473 million XRP at the time of closing, valued at about $714 million based on Monday's price of approximately $1.51. Its disclosed financing includes about $300 million in total cash proceeds, of which $225 million comes from a private placement, $30 million from convertible notes, and $48 million from Armada's trust funds, with supporters also directly investing in XRP. However, the company purchased 84.4 million XRP for $214.1 million by the end of 2025, at an average price of approximately $2.54, which is now worth about $127 million.Armada Trust held $241.2 million at the end of June, with each public share redemption valued at approximately $10.49. Evernorth's announcement on October 1 indicated that about $48 million of the trust funds would be reserved for trading, suggesting that approximately 80% of the trust funds would be returned to shareholders. Redemptions will reduce the number of publicly tradable shares, allowing relatively small orders to significantly drive up the stock price.

According to SoSoValue data, last week's trading days (Eastern Time from September 28 to October 2) saw a net inflow of $4.7439 million for XRP spot ETFs.The XRP spot ETF with the highest net inflow last week was Franklin Templeton ETF XRPZ, with a weekly net inflow of $4.0650 million, bringing the historical total net inflow for XRPZ to $505 million; followed by Canary ETF XRPC, with a weekly net inflow of $780,900, currently having a historical total net inflow of $490 million.The XRP spot ETF with the highest net outflow last week was Bitwise ETF XRP, with a weekly net outflow of $101,900, currently having a historical total net inflow of $677 million.As of the time of writing, the total net asset value of XRP spot ETFs is $1.66 billion, with an ETF net asset ratio (market value compared to total XRP market value) of 1.79%, and the historical cumulative net inflow has reached $1.79 billion.