WEEK IN REVIEW

The XRP market experienced significant developments this week, with Ripple news and upgrades dominating the headlines. XRP price stabilized, while the NFT market trends were worth keeping an eye on. The validator software packages were also crucial, but it's essential to note that a package being published does not prove that validators installed it, adopted it, or are healthy.

On September 28, a significant amount of stolen XRP was moved beyond the reach of freeze controls by the Bitget hacker, highlighting the challenges of preventing cryptocurrency theft. The Batch upgrade, which would allow users to bundle up to eight transactions, was delayed due to a brief drop in validator support. The launch of SHR Miner's cloud mining service may provide XRP holders with a new way to earn returns on their investments.

On September 29, Peter Brandt's statement about XRP being a "fool coin" may have a negative impact on XRP's price, but it's essential to note that his prediction is focused on Bitcoin's price movement. XRP's price may be influenced by the overall market trend, but it's not directly correlated with Brandt's statement.

On September 30, XRP Ledger started carrying fund records from a Brazilian operator overseeing $4 trillion, marking a significant adoption milestone for the project. The launch of SHR Miner's cloud mining service may provide XRP holders with a new way to earn returns on their investments.

On October 1, Ripple unlocked 1 billion XRP from escrow, which could potentially impact the market price. The move is part of the company's plan to increase liquidity and facilitate transactions on the XRPL network. The official XRPL Foundation repositories reported the publication of xrpld package streams, including stable (Debian), stable (RPM), release candidate (Debian), beta (Debian), and development (Debian).

On October 2, Evernorth cleared its shareholder vote ahead of its Nasdaq debut with a 473M XRP treasury. Ripple locked 700 million XRP in escrow after unlocking up to a billion tokens from escrow a few hours earlier. XRP outperformed Ethereum at the start of October ETFs.

On October 3, the 'Largest Pure-Play' XRP Treasury Is About to Go Public, with Evernorth shareholders approving the merger with Armada Acquisition Corp. II, clearing the way for the Ripple-backed firm to begin trading on October 8 with a stash of roughly 473 million XRP. This development is significant, as it marks a major milestone for the XRP treasury and its potential impact on the market.

VALIDATOR SECTOR

The official XRPL Foundation repositories reported the following xrpld package streams:

Package publication is release information; it does not prove validator adoption or network health. Review the official XRPL Foundation package repositories.

TERRAMIKE’S TAKE

This week's XRP market update was all about Ripple news and upgrades. While XRP price stabilized, it's essential to keep an eye on the NFT market trends and the validator software packages. Remember, a package being published does not prove that validators installed it, adopted it, or are healthy. Keep reading, keep learning, and let the record do the teaching!

HISTORICAL NOTES