XRP has come under heavy selling from large holders ahead of the Dec. 11 FOMC decision, with nearly $600 million offloaded since Dec. 5 and more than $100 million sold on top of that since Dec. 7, according to Santiment. The token has repeatedly stalled near the $2 level even as 24-hour trading volumes climbed 60% to almost $4 billion. A sustained move above $2.20, alongside improving momentum indicators, would strengthen the case for a recovery.

Several tokens launched in Q1, including TRUMP, MELANIA, Layer, Plume, GoPlus Security, and Bubblemaps, have fallen 86%–99% from their issue prices as circulating supply surged, according to Tokenomist. In most cases, freely trading float roughly doubled within three months, intensifying selling pressure while capital rotated into Bitcoin, Ethereum, and real world asset tokens.

Bitcoin’s market structure has shifted in recent weeks as selling pressure eased and deposits to centralized exchanges fell ahead of a Federal Reserve policy decision. After briefly dipping to $80,000 on November 21, Bitcoin climbed to a one-month high of $94,000 alongside a 76% slide in BTC inflows to exchanges and lighter activity from large holders, according to CryptoQuant. If subdued selling persists, resistance levels near $99,000, $102,000 and $112,000 could come into focus.

Invesco Galaxy filed a Form 8-A with the SEC for its QSOL Solana ETF, signaling readiness to list on the Cboe BZX Exchange, according to the filing. The trust was seeded with 4,000 shares worth $100,000. SOL traded near $136 after a >4% daily drop, with analysts tracking a multi-week range between $124 and $145.

At a Tuesday policy summit, Rep. Max Miller said he expects a comprehensive U.S. crypto tax bill to advance before the August 2026 congressional recess, after circulating a draft among House Ways and Means Committee members. He and Rep. Steven Horsford are developing provisions to simplify reporting, consider small-transaction relief, and align new exchange reporting rules with forthcoming IRS requirements and international standards such as CARF. The IRS has increased warning letters to investors. Centralized exchanges are due to begin issuing 1099-DA forms on January 1, 2026.

Risk sentiment improved as the Fear and Greed Index rose to 30 after weeks stuck in the low twenties. Bitcoin is trading near $92,000 after late‑November volatility, while Ethereum is around $3,330, roughly 7% higher over the past 24 hours. Monero has climbed about 12% and Mantle is up around 7%, pointing to selective altcoin strength even as broader caution persists.

On December 10, 2025, Japan's Financial Services Agency proposed moving crypto regulation from the Payment Services Act to the Financial Instruments and Exchange Act to classify digital assets as financial products. The proposal tightens disclosure rules for initial exchange offerings, targets unregistered platforms, and, in a Q&A released this week, cautions that derivatives tied to overseas crypto ETFs are "not desirable," according to the agency. The initiative is being discussed alongside a plan for a flat 20% tax on crypto investment gains.

On December 9, 2025, Strive, Inc., co-founded by Vivek Ramaswamy, filed to sell up to $500 million of Variable Rate Series A Perpetual Preferred Stock to build its Bitcoin reserves and fund broader corporate needs. The company held 7,525 BTC as of early November 2025 following a reverse merger with Semler Scientific and subsequent acquisitions. It plans to allocate proceeds across Bitcoin and bitcoin-related products, income-generating assets, capital expenditures, and potential debt repayment or acquisitions.