The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

On December 12, Firedancer—the Solana independent validator client developed by Jump Crypto—announced its official launch on the Solana mainnet after three years of development. Per official sources, the client has run stably on a handful of validator nodes for 100 days and successfully produced 50,000 blocks.

December 12th — Jun, Co-Founder of Solana ecosystem DEX Bulk, spoke at the Solana Breakpoint Conference: “As a liquidity provider, when we traded across spot and perpetual markets on various platforms, we quickly recognized Solana is currently the best ecosystem to build on. It’s not just home to an exceptional team, but also boasts the highest net asset inflows, most diverse community, and robust product lineup. However, it has long lacked a truly professional trading experience, and the problem ultimately boils down to three key areas: latency, a robust risk engine, and user experience. We’re here to solve that problem.”

On December 12, Backpack founder Armani Ferrante told attendees at the Solana Breakpoint conference that Solana is currently the only network capable of decentralized execution at scale. Over the past few years, developers have explored a vast design space to solve scalability issues. Back in 2017 and 2018, hundreds of projects raised billions—even tens of billions—of dollars in funding. But as far as he knows, Solana is the only one that has truly delivered on this at scale.

December 12th Per Fortune magazine, Donald Trump Jr. publicly stated at this year’s Las Vegas Bitcoin conference that “crypto has become a core part of our business.” Behind the comment lies a clear wealth shift: his net worth has surged from roughly $50 million in 2024 to about $300 million, driven primarily by a series of crypto asset ventures. Key sources of his wealth growth include: - Crypto-related: World Liberty Financial (WLFI), WLFI’s stablecoin business, unlocked World Liberty tokens, and equity in an American Bitcoin mining firm. Non-crypto gains have also boosted his net worth: - 2 million shares in SPAC New America Acquisition I Corp jumped over $20 million in value overnight last week after the stock topped $10. - He holds roughly $10 million in stock from various politically affiliated companies. - Two properties (in Jupiter, New York, and Florida) each gained about $500,000 in value over the past year, with a combined valuation of $12 million. - An app

**December 12** At the Solana Breakpoint Conference, Ben—a core member of HumidiFi, a dark pool decentralized exchange (DEX)—stated: “On the path to global transformation, Solana has achieved near-zero-cost, high-throughput settlement with tens of thousands of transactions per second. Anyone worldwide can access it via a new seat-based permission and membership system, entering a fully open, permissionless, Wall Street-grade, programmable global market.” He added that HumidiFi, the DEX his team recently built, offers tighter bid/ask spreads than Binance, with an average execution price delta of just a few basis points. “What’s key to note: this system is completely reshaping retail finance. Retail investors now get better spreads than any traditional brokerage—averaging down to a few basis points.” “Currently, this system accounts for 60% of all on-chain trading volume,” Ben said. “And we’re just getting started.”

On December 12th, Solana co-founder Raj Gokal told attendees at the Solana Breakpoint Conference: “Among the 20 companies that recently hit $100 million in revenue, most operate in the crypto sector—and the majority of those firms are built on Solana. That’s always been our original goal.” To reach this milestone, I believe it takes the “entropy” from thousands of entrepreneurs—those constantly exploring every possible value proposition in the blockchain ecosystem. And Solana, I’d argue, now has that kind of ecosystem momentum: events like the “Colosseum” hackathons keep scaling, drawing over 1,700 teams per edition.