Recently, the crypto community has been intensely discussing U.S. crypto policies, criticizing certain government measures for politicizing industry issues and blurring the line between policy and personal interests. There are concerns that including specific crypto assets in strategic reserves could distort the market and impact ecological fairness. Meanwhile, critics who express dissatisfaction are being excluded, reflecting that industry participants choose to remain silent to maintain political influence, which is detrimental to industry development.

【Crypto World】XRP Ledger has just completed a critical technical upgrade—through the fixDirectoryLimit amendment, it has completely removed the hard cap on directory size.
What does this mean? Previously, the network was prone to TECDIR_FULL errors during high traffic periods, causing valid transactions to be blocked. Now, this issue has been fundamentally resolved. What has replaced it? The network has shifted to an economic cost mechanism to prevent spam—maintaining security while significantly improving validator efficiency and transaction reliability for traders.
This upgrade is just part of XRP's technological iteration in 2024. Earlier, it introduced the AMM pool recovery feature, making liquidity management more flexible; as well as the DynamicNFT feature, opening new possibilities for ecosystem applications. All these upgrades point to the same goal—making the XRP network infrastructure more robust and stable.

An important decentralized exchange in the Solana ecosystem announces its closure, with governance voting almost unanimously in favor. The project team will liquidate $42 million in assets into USDC, with each token expected to be distributed between $0.90 and $1.10. The claim channel will open in nine days.

Recently, market funds have been gradually concentrating on XRP, with institutional investors shifting from Bitcoin and Ethereum to XRP-related funds. XRP is favored for its practical application in cross-border payments, fast transaction speeds, and a relatively clear regulatory environment. This shift reflects market maturity, with investors paying more attention to truly useful digital assets.

Recently, 673 Bitcoins were transferred from an unknown address to a custodial wallet of an institution, valued at approximately $59,358,000. This transaction has attracted attention because the source wallet's identity is unknown, which may involve large holder consolidation, exchange fund recovery, or inter-institutional transfers. Subsequent on-chain activities will reveal more information.

A well-known blockchain company has reached strategic cooperation with two licensed financial institutions, aiming to optimize trading efficiency and clearing processes through technological upgrades, and to promote the development of digital assets in the institutional finance sector. The two parties plan to include digital asset services in the investment menu for institutional clients, fostering the integration of traditional finance and Web3.

The likelihood of the Federal Reserve cutting interest rates has increased, with a 28.8% chance of a rate cut in January, influenced by the November Consumer Price Index being below expectations. Traders are slightly more betting on a broader easing by 2026, reflecting a change in market judgment on inflation trends, which affects liquidity in crypto assets.

【ChainNews】The U.S. Securities and Exchange Commission (SEC) Division of Trading and Markets recently published a FAQ on crypto assets and distributed ledger technology, clarifying several key compliance issues for market participants.
Where are the boundaries of broker responsibilities?
Non-securities crypto assets are not subject to Rule 15c3-3 of the Securities Exchange Act. However, once "crypto asset securities" are involved, brokers can establish a "control" mechanism under this rule to meet compliance requirements. The SEC stated that it does not oppose storing assets in non-paper form.
How are client assets protected?
The SIPC (Securities Investor Protection Corporation) has limited coverage—if crypto assets are not registered under the Securities Act, they are not protected by SIPC. What is the solution? The SEC recommends treating non-securities crypto assets as "financial assets" under UCC Article 8 and holding them in "securities accounts."

In year-end reflections, an industry insider pointed out that those with a true sense of mission as builders are more worthy of admiration. In the Web3 space, passion is more important than the goal of making money, because entrepreneurship is fraught with difficulties, and only a love for the cause can sustain through tough times.

The nationwide US bank SoFi has launched the SoFiUSD stablecoin on a public chain, backed by 1:1 US dollar cash reserves, providing low-cost real-time settlement services. This marks the active exploration of blockchain assets by traditional financial institutions, and stablecoins are gradually becoming a competitive focus in mainstream finance.

【Blockchain Rhythm】A senior executive from a leading exchange recently shared his views on Web3 builders, and his core insights are worth every entrepreneur reflection.
He emphasized that rather than favoring a particular track, he values the entrepreneurial drive itself. Those who are truly passionate about their own ventures are the ones worth long-term support. Look, in recent years, market trends have shifted rapidly—NFTs were hot the year before last, prediction markets took the spotlight last year, and now stablecoins are again in focus. In such an environment, adjusting strategies based on market demand is a good thing, but if you change course every three months and completely reverse direction, it basically indicates you're not truly doing what you love.
He also touched on the essence of entrepreneurship: people's original intentions for starting a business vary greatly. Some just want to make a quick buck, setting a specific goal—ten million, fifty million, or one hundred million dollars—and withdraw once achieved. But the reality is, Web3 entrepreneurship is so challenging that it makes people...

The adoption rate of cryptocurrencies remains relatively low, with only a single-digit percentage in terms of the number of people, and wealth share is even less than 1%. This indicates enormous growth potential, and market expansion could achieve a breakthrough by orders of magnitude. However, future growth still depends on the combined influence of policies, technology, and applications.

Ripple's CTO praises the new standards of the XRPL payment engine, believing they will enhance the security and reliability of XRPL. Meanwhile, SHIB's price approaches a key support level and may face downward pressure; Bitcoin remains volatile while monitoring critical technical levels.

【Crypto Push】Canary Capital has submitted an amended S-1 filing to the U.S. Securities and Exchange Commission regarding the Injective Staking ETF, with plans to list on the Cboe Exchange.
This product is uniquely designed — it provides investors with direct exposure to the INJ spot price and also offers additional yields through an on-chain staking mechanism. In simple terms, buying this ETF is equivalent to holding the spot and participating in staking simultaneously, with the combined benefits stacking.
From the custody and operational structure, U.S. Bancorp Fund Services handles transfer and cash custody, with BitGo Trust Company serving as the custodian. This setup is fairly standard in the industry, indicating a well-regulated filing plan.
If ultimately approved, it will be another breakthrough for the Injective ecosystem in traditional financial markets, especially for those who hope to enter through formal channels.

On December 18th, a large on-chain holder increased their holdings by 51,612.85 SOL, bringing the total holdings to 301,612.8 SOL, valued at $37.36 million, with an average cost of $135.2, and an unrealized loss of $3.42 million. Despite the loss, they remain optimistic about SOL's future rise and have chosen to add to their position, demonstrating confidence in the market.