BitGo glitch floods XRP Ledger with thousands of failed transactions. XRP Ledger hits 100 million ledgers, reinforcing network reliability. BitGo resolves automation failure, restoring XRP Ledger stability. BitGo, a leading crypto custodian, recently faced a significant technical mishap that sent shockwaves through the XRP Ledger. A flaw in its automated script led to thousands of failed transactions overwhelming the blockchain network, causing widespread disruption. The issue began when one of BitGo’s accounts ran out of funds, yet the automation process continued to trigger new XRP account creation attempts, each requiring the standard reserve fee of one XRP. Also Read: Coinbase’s M&A Strategy Remains Strong Despite Setback in BVNK Deal Automation Failure Sparks Network Congestion Despite the wallet balance hitting zero, the automation did not stop. Instead, it entered a loop where small payments were continually attempted but failed due to insufficient funds. This error triggered a massive spike in account creation metrics, with over 11,000 attempts recorded in just a single day. Lmao turns out BitGo just had a rogue script and now spams the ledger with failed transactions. Because their account ran out of XRP . Devs made infinite while loops https://t.co/aBfDjFiKa7 pic.twitter.com/TDpKbaQDeR — Vet (@Vet_X0) November 11, 2025 The failed transactions filled the XRP Ledger’s mempool with “UNFUNDED PAYMENT” entries, leading to congestion and slowdowns across the network. BitGo quickly took action, launching an internal investigation to understand the cause of the issue. According to the company, the incident was the result of a misfire in its internal automation system and not a security breach. To rectify the situation, BitGo added 1,048 XRP to the affected wallet, restoring the balance and halting further failed transaction attempts. A Milestone for the XRP Ledger: 100 Million Ledgers Completed Despite the temporary disruption, the XRP Ledger (XRPL) achieved a significant milestone by completing its 100,000,000th ledger. This accomplishment, reported by XRPScan, underscores XRPL’s long-term stability and decentralized consensus. The event sparked excitement within the XRP community, with many celebrating its ongoing evolution. Vet (@Vet_X0), an active contributor to the XRPL ecosystem, noted that the milestone represents “100 million times of collaborative consensus and verified truth.” He emphasized that each ledger strengthens decentralization and reinforces transparency within the network. The completion of the 100 millionth ledger highlights XRPL’s ability to maintain continuous operation without significant disruption, further cementing its reputation as one of the most dependable decentralized networks in the blockchain industry. Looking Ahead: Automation Lessons for the Crypto Space The BitGo incident, though resolved, serves as a reminder of the risks associated with automation in the crypto industry. Despite the stability of the XRP Ledger, technical mishaps can still cause temporary issues, illustrating the importance of maintaining rigorous checks and balances in automated processes. As the XRP community celebrates its new milestone, these lessons underscore the importance of continuous monitoring to ensure the integrity of blockchain networks. Also Read: Evernorth CEO Asheesh Birla’s Bold Strategy Set to Revolutionize Institutional Crypto The post BitGo’s Automation Disaster Floods XRP Ledger with Thousands of Failed Transactions appeared first on 36Crypto. BitGo glitch floods XRP Ledger with thousands of failed transactions. XRP Ledger hits 100 million ledgers, reinforcing network reliability. BitGo resolves automation failure, restoring XRP Ledger stability. BitGo, a leading crypto custodian, recently faced a significant technical mishap that sent shockwaves through the XRP Ledger. A flaw in its automated script led to thousands of failed transactions overwhelming the blockchain network, causing widespread disruption. The issue began when one of BitGo’s accounts ran out of funds, yet the automation process continued to trigger new XRP account creation attempts, each requiring the standard reserve fee of one XRP. Also Read: Coinbase’s M&A Strategy Remains Strong Despite Setback in BVNK Deal Automation Failure Sparks Network Congestion Despite the wallet balance hitting zero, the automation did not stop. Instead, it entered a loop where small payments were continually attempted but failed due to insufficient funds. This error triggered a massive spike in account creation metrics, with over 11,000 attempts recorded in just a single day. Lmao turns out BitGo just had a rogue script and now spams the ledger with failed transactions. Because their account ran out of XRP . Devs made infinite while loops https://t.co/aBfDjFiKa7 pic.twitter.com/TDpKbaQDeR — Vet (@Vet_X0) November 11, 2025 The failed transactions filled the XRP Ledger’s mempool with “UNFUNDED PAYMENT” entries, leading to congestion and slowdowns across the network. BitGo quickly took action, launching an internal investigation to understand the cause of the issue. According to the company, the incident was the result of a misfire in its internal automation system and not a security breach. To rectify the situation, BitGo added 1,048 XRP to the affected wallet, restoring the balance and halting further failed transaction attempts. A Milestone for the XRP Ledger: 100 Million Ledgers Completed Despite the temporary disruption, the XRP Ledger (XRPL) achieved a significant milestone by completing its 100,000,000th ledger. This accomplishment, reported by XRPScan, underscores XRPL’s long-term stability and decentralized consensus. The event sparked excitement within the XRP community, with many celebrating its ongoing evolution. Vet (@Vet_X0), an active contributor to the XRPL ecosystem, noted that the milestone represents “100 million times of collaborative consensus and verified truth.” He emphasized that each ledger strengthens decentralization and reinforces transparency within the network. The completion of the 100 millionth ledger highlights XRPL’s ability to maintain continuous operation without significant disruption, further cementing its reputation as one of the most dependable decentralized networks in the blockchain industry. Looking Ahead: Automation Lessons for the Crypto Space The BitGo incident, though resolved, serves as a reminder of the risks associated with automation in the crypto industry. Despite the stability of the XRP Ledger, technical mishaps can still cause temporary issues, illustrating the importance of maintaining rigorous checks and balances in automated processes. As the XRP community celebrates its new milestone, these lessons underscore the importance of continuous monitoring to ensure the integrity of blockchain networks. Also Read: Evernorth CEO Asheesh Birla’s Bold Strategy Set to Revolutionize Institutional Crypto The post BitGo’s Automation Disaster Floods XRP Ledger with Thousands of Failed Transactions appeared first on 36Crypto.
