Ripple CTO David Schwartz has resumed operating a validator node on the XRP Ledger, aiming to optimize network latency and stability, and address performance issues. He previously mentioned that he would transition to an "Honorary CTO" role to focus more on personal interest projects. His return to node operations lays the groundwork for his technical plans.

An early Bitcoin player recently deposited 10 million USDT into HyperLiquid and opened a $26.8 million ETH long position with 5x leverage, holding 9,010.4 ETH at an average entry price of $2,959.4. The liquidation price is at $1,888, indicating his optimism about Ethereum's short-term trend. However, the risk has also increased accordingly.

[Crypto World] Heard Cardano is planning something big? This time, instead of switching eras, they're upgrading directly to protocol version 11 within Conway. An intra-era hard fork sounds pretty solid—no need to overhaul the whole system, yet it addresses key weaknesses in security, Plutus smart contracts, and on-chain governance.
So, what's changing exactly? On the Plutus side, it’ll be compatible with V1 to V3 versions, plus new support for arrays and multi-assets, and list operations are much faster. After revising the UPLC case expressions, performance should see a significant boost. The ledger layer goes even further: mandatory use of unique VRF keys, a complete overhaul of Plutus rules, and moving governance voting logic directly into the ledger—all of which should make the protocol much more secure.
The proposal is currently under public review, with both Intersect and the hard fork working group expressing support. Mainnet

A new wallet address invested 3 million USDC on the HyperLiquid platform and went all-in long on HYPE with 10x leverage, drawing market attention. This move indicates strong confidence in the token from a large player, but it also comes with high risk and the possibility of liquidation.

Ethereum's recent trend is unclear, with top traders adding $2.8 million in short positions on the Hyperliquid platform, bringing net shorts to $21 million. Meanwhile, spot Ethereum ETFs continue to see outflows, putting short-term pressure on ETH.

Recently, the whale address pension-usdt.eth increased its position by purchasing 20,000 ETH, worth approximately $60.93 million, with an average entry price of $3,040.92. The liquidation price is set at $1,190.66, indicating either an optimistic outlook on the market or strong risk resistance. This capital movement is worth paying attention to.

[BlockBeats] In the past week, there has been a significant wave of Ethereum withdrawals from centralized exchanges. According to tracking data from Coinglass, as of December 7, over 206,400 ETH have flowed out from major CEXs in the past seven days.
Leading this withdrawal wave is a top exchange, with 92,300 ETH withdrawn from its platform alone, accounting for nearly half of the total. Closely following is the compliant platform Kraken, with 79,400 ETH outflows. Another mainstream exchange also contributed 36,000 ETH to the outflow.
Interestingly, not all platforms are seeing outflows. One exchange actually attracted a net inflow of 2,271.69 ETH against the trend, making it the only net gainer during this period.
Such large-scale ETH withdrawals from exchanges usually indicate that holders are opting for self-custody or moving to on-chain operations. The underlying shift in market sentiment is worth paying attention to.

[BlockBeats] On December 7, a16z published an article discussing an urgent topic: Can Bitcoin withstand attacks from quantum computers? The conclusion is rather pessimistic—if we don't upgrade to quantum-resistant signatures now, it might be too late in the future.
Where's the trouble? Two major issues. The first is efficiency lag. Bitcoin is notorious for slow upgrades, and if the community can't reach consensus, it's easy to end up with a hard fork. Just look at historical disputes to see how tough it is. Now, to push a quantum-resistant solution, even reaching consensus could take an unknown amount of time.
The second issue is even more critical—migration relies on self-initiative. Unlike some chains that can enforce upgrades, Bitcoin holders must manually move their coins to new addresses. Here's the problem: What about those wallets that have been dormant for years? Satoshi's coins, coins with lost private keys, coins whose owners have passed away... all of these are exposed to quantum threats.
a16z estimates that there are several million high-risk Bitcoins, worth hundreds of billions of dollars at current prices. If quantum

[Chain News] Just saw some pretty shocking news—a direct statement from the US SEC Chairman in a recent interview.
He said that the entire financial system will shift toward Bitcoin and cryptocurrencies in the coming years, and specifically emphasized, "This is the future of the world." Hearing this from the mouth of the SEC Chairman carries a lot of weight. You have to know, the SEC has always been a strict regulator of the crypto industry, so for the top official to publicly express this attitude is, in a sense, a reassuring sign for the industry.
The boundaries between traditional finance and the crypto world may really be blurring at an accelerated pace.

XRP is about to launch smart custody features, adding programmable conditional logic and enhancing automation capabilities. However, current XRP price volatility and the impact of regulatory proposals pose challenges to its future development.

【币界】SEC主席加里·根斯勒最近又发声了。这位监管大佬明确表态：加密市场必须要有更严格的监管框架。
他提到的理由也很直接——为了避免再出现FTX那样的灾难性崩盘。毕竟去年FTX的雷，让多少人血本无归，整个行业的信任度都受到重创。
根斯勒一直以来对加密行业的态度都比较强硬，这次表态也算是延续了他的一贯立场。市场到底需要什么样的监管？这个话题估计还得继续争论下去。

Franklin Templeton's XRP spot ETF performed well within its first week of listing. As of December 5, the number of XRP under management approached 63 million, with a market value of approximately $127.8 million. The total net assets reached $125.6 million, and the circulating shares increased to 5.7 million, indicating strong market acceptance of the ETF.