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• The Cloudflare outage showed how dependent a centralized infrastructure makes today’s crypto platforms.
• The incident sparked debate among industry experts about whether Web3 should continue to operate in its current architecture.

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A Cloudflare outage on November 18th crippled some of the world’s largest crypto platforms and highlighted how dependent Web3 remains on traditional Web2 infrastructure.

The outage, which began at 11:20 UTC and lasted until full recovery at 17:06 UTC, was Cloudflare’s worst outage since 2019.

Many crypto exchanges, wallets and DeFi applications were offline within minutes, raising questions about the industry’s long-standing claims about decentralization and resilience.

The outage began after a change in database permissions created an oversized file within Cloudflare’s bot management system. This file doubled in size after being spread across the network, exceeding memory limits and triggering widespread HTTP 5xx errors.

Core services such as CDN provisioning, Workers KV, authentication and dashboard logins were affected. Matthew Prince, CEO of CLOUD confirmed laterthat it was not a cyberattack, but that the problem was due to configuration behavior within a ClickHouse cluster.

Crypto platforms failed because core infrastructure failed

Cloudflare’s failure caused a shock in the crypto market. Major exchanges and DeFi protocols with high traffic went offline at the same time.

While the blockchains themselves remained operational, users were unable to interact with them because the interfaces, APIs, and routing layers they rely on were tied to Cloudflare’s network.

Industry researcher White Whale found that DeFi applications that describe themselves as unstoppable became unattainable the moment Cloudflare went down.

This exposed a technological paradox: while decentralized networks are inherently autonomous, their usability remains dependent on these centralized gateways. If these gateways fail, the decentralized financial network will no longer be accessible.

Large parts of Web3 were actually shut down for almost three hours. Even after most of the issues were resolved at 2:30 PM UTC, some issues remained as traffic increased again.

Cloudflare network administrators had to manually remove bad configuration files on their network and restart their systems.

Experts debate the future of Web3 infrastructure

Reporting on the outage sparked numerous reactions in the industry. Nader Dabit from Eigen Labs pointed out the growing gap between the decentralization of crypto markets and their dependence on centralized infrastructures like Cloudflare and AWS hin.

watching my favorite decentralized censorship-resistant unstoppable crypto web3 app get eviscerated because "cloudflare went down" pic.twitter.com/XUEhUQZuLz

— nader dabit (@dabit3) November 18, 2025

In a contrary statement claimed the CEO of Helius Labs said that Cloudflare’s size is enormous and handles in one second many times the traffic of all blockchains in their entire life.

He argued that the Web3 infrastructure was nowhere near Cloudflare’s level, so relying on centralized providers was inevitable for the time being.

"cloudflare down, heh, but never goes down"

dear noobs,

cloudflare processes 85 trillion more requests per second than all chains ever have combined for in their lifetime

sit this one out

like a toddler bragging about flying a toy plane to a pilot

— because | helius.dev (@0xMert_) November 18, 2025

The problem that became abundantly clear on November 18th is that crypto markets operate on centrally controlled systems that can collapse at any time. While the blockchain networks themselves remained secure, practice once again proves the weakest link rule.

• Wirex enables seven million users to transfer USDC and EURC in real time without involving traditional banks.
• The Stellar network enables real-time international transfers, while VISA integration ensures cheaper and transparent transactions worldwide.

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Wirex has enabled on-chain Visa settlement with USDC and EURC on the Stellar network, enabling over seven million users to send stablecoin payments 24/7. People can complete transactions faster, pay lower fees, do not need traditional banks and can connect directly to the VISA payment system.

Onchain settlement at global scale is now live.@wirexapp is settling @Visa payments in USDC & EURC on Stellar, now serving 7M+ users:

24/7 stablecoin settlement
Lower fees & faster processing
No legacy banking rails

Learn morehttps://t.co/560CgSPKqk

— Stellar (@StellarOrg) November 18, 2025

Customers can now make payments with dual stablecoins on Stellar without depending on banks or legacy fiat systems. Wirex, a global digital payments platform, enables transactions to be completed instantly, improves transparency and provides a convenient solution for global payments.

Wirex, serves customers in over 130 countries. The company combines digital and traditional currencies and offers crypto-enabled cards and self-custody wallets. The new USDC and EURC settlement is in line with Wirex’s strategy to integrate blockchain applications into mainstream financial services.

