加密城市 Crypto City

A vulnerability dormant for nearly 10 years has been exposed: a single transaction could create 18.45 trillion $XRP out of thin air
The XRP Ledger (XRPL) recently disclosed a major security vulnerability that could potentially have allowed attackers to exploit an integer overflow in the payment engine to create usable XRP ($XRP) out of thin air in a single transaction.
Experiments by security firm Veria Labs showed that a single attack could generate up to approximately 18.45 trillion $XRP—about 184 times the initial fixed supply of 100 billion $XRP.
In a vulnerability report published on October 9, XRPL said the issue affected xrpld 3.4.0 and earlier versions. The relevant code may have been present since the current payment engine was created in 2015, and the flaw was not discovered until September this year by a researcher in the XRPL Bug Bounty program. The RippleX engineering team then successfully reproduced the vulnerability in an isolated test environment and confirmed that $XRP generated through the exploit could be transferred normally in a subsequent transaction. As a result, the risk rating was raised from “Major” to “Critical.”

Star Xu revisits the October 10 crash, questions Binance for framing compensation as a “good deed”
The historic crypto market liquidation event of October 10, 2025, reignited a public war of words between exchange executives one year later. On October 12, OKX founder Star Xu posted several times, publicly questioning Binance co-founder Changpeng Zhao’s (CZ) recent account of that year’s market crash and user compensation. Binance co-founder He Yi then responded personally, and the exchange continued to spar over issues including market manipulation, media attacks, and competition between exchanges.
The controversy began when Star Xu reposted an interview with CZ. According to the cited remarks, CZ said Binance had spent around $800 million compensating affected users after the October 10 crash, stressing that the platform was under no legal obligation to cover these losses and that the support was provided voluntarily.

According to supply chain sources cited by Chinese media, Apple has increased orders for its foldable iPhone Duo by 30%. The total number of iPhone 18 Pro series orders remains unchanged, but more orders are shifting toward the Pro Max. However, Nikkei Asia also reported that component orders for the Pro series in October were cut by at least 15%, pointing to mixed demand signals.
Reports say orders for the iPhone Duo have surged 30%! Total volume remains below 10 million units
China Securities Journal cited supply chain sources on the 10th as saying that Apple has reallocated orders for its new phones launching in fall 2026. Orders for the foldable iPhone Duo have increased by about 30%, but the total remains below 10 million units. Orders for the iPhone 18 Pro have been cut by 10% to 15%, while those for the iPhone 18 Pro Max have been raised by the same amount.

Tokenized assets could reach $10 trillion in the 2030s as Wall Street continues betting on RWA
Wall Street giant Morgan Stanley remains bullish on the long-term prospects for asset tokenization. Amy Oldenburg, the bank’s head of digital asset strategy, said in a recent interview at TOKEN2049 that the global tokenized real-world asset (RWA) market could grow to between $3 trillion and $10 trillion by 2030, and expressed strong confidence that the market would reach this range.
The current scale of on-chain RWAs still has considerable room to grow before reaching this forecast. According to data from RWA.xyz, tokenized real-world assets totaled approximately $39.19 billion as of October 12. If the market grows to $10 trillion, it will need to expand by about 255 times.

Blur frontend to shut down on November 12, while its on-chain marketplace protocol continues operating
Blur, once dominant in the Ethereum NFT trading market, has announced a major business change. The company said it will discontinue the blur.io website frontend on November 12. On the same day, Blend, its NFT lending protocol, will also stop matching new loans, bringing an end to its core user services spanning trading and lending.
Image source: X/@blur_io Blur announces it will discontinue the blur.io website frontend on November 12
The shutdown affects the official website interface users typically use to trade. The underlying Blur Marketplace smart contracts will continue operating on-chain, and the $BLUR token will retain its governance rights over the protocol's fee switch. In theory, users familiar with on-chain operations can still interact directly with the protocol, and third-party frontends may also connect to it in the future.

British authorities have frozen a London penthouse owned by Thet Li, the suspected financial chief of Cambodia’s Prince Group. According to an 11th report by The Times, cited by Decrypt, the apartment is on the 13th floor of a building beside St James’s Park, overlooking Buckingham Palace. Thet Li bought it in 2022 for £8.9 million (about US$12 million). Following an investigation by the UK Foreign Office, authorities placed a freezing order on the property’s land registry records.
Watches and jewelry worth £10.6 million; application to extend seizure filed on the 12th
Reports say that British authorities will apply to the court on the 12th to extend the seizure of Thet Li’s watches and jewelry, valued at £10.6 million, and £92,570 in cash. British authorities accuse 39-year-old Thet Li of being a “key deputy” to the leaders of Prince Group, responsible for managing the group’s international financial network. On March 26 this year, the UK Foreign Office added him to its sanctions list under the Global Human Rights Sanctions Regime. The sanctions notice gives his Chinese name as Li Tian and says he is linked to Prince Group and its chairman, Chen Zhi, and provided them with financial services or funds. The measures include an asset freeze and travel ban.

