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Fed BFT Paper, CLARITY Collapse & Franklin XRPZ Crosses $500M
Audio is available on Spreaker — see link below.
The Federal Reserve validates XRP's consensus architecture in a new BFT research paper, the CLARITY Act stalls in the Senate, and Franklin Templeton's XRPZ ETF crosses $500 million in cumulative inflows. Plus: Standard Chartered slashes its 2026 price target and a short squeeze sets up on Binance.
Audio is available on Spreaker — see link below.
Boston and San Francisco Federal Reserve researchers just published a paper on Byzantine Fault Tolerant consensus for payment systems, and the XRP community is paying close attention. The reason is simple: Byzantine Fault Tolerant consensus, or BFT, is the same architectural family that underpins XRP's federated model on the XRP Ledger.
The Senate blocked the CLARITY Act's cloture vote, and crypto's top legislative priority is now in limbo. The bill stalled over ethics provisions tied to Trump's crypto holdings, disputes over stablecoin yield structures, and election-year gridlock that made bipartisan compromise nearly impossible.
Franklin Templeton's XRPZ ETF crossed five hundred million dollars in cumulative net inflows, crossing that threshold on a strong inflow day late in September. It's now the second-largest spot XRP ETF behind Bitwise.
XRP surged forty-six percent in Q3, reaching one dollar and fifty-three cents. It's a strong quarter by any measure.
On the derivatives side, open interest on Binance rose thirty-two percent while XRP gained seventeen percent, with selling pressure increasing. That pattern suggests shorts have been accumulating positions into the rally.
One quieter development worth tracking: Ripple's RLUSD stablecoin is just two hundred and forty-eight million dollars away from overtaking PayPal's stablecoin by total supply. RLUSD's growth has been steady and largely under the radar.
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