<ul class="list-ic vertical">
 <li><span>1</span> <a>Most network validators favor the implementation of an automated maker (AMM)- Report.&nbsp;</a></li>
 <li><span>2</span> <a>&nbsp;“Calls for attention to the release of Rippled version 2.0.1, XRPL’s server software,” X post of Panos Mekras.&nbsp;&nbsp;</a></li>
 <li><span>3</span> <a>The Executive Chairman of Ripple wrote in his ‘X’ on January 31 2024 that “there was unauthorized access to a few of his personal XRP accounts, not the accounts of Ripple.”</a></li>
</ul>
<p>As per available information, more network validators of XRP are planning to vote in favor of implementing an automated market maker (AMM).&nbsp;</p>
<p>Panos Mekras, the cofounder of Anodos Finance, drew attention to his recent ‘X’ post, which calls for attention to the release of Rippled version 2.0.1, XRPL’s server software.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRPL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPL</a> server Version 2.0.1 has been released. It's time for validators to upgrade. AMM is coming. <a href="https://t.co/rx6AXjWbSe" rel="noopener noreferrer nofollow">https://t.co/rx6AXjWbSe</a></p>— Panos <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53c.png" alt="🔼" class="wp-smiley" style="height: 1em; max-height: 1em;">{X} (@panosmek) <a href="https://twitter.com/panosmek/status/1752278252477919708?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>He accompanied the new version release and has also expressed confidence that the arrival of the proposed AMM amendment on the XRP Ledger is now closer to reach than earlier before.&nbsp;</p>
<p>Wietse Wind, the architect of XRPL Labs, disclosed the plan to integrate the new software version into XRPL Labs validators and several nodes. He added that if the installation and implementation carry on without fail, he intends to vote “yes” to the amendment in the forthcoming two weeks.&nbsp;&nbsp;&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="related-news">Related News</h2>
<p>Chris Larsen, the Executive Chairman of Ripple, wrote in his ‘X’ on January 31, 2024, that “there was unauthorized access to a few of his personal XRP accounts, not the accounts of Ripple.”&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">Yesterday, there was unauthorized access to a few of my personal XRP accounts (not <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a>) – we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved. <a href="https://t.co/T3HtKSlzLg" rel="noopener noreferrer nofollow">https://t.co/T3HtKSlzLg</a></p>— Chris Larsen (@chrislarsensf) <a href="https://twitter.com/chrislarsensf/status/1752702297971532258?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 31, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>He further wrote, “We quickly caught the problem and notified exchanges to freeze the affected addresses. Law enforcement is already involved.”&nbsp;</p>
<p>ZachXBT, a Blockchain sleuth, posted on ‘X’ on Wednesday that the Ripple network has been hacked for over 213 Million XRP. However, the data of CoinMarketCap shows that soon after the information, XRP price slipped more than 5%; as of writing, it was trading at $0.4945.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">It appears <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> was hacked for ~213M XRP ($112.5M)<br><br>Source address<br>rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm<br><br>So far the stolen funds have been laundered through MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, etc <a href="https://t.co/HKGYsLQeMv" rel="noopener noreferrer nofollow">pic.twitter.com/HKGYsLQeMv</a></p>— ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1752694489905528943?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 31, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="strong-crypto-market-price-updates-strong"><strong>Crypto Market Price Updates&nbsp;</strong></h2>
<p>In the past 24 hours, the market capitalization of the entire crypto market slipped 1.35% and was $1.62 Trillion as of writing.<a href="https://www.thecoinrepublic.com/2024/01/31/what-is-sei-the-underlooked-token-with-huge-potential/" target="_blank" rel="noopener noreferrer nofollow"> XRP</a> and FTT are among the leading losers of the intraday time frame.&nbsp;</p>
<p>FTT slipped significantly in the past 24 hours and lost 25.98% of its price. Market analysts predict that the decline is fully backed by the statement that the bankrupt crypto exchange will not be rebooted.&nbsp;</p>
<p>The pioneer of the crypto market, Bitcoin, was trading at $42,175, and in the past 24 hours, it faced a rejection of 1.44%, but it is still trading at a profit of 5.38% in terms of weekly trading sessions.&nbsp;</p>
<p>Before its demise, the firm was among the leading centralized cryptocurrency exchanges in the market, but suddenly, the situation got just the opposite, and it filed for bankruptcy. The event is still among the most destructive events in the crypto market.&nbsp;</p>
<p><strong>Disclaimer</strong></p>
<p>The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Majority of XRP’s Network Validators are Ready to Favor AMM- Data

Table of Contents

Thecoinrepublic.com

Other articles published on Feb 1, 2024

Nigeria’s Helpmum gets $225,000 grant from Africa Visionary Fund, selected into its 4th cohort

Dogecoin, Shiba Inu, or Sponge V2, Which is the Best Meme Coin to Buy in 2024?

FTX’s ambitious recovery goals amid asset valuation challenges

Binance Denies Exposure of Sensitive Codes on GitHub

Floki and Chainlink struggling, Meme Moguls presale approaches $2m

Bracket Labs Expands Cross-Chain to Deliver Volatility Trading Product, Passage, to BNB Chain’s 1...

Join our free newsletter for daily crypto updates!