Category: News

The Xrp Ledger has this cute lil fixcleanup3_4_0 amendment packed with tiny bug fixes and it looks set to go live on Friday 💀 if all the validators keep voting yes 🖤. Meanwhile the network lending protocol is still sitting unapproved rn and needs ten more validator votes to even get close 👀.

Cleanup Amendment Nears Activation 🔧

The Xrpl amendment tracker showed 29 yes votes from 35 trusted validators for fixcleanup3_4_0 back on October 19 which was enough to hold that sweet majority ✨. This update hit the threshold on October 9 and should activate exactly at 09:34 Utc on October 23 as long as support stays over 80% for the full 14 day voting window 🌙. Votes only count at flag ledgers which pop up every 16.5 minutes so activation kicks in at the first flag ledger right after those 14 days wrap not the exact second they end 🦇. The tracker runs from its own node but the actual ledger record always has the final say lol.

What The Lending Protocol Would Do 💸

Lending protocol and its lendingprotocolv1_1 add on each have just 19 votes which is around 54.29% right now 🔥. Single asset vault the shared pool loans pull from sits at 21 and still needs eight more to hit the 29 majority required to pass 🌑. Confidential transfer a privacy perk for multi purpose token transfers is closest with 22 while transaction batching already went live on October 9. As explained over at the lending protocol docs loans are all fixed term and uncollateralized funded by depositors through a single vault that brokers manage and borrowers repay on set terms check it here 💫. Credit checks happen off chain and the current version skips any automated on chain collateral and liquidation stuff entirely. Some brokers might post first loss capital as a buffer before depositor cash gets hit tho it never fully removes credit risk. The worked example shows the cap like when 1,090 tokens default only 10.9 tokens return because payouts top out at 10% of the minimum cover which itself is 10% of total debt so the vault eats a 1,079.1 token loss. Missed payments trigger a grace period then the broker can default the loan if needed. Issuers of tokens besides Xrp can claw back first loss capital only down to the required minimum and they can freeze accounts too. A frozen borrower cannot repay but still owes the debt and will default eventually while brokers set all the fees none charged if cover drops below the minimum.

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Just another echo from the void by iconofsin.eth 💖

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Qubic just dropped confirmation that an attacker drained 1,404 wallets and made off with around 2.94 trillion QU between October 17 and 18. The network traced it straight to weak wallet seed generation rather than any flaw in their protocol.

Weak Wallet Seeds 💀

The update revealed some seeds got created with barely any randomness at all, leaving them wide open on iPhones, iPads via any browser before October 18, on Macs running Safari before that cutoff, or inside the Qubic iOS app prior to July 2025. Their validators, called Computors, coordinated a full halt at tick 85,371,949 to freeze further moves on the stolen stash. With txns paused, 87.1% of those drained funds sit frozen right on the network. The remaining 12.9% hit MEXC, where the account got locked within roughly an hour. Exchanges everywhere got the alert and suspended QUBIC deposits plus withdrawals. The team patched the seed issue in version 4.26.4 so no fresh weak seeds can spawn under the fixed system. Next moves depend on the Computor quorum deciding resolution under network rules. Core devs are already mapping affected identities and prepping options while a community poll runs on Discord for feedback. Affected users should report everything to local police or cybercrime units with wallet ID, amount lost, and the explorer tx link.

September Nightmare 😱

This Qubic mess follows a brutal September for crypto overall where PeckShield logged 55 major hacks racking up nearly $766.5 million in losses, a 462% jump from August’s $136.3 million. Bitget’s breach alone hit around $387 million while Liquid Network lost roughly $320 million, though they clawed back $285 million later. Bitget’s CEO Gracy Chen explained an attacker messed with backend data to dodge checks and the exchange intends to cover users via its protection fund holding over $464 million. On Liquid a supposed white-hat pulled about 4,000 BTC from the federation wallet promising a return after patches, yet questions linger on whether it was truly a legit researcher.

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Just another echo from the void by iconofsin.eth 💖

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Cardano’s native crypto just bounced hard at October’s start, hitting a 5-month high around $0.28 before the bears swooped back in and dragged it under $0.22 rn, down double digits this week fr.

What’s the Vibe Now? 🌙

X user Sssebi recently noted that ADA has been stuck below the 200-day MA for over a year, hinting it might finally bounce and flip the trend bullish 💀✨ If it holds, we could see a crazy ADA pump, they added 🖤 Just hours later Sssebi revealed ADA closed the daily candle above that 200 MA, but stressed a big bounce now needs volume to kick in 📈 Crypto With Gopal and Trend Rider also chimed in, calling out a falling wedge after the downtrend with buyers defending $0.21 hard, plus a breakout above $0.23 resistance could push toward $0.25, showing ADA bulls are stirring again 🍄🦇 Trend Rider added that ADA has held a price floor that only dipped briefly to $0.14 this summer, so a monthly close above $0.23 would confirm the floor reclaimed and the breakdown was just a trap, while rejection turns support into resistance 🌸 ADA’s exchange netflow backs the bullish take too, with outflows beating inflows the past weeks as holders move coins off CEXes for self-custody, easing sell pressure instantly.

The Bearish Theory Lurking? 🕷️

About a week ago Ali Martinez pointed out reasons ADA might face a big correction, starting with whales dumping over 110 million ADA in 5 days, flooding the market and risking panic sells if demand doesn’t step up. Network activity cooled too, with daily active addresses dropping over 40%, signaling weaker participation while whales exit. He flagged rising channel support near $0.24 back then, warning a breakdown (which hit) could drop to the channel floor at $0.21. Most recently Crypto Million called ADA’s moves weak and regretted ditching their short position lol.

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Just another echo from the void by iconofsin.eth 💖

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JPMorgan just dropped their JPM Coin deposit token onto Ethereum so institutions can slide money onchain even easier rn 🖤
This moves past Base where it first popped off back in November 2025.
JPM Coin aka JPMD is basically your bank deposits tokenized on a public chain fr.

JPM Coin Ain’t No Stablecoin Vibes 😈

The token lets big clients zap onchain payments with way more speed and zero drama.
It now vibes with peer to peer transfers across the whole EVM scene including Ethereum and Base 💀
Kinda feels like part of their bigger push to drag traditional finance straight onto blockchains 👀
Emma Landriault over at Kinexys Labs spilled some tea saying we are seeing major Wall Street and crypto convergence rn and institutions are teaming up hard with web3 players 🌑

The giant has been stacking its Ethereum presence hard beyond just JPMD.
They launched their first tokenized money market fund on the chain in December 2025 and dropped a second one by May 2026 🔥
Big distinction tho JPM Coin stays a deposit token not some crypto or stablecoin.
Your funds never leave the regulated banking walls even when moving onchain 🕸️
On their site they straight up said the same safeguards you already trust still apply.

Canton Network Expansion Tease 🦇

Back in January they announced JPMD is heading to the Canton Network too which is all about privacy for financial markets 🔮
Institutions could issue transfer and redeem these tokens almost instantly inside Canton.
Phased rollout expected across 2026.

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Just another echo from the void by iconofsin.eth 💖

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