World Liberty Financial has confirmed its WLFI app is prepared for release, co-founder and COO Zak Folkman said at Token2049 Singapore. However, the company has not announced a launch date. WLFI traded near $0.05445 on Oct. 7, about 84% below its record high of $0.3313, with a market capitalization near $1.73 billion and 24-hour volume around $29.4 million.
The project describes WLFI as a governance token across Ethereum, BNB Smart Chain and Solana. Holders can stake WLFI for potential USD1 rewards and participate in governance, with proposed terms requiring a non-custodial lock of at least 180 days and direct votes to qualify. World Liberty also lists planned services including WLFI Markets, a bridge for WLFI and USD1, crypto conversion, and AgentPay for AI-driven cross-chain payments. The Office of the Comptroller of the Currency granted World Liberty Trust Company preliminary conditional approval for a national trust bank charter on Aug. 14, but final approval remains conditional.
Meanwhile, XRP has fallen toward $1.45 after dropping 4.3% in 24 hours and roughly 3.9% over seven days. U.S. spot XRP ETFs recorded $3.14 million in net inflows on Oct. 6, with Bitwise adding $10.55 million and Franklin's XRPZ losing $4.07 million. Total cumulative inflows reached $1.794 billion, while net assets stand near $1.697 billion. The ETF flow data preceded a rapid selloff early Oct. 7 that pushed Bitcoin below $84,000 and generated heavy long liquidations.
Analyst EGRAG Crypto said $1.40 is the key support in the current breakdown setup, while a daily close back above $1.4850 would suggest the decline may be a fakeout. He placed further downside levels at $1.41, $1.37 and a deeper $1.32-$1.27 zone, while bulls need closes above $1.55 and then $1.596 to weaken the bearish case.
Institutional XRP news is scheduled next week: Evernorth Holdings expects its Class A shares to begin trading on Nasdaq under ticker XRPN on or around Oct. 12, after an administrative delay. Evernorth expects to hold roughly 473 million XRP and describes itself as an XRP-focused treasury vehicle. In addition, XRP Ledger developers expect the fixBatchV1_2 amendment to activate Oct. 9 if validator support remains above the required threshold, with servers warned to update to version 3.4.1 to avoid becoming amendment blocked.
