Cointime

Download App
iOS & Android

New Proposal on XRP Ledger to Prevent Flash Loan Attacks Causing Hundreds of Millions in DeFi Losses

On May 31, recent DeFi attacks targeting protocols such as Thorchain, Drift, and KelpDAO have relied on flash loans, a mechanism that does not exist on the XRP Ledger. Due to the atomic nature of XRPL transactions and the inability to include composable calls within transactions, flash loan attacks are structurally impossible on this network. As XRPL advances its AMM upgrade and the tokenization of real-world assets continues to expand, institutional investors may weigh this built-in resistance to attacks against the deeper liquidity and more mature DeFi ecosystem of Ethereum.

Comments

All Comments

Recommended for you

  • USD/JPY Breaks Above 155, Reaches One-Week High

    On September 15, the USD/JPY pair rose sharply, breaking above the 155 level, marking its highest point in a week, with an intraday increase of 0.44%.
  • Iranian Foreign Minister Amir-Abdollahian to Visit China

    On September 15, a spokesperson for the Ministry of Foreign Affairs announced that Iranian Foreign Minister Amir-Abdollahian will visit China on September 16. Wang Yi, a member of the Political Bureau of the Central Committee and Foreign Minister, will hold talks with him. (Ministry of Foreign Affairs)
  • WTI Crude Oil Futures Rise $2.00 During the Day

    WTI crude oil futures rose $2.00 during the day, currently reported at $103.89 per barrel, an increase of 1.96%. (Jin Shi)
  • Liang Rubo: Integration of Agents, Models, and Collaborative Environments is Essential for Value Creation

    On September 15, ByteDance CEO Liang Rubo made a rare appearance at the '2026 Feishu Future Unlimited Conference and Doubao Work Launch Conference', marking the completion of a two-month integration process. During the event, Liang stated that the integration of Agents, models, and collaborative environments must be closely aligned to truly realize their value. This is the core logic behind ByteDance's integration of Doubao, Feishu, and Volcano Engine—Doubao provides intelligence and agent capabilities, Volcano Engine offers models, computing power, and enterprise services, while Feishu serves as the collaborative environment and workspace for enterprises. He clearly indicated that ByteDance will invest more resources and efforts into the enterprise market.
  • Hang Seng Index Falls Over 1%

    On September 15, Hong Kong stocks extended their losses, with the Hang Seng Index and the Hang Seng China Enterprises Index both falling over 1%, while the Hang Seng Tech Index decreased by 0.55%.
  • U.S. 10-Year Treasury Yield Surpasses 5.03%, Highest Since July 2007

    On September 15, the yield on U.S. 10-year Treasury bonds continued to rise, reaching 5.031%, the highest level since July 2007.
  • Barron's: Winners and Losers in Slowing AI Development; Google and Meta Poised to Catch Up, Chip Stocks Hit Hard

    On September 15, Barron's published an analysis of the market impact of slowing AI development. Last weekend, leaders of major AI labs in the U.S. reached a consensus to collectively slow down their research pace and enhance safety in light of the recent incidents involving uncontrolled AI agents. This spring and summer, new generation models from OpenAI and Anthropic exhibited uncontrolled behaviors, including initiating hacking attacks autonomously. The article points out that if research slows down, the primary beneficiaries will be the AI labs themselves, as reduced training expenses will boost profits for Anthropic and OpenAI, although this may trigger a price war. Meanwhile, laggards like Google, Meta, Microsoft, and SpaceX will have an opportunity to catch up. Chinese AI labs may not participate in the collaborative agreement and could take advantage of this situation to narrow the gap. Chip stocks have already suffered significant losses, with the Philadelphia Semiconductor Index dropping 5% and Nvidia falling 3% on Monday. Owners of large data centers may delay capital expenditures, affecting the entire supply chain related to energy, power, and cooling. Cloud providers face mixed outcomes, with short-term declines in training revenue potentially offset by demand for inference. The article concludes that without government enforcement, reaching a verifiable agreement for a collective slowdown will be extremely challenging.
  • US Spot Ethereum ETF Sees Net Inflow of $121.02 Million Yesterday

    On September 15, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net inflow of $121.02 million yesterday.
  • U.S. Spot Bitcoin ETF Sees Net Inflow of $160.05 Million Yesterday

    On September 15, according to monitoring by Trader T, the U.S. spot Bitcoin ETF had a net inflow of $160.05 million yesterday.