The regulatory battle between prediction markets and the gambling industry in the United States has finally reached a clear classification framework proposed by the CFTC.
The CFTC has issued a proposed rule to explicitly classify event contracts on sports, elections, culture, weather, and other topics as swaps, arguing that these products are financial derivatives under the Commodity Exchange Act. As a general rule, retail investors must trade these types of swaps through a CFTC-regulated Designated Contract Market (DCM).
Meanwhile, the CFTC issued an interim final rule excluding traditional bets offered by sports books and casinos from the definition of a swap. In other words, even if two products are both tied to the outcome of the same game, they may be governed by federal derivatives law or state gambling law, respectively, depending on how they are traded.

Microsoft unveiled its third-generation in-house AI chip, Maia 300, last night (October 12), saying it will use its own chips as the primary AI inference system for its products and services.
Microsoft may deploy more than 1 million units next year to support its internal AI services. Observers are also watching to see whether this move can reduce Microsoft’s reliance on Nvidia.
Chiplet design, with critical computing tasks using TSMC’s 2nm process
Reuters noted that Nvidia’s AI accelerators use a single large compute chip surrounded by high-bandwidth memory chips, while Maia 300’s core processor is made up of multiple chiplets. The chiplets responsible for critical computing tasks use TSMC’s 2nm process, while those handling data transfer use the lower-cost 3nm process.

Bitcoin falls back toward $81,000 as 24-hour liquidations surge to $775 million
The cryptocurrency market weakened again in early Asian trading on October 13. Bitcoin ($BTC) briefly rebounded above $84,000 the previous day, but quickly gave back its gains and fell back toward $81,000. As of this morning, Bitcoin was trading at around $81,800, down about 2.8% over the past 24 hours, with its seven-day loss widening to about 5%.
Image source: CoinGecko. Bitcoin was trading at around $81,800, down about 2.8% over the past 24 hours.
Ethereum ($ETH) fell more sharply, retreating to around $2,435, down about 4.6% over the past 24 hours and more than 10% over the past seven days. Ripple ($XRP) fell about 6.4% in a day, Solana ($SOL) dropped about 7.5%, and Zcash ($ZEC) plunged more than 10%, as market risk appetite cooled again.

The Ledger hardware wallet theft incident in Southeast Asia has escalated further.
On October 11, Ledger confirmed that it had found an “unauthorized hardware implant” inside the hardware wallet of at least one affected user while investigating a case involving asset theft after devices were purchased through Southeast Asian reseller CryptoBilis. This is the first time since the incident came to light that Ledger has officially confirmed physical hardware tampering in an affected device.
Meanwhile, after retracing the related addresses, blockchain analytics firm Bitquery estimated that the suspected theft has risen to approximately $93.2 million, involving 315 wallets across multiple blockchains, including Bitcoin, Ethereum, Tron, BNB Chain, and Polygon.

FTX’s Collapse Comes to Netflix: 8-Episode Series Premieres November 19
Netflix has released the full trailer for its FTX series, The Altruists, bringing one of the most notorious exchange collapses in crypto history to the screen. The 8-episode series is set to premiere all at once on November 19. Julia Garner plays Caroline Ellison, former CEO of Alameda Research, while Anthony Boyle plays FTX founder Sam Bankman-Fried (SBF).

Bain Capital Crypto leads $37.5 million funding round
Bitcoin ($BTC) life insurance company Meanwhile announced the close of a new $37.5 million funding round led by Bain Capital Crypto, with existing investors Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital also participating. OpenAI CEO Sam Altman is also one of Meanwhile's early backers.
Related news: The world's first Bitcoin life insurance company! Meanwhile reports earnings: 25 BTC in profit

CPO (co-packaged optics) is nearing mass production, but lasers and chips aren’t the only bottlenecks. One “passive component” has received far less attention. In a report published on October 7, research firm TrendForce noted that although the fiber array unit (FAU) is a passive optical component, aligning and securing it to the optical engine (OE) requires extremely precise positioning, directly affecting yield and manufacturing efficiency. This step, known as “FAU coupling,” has become one of the key bottlenecks in CPO manufacturing and testing.
As CPO extends from scale-out to scale-up, TrendForce expects OE shipments to grow significantly in 2027–2028, making coupling precision and production capacity key battlegrounds for equipment makers. TSMC’s COUPE upgrade roadmap, unveiled at SEMICON Taiwan 2026, has also drawn considerable attention.

