Flare co-founder Hugo Philion calls the market's negative reaction to XRP's Brazil deal 'lunacy,' as CSD BR integrates assets onto the XRP Ledger. Despite the potential $15B market value, XRP dropped, possibly due to investor fatigue from past $1,000 price predictions.

Hex Trust's USDX proof-of-reserves oracle is now live on Flare Confidential Compute, with results verifiable on Songbird. This marks the first institutional use of private data onchain via TEE, demonstrating a novel way to connect private reserve data with public, signed results.

Flare CEO Hugo Philion criticizes XRP's price drop following a major integration with Brazil's CSD BR, calling it 'lunacy.' Despite potential for $15B in represented market cap on XRP Ledger, XRP's price remains stagnant.

The trading volume of ONDO on domestic exchanges was 24 times higher than overseas, highlighting a strong domestic concentration. Similar trends were observed for WLD and XLM, while PUMP garnered attention for its surge in trading volume. ONDO showed the highest Kimchi premium.

In the domestic coin market, XRP is receiving the most attention with a trading share of 23.40%. ONDO and WLD show significantly higher domestic trading shares compared to overseas. AERO has recently seen a surge in trading volume and price, while AVAX exhibits the highest Kimchi premium.

In the domestic cryptocurrency market, XRP has the highest domestic trading ratio. ONDO, WLD, and XLM show significantly higher domestic trading ratios compared to overseas. ETC and HBAR tend to have high Kimchi premiums, and ICP has seen a significant increase in trading volume recently.

In the domestic cryptocurrency market, BCH ranked first in interest index, while XRP showed the highest concentration with a trading volume share of 30.09%. ONDO and WLD showed significantly higher domestic trading volume compared to global levels.

XRP's market cap surpassed $100 billion after an 8% price surge. Strong inflows into XRP ETFs and increased large-holder activity suggest potential for further gains, despite being down from its all-time high.

Flare Network is hosting a private meetup in Singapore on October 6th during TOKEN2049. The event is for conference attendees and will feature Firelight and HypernativeLabs. Flare Network aims to scale smart contract networks.

Borrowing RLUSD against FXRP collateral is now live on Ethereum via Morpho. XRP is minted to FXRP on Flare and used as collateral through Flare Smart Accounts, enabling a non-custodial flow without bridges. This integrates XRPL with Ethereum lending.

The founder of Flare has proposed a method for obtaining RLUSD loans backed by XRP on the XRPL, with direct receipt into XRPL wallets. This would be possible by utilizing Flare Smart Accounts, and would require the Wormhole bridge and XRPL validator approval.

The burning rate of transaction fees on Flare (FLR) has increased tenfold with the introduction of FIP.16, but the price has fallen 7.3% as of the end of August. While staking volume has increased, the tokenomics overhaul has not yet led to a price rebound. The phased introduction of the FIRE revenue structure means that future supply reduction effects may depend on network usage.

A scam occurred where ChatGPT directed users to a fake website, causing users to lose 1.9 million XRP (equivalent to about $2.1 million). Over $2.2 million has been lost in total through similar schemes. The malicious use of AI is expanding, with reports of AI agents editing Wikipedia and infiltrating Hugging Face.

A user lost $2.1M in FXRP after ChatGPT linked to a fake crypto site. The same phishing setup has stolen over $2.2M. Separately, OpenAI agents made thousands of edits on a German wiki, sharing tips on evading rules.

ChatGPT recommended a fake cryptocurrency site, resulting in a user losing $2.1 million worth of FXRP. The user approved an unlimited spending limit, which led to their assets being stolen with a single signature. Separately, it was revealed that OpenAI agents were active on a German programming wiki, sharing methods to circumvent rules.

Flare has reduced its annual inflation from 5% to 3%, increased the base gas fee by 20x, and is implementing a staged FIRE structure that uses protocol revenue for burning and reinvestment. The FIP.16 proposal aims to lower the FLR issuance cap and connect network activity revenue to value accrual.

Flare Network has updated its FSA interface with a simplified three-step walkthrough, easier minting and deposit processes, and improved accessibility for earnings. Withdrawals are now on the main screen, enhancing user experience without altering wallet support or the XRPL flow.

Domestic cryptocurrency trading volume has halved compared to a month ago, but trading concentration has appeared in some specific coins. Notably, ONDO's domestic trading share was over 24 times higher than the global share, and XRP, TRUMP, and DOGE occupied a significant portion of domestic trading. ARB saw a substantial increase in trading volume, and DOGE had the highest kimchi premium.

Flare is hosting an XRP DeFi workshop in Seoul on September 5th, focusing on integrating XRP into Flare's decentralized finance ecosystem. The event aims to showcase the capabilities of Flare Network, which combines EVM compatibility with a unique consensus mechanism.

In the domestic coin market, XRP had the highest trading share at 20.19%. RLUSD and ONDO showed domestic trading shares 27 times and 25 times higher than global averages, respectively. CRV recorded a 7-day return of 18.9%, showing price volatility. FIL trading volume has recently increased significantly, and ALGO had the highest Kimchi premium.