A bug that existed since 2015 could have let a specially crafted transaction create about 18 trillion $XRP in testing. Developers say they found no evidence it was ever exploited on a public network. The flaw was an integer overflow in the XRP Ledger’s payment engine that also affected the safety check meant to catch supply changes. Researchers reported it through the bug bounty program on September 22, and RippleX shipped the fix in xrpld 3.4.1 on September 25, bypassing the usual amendment vote so the details wouldn’t give attackers a head start. Full technical details were disclosed October 9. The 18 trillion figure is the impact shown in controlled testing, not XRP that was actually created, and the 100 billion supply is reported intact. Node operators should run 3.4.1 or newer. Read the full story on UseTheBitcoin:

The company that hoarded 473 million XRP closed down on its first day as a public company. A one-trick company went public on Nasdaq—its sole purpose is to accumulate coins for holders, with 473 million XRP in its possession. It surged 5% at the open but closed down 1.05%. The decline wasn’t large, but something felt off: it has no other business, and its balance sheet contains only the coin’s price. What hurts more is that those XRP were still quite valuable when the agreement was signed, but their book value has now fallen by $443 million. XRP itself had already dropped 8% before the listing; before buyers even came through the door, it had already taken a hit. My view: In the past, the stock prices of coin-hoarding companies were supported by premiums. Once the story reaches the public market, they have to show the real books. When the coin price turns, the stock price immediately bends with it. Premiums can disappear just like that. Next, watch two things: XRP’s own trend, and whether it can hold above net asset value. $XRP

$XRP XRP treasury company Evernorth closes down 1.05% on its first day of Nasdaq trading Opened high and fell throughout the day Expectations fulfilled? Guys The highly anticipated XRP treasury company Evernorth officially began trading on Nasdaq The stock opened high and fell throughout its first trading day Ultimately closing down 1.05% It surged to a high of $19.38 shortly after listing Then large amounts of capital took profits It fell to a low of $16.39 Closing at $16.91 Down slightly by 1.05% for the day Trading volume was close to 1.29 million shares What's even more ironic is XRP itself It fell 3.03% on the same day Closing around $1.37 Evernorth holds 473 million XRP At $1.37, that is worth $648 million Plus $300 million in cash Before the listing, the market was hyping it as the XRP version of MicroStrategy But on the first day, both the stock and token were hammered Where did things go wrong? A key number was hidden in the SEC filing 80.3% of holders of SPAC redeemable shares Chose to redeem and cash out before the merger What does that mean? It means most people had no intention of holding this stock long term They came to flee on the first day of trading The stock price of SPAC shell company Armada II was even more outrageous It was still at 10.68 two weeks ago It surged to 53 on October 2 Then was dumped all the way back to around 17 This isn't investing This is a casino So Guys This is a typical case of selling the news Market hype and expectations were fully priced in before the listing Once the listing actually went through The bulls cashed out immediately Buy the expectation, sell the fact Going forward, we still need to watch the correlation between the XRPN stock price and the XRP token price Second, whether the company will continue accumulating XRP on the secondary market Guys Those holding XRP should still be cautious ‍#BTC涨1.17%