XRP Ledger patches decade-old unlimited-minting bug as markets drift on flash-crash anniversary

Today's session was defined more by what didn't happen than what did. Bitcoin slipped 0.57% to $82,803 and Ethereum edged down 0.44% to $2,495 — both moves well within noise. The Fear & Greed index sits at 64 (Greed), suggesting the broader mood remains constructive even if price action is quiet. The anniversary of the October 10, 2025 flash crash — which erased $19 billion in market value in minutes — gave analysts a natural checkpoint. The verdict: Bitcoin and Ethereum market depth has rebuilt to healthy levels, but altcoin liquidity remains thin. That structural fragility likely explains why Canton dropped nearly 5% on no news at all; in shallow markets, small sell orders move prices sharply. NEAR Protocol was the clear outlier, gaining 8.94% without a specific catalyst. The most plausible explanation is altcoin rotation: as sentiment improved and traders looked beyond large-cap assets, layer-1 networks that had underperformed attracted fresh capital. NEAR had lagged its peers in recent weeks, making it a natural target for that rotation. Solana fell 1.29% and Monero dropped 2.67%, both without obvious news drivers — consistent with the thin-liquidity picture analysts flagged today. Hyperliquid also slid 2.35%, continuing a soft stretch for the decentralized exchange token.

• –The XRP Ledger patched a decade-old vulnerability that could have allowed an attacker to mint an unlimited supply of XRP — effectively printing billions of dollars worth of the asset from nothing — before it was ever exploited.
• –New York's Attorney General secured up to $35 million and a lifetime crypto industry ban from Celsius founder Alex Mashinsky, drawing a formal close to one of the largest enforcement cases from the 2022 lending-platform collapse.
• –Ledger is investigating a wave of wallet drains tied to buyers of a product called CryptoBilis, with estimated losses exceeding $86 million — a reminder that hardware wallet security depends on the full supply chain, not just the device itself.
• –Robinhood Chain saw transaction volumes fall more than 40%, a sharp contraction for the retail-focused layer-2 network that signals weakening user engagement since its launch.