XRP is now backing protection for decentralized finance (DeFi) vaults through Firelight's activation of coverage on the Flare blockchain. This service embeds risk management into investment products like Sentora's USD Protected Vault and Protected RWA Vaults, helping safeguard investors against technical and economic failures such as exploits and oracle attacks. The protection is funded by staking FXRP tokens, with rewards paid from operator fees and losses shared by contributors. This development enhances XRP's financial utility by linking its staking system to live coverage obligations, aiming to increase transparency and security in the growing DeFi market.
XRP trades at Rp25.176 on Pluang as of Oct 08, 2026 12:41 WIB, showing a 4.17% decline in the past day. Despite this drop, XRP maintains a strong market cap of Rp1.591,33 trillion and a high buy interest with 84% of order activity favoring purchases. This trading activity provides context to XRP's expanding role in DeFi vault protection through Firelight's activation on the Flare blockchain.
A large trader opened short positions totaling about $21.87 million across PUMP, Solana (SOL), and XRP on October 8 after closing a long PUMP position at a loss. The trader's short positions included 1.5 billion PUMP tokens with 5x leverage, 75,000 S...
On October 8, Dogecoin saw a significant 13.34% drop in perpetual-futures open interest to $241.1 million, with a positive funding rate indicating longs pay shorts. Meanwhile, XRP recorded the most negative funding rate at -0.0031% every eight hours,...
Bitcoin fell 1.63% to $82,926 on October 8 amid a 4.44% decline in the total cryptocurrency market, which now stands at $2.83 trillion. Major tokens like Ether, XRP, Solana, and Dogecoin also saw losses, while BNB remained nearly flat. NEAR Protocol ...
Ripple is emerging as a significant competitor to Wall Street banks in the leveraged ETF financing market through its institutional brokerage arm, Ripple Prime. After acquiring Hidden Road and rebranding it as Ripple Prime, Ripple now offers total re...
The crypto market declined recently due to three main factors: significant outflows from US Bitcoin and Ether spot ETFs, forced liquidation of $651 million in long futures positions, and Federal Reserve minutes indicating a likely further interest ra...