BitGo’s Automation Disaster Floods XRP Ledger with Thousands of Failed Transactions
- BitGo glitch floods XRP Ledger with thousands of failed transactions.
- XRP Ledger hits 100 million ledgers, reinforcing network reliability.
- BitGo resolves automation failure, restoring XRP Ledger stability.
BitGo, a leading crypto custodian, recently faced a significant technical mishap that sent shockwaves through the XRP Ledger. A flaw in its automated script led to thousands of failed transactions overwhelming the blockchain network, causing widespread disruption.
The issue began when one of BitGo’s accounts ran out of funds, yet the automation process continued to trigger new XRP account creation attempts, each requiring the standard reserve fee of one XRP.
Also Read: Coinbase’s M&A Strategy Remains Strong Despite Setback in BVNK Deal
Automation Failure Sparks Network Congestion
Despite the wallet balance hitting zero, the automation did not stop. Instead, it entered a loop where small payments were continually attempted but failed due to insufficient funds. This error triggered a massive spike in account creation metrics, with over 11,000 attempts recorded in just a single day.
The failed transactions filled the XRP Ledger’s mempool with “UNFUNDED PAYMENT” entries, leading to congestion and slowdowns across the network.
BitGo quickly took action, launching an internal investigation to understand the cause of the issue. According to the company, the incident was the result of a misfire in its internal automation system and not a security breach. To rectify the situation, BitGo added 1,048 XRP to the affected wallet, restoring the balance and halting further failed transaction attempts.
A Milestone for the XRP Ledger: 100 Million Ledgers Completed
Despite the temporary disruption, the XRP Ledger (XRPL) achieved a significant milestone by completing its 100,000,000th ledger. This accomplishment, reported by XRPScan, underscores XRPL’s long-term stability and decentralized consensus.
The event sparked excitement within the XRP community, with many celebrating its ongoing evolution. Vet (@Vet_X0), an active contributor to the XRPL ecosystem, noted that the milestone represents “100 million times of collaborative consensus and verified truth.” He emphasized that each ledger strengthens decentralization and reinforces transparency within the network.
The completion of the 100 millionth ledger highlights XRPL’s ability to maintain continuous operation without significant disruption, further cementing its reputation as one of the most dependable decentralized networks in the blockchain industry.
Looking Ahead: Automation Lessons for the Crypto Space
The BitGo incident, though resolved, serves as a reminder of the risks associated with automation in the crypto industry. Despite the stability of the XRP Ledger, technical mishaps can still cause temporary issues, illustrating the importance of maintaining rigorous checks and balances in automated processes.
As the XRP community celebrates its new milestone, these lessons underscore the importance of continuous monitoring to ensure the integrity of blockchain networks.
Also Read: Evernorth CEO Asheesh Birla’s Bold Strategy Set to Revolutionize Institutional Crypto
The post BitGo’s Automation Disaster Floods XRP Ledger with Thousands of Failed Transactions appeared first on 36Crypto.
