Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

Franklin Templeton has officially updated its XRP spot ETF holdings data as of December 2. As of December 1, the firm’s XRP holdings total 53,219,913.35 tokens, with a market value of $107,079,530.05. Additionally, the ETF’s total net asset value (NAV) is $78.67 million, and it has 3,150,000 outstanding shares currently.

On December 2nd, an article in Caijing Magazine titled *Stablecoins Classified Under Virtual Currency Regulation: Three Core Considerations* quoted Zhao Binghao, Dean of the Institute of Fintech Law at China University of Political Science and Law, as saying the central bank has clearly categorized stablecoins as virtual currency. This definition does not treat stablecoins as "prohibited items" in the criminal law sense; instead, it brings operational, intermediary, and clearing activities related to stablecoins under regulatory oversight. This categorization is a key measure to block the source of "currency substitution" and cross-border arbitrage channels. Current crackdowns on illegal financial activities involving virtual currencies are having a multi-dimensional impact on the domestic stablecoin ecosystem, with its development space set to continue shrinking. This trend has become an industry consensus.

As of December 2, a booming investment culture is taking hold across the U.S. military—turning barracks into a unique "investment club" spanning tech stocks and cryptocurrency. Reports suggest the trend is reshaping service members’ finances: Military base parking lots now boast more Porsches and Hummers, while uniformed social media influencers share get-rich tips with followers. But the phenomenon carries major market risks—outsiders are raising alarms over some soldiers’ high-leverage, concentrated holdings and their financial stability in a downturn. The piece spotlights the high-risk nature of service members’ investing via key cases. Coast Guard Petty Officer Third Class Bryson Saunders is a prime example: He dived into markets after a comrade bragged about Dogecoin profits, then poured money into Bitcoin and meme stocks like GameStop, admitting, "I was trying to punch my ticket." Navy Lieutenant Zach Rodriguez—while deployed on an aircraft carrier in the Pacific—followe

On December 2nd, per Hyperinsight data, the entity nicknamed "Big Brother" has been ramping up its ETH long positions for nearly two hours. As of press time, its 25x leveraged ETH long position totals $8.8 million, holding 3,138.88 ETH with a liquidation price of $2,721. During last night’s market drop, "Big Brother" was hit with another long position liquidation. Following that, it added an extra $250k to its Hyperliquid account and resumed increasing its ETH long positions.

**Coinbase Institutional Adds Six Assets to COIN50 Index in Q4** On December 2, Coinbase Institutional announced it has added six digital assets to the Coinbase 50 Index (COIN50) for the fourth quarter (Q4). The new additions are: Hedera (HBAR), Mantle (MANTLE), VeChain (VET), Flare (FLR), Sei (SEI), and Immutable (IMX). COIN50 is a benchmark index tracking the performance of the top 50 digital assets listed on Coinbase that meet specific eligibility criteria.

On December 2nd, market data from GMGN (via https://t.me/gmgnaibot?start=i_m4TE56o8) shows a notable rebound among older meme coins in the Solana ecosystem, including: - **ZEREBRO**: Up over 35% in a single day, with a 24-hour trading volume of $37.1 million; - **JELLYJELLY**: Up over 25% in a single day, with a 24-hour trading volume of $69.95 million; - **FARTCOIN**: Up over 16% in a single day, with a 24-hour trading volume of $2.67 billion. BlockBeats advises users that meme coin prices are highly volatile, and investors should exercise caution.