Veria Labs Flags XRP Ledger Flaw Able to Mint 18 Trillion XRP
Plus: Metaplanet Sells and Rebuys Its Bitcoin, BitMine Finishes $350 Million Share Buyback
Good Morning Lions,
A security firm found a minting bug on the XRP Ledger, and it got fixed before anyone abused it. I think AI-driven bug hunting will turn up a lot more of these across every major chain.. better a security firm finds them than an attacker. Meanwhile the treasury companies keep showing that holding coins on a balance sheet takes a lot of cash management.
Veria Labs Flags XRP Ledger Minting Flaw
TL;DR: Security firm Veria Labs said its AI system found an XRP Ledger flaw that could have minted about 18 trillion XRP in a single payment. RippleX said no unauthorized XRP was created and no funds were lost.
Metaplanet Sells and Rebuys Its Bitcoin
TL;DR: Metaplanet sold 10,000 BTC and bought back 11,000 BTC at a higher average price while seeking a credit rating. A CryptoSlate analysis argues that Bitcoin treasury companies need cash if they want to keep holding.
BitMine Finishes $350 Million Share Buyback
TL;DR: BitMine repurchased 21 million shares for roughly $350 million between mid-July and August 17, 2026, according to Executive Chairman Tom Lee. Lee called it the largest buyback ever by a crypto stock.
Bitcoin Slides to an October Low
TL;DR: Bitcoin hit an October low of $80,420 on Oct. 9 before recovering toward $83,000. Ripple-backed Evernorth completed its Armada merger as it readies its XRPN Nasdaq debut, and the XRP Ledger activated a new permissions feature.
Coldcard Probes Phishing Post on X
TL;DR: Bitcoin-only hardware wallet maker Coldcard said a phishing link appeared Sunday on its official X account. The post has since been deleted, and the company said it is investigating how it was published.
SHIB Exchange Outflows Outpace Inflows
TL;DR: More SHIB left exchanges than arrived over 24 hours, with net flow near -27.3 billion tokens, U.Today reported. A 13% rise in average inflow kept the on-chain picture mixed.
Onsemi Raises Its Revenue Growth Target
TL;DR: At its September 16 Investor/Analyst Day, onsemi raised its long-term revenue growth target to a 12%-14% CAGR through 2030. The chipmaker is aiming for roughly $11 billion in revenue on its AI data center power push, Crypto Briefing reported.
RippleX says no unauthorized XRP was created, but nobody has said how long that flaw existed before Veria flagged it. Until that timeline comes out, the clean bill of health is only half the story. Double-check every link frens, even ones from a hardware wallet maker's own account. 🦁 — Khal
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More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.