The potential ceasefire extension could stabilize oil markets temporarily, but 
lasting impacts hinge on broader diplomatic progress.
The post Oil prices dip amid potential US-Iran ceasefire extension appeared 
first on Crypto Briefing.

Oil prices dip amid potential US-Iran ceasefire extension

David Schwartz, the former Chief Technology Officer (CTO) of Ripple, has 
addressed recent concerns over DeFi bridge security, reassuring XRP Ledger 
(XRPL) users that the network is not exposed to attacks like those linked to 
the Kelp DAO exploit. He emphasized that vulnerability in cross-chain bridge 
systems largely depends on how they are designed and implemented, as well as 
on the level of reliance on external bridge infrastructure. How XRP Users 
Remain Protected From Kelp DAO-Related Exploits In an X post on April 20, 
Schwartz provided context on how users in the XRP Ledger (XRPL) ecosystem are 
positioned differently from those exposed to cross-chain risks in Kelp DAO 
exploits. The discussion follows concerns in the DeFi space after Kelp DAO 
suffered a major security breach tied to vulnerabilities in its bridging 
infrastructure. This hack resulted in approximately $292 million in rsETH 
tokens being stolen from the protocol and immediately used as debt collateral 
on Aave, a lending protocol. Related Reading: What’s Really Going On With 
Ripple’s XRP Ledger And Are Investors Coming Back? Schwartz noted that his 
past evaluations of DeFi bridging systems, including those considered for 
Ripple’s stablecoin RLUSD, were heavily focused on security design. According 
to his assessment, many of these systems already had strong mechanisms to 
prevent the type of fraudulent cross-chain message manipulation observed 
during the Kelp DAO attack. However, he noted that actual protection depends 
on whether projects fully activate those safeguards. The ex-Ripple CTO also 
pointed to a recurring issue in DeFi infrastructures, where security features 
exist but are often practiced optionally. He noted that most bridge providers 
tend to promote their systems as “super safe,” while also emphasizing ease of 
use and fast deployment across different blockchains. In reality, some of 
these stronger security settings are left optional or disabled. As a result, 
Schwartz noted that many developers sometimes choose simpler configurations 
instead of fully enabling the full set of available security options. He added 
that, due to the trade-off between convenience and the costs of operational 
complexity, some teams avoid more robust setups. In his view, this creates a 
serious gap and can leave systems exposed to attacks that the underlying 
design was intended to prevent. For XRP Ledger users, Schwartz noted that the 
blockchain’s reliance on bridge security systems is significantly reduced. As 
a result, exposure to vulnerabilities similar to the Kelp DAO incident is 
structurally limited. How XRP Ledger Design Reduces Reliance On Bridge Systems 
Schwartz has noted a structural difference in how the XRP Ledger operates 
compared to many DeFi ecosystems that depend on external bridges. In systems 
like Kelp DAO’s rsETH setup, assets move across chains through third-party 
bridge protocols, which introduce additional points of failure if verification 
rules are not strictly enforced. Related Reading: Pundit Says This Chart 
Paints The Clearest Macro Picture For XRP In contrast, the XRP Ledger is 
designed with built-in transaction finality and does not rely on the same type 
of external cross-chain messaging infrastructure for its core functions. This 
significantly reduces the ledger’s exposure to security breaches and exploits 
that target tricking bridge validators or falsifying cross-chain instructions. 
Featured image from Pixabay, chart from Tradingview.com

Ripple CEO Breaks Down How XRP Ledger DeFi Users Are Protected From Attacks Like KelpDAO

Warsh&#8217;s push for Fed policy change could challenge institutional norms, 
impacting market expectations and monetary policy stability.
The post Kevin Warsh calls for regime change at Fed, eyes rate cuts appeared 
first on Crypto Briefing.

Kevin Warsh calls for regime change at Fed, eyes rate cuts

Market skepticism highlights the gap between political narratives and ground 
realities, potentially affecting future diplomatic credibility.
The post White House claims victory in Operation Epic Fury, market skeptical 
of April 30 end appeared first on Crypto Briefing.

White House claims victory in Operation Epic Fury, market skeptical of April 30 end

XRP deposits have been enabled on SoFi, expanding regulated crypto access for 
U.S. retail users. The move places the asset within a national chartered bank 
platform, while Ripple highlighted closer links between traditional finance 
and digital asset markets. Key Takeaways: XRP gains regulated access as 
deposits go live on SoFi’s platform. SoFi expands crypto offerings […]

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