Ripple Restores XRPL After Unexpected Timeout!

Ripple announced that its XRP Ledger recovered from an hourlong network outage.

Author

Danielle du Toit
February 05, 2025

Crypto Order Sparks National Digital Asset Focus

A newly signed executive order aims to build a national digital asset stockpile, highlighting the strategic potential of blockchain. DeFi Technologies Inc. (US: DEFTF & CAD: DEFI.NE) stands at the forefront by offering regulated exchange traded products that simplify digital asset access. As the U.S. takes strides in crypto policy, discover how DeFi’s approach may align with this emerging infrastructure.

Here's what we've got for you today:

  • Ripple Says XRP Ledger Back Online After Hourlong Network Halt

  • Lawmakers May Push Crypto Regulations Before 2026 Midterms

  • El Slavador Buys 12 Bitcoin in a Day, Bringing Reserve to 6,068 BTC

  • Bitcoin Network Hashrate Growth was Muted in January: JP Morgan

👍️ Ripple Says XRP Ledger Back Online After Hourlong Network Halt

Ripple’s XRP Ledger has recovered from a network outage that prevented validations from being published for more than an hour.

  • The XRP Ledger (XRPL) stopped working at block height 93,927,174 for 64 minutes before being rebooted on Feb. 4 at 10:58 am UTC.

  • Ripple CTO David Schwartz explained that consensus appeared active, but validations weren’t being published, causing the network to become desynchronized.

  • Validator operators manually set a starting point to restore consensus, and RippleX assured its users that customer funds remained safe during the incident.

Anthony Scaramucci even believes Congress may advance a US crypto market structure bill by as soon as late 2025.

  • Anthony Scaramucci believes US lawmakers will try to win favor with the crypto community ahead of the 2026 midterm elections.

  • Due to this, he expects Congress to push forward crypto-related legislation, including a market structure bill, before its holiday recess in 2025.

  • Scaramucci also weighed in on Trump’s controversial entry into the meme coin market, and called the launch of the TRUMP token damaging to the industry.

El Salvador took advantage of the dip in the crypto market by stocking up its growing Bitcoin reserve.

  • El Salvador bought 12 BTC on Feb. 4 for over $1.2 million, bringing its total holdings to 6,068 BTC.

  • The country has bought 21 BTC over the past week and 60 BTC in the past 30 days, according to its Bitcoin Office.

  • The purchases happened despite a $1.4 billion financing deal with the IMF, in which President Nayib Bukele agreed to scale back some government Bitcoin activities.

The monthly average network hashrate rose 1% to 785 exahashes per second, while mining difficulty fell 2% month-on-month.

  • Bitcoin’s month-end weekly moving average hashrate fell 2% in January to 781 EH/s, which is an uncommon trend that slightly benefits mining economics.

  • Despite network difficulty remaining 25% higher than pre-halving levels, mining profitability improved slightly, with miners earning an average of $57,200 per EH/s in daily rewards.

  • The total market capitalization of tracked Bitcoin miners increased by 5% compared to the previous month.

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