Cantor Fitzgerald: Submitting documents to SEC disclosing Solana ETF holdings

[South Korea's Ruling Party Urges Financial Regulators to Accelerate Stablecoin Legislation Process] South Korea's ruling Democratic Party has issued an ultimatum to financial regulators, demanding the acceleration of legislation related to the stablecoin market. The ruling party has notified the Financial Services Commission (FSC) of South Korea to submit a government proposal for stablecoin regulation by December 10, explicitly stating that this is the 'final demand.' Kang Joon-hyun (phonetic translation), a member of the National Assembly and the ruling party secretary of the National Assembly's Financial Services Committee, stated that if the government fails to submit the proposal on time, he will push for legislation through a proposal initiated by committee-level lawmakers. The ruling party plans to introduce the bill during the current regular session of the National Assembly and aims to pass it by January next year.

['ZEC&MON Largest Bear' Takes Partial Profit on ZEC Short Positions, Earning Over $5 Million] The 'ZEC&MON Largest Bear' has been continuously closing ZEC short positions for profit since December 1, when the positions turned from loss to profit. The position size has decreased from $23.21 million to $9.88 million, recording a profit of over $5 million. Currently, there is still an unrealized profit of $2.43 million (125%), with weekly profits reaching $15.33 million. This address opened ZEC short positions on October 10 at an opening price of approximately $184, later averaging down to $419 through additional positions. On October 17, it had an unrealized loss of $21 million. In addition, this address is also shorting ETH, ZEC, MON, and HYPE, with the main profits coming from ETH short positions, which have an unrealized profit of $9.52 million (643%) and a position size of approximately $22.16 million at an average price of $4,014. Its recently opened 3x leveraged MON short position has a position size of approximately $6.14 million, with an unrealized profit of $1.82 million (89%), and it remains the largest bear on ZEC and MON on Hyperliquid.

[Franklin Templeton XRP Spot ETF Holdings Exceed $100 Million] Franklin Templeton updated the XRP Spot ETF holdings data. As of December 1, the XRP holdings amounted to 53,219,913.35 tokens, with a market value of $107 million. The total net asset size is $78.67 million, and the number of outstanding shares is 3.15 million.

On December 2, monitoring data showed that 'Machi' continuously added to ETH long positions within the past 2 hours. As of press time, its 25x leveraged ETH long position has risen to $8.8 million, with a holding of 3,138.88 ETH and a liquidation price of $2,721. Last night, after 'Machi' had its long position liquidated during the downturn, it deposited $250,000 into Hyperliquid and continued to add to ETH long positions.

[Swedish Central Bank: Global Stablecoin Market Reaches $272 Billion, 99% Pegged to USD] A report by the Swedish Central Bank shows that the global stablecoin market has grown from $4 billion at the beginning of 2020 to $272 billion by October 2025, with approximately 99% pegged to the US dollar. The application of stablecoins has expanded from crypto trading to areas such as decentralized finance and cross-border payments. The EU, through the MiCA regulation, requires stablecoins to be fully asset-backed and redeemable on demand, while the U.S., through the GENIUS Act passed in July 2025, allows for a more flexible structure of supporting assets. The Swedish Central Bank pointed out that stablecoins may pose challenges such as dollarization, financial stability risks, and run pressures, while also having the potential to improve payment efficiency. It is currently studying whether to allow issuers to access the central bank settlement system and use central bank reserves.