Coinedition

XRPL network stability enhanced through Rippled 2.3.0 update after node disruptions. Caching layer bug identified as cause of missing ledger and network transaction halt. RippleX to release a detailed root cause analysis after December 12 to mitigate risks.

David Schwartz has refuted Justin Bons’ XRP centralization allegation. Schwartz accused Bons of focusing on irrelevant matters. The Ripple CTO says the validators’ influence on XRP is limited.

Coinbase CEO Brian Armstrong has cut ties with law firm Milbank. Milbank hired SEC’s Enforcement Division’s Director Gurbir Grewal. Armstrong asked crypto firms to not hire seniors at SEC.

President-elect Trump’s pick to replace SEC Chair Gary Gensler may be announced on Wednesday, December 4. Pro-crypto candidates, including Paul Atkins and Dan Gallagher, are leading contenders for the role. The crypto industry expects clearer regulation under the new SEC leadership.

Bitcoin long-term holders reduced balances by 9.8 percent, less severe than previous cycles. Short-term holders spike during price peaks while long-term holders show consistent resilience. Exchange outflows increase during rallies and inflows rise during bearish market corrections.