XRPL tries to mathematically prove its new lending market cannot be drained

XRP Ledger (XRPL) developers are using mathematical proofs to test whether the networks forthcoming lending market can be drained or become insolvent.  Related Asset XRP #5 XRP · $1.38 24-hour change: up 5.61% Loading price history… 24H Up 5.61% 7D Up 0.38% 30D Up 28.80%  On Sept. 17, protocol research firm Common Prefix said it is formally verifying XRPLs Lending Protocol with Lean 4, a theorem-proving language designed to establish whether software satisfies defined mathematical properties across possible system states.  The firm said the work is intended to show that the protocol cannot enter states that violate its accounting and safety rules.  The work has taken on greater significance after xrpld version 3.4.0 shipped this week with LendingProtocolV1_1, an amendment that introduces closed-ended lending vaults and cash-basis accounting. The amendment is included in the server software but still requires approval through the XRP Ledgers amendment process before taking effect.  XRPLs lending design would allow depositors to pool assets that loan brokers can deploy into fixed-term, uncollateralized loans. Borrower underwriting and credit assessment happen off-chain, while the ledger records loan origination, repayments, and accounting.  That puts a premium on getting the protocols internal bookkeeping right. Errors involving vault balances, loan payments, or share calculations could affect pooled

09-18انڈسٹری

SEC and CFTC bypass Congress to open crypto access after CLARITY fails – with a catch

Two days after the US Senate failed to advance the CLARITY Act, federal regulators opened two narrower routes for crypto-linked market access under existing law.  The Securities and Exchange Commission created a five-year path for permissioned venues to trade tokenized US stocks through automated market makers. The Commodity Futures Trading Commission broadened staff no-action relief so qualifying software providers can connect users to regulated derivatives markets without registering as introducing brokers for the covered activity.  The actions can support real products, but they do not recreate market-structure legislation. The SEC route is capped and conditional. The CFTC route still relies on registered derivatives firms for onboarding, trading and custody, and it rests on a staff position that can change.  The SEC turns existing authority into a five-year test  The timing was direct. On Sept. 15, senators voted 49-50 against cloture on the motion to proceed to H.R. 3633, according to the official roll call. That was a procedural failure to advance the CLARITY Act, not a final vote on the bills merits.  On Sept. 17, SEC Chairman Paul Atkins connected the congressional setback to the Commissions next move. In a statement accompanying the Innovation Exemption, Atkins said the agency was acting within its existing statutory

09-18انڈسٹری

HYPE hits record above $90 as Hyperliquid launches manual borrowing

HYPE, the native cryptocurrency of the Hyperliquid layer-1 blockchain and decentralized trading platform, set a fresh all-time high above $90 on Friday as the protocol rolled out manual borrowing.  HYPE surged as high as $90.92 shortly after Hyperliquid announced users can now supply HYPE and Bitcoin as collateral to borrow the stablecoins USDC and Tethers USDt (USDT).  “Manual borrows are live on Hyperliquid,” the protocol said, adding that the feature and its portfolio-margin system use the same underlying HyperCore infrastructure. Hyperliquid co-founder Jeff Yan said the design means every borrowed asset comes from a supplier rather than being created through platform-level margin accounting.  Hyperliquid (HYPE) all-time price chart. Source: CoinGecko  The new feature lets users borrow USDC or USDT directly against HYPE or Bitcoin collateral, extending direct access to borrowing beyond Hyperliquids portfolio margin system. Hyperliquid reported $269 million in assets borrowed across the underlying infrastructure on Friday.  The rollout comes two days after Payward, the parent company of cryptocurrency exchange Kraken, on Wednesday announced plans to deploy onchain perpetual futures markets for US clients, starting with Hyperliquids HIP-3 markets.

