Upbit Shifts Nearly All Assets to Cold Storage as Exchange Responds to Security Concerns

The recent post from Solana's official X account, referencing the number '589', has sparked speculation about a potential integration or partnership with the XRP ecosystem, prompting reactions from community figures like Cobb who suggested that Ripple may have secured a significant deal with Solana.

State Street and Galaxy are set to launch a tokenized liquidity fund on the Solana blockchain in 2026, utilizing PYUSD as its currency. This initiative marks a significant step in the integration of traditional finance with cryptocurrency, reflecting growing institutional interest in blockchain technology.

Solana's market structure is experiencing heightened stress as liquidity levels drop to cycle lows, leading to increased volatility and elevated leverage. Recent price movements have seen Solana fluctuating between $128 and $145, with analysts observing that these conditions often precede significant market turning points.

The Solana network has experienced a significant decline in its validator count, dropping over 68% from approximately 2,500 to around 800 active nodes in three years. This reduction has raised concerns about the network's health and security, especially following a report indicating a continuous loss of validators since March 2023.

On December 10, 2025, Bitcoin, Ether, Solana, and XRP exchange-traded funds (ETFs) experienced significant inflows, marking an all-green day for these cryptocurrencies. This surge in investment reflects a growing confidence in the cryptocurrency market, with XRP notably receiving over $1 billion in institutional support, as highlighted by Ripple CEO Brad Garlinghouse.

Superstate has launched Direct Stock Issuance Programs for SEC-registered public companies on the Ethereum and Solana blockchains, allowing these companies to raise capital through stablecoin payments and instant issuance of tokenized shares. This initiative aims to streamline the fundraising process for public companies in the cryptocurrency space.

Superstate has launched Direct Issuance Programs that enable SEC-registered public companies to raise capital on the Ethereum and Solana blockchains, allowing for stablecoin payments and instant issuance of tokenized shares. This initiative marks a significant step in integrating traditional finance with blockchain technology.

Bitwise has launched the Bitwise 10 Crypto Index ETF (BITW) on the New York Stock Exchange, enabling investors to gain exposure to a diverse portfolio of ten cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and XRP. This marks a significant step in making cryptocurrency investments more accessible through a regulated exchange.