Wirex partnership expands stablecoin access worldwide

Wirex founder Pavel Matveev explains:

“Stablecoin-native settlement is no longer a concept – it’s live, at scale and delivers real value to users worldwide. By partnering with Stellar, we offer our customers faster, cheaper and more transparent alternatives to traditional banking rails – all with full integration with VISA.”

Wirex’s core membership with Visa allows the company to process settlements in USDC and EURC directly. This makes traditional banks obsolete. Users benefit from lower fees, faster payments and seamless global transactions, demonstrating how blockchain settlements bring real benefits to everyday financial activities worldwide.

Visa is supporting this development as part of its broader blockchain experiments. Cuy Sheffield, VP and Head of Crypto at VISA, said:

“VISA is working with innovative partners like Wirex to explore new ways stablecoins and blockchains can improve the payment experience. Wirex’s use of USDC and EURC on Stellar shows how onchain settlement can bring greater speed, transparency and programmability to digital payments.”

Wirex’s acquisition of the Stellar network settlement represents a major advancement in payment processing. The platform processes large stablecoin transactions, provides users worldwide with faster and easier payment options, and ensures that it meets international financial rules and Visa’s operating standards.

Stellar with real-time international payments for Wirex customers

Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, explained:

“The future of finance is on-chain. That’s why Wirex’s launch of dual stablecoin settlement on Stellar is a big step forward for a true stablecoin company. The Stellar network is built for payments and is a leader in how stablecoins can be used at scale for compliant, cross-border payments.”

Wirex continues to provide services to over seven million customers worldwide. It combines traditional financial services with blockchain capabilities, enabling cardholders to make faster payments and transactions with USDC and EURC, making money management easier and increasing financial access for people and businesses worldwide.

With this launch, Wirex can demonstrate how stablecoins can process payments in real-time. Users benefit from faster cross-border transactions without intermediary banks. This strengthens Wirex as a leading platform connecting digital and traditional currencies and highlights the growing role of stablecoins in everyday payments.

Wirex uses Stellar network technology to make global payments scalable and efficient. Backed by Visa, it offers fast, predictable processing, lower fees, and clear transactions. This move helps blockchain payments become mainstream and shows how stablecoins can work in everyday financial transactions.

• According to Ripple CTO Schwartz, the structure and governance of the XRP ledger significantly reduce the risk of a hard fork.
• Quantum computing does not pose a significant threat, at least to XRP, in the next 20-40 years.

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Discussions in the XRP community have sparked rumors about a possible hard fork of the XRP ledger XRPL. This has now been denied by Ripple CTO David Schwartz and JA Akinyele, Head of Engineering.

In a recent conversation, they explored theoretical applications of XRP in DeFi, both through native onchain protocols and external applications.

The discussion covered staking concepts and governance mechanisms, including a potential limited-supply governance token designed for voting control, although no official proposal was released.

Schwartz emphasizedthat all public Layer 1 blockchains, including XRP, are theoretically controlled by forks. However, XRPL is uniquely protected from such outcomes through a system of overlapping validators.

All public layer one blockchains are ultimately governed by fork. But I think it’s good to have robust protections from other governance mechanisms that help reduce the risk of a fork. XRPL’s published UNL is one such mechanism. Validator’s voting for amendments is another.

— David ‘JoelKatz’ Schwartz (@JoelKatz) November 19, 2025

Each server in the ledger relies on a Unique Node List (UNL) that contains trusted validators that participate in consensus building. The high redundancy of these lists, up to 90% in extreme scenarios, ensures that transactions are validated consistently across the network, reducing the risk of a fork.

The XRP Ledger supports this through recommended validation lists published by both Ripple and the XRP Ledger Foundation, which help maintain consensus and network integrity.

Technical protection measures strengthen XRPL security

The UNL is crucial to the XRPL network’s resilience to forks. Each vote to be validated is determined by the UNL of the respective validation server. If different servers had different UNLs, there could have been conflicting validations for different ledgers.

This ensures that validators are on the same page no matter what scenario they find themselves in. Ripple’s development team has incorporated all of this into its model to ensure that there are no conflicts when confirming transactions on its network.