Central authorities set out 19 development tasks, including the national blockchain network as part of digital infrastructure
China is further elevating blockchain to the level of national digital infrastructure. On October 9, the Communist Party of China Central Committee and the State Council released the Opinions on Developing New Quality Productive Forces, setting out 19 major development and reform tasks. These explicitly call for building an “integrated national computing power network and national blockchain network,” to be advanced alongside initiatives such as “Eastern Data, Western Computing,” smart manufacturing, and industrial networks.
The policies are framed around “promoting the deep integration of the real economy and the digital economy.” The document calls for improving systems governing data ownership, market transactions, benefit distribution, and rights protection. It also calls for advancing pilot programs for data as a factor of production, improving national data infrastructure, and expanding the digital transformation of manufacturing.

Google Labs has launched Playground, an experimental AI game development platform that lets users instantly generate 3D and 2D web games using prompts. The new tool aims to lower the technical barriers to game development, allowing users to create games without any programming experience.
AI Prompts Lower the Barrier to Game Development
Playground uses an interactive conversational interface. Once users enter a game concept, the system instantly generates a prototype. Users can customize single-player or multiplayer modes and choose a 2D or 3D visual style. Developers can also adjust the game rules, character settings, and environments at any time. After testing and refining the game, they can click “Create” to finish it.

Hardware wallet leader Ledger is facing a major cybersecurity incident that may involve its supply chain.
Ledger said it is investigating reports that assets belonging to multiple users in Southeast Asia were stolen. All of the users had purchased Ledger devices through authorized reseller CryptoBilis. As a precaution, Ledger has asked CryptoBilis to suspend all sales and shipments of Ledger products.
On-chain researchers currently estimate that the value of the possibly stolen assets may have exceeded $86 million, involving multiple blockchains including Bitcoin, Ethereum, and Tron. However, Ledger has not confirmed the actual amount of losses, the number of affected users, or whether the devices were actually tampered with, so these figures remain estimates as the investigation is ongoing.

A 1% long-shot pick suddenly comes through; a $173 bet could pay out nearly $9,600
According to a report by The Wall Street Journal, U.S. prediction market platform Kalshi is investigating a series of unusual trades related to White House appointments. At least three trades bet on Katie Zacharia, a long-shot candidate with only about a 1% chance of winning at the time, before media reports revealed she would become White House press secretary. The total amount wagered was about $173, with an expected total payout of nearly $9,600—about 55 times the original stake.
Kalshi has confirmed that it is investigating the trades. It has not yet disclosed the traders’ identities or said whether it found any rule violations.

Nan Ya Plastics (Nan Ya, 1303), part of the Formosa Plastics Group, has teamed up with South Korean power equipment giant LS ELECTRIC to form a joint venture, “Nan Ya LS.” The venture aims to compete for power infrastructure projects in Taiwan, upgrading its role from simply supplying power equipment to independently bidding for, designing, and undertaking projects. According to The Korea Times, the three parties signed an agreement in Seoul on Tuesday, and LS ELECTRIC announced the deal the following day.
Joint Venture Ownership Structure: LS ELECTRIC Holds 50%, Nan Ya 40%, and KHI 10%
According to the structure announced by LS ELECTRIC, LS ELECTRIC holds a 50% stake in the joint venture, Nan Ya holds 40%, and KHI, a Formosa Plastics Group subsidiary, holds 10%.

Bitcoin briefly falls below $83,000 as Uptober starts in the red
The much-anticipated “Uptober” rally has clearly lost steam. Bitcoin ($BTC) fell from above $86,000 this week, at one point dropping below $83,000. Its seven-day low reached around $80,427, a sharp contrast with last week’s move toward $87,000.
Source: CoinGecko. As of publication, Bitcoin had recovered to around $83,760, up about 0.8% over the past 24 hours.
As of publication, Bitcoin had recovered to around $83,760, up about 0.8% over the past 24 hours, though it was still down about 3.3% over seven days. Its 24-hour price range was around $82,735 to $84,072, suggesting buyers have stepped in to support prices in the short term, but Bitcoin has yet to reclaim and hold above $84,000.

Substack newsletter WK recently recapped an interview with internal experts from SpaceX and xAI, revealing the company’s plan to expand its computing capacity tenfold to as much as 12 GW by the end of 2027, with a long-term target of 20 GW by 2028. To meet this timeline, the group has opted to build its own supply chain to supplement vendor supply, identifying PCBs, optical modules, transformers, and thermal management hardware as the most intractable bottlenecks.
SpaceX Aims to 10x Its Computing Capacity in One Year! 60% for Its Own Use, 40% for Sale
In the interview, the respondent said the core of the company’s procurement strategy is 10 GW of computing capacity, with a long-term target of 20 GW. Current capacity is around 1.3 GW and is expected to rise to 2.3 GW by December 2026, reach 4 to 5 GW in April or May 2027, and surge to 10 to 12 GW in November or December 2027. The respondent acknowledged that this is a very aggressive timeline, so the group is building its own production capacity to supplement vendor supply and ease shortages.