On The Chain - Blockchain and Cryptocurrency News + Opinion

Ripple is now collecting fees from Wall Street’s leveraged-ETF business, and Jeff and Chip spend the morning on the question every holder is asking: when Ripple gets paid, where does that leave XRP? Their answer: Ripple’s revenue belongs to Ripple, and XRP holders benefit indirectly, through more builders and more activity on the XRP Ledger.

Ripple Prime on Wall Street: The Wall Street Journal reports Ripple Prime is financing leveraged ETFs through swap deals, a category of 593 U.S. funds holding more than $256 billion, and it just signed hedge fund Brevan Howard for prime brokerage, clearing and financing.

Company vs. asset: Jeff argues Ripple’s job is Ripple’s profitability, and banks will reach for RLUSD before a volatile asset. Chip says XRP’s role is liquidity, and that ETFs are what move the price.

Evernorth: XRPN is expected to start trading on Nasdaq Monday with about 473 million XRP. There is no pre-sale, no airdrop and no early-access link.

Batch is live on the XRP Ledger: up to 8 transactions can settle as one, which opens the door to delivery-versus-payment and OTC trades without an escrow agent.

Ripple’s other moves: Ripple Custody 1.43 adds Canton Network support, Jack McDonald explains the Notabene investment, and Chip lays out why Ripple has no reason to go public.

Also in the back half: a hardware-wallet supply-chain warning (buy direct from the maker), the H-1B visa fight and India’s IT outsourcers, the Michigan Senate debate between Mike Rogers and Abdul El-Sayed, and Marco Rubio on sanctioning the International Criminal Court.

XRP is being sold at the worst possible time: three red days in a row, in the same stretch that a $35 billion hedge fund signed with Ripple Prime, Paxos switched on XRP trading, and Ripple's president put a $30 billion target on the XRP Ledger.

Here is what the sellers missed. Brevan Howard picks Ripple Prime for multi-asset prime brokerage, clearing and financing. Monica Long's 2027 targets at XRP Seoul: $30 billion in tokenized real-world assets on the XRP Ledger (about $6 billion today) and 100 million+ AI agent transactions. Spot XRP ETFs hold about $1.7 billion but took in about $4 million last week. Evernorth's Nasdaq debut (XRPN, about 473 million XRP) moves to October 12.

Also tonight: AI agents on the XRP Ledger with t54, Coinbase and Citi on stablecoins, Grape's XRP Man game, iTrustCapital's Q, a live reaction to Founders episode 3, Rubio in Athens, CNN's new owners, Quebec's separatist win, Canada's assisted-dying law, France's school protests, and the UK's arrests over online posts.

Wall Street, Korean banks and AI agents are all reaching for XRP at the same time, and there is only so much of it.

Evernorth is expected to hit the Nasdaq on October 8 (ticker XRPN) with about 473 million XRP, and that's the small number: US spot XRP ETFs already hold 1.19 billion XRP. Four Korean financial institutions took the stage at XRP Seoul in front of 5,000+ people, XRPL validators are voting on the LendingProtocolV1_1 amendment, and the XRP Ledger passed 10 million x402 AI agent payments.

Also today: XRP Asia launches, Ripple's RLUSD insurance pilot in Uganda, RLUSD ranks #2 in Q3 stablecoin growth, Ripple Swell in New York, the federal noncitizen voting ruling, Trump's Oklahoma rally, the school riots in France, and Canada's trade fight.

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#XRP #XRPL #Ripple #Evernorth #Crypto

Big money is coming for XRP.

The XRP Ledger added $2.4 billion in tokenized real-world assets this year, one of the top three chains for RWA growth. US spot XRP ETFs added 34 million XRP this week and now hold 1.16 billion XRP. And on October 5, XRPL's Permission Delegation upgrade is scheduled to go live, letting an XRP account hand specific permissions to another account (including one run by an AI agent) without ever sharing its keys.

Also on this episode: FXRP turns one on Flare, Brian Armstrong on AI agents as the new API users, the CLARITY Act fallout, the 49-50 Senate vote on the Iran war, the arrests near RAF Fairford, and Iran's 74-lash sentence for a singer.

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The information in this episode is for informational and entertainment purposes only and is not financial, investment, legal, or tax advice. Always do your own research.

On October 5, XRP goes to war, and the weapon isn't a price pump. It's a key. The XRP Ledger's Permission Delegation upgrade has entered its 14-day activation countdown and could go live October 5 if validator support holds. Master keys stay locked in the vault. Delegates get a badge instead: up to ten specific permissions, and never the keys. Jeff and Chip break down why that's the feature compliance departments, stablecoin issuers and AI agents have been waiting for, while XRP sits at $1.50 and everybody else stares at red candles.

Also on the show: Amazon Web Services joins the XRP Ledger Hackathon with Amazon Bedrock AgentCore; the XRPL AI Starter Kit adds the Open Wallet Standard, MPP from Tempo and Stripe, and x402; Evernorth teams up with The Bear Champ; RLUSD and the APAC stablecoin map; BlackRock's "tokens" chart; the ECB's digital euro pilot; the FOUNDERS sitcom parody; and in the back half, Trump vs. Biden at the UN, Milei, Rubio and Cuba, the Denmark–Greenland deal, and Around the World.

Watch the show: https://www.youtube.com/watch?v=tSjeFZVOI0s

Show notes and links: https://onthechain.io/podcast/xrp-goes-to-war-on-october-5/

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The information in this episode is for informational and entertainment purposes only and should not be considered financial, investment, legal, or tax advice. Always do your own research.