09-18انڈسٹری

Dragonflys Qureshi calls for end to Zcash dev fund after 2028

Crypto-focused venture capital firm Dragonflys managing partner, Haseeb Qureshi, proposed winding down the Zcash developer fund after it expires under current rules in 2028.  “Im of the opinion that this should be the final Dev Fund,” wrote Qureshi in a Friday X post, arguing that the fund is large enough to fund remaining work on Zcash and that it risks being “politicized” as it approaches $100 million in value.  The Zcash development fund held 63,962 Zcash (ZEC) tokens at press time, worth about $95 million, according to ZecStats.  The remarks follow a broader industry debate that stemmed from the fund‘s increasing value, following the ZEC token’s rally. Others argued that Zcash should maintain its development fund. Paradigm founder Matt Huang argued in a Wednesday X post that the fund is particularly important “in this age of AI cyber capabilities” and rapid quantum progress.  Zcash pools, including the dev fund, also known as the lockbox. Source: ZecStats  The ZEC development fund is a protocol development fund that accrues 0.1875 ZEC tokens per block, representing 12% of the block subsidy under the NU6 upgrade. Its balance sits outside circulation until governance disbursement.  Related: Zcash holders back 25-second blocks, vote to keep ZEC halving schedule  Industry split over who should

09-18انڈسٹری

XRP Price Forecast: ETF Inflows Beat Bitcoin Again

XRP is trading at $1.3351, up 3.01% on the day. This week for the first time the chart and ETF tape are telling opposite stories, making this an intriguing XRP price forecast.  Spot XRP funds shed 3.97 million XRP on Sept. 17. Canary‘s XRPC losing 1.06 million and 21Shares’ TOXR 2.91 million: roughly $5.3 million at current prices. That wiped out the prior session‘s 2.73 million XRP inflow from Franklin Templeton’s XRPZ and snapped the zero-redemption streak that defined the week.  The flow leadership flipped alongside it. Bitcoin spot ETFs took in a net 2,090 BTC on Sept. 17, their first green session after shedding 3,910 BTC and 5,760 BTC on the two prior days, with BlackRock‘s IBIT adding 2,410 BTC against modest redemptions at Fidelity and Bitwise’s HODL.  Ethereum funds stayed negative but bled less: 16,260 ETH out, versus 93,490 ETH the day before, almost entirely from BlackRocks ETHA. The backdrop is a Federal Reserve rate hike on Wednesday, which is still working through risk assets.  Cumulative XRP ETF inflows remain at 923.66 million XRP since launch, so one red session doesnt undo the structural bid. It does sharpen the question at the center of any XRP price forecast today: is a 3%

09-18انڈسٹری

Bitcoin adds to bull-market hopes as price metric prints fourth-ever bullish cross

Bitcoin (BTC) is showing strong signs that its latest long-term floor is already in, according to a classic trading indicator.  Key points:In August, the Fisher Transform indicator delivered a monthly bullish crossover for only the fourth time in Bitcoins history, according to Willy Woo.Previous monthly crossovers accompanied the end of Bitcoin bear markets, including in late 2022, when the Fisher Transform Indicator hit -3.83.A bullish divergence continued on weekly time frames, echoing the closing stages of the 2022 BTC price downtrend.  Analyst sees evidence of clean BTC price reversal  In an X thread on Friday, analyst Willy Woo flagged key readings from the Fisher Transform indicator, a price trend analysis tool created in 2002.  The indicator smooths an assets price action to create a readable trend-strength chart. Market prices tend to spend more time around extreme values than ordinary statistical data. The Fisher transform corrects this by applying a log-based transform.  The indicator is formed of two trend lines, the Fisher line and the trigger line, that fluctuate on a scale with zero at its center. The trigger line is derived from the Fisher line, plotted with a delay of one period.  Woo shows that for Bitcoin, a sharp upward reversal in Fisher, where its two

09-18انڈسٹری

Kevin OLeary buys crypto again as he eyes next blockchain adoption wave

Kevin OLeary has returned to buying new cryptocurrency positions for the next market cycle while watching for a major stock exchange to adopt blockchain infrastructure, a development he expects could influence which network gains institutional traction.  SummaryKevin OLeary is buying new crypto positions as he prepares for the next market cycle and looks for networks gaining institutional adoption.OLeary said the first major stock exchange to adopt a blockchain could become a watershed moment for the crypto industry.OLeary does not expect the CLARITY Act to pass before the midterms but believes digital asset tax policy will keep regulation on the agenda.OLeary sees Bitcoin potentially accounting for 1% to 3% of institutional alternative asset allocations.  According to comments made to The Block at the Avalanche Summit in New York, the OLeary Ventures chairman said he is placing new bets as he tries to identify which blockchain could gain widespread use and where that adoption will emerge.  “I‘m back in the saddle buying new positions, putting my bets on for this next cycle,” O’Leary said.  His investment approach is focused less on picking individual crypto assets in isolation and more on determining which underlying network could become a standard for a major industry. Conversations with executives have