The community’s concerns regarding forks have therefore been adequately addressed through such a consent-based, layered approach to governance.

XRP and Quantum threats are still a long way off

In addition to concerns about forking, there have also been issues about XRP’s resilience to quantum computing. Recently the researcher Pompius the resistance of XRP to quantum computers noted and states that XRP is not at risk from quantum computing in the next 20 to 40 years.

Carrying out quantum attacks requires quantum computers capable of breaking elliptic curve signatures. However, currently their hardware only works with a few hundred qubits, a far cry from the millions of qubits such attacks would require.

XRP FACES NO QUANTUM THREAT FOR THE NEXT 40 YEARS!

XRP currently faces no meaningful quantum threat for the next twenty to forty years, based on everything we know from quantum hardware roadmaps, cryptographic thresholds, and XRPL’s upgrade path.

Here is the reality:… pic.twitter.com/dKGcptAIGG

— Pumpius (@pumpius) November 17, 2025

XRP’s network protocol was also designed with forward compatibility in mind. Private keys are created with a high random factor to reduce gaps in the patterns and there is a seamless transition to quantum-safe cryptographic algorithms.

According to experts, it is feasible for XRPL to build in post-quantum security features long before quantum computers pose a real threat.

Ripple’s technology division has clarified both the governance and security aspects of XRP. The ledger’s robust validator structure combined with future-ready cryptography puts to rest fork rumors and positions the network as resilient to long-term technological threats.

• LINK rebounds near $15.35, whale accumulation increases, and social media presence is highest since 2022.
• Bonuses and participation in build projects ensure increasing optimism and keep dealers’ interest alive.

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Chainlink (LINK) price held steady at $15.35 on Wednesday after recovering from a weekly low. Investors are regaining confidence in the token. The Chainlink Rewards Season 1 Program sparked new buying interest and attracted more people to the community.

LINK rose 11% since November 5 before falling 6.6% on Tuesday. Traders remained positive as the price remained above its support. The recent rally shows strong demand fueled by staking and improving on-chain metrics, boosting confidence and signaling that the opportunity remains strong in the market.

The Chainlink Rewards Season 1 initiative officially began on Tuesday. It allows eligible participants to earn Cube Rewards Points by participating in nine build projects: Dolomite, Space and Time, XSwap, Brickken, Folks Finance, Mind Network, Suku, Truf Network by Truflation, and bitsCrunch. These rewards encourage more people to participate in the network.

Staking program expands Chainlink commitment

Participants can assign cubes between November 11th and December 9th and claim rewards via a 90-day linear unlock plan starting December 16th. This setup helps users stay active in the Build ecosystem, encourages long-term commitment, and maintains token demand with staking rewards that incentivize regular participation.

These developments show a positive future for LINK. Higher staking rewards and greater user participation help LINK’s ecosystem grow, increasing liquidity and making the tokens more useful. More interaction encourages steady buying and forms a strong base for LINK price in the coming trading sessions.

The Santiment data further reinforces optimism as Chainlink’s social dominance metric surges. It jumped from 0.15% on Saturday to 1.89% on Wednesday, reaching its highest level since July 2022. The increase shows growing commitment and renewed discussions about the project’s latest program.

Chainlink faces $18 resistance – bullish momentum building

At the time of writing, LINK is trading at $16.05. The price fell by 0.79% in the last 24 hours. The market cap is $11.18 billion, and traders exchanged $723.71 million worth of LINK, which is about 6.21% of its value. There are 696.84 million of LINK in circulation.

Data from CryptoQuant suggests consistent whale accumulation in both spot and futures markets. Large buy orders show that investors trust the medium-term trend of the token. Coinglass reported that the OI-weighted funding rate rose to 0.0032% on Wednesday, meaning traders with long positions are now outperforming those betting on a further decline.

LINK’s technical outlook remains constructive as the price trades near the lower trendline of a falling wedge pattern. If the price holds this level, it could reach the 50-day exponential moving average at $18.12. According to analysts, this area could serve as a resistance point before the next upward move.

The Relative Strength Index is currently at 40, close to neutral 50, showing that bearish pressure is easing. If it rises above 50, it could indicate stronger bullish momentum. At the same time, the MACD has shown a bullish crossover since Monday, further supporting hopes of a recovery.