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Coindesk2025/12/16 11:34
Wormhole Unveils W Token 2.0 with Enhanced Tokenomics
The post Wormhole Unveils W Token 2.0 with Enhanced Tokenomics appeared on BitcoinEthereumNews.com. Joerg Hiller Sep 17, 2025 13:57 Wormhole introduces W Token 2.0, featuring upgraded tokenomics, a strategic Wormhole Reserve, and a 4% base yield, aiming to optimize ecosystem growth and align incentives. Wormhole has announced a significant upgrade to its native token, unveiling the W Token 2.0. This upgrade introduces new tokenomics including the establishment of a Wormhole Reserve, a 4% base yield, and an optimized unlock schedule, marking a pivotal development in the ecosystem, according to Wormhole. The W Token Evolution Launched in October 2020, Wormhole’s W token has been central to the platform’s mission of creating a connected internet economy. The latest upgrade aims to enhance the token’s utility across more than 40 blockchains. With a capped supply of 10 billion, the W token supports governance, staking, and ecosystem growth, aligning incentives for network security and development. Introducing the Wormhole Reserve The Wormhole Reserve will accumulate value from both onchain and offchain activities, supporting the ecosystem’s expansion. As Wormhole adoption grows, the token will capture value through network expansions and ecosystem applications, ensuring that growth is directly reflected in the token’s value. 4% Base Yield and Governance Rewards Wormhole 2.0 introduces a 4% base yield for W holders who actively participate in governance. The yield, derived from existing token supplies and protocol revenues, is designed to incentivize active participation without inflating the token supply. Optimized Unlock Schedule Updating its token release schedule, Wormhole replaces annual cliffs with bi-weekly unlocks, starting October 3, 2025. This change aims to reduce market pressure and provide a more stable environment for investors and contributors. The bi-weekly schedule will span over 4.5 years, affecting categories such as Guardian Nodes and Community & Launch. Wormhole’s Future Vision With these upgrades, Wormhole aims to expand its role as…
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BitcoinEthereumNews2025/09/18 15:48
Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals
BitcoinWorld Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals The financial world often keeps us on our toes, and Wednesday was no exception. Investors watched closely as the US stock market concluded the day with a mixed performance across its major indexes. This snapshot offers a crucial glimpse into current investor sentiment and economic undercurrents, prompting many to ask: what exactly happened? Understanding the Latest US Stock Market Movements On Wednesday, the closing bell brought a varied picture for the US stock market. While some indexes celebrated gains, others registered slight declines, creating a truly mixed bag for investors. The Dow Jones Industrial Average showed resilience, climbing by a notable 0.57%. This positive movement suggests strength in some of the larger, more established companies. Conversely, the S&P 500, a broader benchmark often seen as a barometer for the overall market, experienced a modest dip of 0.1%. 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Navigating Volatility in the US Stock Market A mixed close, while not a dramatic downturn, serves as a reminder that market volatility is a constant companion for investors. For those involved in the US stock market, particularly individuals managing their portfolios, these days underscore the importance of a well-thought-out strategy. It’s important not to react impulsively to daily movements. Instead, consider these actionable insights: Diversification: Spreading investments across different sectors and asset classes can help mitigate risk when one area underperforms. Long-Term Perspective: Focusing on long-term financial goals rather than short-term gains can help weather daily market swings. Stay Informed: Keeping abreast of economic news and company fundamentals provides context for market behavior. Consult Experts: Financial advisors can offer personalized guidance based on individual risk tolerance and objectives. Even small movements in major indexes can signal shifts that require attention, guiding future investment decisions within the dynamic US stock market. What’s Next for the US Stock Market? Looking ahead, investors will be keenly watching for further economic indicators and corporate announcements to gauge the direction of the US stock market. Upcoming inflation data, statements from the Federal Reserve, and quarterly earnings reports will likely provide more clarity. The interplay of these factors will continue to shape investor confidence and, consequently, the performance of the Dow, S&P 500, and Nasdaq. Remaining informed and adaptive will be key to understanding the market’s trajectory. Conclusion: Wednesday’s mixed close in the US stock market highlights the intricate balance of forces influencing financial markets. While the Dow showed strength, the S&P 500 and Nasdaq experienced slight declines, reflecting a nuanced economic landscape. This reminds us that understanding the ‘why’ behind these movements is as important as the movements themselves. As always, a thoughtful, informed approach remains the best strategy for navigating the complexities of the market. Frequently Asked Questions (FAQs) Q1: What does a “mixed close” mean for the US stock market? A1: A mixed close indicates that while some major stock indexes advanced, others declined. It suggests that different sectors or types of companies within the US stock market are experiencing varying influences, rather than a uniform market movement. Q2: Which major indexes were affected on Wednesday? A2: On Wednesday, the Dow Jones Industrial Average gained 0.57%, while the S&P 500 edged down 0.1%, and the Nasdaq Composite slid 0.33%, illustrating the mixed performance across the US stock market. Q3: What factors contribute to a mixed stock market performance? A3: Mixed performances in the US stock market can be influenced by various factors, including specific corporate earnings, economic data releases, shifts in interest rate expectations, and broader geopolitical events that affect different market segments uniquely. Q4: How should investors react to mixed market signals? A4: Investors are generally advised to maintain a long-term perspective, diversify their portfolios, stay informed about economic news, and avoid impulsive decisions. Consulting a financial advisor can also provide personalized guidance for navigating the US stock market. Q5: What indicators should investors watch for future US stock market trends? A5: Key indicators to watch include upcoming inflation reports, statements from the Federal Reserve regarding monetary policy, and quarterly corporate earnings reports. These will offer insights into the future direction of the US stock market. Did you find this analysis of the US stock market helpful? Share this article with your network on social media to help others understand the nuances of current financial trends! To learn more about the latest stock market trends, explore our article on key developments shaping the US stock market‘s future performance. This post Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals first appeared on BitcoinWorld.
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Coinstats2025/09/18 05:30