09-18انڈسٹری

Binance keeps MiCA plans intact despite Lagarde intervention report

Binance has kept its European licensing plans open after declining to address a report that European Central Bank President Christine Lagarde intervened in its failed Greek MiCA application.  According to a Sept. 18 Wall Street Journal report, a vice chair of Greece‘s Hellenic Capital Market Commission told Binance that Lagarde had asked Greek Prime Minister Kyriakos Mitsotakis not to approve the exchange’s application. The account has not been publicly confirmed by Lagarde, the ECB or the Greek regulator.  “We will not comment on speculation,” a Binance spokesperson said in response to the report. The exchange maintained that it remains committed to securing authorization under the European Unions Markets in Crypto Assets Regulation, or MiCA.  “In Europe, Binance remains committed to operating on a long-term, compliant basis under the EUs Markets in Crypto-Assets Regulation,” the spokesperson said.  Binance Greek MiCA bid was reportedly close to approval  Greek officials had informed the European Securities and Markets Authority in early June that the HCMC intended to approve Binances application, according to the Wall Street Journal. The exchange had been preparing for approval weeks earlier and drafted an announcement describing the expected authorization as a major milestone.  Binance co-CEO Richard Teng was expected to travel to Athens for a meeting

09-18انڈسٹری

Stablecoin payments firm dtcpay closes $25M round with SBI backing

Singapore-based stablecoin payments company Dtcpay has completed a $25 million Series A funding round after securing backing from Japanese conglomerate SBI Group.  On Friday, SBI Holdings said it invested through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund, two Singapore-based investment vehicles managed by the group. Neither SBI nor dtcpay disclosed the size of SBI‘s contribution or the company’s valuation.  Dtcpay said the investment completed its $25 million Series A, which began with a $10 million tranche led by Vertex Ventures Southeast Asia & India in April. Genedant Capital and existing investor Kwee Liong Tek also participated in the round. Dtcpay previously raised $16.5 million in pre-Series A funding in June 2023.  The company provides infrastructure that allows businesses and individuals to accept, store and transact in stablecoins and fiat currencies. Its services include a real-time stablecoin-to-fiat conversion system, merchant payment terminals and a Visa card that lets customers spend supported stablecoins through the card network.  The company holds a Major Payment Institution license from the Monetary Authority of Singapore and an Electronic Money Institution license in Luxembourg.  Dtcpay said the funding would support an expansion of its merchant network and product suite, including a revamped business portal and new consumer features. Meanwhile, SBI

09-18انڈسٹری

SEC Moves Ahead Without Congress! Tokenized Stocks Could Ignite a Crypto-Stock Bull Market: Who Will Get Rich in the Era of “Crypto Meets Wall Street”?

If the biggest story in crypto over the past decade was “moving money onto the blockchain,”  then the next, potentially much bigger story could be:  “Moving the entire capital market onto the blockchain.”  On September 17, the U.S. Securities and Exchange Commission (SEC) suddenly sent a major signal. After progress on the CLARITY Act stalled, the SEC introduced an “Innovation Exemption,” allowing qualified Tokenized Securities Venues (TSVs)—in other words, “tokenized securities trading venues”—to trade certain tokenized U.S. stocks through permitted AMMs and liquidity pools.  This is not simply a matter of “putting U.S. stocks on-chain.”  What really matters is that, for the first time, the SEC has established a formal regulatory framework that opens a temporary, controlled, and compliant pathway for stocks to be traded on blockchain networks.  And that makes a scenario that once sounded almost science fiction increasingly realistic:  Stock → Token → Wallet → DEX → Stablecoin → DeFi → Collateralized Lending  If this entire chain eventually works, the next RWA boom may no longer be limited to “tokenized Treasury bonds.”  Instead, we could be entering a genuine:  “Crypto-Stock Bull Market.”1. What Exactly Did the SEC Allow? Not a Bull-Market Button, but a Five-Year “On-Chain U.S. Stock Market Stress Test”  Dont rush to declare a bull market just

09-18گہرا غوطہ
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