Should sales return, the next visible support is $12.59. Even with small corrections, traders are optimistic as the staking program remains active, whales are trading more, and strong community signals increase confidence in Chainlink’s market prospects for December.

• Pi Network apparently wants to introduce a structured dual token model with PiUSD to process RWA transactions.
• What is known from the project roadmap indicates a development similar to XRP’s dual token structureone To ensure scalability and stability.

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The Pi Network, once hailed as a global, community crypto project, is now at a crossroads. Despite years of muddling around, the project still lacks clarity about its real value and market direction.

Many users remain unsettled and turn to unofficial platforms false stories about the value and the future Structuredes Coinsspread.

One of the most common misconceptions comes from a community-created “GCV Guide” that claims that one Pi is equal to $314,159. The document also claims that there are two different Pi tokens for exchange and GCV transactions, causing confusion among users.

Ocean Dr. Altcoinsa well-known crypto researcher, these claims are completely false. He clarified that no blockchain can operate under a “dual value system” with the same ticker symbol.

I have clarified this before, but many members in the Pi community still believe that Pi will somehow magically turn into the GCV value of $314,159 from its current $0.20, through a so-called “dual value system” or some kind of magic code.

There is no such thing as a dual value…

— Dr Altcoin (@Dr_Picoin) November 8, 2025

Dr. Altcoin noted that legitimate dual token systems use different identifiers to separate functionality and pricing. InterLink’s model, for example, uses two tokens, ITLG and ITL, which serve different functions within the ecosystem.

This clear separation allows for transparent assessment and stable economic activity throughout Network, something that hasn’t reached the Pi network yet.

ERC-3643 standard aims to enable onchain tokenization

While the confusion continues, the Pi Network core team appears to be working on a structured approach that addresses the Integration of real assetscontains .

Dr. Altcoin explained that the Pi Core Team (PCT) may adapt to the ERC-3643 tokenization standard to bring RWAs to the blockchain. Such a shift would enable that Assets How Real estate, raw materials or stock instruments can be traded directly within the Pi ecosystem.

If these transactions are to occur seamlessly, it is imperative that Pi needs a medium of exchange. This is where the role of PiUSD comes into play, the a native stable coin for Piwere.

Dies would mean that these coins have a fixed value, which would benefit the Pi Network if it wants to improve its capabilities when it comes to DeFi.

Pi Network has parallels to XRP’s dual token model

According to Dr. Altcoin could eventually mirror Pi’s vision of XRP’s dual-token model, where the native XRP coin provides stable liquidity alongside a stable asset like RLUSD. Similarly, Pi and PiUSD could work togetherto create a balanced structure for Scalability and transaction efficiency to form

Die Network participation to OpenMind is another step that supports this theory. The collaboration aims aims to build transaction networks for robotic systems. Diesmeans that PiUSD act as a transaction currencycan.

Although such developments would take several years, it is clear that the transition of Pi network towards a dual economy shows its intention, from the hype created by the communityto mature out and to be ready to compete with the established system of XRP.

• The EU bans cash transactions over 10,000 euros and requires proof of identity for all commercial crypto transfers.
• Anti-money laundering reforms focus on exchanges and intermediaries to prevent illegal flows of money in the EU.

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The European Union is introducing new financial regulations that limit cash payments to a maximum of 10,000 euros to increase transparency and combat money laundering. The move is part of a broader effort to strengthen financial supervision and make large monetary transactions traceable in all member states.

VERY CONERNING: The EU just banned cash payments over €10,000 and will require ID for every Bitcoin transaction starting 2027.

They’re criminalizing privacy. pic.twitter.com/KIuWWaQ5J0

— Simply Bitcoin (@SimplyBitcoin) November 9, 2025

From 2027, commercial transactions over €10,000 will be banned across the EU – but member states can set lower limits. Payments between 3,000 and 10,000 euros must be documented and reported to the national tax authorities. The measures are intended to prevent “black money transactions” and money laundering.

The new regulations also extend to digital currencies and require identity verification for Bitcoin and other crypto transactions. The move is in line with the global trend towards regulating anonymous digital currencies. The regulations are intended for crypto platforms and professional intermediaries, not for direct peer-to-peer transactions between investors.

