Ripple is bringing wallet technology from Stripe-owned Privy to the XRP Ledger, enabling apps and AI agents to create accounts, hold crypto and make payments independently. Agent payments already account for roughly 25% of activity on the network.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
XRP/USDT
▲ Likely positiveXRP
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $81.8B |
| Close on 10/13/2026 | 1.36610 |
| Change that session | +1.78% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Crypto Market Ends Week Under Pressure from Inflation and Capital Outflows Fixygen Review
Crypto markets ended the week under pressure from hotter U.S. inflation data and outflows from spot ETFs. Bitcoin traded near $82,000 and Ethereum around $2,450 after U.S. CPI rose 0.6% month over month and 3.7% year over year, with PPI up 1.3%. Over four sessions, U.S. spot Bitcoin ETFs saw net outflows of about $146 million and spot Ethereum ETFs lost about $250.4 million, a combined total of roughly $396.4 million. MSCI will change its rules to exclude companies whose financial characteristics resemble investment funds, effective after the November review, with the final list due November 11. Strategy and Metaplanet are among the affected firms, and Strategy shares fell more than 4% on October 16. Meanwhile, Strive Inc. reported Bitcoin reserves estimated at about 35,595 BTC after two announced purchases.
- XRP Treasury Company Evernorth Just Went Public on Nasdaq. Here's How It Could Impact the Price of XRP.
On October 12, Evernorth Holdings (XRPN) debuted on Nasdaq as the largest publicly traded XRP treasury company in the world, holding 473 million XRP. The company is backed by Ripple, and CEO Asheesh Birla is a former senior Ripple executive; the article suggests Evernorth could become 'the Strategy of XRP,' encouraging investors to buy XRP much as Strategy's Bitcoin buying does. XRP has fallen 28% in 2026, while Evernorth's holdings amount to less than 1% of the 63 billion XRP in circulation. Spot XRP ETFs hold 1.2 billion XRP, more than twice Evernorth's amount, but they have had little to no impact on XRP's price this year, so the article expects Evernorth to have similarly little effect in 2027.
- XRP ETFs See $770K Inflows: XRP Price Forecast Targets $1.47
XRP was trading at $1.29, down 4.36% over 24 hours and pressing on $1.2659 support, while 24-hour volume rose 40.18% to $3.01 billion and the token is down 12.22% in October. The slide follows hotter-than-expected September PPI inflation of 6.3% (versus 5.3% expected) and core PPI of 5.0% (versus 4.4%), which raised the odds of further rate hikes. Spot XRP ETFs still posted small inflows, while Evernorth is deploying its XRP treasury. According to the analysis, a daily close below $1.2659 would open a path toward $1.00–$1.10, while buyers would need to reclaim $1.4711 and then $1.6238 to move higher. Six of the nine Octobers in the seasonal table finished lower, and this October is tracking that pattern so far.
- Ethereum, Altcoins See 'Outsized Drawdowns' Due to Macro Pressures
Ethereum, XRP and Solana fell more sharply than Bitcoin on the day, cutting total crypto market cap 2.5% to $2.8 trillion. Ethereum dropped 5.5% to $289 billion, XRP fell 5.1% to $82.4 billion, Solana slipped 3.8% to $60.6 billion, and Bitcoin lost 3.1% to $1.6 trillion. Experts cite macro pressure, including 3.7% annual consumer inflation and a 28% chance of an October rate hike on the Myriad prediction market. Derive.xyz's Nick Forster said hedging on his platform doubled as whales pulled back from spring bets, while Bitwise's Max Shannon noted $8 billion less altcoin futures open interest since early October as traders took profits. CoinShares' Luke Nolan said altcoins are most sensitive to tighter liquidity and a strong dollar, and a Bitcoin move above 80k could spark a sharp altcoin rebound.
- Why Is Crypto Down Today ? Nearly $1 Billion in Leveraged Positions Just Got Wiped Out .
Nearly $1 billion in leveraged crypto positions were liquidated as Bitcoin, Ethereum, XRP and most of the 26 largest cryptocurrencies tracked fell sharply. Bitcoin dropped 3.2% to $80,957, Ethereum fell 5.8%, Solana 4.9%, and total market capitalization fell 5.5%, with smaller coins such as Zcash down 12.6%. The article links the forced selling, a liquidation cascade, to broader pressures including an 8% drop in South Korea's KOSPI, U.S. inflation at 3.7%, and net outflows of $261.46 million from spot Bitcoin funds on October 14. Bitcoin is hovering near the $80,000–$81,000 support zone, and the article flags the 50-week moving average at $76,618 as the next level to watch if prices fall further.
