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XRP Ledger Recovers Following Brief ‘Network Drift’ Outage

On Feb. 5, Ripple chief technology officer David Schwartz reported that the network is now recovering before adding, “We don’t know exactly what caused the issue yet.” The XRP Ledger ( XRPL ) experienced a rare one-hour outage late on Feb 4 when block production stopped at ledger height 93927173. However, the network recovered on its own without requiring major interventions from validators. According to Schwartz, while consensus was running, validations weren’t being published, “causing the network to drift apart.” “Very few UNL operators actually made any changes, as far as I can tell, so it’s possible the network spontaneously recovered,” he added. A Unique Node List (UNL) is a core component of the XRPL consensus mechanism that acts as a trusted validator directory to ensure network integrity and transaction finality. The network is now recovering. We don’t know exactly what caused the issue yet. Super-preliminary observation: It looked like consensus was running but validations were not being published, causing the network to drift apart. Validator operators manually intervened to choose a… — David “JoelKatz” Schwartz (@JoelKatz) February 4, 2025 A Rare Ripple Outage “Once servers started seeing a few validations from a few sources, they were able to build enough consensus to pull the network over to a coordinated ledger stream after the last ledger the network managed to validate,” explained Schwartz, who added that these were all preliminary findings. He confirmed that no assets on XRPL were lost, adding, “It just caused ledgers not to be seen as trusted for about an hour.” The incident occurred during a period of changes for the network as it recently reduced its base reserve requirement from 10 XRP to 1 XRP. Additionally, the validator structure was modified in 2023 to reduce Ripple’s influence to 2 out of 35 validators. The network had faced other technical issues in recent months, including a node crash in November 2024 and full history node failures in September requiring emergency patches. XRP Price Tanks XRP prices have taken a hit, dumping 10% on the day in a fall to $2.45 following the incident. The cross-border payment token was trading at $2.49 at the time of writing, down 26% from its 2025 high of $3.38 in mid-January. XRP fell back to $2 following the imposition of Donald Trump’s trade tariffs over the weekend but managed to recover to almost $2.80 on Feb. 4. Ripple’s native token has performed very well in the recent crypto rally, having gained almost 400% since the same time last year. Nearly all of those gains have come in the past three month,s with the change in guard in American politics promising a brighter future for crypto companies. The post XRP Ledger Recovers Following Brief ‘Network Drift’ Outage appeared first on CryptoPotato . CoinTurk News

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Crypto.com Plans CRO Spot ETF Launch and New Financial Products in 2025

The post Crypto.com Plans CRO Spot ETF Launch and New Financial Products in 2025 appeared first on Coinpedia Fintech News Crypto.com is making big moves to bridge the gap between traditional finance and the cryptocurrency world. The company plans to introduce a range of new services in 2025, signaling its ambition to become a major player in both crypto and traditional finance. Among the new offerings are the launch of a Cronos (CRO) spot ETF, the release of its own stablecoin in the third quarter, and the addition of stock, options, and ETF trading in the first quarter. These developments are set to reshape the financial landscape for users seeking a more integrated approach to managing their money. Already known for its crypto exchange, Visa card, and mobile app, Crypto.com is now expanding its offerings to include banking services, allowing users to open multi-currency personal accounts and cash savings accounts. This move challenges traditional banks by providing an alternative way to manage finances. The company is also making strides in Europe, with a European headquarters established in Dublin and licenses obtained in Italy and Greece for virtual asset services. As the company enters new markets, it is well-positioned to become a comprehensive financial platform, offering both traditional and crypto asset trading. Crypto.com’s technological advancements are also noteworthy, including the development of Cronos zkEVM, a scaling solution that promises faster and cheaper transactions. With its innovative approach and growing product lineup, Crypto.com is setting the stage for growth, potentially boosting the value of CRO, its native token, in the near future. CoinTurk News