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This report rounds up the major developments in the blockchain industry from December 2nd to December 6th. XRP's market cap surged 380%, surpassing USDT to become the third-largest cryptocurrency, while WisdomTree filed an XRP ETF application, promoting financial product innovation. The Bitcoin community showed division over the CTV proposal, highlighting challenges in decentralized governance. Wormhole launched its W token staking program and plans to introduce multi-chain governance, while Tether minted 1 billion USDT, bringing the total circulation to 72.9 billion tokens. These developments demonstrate the continued potential of blockchain technology in finance and governance.

Gate Research Weekly Report: Bitcoin saw an upward trend this week, rising 8.39% to $100,550, breaking through $100,000 to reach a new all-time high. Support levels should be monitored for potential pullbacks. Over the past 7 days, ETH price increased by 6.16% to $3,852.58, currently in an upward channel with key breakthrough levels to watch. Grayscale has applied to convert its Solana Trust into a spot ETF. Bitcoin's new ATH coincided with surging Coinbase premiums, indicating strong buying power from U.S. market participants. Multiple projects secured funding this week across various sectors including infrastructure, totaling $103 million.