- Bitcoin holds above $80,000 as Asian stock rout drags altcoins lower
Bitcoin dipped to just above $80,000 around 02:30 UTC, near its Oct. 8 low, before recovering to about $81,200, down roughly 0.5% since midnight UTC. A sharp selloff in Asian equities, with South Korea's Kospi plunging 8% and triggering circuit breakers, and a roughly 1% drop in Nasdaq 100 futures weighed on the market after a hotter-than-expected U.S. inflation report. The odds of an October Fed rate hike jumped to nearly 47% before easing to about 26%. Altcoins fell harder: the CoinDesk 80 slid 2.2% versus 0.7% for the CoinDesk 5, ether dropped 2.0% to near $2,370, and pump.fun lost 9.4%. Nearly $1 billion in crypto futures positions were liquidated over 24 hours, up from about $136 million a day earlier, with ether longs worth $200 million liquidated versus $115 million in bitcoin.
Related markets
Latest news
- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
- Zerohash rolls out a new tool to move crypto without copying wallet addresses
Zerohash launched AUTH, a service that lets users move crypto, stablecoins and blockchain-based stock tokens between linked exchange accounts or self-custody wallets without copying wallet addresses or choosing a blockchain network. To transfer, users pick an account in an app that offers AUTH, sign in and approve the move, while the service handles routing and settlement and each app sets which assets and transfer types it allows. AUTH supports more than 600 connections, including Coinbase, Robinhood, Gemini, MetaMask and Phantom, with Coinbase, Robinhood and Gemini live and Kraken in beta. The launch comes as Zerohash's application for a national trust bank charter, returned by the Office of the Comptroller of the Currency in July, remains pending after a narrower refiling on Aug. 18.
- 2 charts show why Wall Street is right to worry about tech stocks
Rising cost of capital could affect the financial statements of hyperscalers such as Oracle (ORCL) and Google (GOOG, GOOGL) in 2027, as they need fresh debt to fund AI infrastructure and free cash flow may turn negative. JPMorgan strategist Mislav Matejka forecasts hyperscaler free cash flow will turn negative in 2027, implying credit markets will drive more of the AI build-out. Consensus estimates for 2027 capital expenditures are already rising from levels experts believe are too low. Morgan Stanley sees total 2027 capex among hyperscalers reaching $1.6 trillion, up from $978 billion estimated for this year. Dan Ives of Yorkville expects capex to reach the trillions and over 1,000 datacenters to be built in the next few years.
- Update on loan rate cuts as of the evening of Oct 19: MB, VietinBank, SHB, OCB join in
SHB, MB, VietinBank and OCB have announced loan rate cuts, following Agribank, Vietcombank, BIDV, ACB, LPBank and VietBank, with typical reductions of 1.5-2% per year. MB is cutting 1.5% per year for five priority sectors, to rates from 7.9% per year, and up to 2% in some cases; VietinBank is cutting up to 2% per year, while OCB offers up to 2.25% per year on some medium- and long-term loans for OCB Priority Banking members. SHB is cutting 1.5-2% per year for businesses and households and offers rates from 5.5% per year for lecturers and students at some universities. Vietcombank commits to cutting at least 2% through year-end, BIDV applies rates from 6% per year on short-term VND loans from 15/10/2026, and VietBank runs a VND 3,000 billion package. Specific benefits depend on borrower type, loan purpose, term and program conditions, following directives from the Government and the State Bank of Vietnam.
- Nvidia wins CPU business from Modal, previously exclusive to AMD and Intel
Modal, a San Francisco-based AI cloud startup that previously ran its AI agent workloads only on Intel and AMD processors, will begin using Nvidia's new Vera CPU. Early tests showed the Nvidia chip doubled work capacity for AI agents, and Modal plans to run it alongside Intel and AMD chips, assigning each task to the most efficient hardware, though integration requires substantial software changes. Modal recently raised $750 million in a round led by Accel at a $15.75 billion valuation and expects $1 billion in sales over the next year, with usage tripled and revenue up more than 15 times year-over-year. Nvidia projects at least $20 billion in Vera chip revenue this fiscal year in a market it estimates at about $200 billion, and says OpenAI, Anthropic, Oracle and Perplexity also plan to use the chips.
- America's EV Plans Have Died
Billions of dollars went into EV factories, dealerships and marketing after President Biden set a goal for 50% of new US car sales to be zero-emission by 2030, but EV sales have since fallen sharply. US EV sales dropped 30.7% in the first nine months of 2026, after the $7,500 tax credit expired on September 30 last year, and gas prices near $4.50 per gallon have done little to lift them. According to Kelley Blue Book, the average transaction price of a new EV was $54,754 in August, above the $50,089 average for all new cars. Ford's EV sales fell 80.2% to 6,047 in the third quarter, and it has no new EV planned until its Fathom launches next year, while Tesla holds over 50% of the market and no other major automaker has even 10%. The article says EVs could recover if gas prices reach $5 and stay there for months, but that is uncertain.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.