XRP Ledger Is Getting a New Gatekeeper!

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

• XRP Ledger Developers Propose New Token Blocking Rules as Two New Transaction Types Advance

• Companies Are Cutting AI Spending, Microsoft and Meta Lead Cost Crackdown

• Bloomberg Strategist Warns Bitcoin Could Crash to $10,000 if US Stocks Fall 20% as Bond Yields Surge

• Chainlink's Top 50 Wallets Hold 51.9% of LINK Supply, but Binance and Staking Distort the Picture

📣 XRP Ledger Developers Propose New Token Blocking Rules as Two New Transaction Types Advance

XRP Ledger developers have proposed new controls that would allow token issuers to approve or block specific accounts from acquiring their digital assets. The proposed XLS-87 upgrade is still in development, and restrictions are to extend across payments, decentralized exchanges, escrows and other XRPL features.

💸 Companies Are Cutting AI Spending, Microsoft and Meta Lead Cost Crackdown

Microsoft and Meta are reportedly cutting spending on third-party AI tools. Microsoft reduced its projected Claude bill by more than one-third and Meta reportedly halved its Claude Code users.

‼️ Bloomberg Strategist Warns Bitcoin Could Crash to $10,000 if US Stocks Fall 20% as Bond Yields Surge

Bloomberg Intelligence strategist Mike McGlone warned that Bitcoin could plunge to $10,000 if the US stock market suffers a 20% correction. He argues that Bitcoin's recent weakness, rising bond yields and tightening financial conditions could be early warning signs of a much wider market downturn.

👀 Chainlink's Top 50 Wallets Hold 51.9% of LINK Supply, but Binance and Staking Distort the Picture

More than 51% of Chainlink's LINK supply is held in just 50 blockchain addresses, with the 10 largest wallets controlling approximately 31.4%. However, major exchange wallets, staking contracts and project reserves account for some of these holdings

👀 QUICK NEWS

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• Solana's October 21 Alpenglow Upgrade Could Cut Reported TPS as Finality Targets 150 Milliseconds

• Meta Faces $145B AI Spending Test as Wall Street Prices 6% Stock Swing Ahead of October 21 Earnings

• Michael Intrator Went From Trading Natural Gas to Building CoreWeave With $104 Billion in AI Contracts

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