Identity verification for transfers over 1,000 euros

The authorities also want to ban anonymous wallets and private coins such as Monero and Zcash by 2027. Service providers must verify the identity of people who send more than 1,000 euros via self-custody wallets. These rules aim to provide greater oversight of crypto transfers.

The European Anti-Money Laundering Authority will oversee high-risk entities, including major crypto service providers with high transfer volumes. According to EU regulations 2023/1113, fiat and crypto transfers require companies to collect and store information about the sender and recipient. According to authorities, these measures help to track money flows and prevent illegal financial flows in member states.

Critics argue that the regulations violate financial privacy because mandatory identification can limit personal control over money. Proponents emphasize that these rules help stop illegal financial activities and keep the European financial system safe. They emphasize that the rules are important as digital currencies become more widely used in member countries.

New transparency measures are intended to curb illegal flows of money

The Anti-Money Laundering Regulation clarifies that the rules for cryptocurrencies and cash focus on exchanges and intermediaries, not on peer-to-peer payments between people. This approach supports the overarching goal of reducing untraceable flows of funds in the EU.

The authorities explain that these reforms will improve transparency in the movement of fiat money and cryptocurrencies. By linking cash reporting to financial authorities and crypto audits, the EU aims to ensure that all member states follow similar surveillance rules, making it much harder for illicit money to flow through the single market undetected.

Experts warn that stricter reporting requirements could slow innovation and make compliance more expensive for service providers. Still, regulators emphasize that these steps will strengthen people’s trust in digital financial systems and protect against fraud, terrorist financing and other financial crimes across the bloc.

• Ondo received approval in Liechtenstein, giving over 500 million potential customers access to tokenized shares in the EEA – which includes the EU.
• The company connects real-world securities with blockchain tokens, strengthening investor confidence and the efficiency of cross-border trading.

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Ondo received from the Liechtenstein Financial Market Supervisory Authority the approvalto offer tokenized stocks and funds in the EU and EEA. This gives the company access to over 500 million potential customers. It removes border restrictions and allows Ondo to operate safely and confidently under a trusted, regulated framework across thirty European states.

Ondo combines traditional securities with onchain systems that reduce settlement time and expand access for ordinary participants. It provides investors with strong protection while allowing them access to digital assets that reflect actual stocks. This approach helps new users feel confident when exploring regulated blockchain investments.

The Liechtenstein-approved base prospectus grants passport rights that apply to all EU and EEA territories. The clearance allows Ondo access to any region without repeated checks. It also inspires trust among users who prefer digital assets backed by careful monitoring and clear, transparent management, just like real securities.

Ondo lists 100 tokenized US stocks for European investors

Ondo Global Markets was already seeing strong activity prior to this approval, with a total value of over $315 million and a cumulative trading volume of over $1 billion. More and more users are showing interest in tokens that are backed one-to-one by real stocks held at broker-dealers, giving them the same economic rights as the underlying assets.

The company is partnering with BX Digital of Boerse Stuttgart Group to list over 100 tokenized US stocks and funds on a regulated Swiss exchange. This facility provides European users with a secure way to access them without interruption. Each token is directly linked to actual shares, held securely by regulated partners.

There is already support for more than a hundred US stock tokens on Ethereum, and the company plans to launch the same tokens on BNB Chain, Solana and Ondo Chain. Each chain offers users alternative options for trading. These additions make it easier for users to work on the various networks and promote activity in the broader digital markets.

Approval enables faster cross-border access for tokenized securities

Trading activity increased following the new release as users quickly responded to easier access within the EU. Traders showed great interest in assets directly linked to real securities. The value locked remains consistently above $315 million, demonstrating continued participation and engagement with the company’s on-chain network.

Market watchers are tracking the increasing volume as more and more users trade these tokens without waiting for usual market hours. Traders remain active because the tokens are backed by shares and regulations remain clear. Each token indicates the value of the underlying asset, which helps investors trust prices and the market.

Future expectations remain positive as the approval lifts long-standing regional restrictions. Cross-border activities now operate through a single approved prospectus, allowing faster access for new and existing users. Traders are planning more listings through corporate partnerships that can increase digital exposure to traditional assets as European markets increasingly embrace them.