Scam attempts aimed at XRP holders have reached intense levels, according to recent alerts from a well-known figure in the XRP Ledger community. Vet, a pseudonymous X account who also works as a dUNL validator while contributing to the XRP Ledger Foundation has used his platform several times to highlight the growing threat. In a recent check using platform data tools, he found that around 11.5 million posts directed at the XRP community appeared within a single 30-day stretch. The vast majority dangled fake airdrops or reward schemes designed to trick people into handing over funds or linking their wallets. He described the sheer number as eye-opening and pushed users to stay highly alert. Vet has also pointed out how quickly fraudsters react to genuine positive news. When real companies announce partnerships or integrations involving the XRP Ledger, scammers often rush to set up lookalike addresses and launch tokens that borrow those brand names. His advice is straightforward: treat every unexpected offer with suspicion, and trust only details that come directly from the company’s official channels. In many cases, the real institutions never publish public issuer addresses. He has spoken about the constant stream of scam tags that can make notifications almost impossible to manage. Seeing community members engage with these posts frustrates him, and he keeps returning to the same clear message. No one is giving away free XRP. The safest move is usually to ignore the approach completely. Even specific token launches have drawn his scrutiny. After a large Japanese firm introduced a yen-backed stablecoin, Vet warned that any version appearing on the XRP Ledger under a similar ticker was almost certainly fake without an official issuer confirmation. His ongoing posts underline a simple reality. Rising interest in XRP attracts more bad actors who try to cash in on the attention. For everyday holders, staying skeptical and double-checking everything remains the best protection.

Trump is now a lame duck whose crypto empire the Congress is eager to investigate.

A federal judge said perpetual contracts tied to individual US stocks appear to be security-based swaps and left their trading approvals in place. The contracts track a stock’s price without giving traders shares or setting an expiration date. The absence of an expiration date could determine whether US exchanges can offer them to retail traders. On Nov. 9, Coinbase, Kalshi and four other companies asked the court to accept a brief defending the Commodity Futures Trading Commission’s classification of the contracts as security futures. That classification places them under rules shared with the Securities and Exchange Commission. The Capital Markets Alliance Association, a trade group whose members include Cboe and Citadel Securities, argues that the contracts fall under the SEC’s tighter rules for security-based swaps. The six companies say the SEC has no exchange-traded retail framework for those swaps, which would shut off retail access. Coinbase Derivatives, KalshiEX and Bitnomial Exchange applied on Sept. 18 to list perpetual contracts tied to individual large US stocks. The CFTC’s product review process deemed their applications approved on Nov. 2. The trade group sued that day to overturn the approvals. In its complaint , the group argues that a contract without an expiration date cannot qualify as a security future. Judge Valerie Caproni’s early order found the group likely to succeed in arguing that the CFTC exceeded its authority. She denied a temporary restraining order because the group had not shown imminent, irreparable harm. Her assessment was preliminary, and the court has not ruled on the group’s separate request for a preliminary injunction. Coinbase and Kalshi joined Kraken parent Payward, DRW Holdings, Jump Trading and Paradigm Operations in the proposed brief . The companies argue that federal law does not require a fixed expiration date for a security future. They cite standardized terms, margin requirements and centralized clearing as features familiar from traditional futures. Funding payments help keep a perpetual contract’s price tied to the stock it tracks. Coinbase, Kalshi and Bitnomial face a decision on whether their approvals remain usable while the case proceeds. The trade group was scheduled to reply to the CFTC’s opposition to a preliminary injunction on Nov. 10. The post The Judge Sees Stock Perps As Swaps. Coinbase Says They’re Futures appeared first on CryptoCoin.News .

The question is no longer whether the leverage is gone. It's whether demand will ever come back.