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Market News: France's Highest Court Blocked A Ban On Children Under 15 Using Social Media – A Setback For Macron, Who Supported The Bill, After It Had Passed Parliament Last Month
US President Trump Has Asked The Supreme Court To Allow Construction Of The White House Banquet Hall To Continue
The Main Butadiene Rubber Futures Contract Rose By 2.00% During The Day, Currently Trading At 13,800 Yuan/ton
Market News: Since June, India Has Mobilized More Than $50 Billion In Funds Through Initiatives To Attract Overseas Capital, Giving The Country's Central Bank More Room To Replenish Its Foreign Exchange Reserves And Support The Weak Rupee
Market Pricing Suggests That The Probability Of The Federal Reserve Raising Interest Rates More Than Once Before Mid-2027 Has Decreased
U.S. Retail Sales In July Posted A Month-on-month Increase Below Expectations, Sending The U.S. Dollar Index To A One-week Low Of 99.506, While Spot Gold And Silver Surged In The Short Term, Rising Nearly 1%
US Treasury Secretary Bessenter: The United States Will Impose Unprecedented Economic Isolation On Iran
U.S. Retail Sales In July Amounted To $763.602 Billion, Compared With The Previous Figure Of $768.553 Billion
U.S. July Retail Sales, Compared With The Prior Month, Came In At -0.4%, Versus An Expected 0.30%; The Previous Reading Was Revised From 0.50% To 0.4%
U.S. Retail Sales Fell 0.6% Month-on-month In July, Versus An Expected 0.1% And A Previous Reading Of 0.20%
Ukraine's Agriculture Minister: Farmers Will Face A Shortage Of Storage Capacity, Potentially As High As 11 Million Tons, Due To The Possible Continued Closure Of The Odessa Port Until November
Ukraine's Minister Of Agriculture: We Are Exploring Ways To Increase Shipments Through Other Modes Of Transport, Including Highways, Danube Ports, And A New Railway Route Through Moldova, And Are In Consultation With Partners In Other Countries
Ukraine's Agriculture Minister: Russia Launched More Than 60 Attacks On Port Facilities In July, Hitting 35 Ships Inside The Port And Another 22 At Sea
U.S. Oil Companies Cut Spending Without Boosting Output; High Oil Price Windfalls Flow To Shareholders
In July, The China Securities Regulatory Commission Approved Qualified Foreign Investor Status For Nine Institutions, Bringing The Total Number Of QFIs Across The Market To 999

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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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