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Spot Gold Rose 1.00% On The Day, Currently Trading At $3,916.69 Per Ounce. Spot Silver Also Extended Its Gains To 1.00%, Currently Trading At $50.55 Per Ounce
China's Central Bank Injected A Net 280 Billion Yuan Into The Market Today Through Open Market Operations
China's Central Bank (PBOC) Conducted 364 Billion Yuan Of Overnight Reverse Repurchase Operations Today, With An Interest Rate Of 1.25%. Simultaneously, It Conducted 300 Billion Yuan Of 7-day Reverse Repurchase Operations Using A Fixed-quantity, Interest Rate-based Bidding Process With Multiple Price Levels
China's Central Bank Conducted 300 Billion Yuan Of Seven-day Reverse Repurchase Operations In The Open Market Today
China's Central Bank Announced That It Conducted 364 Billion Yuan Of Overnight Reverse Repurchase Operations Today, With A Bid Amount Of 364 Billion Yuan And A Winning Bid Amount Of 364 Billion Yuan. The Operation Rate Was 1.25%
Indonesian Tax Authorities Are Reportedly Set To Announce Export Fees For Bulk Commodities In December
The Main Coking Coal Futures Contract Rose More Than 2.00% Intraday, Currently Trading At 1973.00 Yuan/ton
The Main Coking Coal Futures Contract Rose By More Than 3%, Currently Trading At 1435.5 Yuan/ton
The Main Butadiene Rubber Futures Contract Rose By More Than 3%, Currently Trading At 15,960 Yuan/ton
The SC Crude Oil Futures Contract Rose By 2.00% Intraday, Currently Trading At 620.10 Yuan Per Barrel
Most Domestic Commodity Futures Rose, With Ethylene Glycol Up Nearly 4%, Container Shipping To Europe, Propylene, Styrene, And Asphalt Up Over 3%, And Methanol, Benzene, Glass, And Coking Coal Up Over 2%
The Main Contract For The Container Shipping Index (European Route) Has Extended Its Intraday Gains To 4.00%, Currently Trading At 2547.0 Points

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Ripple CTO David Schwartz has recently addressed a misconception about XRP Ledger's UNL. A unique node list (UNL) refers to a server's list of trusted validators.
An X user said in a tweet that he was unable to change trusted validators in his public XRP-GUI wallet, indicating that he was looking to use a UNL outside that provided by Ripple. He also posed the question, "99% of the population is reliant on the UNL that Ripple publishes, what is stopping them from manipulating the UNL?"
David 'JoelKatz' Schwartz@JoelKatzOct 18, 2025The UNL affects the way the network makes forward progress. Wallets just observe that. And manipulating the UNL to do what? If nodes don't agree with the validators on their UNL, the network halts.
This tweet attracted a response from Ripple CTO David Schwartz, who clarified the essence of UNL to the XRPL network. Schwartz responded that UNL affects the way the network makes forward progress, and wallets also observe this, answering the X user's question of why trusted validators could not be changed.
Squashing concerns about a potential network manipulation, Schwartz added that if nodes do not agree with the validators on their UNL, the network halts.
Every XRP Ledger server is natively configured with a UNL, which determines which validation votes it listens to and which votes it throws out during the consensus process.
Why it matters
Each server operator has full control over which validators are included in their UNL.
However, if two servers operate with totally different UNLs, they are likely to reach different conclusions about when ledgers (and the transactions in them) are validated. This could cause a fork in the network with parties on different sides unable to mutually agree and transact with one another.
To avoid forking, servers on XRP Ledger are required to be configured with UNLs that have a high degree of overlap with one another.
To make it easier to get a different and reliable list of validators that has high overlap with others, XRP Ledger utilizes a system of recommended validator lists. Currently, the default configuration for XRP Ledger servers uses two lists: one published by the XRP Ledger Foundation and one published by Ripple. The term default UNL (sometimes abbreviated dUNL) refers to the set of validators included in these lists.
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