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Crypto

XRP faces renewed centralisation row as Justin Bons calls decentralisation claims a scam

Cyber Capital founder Justin Bons criticised claims that the XRP Ledger is decentralised, U.Today reported on Oct. 8. In a post on X, he said selling XRP to retail investors as decentralised was “an obvious scam”. Bons cited undocumented software code used during development and said XRPL had run on closed-source code for about two weeks, with changes set to be mandatory on Oct. 9. The dispute focuses on XRPL’s Unique Node List model and recommended validator lists.

Finance

KOSPI slides on foreign and institution selling; Samsung Electronics falls despite record results

South Korea\'s KOSPI fell more than 2 percent to the 6,600 level as foreigners and institutions sold heavily. The index closed down 177.97 points, or 2.62 percent, at 6,625.93 after briefly rising at the open. Foreigners net sold 1.99 trillion won and institutions 1.67 trillion won, while retail investors bought 2.90 trillion won. Samsung Electronics fell 2.42 percent despite announcing preliminary third-quarter results.

Crypto

Hyperliquid CEO says few capture benefits of corporate growth, criticises Wall Street

Jeff Yan, co-founder and CEO of decentralised exchange Hyperliquid, said Wall Street’s traditional investment structure disadvantages retail investors and is not sustainable. Speaking at Token2049 in Singapore, he said pre-IPO growth gains are concentrated among a small group and the public gains access only after key growth stages. He said Hyperliquid is expanding market access through blockchain and perpetual futures, and cited the product’s structure as a growth driver.