BTC $79,881.69 -2.06%
ETH $2,312.26 -2.73%
BNB $752.10 +0.24%
XRP $1.29 -3.32%
SOL $99.88 -2.90%
TRX $0.3310 -0.11%
DOGE $0.0777 -3.09%
ADA $0.1980 -4.65%
BCH $279.08 -6.27%
LINK $11.42 -3.35%
HYPE $78.95 -3.11%
AAVE $130.16 -4.16%
SUI $0.9089 -3.45%
XLM $0.1676 -2.63%
ZEC $1,240.69 -5.74%
AAPL $347.73 +0.24%
AMZN $252.48 -0.66%
GOOGL $291.98 -10.06%
MSFT $549.25 +3.60%
META $620.46 -0.55%
NVDA $213.61 -2.65%
TSLA $400.61 -2.15%
SNDK $1,351.48 -0.63%
INTC $91.70 -3.78%
SPCX $143.50 -4.23%
MU $947.94 -1.69%
AMD $559.52 -1.43%
BTC $79,881.69 -2.06%
ETH $2,312.26 -2.73%
BNB $752.10 +0.24%
XRP $1.29 -3.32%
SOL $99.88 -2.90%
TRX $0.3310 -0.11%
DOGE $0.0777 -3.09%
ADA $0.1980 -4.65%
BCH $279.08 -6.27%
LINK $11.42 -3.35%
HYPE $78.95 -3.11%
AAVE $130.16 -4.16%
SUI $0.9089 -3.45%
XLM $0.1676 -2.63%
ZEC $1,240.69 -5.74%
AAPL $347.73 +0.24%
AMZN $252.48 -0.66%
GOOGL $291.98 -10.06%
MSFT $549.25 +3.60%
META $620.46 -0.55%
NVDA $213.61 -2.65%
TSLA $400.61 -2.15%
SNDK $1,351.48 -0.63%
INTC $91.70 -3.78%
SPCX $143.50 -4.23%
MU $947.94 -1.69%
AMD $559.52 -1.43%

zero

All
Article
Flash

XRP Ledger developers test a zero-balance account creation plan, which is proposed to be funded by the sponsor to cover the 1 XRP reserve requirement

According to CoinDesk, XRP Ledger developers are testing a new feature that aims to allow the creation of blockchain accounts with an initial balance of zero, with existing accounts bearing the reserve required for new accounts, thereby lowering the financial threshold for payment applications and automated software to create wallets on a large scale. This proposal was submitted on October 15 in the form of a SponsoredAccountCreate transaction proposal.According to current XRP Ledger rules, each account must reserve at least 1 XRP as a reserve, meaning that creating 100,000 independent accounts would require locking up 100,000 XRP. The new proposal intends for sponsored accounts to bear this reserve requirement, and a broader fee sponsorship mechanism in the future could also allow applications to pay transaction fees on behalf of users, but the overall reserve requirement for the network will not be eliminated. This feature is expected to lower the usage threshold for scenarios such as embedded wallets, RLUSD stablecoin payments, and AI agent automated payments.However, the related code is still under review, and the sponsorship mechanism it relies on has not yet gone live on the mainnet. As of October 19, the mechanism has only received 11 votes out of the 35 required validator votes, still falling short of the 29 votes needed for approval.

first_img ZeroHash launched AUTH, allowing on-chain asset transfers without a wallet address

According to CoinDesk, on-site infrastructure provider ZeroHash announced the launch of the AUTH product at the Money20/20 USA conference held in Las Vegas. This product is a set of on-chain identity verification and account connection tools designed to address user experience issues during the on-chain transfer of crypto assets, stablecoins, and tokenized securities. Users no longer need to copy long strings of wallet addresses made up of letters and numbers, nor do they need to manually select a blockchain network to complete asset transfers.It is reported that AUTH transforms on-chain asset transfers from an address model to an account model, allowing users to directly connect self-custody accounts with custodial accounts. The process involves: selecting the account to connect, logging in via account credentials and multi-factor authentication, and then assets are transferred directly on-chain, with the entire process being nearly instantaneous.AUTH currently offers over 600 connections, covering both custodial and non-custodial accounts, involving approximately 250 million users across more than 190 countries. Partner platforms include Robinhood, Gemini, Coinbase (exchange and wallet), MetaMask, and Phantom.ZeroHash stated that AUTH emphasizes trust and control in addition to usability: replacing original addresses with verified, user-authorized accounts, while allowing partners to configure the supported account types, on-chain assets, and transfer methods themselves.In addition, ZeroHash appointed Ryan Beaudry as the General Manager of AUTH, who previously served as the Executive Vice President of Global Open Finance Products and Operations at Mastercard. AUTH can be used as a standalone product or enabled through ZeroHash's existing SDK, and platforms that have integrated other ZeroHash products do not need to connect separately.

Evernorth completed the SPAC merger and listed 473 million XRP on Nasdaq, while Bitdeer maintains zero holdings with a weekly production of 300 BTC

According to BBX data, last weekend, global U.S. stock-listed treasury and mining companies released their latest accounts regarding asset reserves, reverse mergers, and liquidity management. The core updates are as follows:Evernorth completed its SPAC merger holding 473 million XRP, scheduled to debut on Nasdaq under the code "XRPN" on October 12: The treasury company Evernorth Holdings officially announced the completion of its business combination with the special purpose acquisition company Armada Acquisition Corp. II. At the time of the transaction's closing, the company’s treasury held approximately 473 million XRP and successfully raised about $300 million in total cash proceeds (before transaction costs). The newly merged company's common stock is expected to officially trade on Nasdaq starting October 12, with the ticker symbol "XRPN".Bitdeer (NASDAQ: $BTDR) disclosed the latest weekly mining data, producing 300.6 BTC and fully liquidating: Nasdaq-listed Bitcoin mining company Bitdeer announced its latest Bitcoin holdings data. As of the week ending October 9, its self-operated Bitcoin mining output was 300.6 BTC, and during the same period, it fully sold 300.6 BTC in the secondary market, resulting in a net addition of 0 BTC for the week. The balance sheet continues to implement a liquidity strategy of immediate sales, currently maintaining a zero Bitcoin holding.
app_icon
ChainCatcher Building the Web3 world with innovations.