On December 10, 2025, Nvidia's H200 chips received clearance for export to China following a statement by U.S. President Donald Trump, prompting ByteDance and Alibaba to approach Nvidia about bulk supplies. Both companies signaled they are ready to place large orders if Chinese regulators approve imports, according to Reuters. However, tight production, uncertain schedules and limited output could constrain near-term availability even if Beijing gives the green light.

As of December 10, 2025, MicroStrategy’s shares are down 60% year-to-date, wiping out $73 billion in market value. Fifteen of 19 Wall Street analysts still recommend buying the stock. Their median price target is $485, implying about 150% upside from a recent close at $189. Those bullish calls hinge on expectations of a strong Bitcoin rebound by the end of 2026, even as the stock’s valuation premium over its Bitcoin holdings has narrowed amid rising competition.

The Federal Reserve is expected to deliver a 25bps cut today, its third of 2025, setting the federal funds target range at 3.5%–3.75%. Policymakers remain divided, with some warning further easing could reignite inflation while others cite mounting labor‑market risks. Markets have largely priced in the move, and attention is on Jerome Powell’s remarks and the FOMC statement for signals on the likelihood of additional cuts.

In November, Ripple raised $500 million from major Wall Street firms at a $40 billion valuation in a deal linking investor outcomes to the company’s XRP holdings and future exit events. The structure gives investors options to sell shares back to Ripple after three or four years at annual returns of 10% or 25%, and buyback obligations could reach about $732 million. With XRP down from its mid-July peak, Ripple has continued acquisitions and share repurchases while holding off on an IPO.

China recorded a $1.1 trillion trade surplus, with November exports up 5.9% and imports rising 1.9%, producing a $112 billion monthly surplus. Shipments to the U.S. fell 29% in November, while demand from the EU and Africa strengthened. Retail investors piled into chip IPOs, with MetaX and Onmicro oversubscribed roughly 2,986x and 2,899x.

U.S. senators introduced bipartisan legislation Thursday to block export licenses for Nvidia's H200 and Blackwell AI chips to China for 30 months. The Secure and Feasible Exports Chips Act would direct the commerce secretary to deny approvals for these advanced processors, which power large-scale AI models and data centers. The move comes amid White House deliberations on chip export policy and concerns over China's AI development capabilities.

Meta's stock climbed 5.7% in early trading Thursday after reports emerged that CEO Mark Zuckerberg intends to reduce metaverse funding by up to 30%. The cuts will target Horizon Worlds and the Quest VR division. Savings will be redirected toward AI hardware projects, including smart glasses and wearables.

Bitcoin is trading just above its True Market Mean cost basis, with over 25% of circulating supply now underwater. The price structure mirrors conditions seen in early 2022. Net capital inflows remain positive at $8.69 billion monthly but significantly below July's $64.3 billion peak, according to Glassnode data.

Coinbase has launched live pilot programs with JPMorgan, Citigroup, and Bank of America to test stablecoin services, custody solutions, and cryptocurrency trading capabilities. CEO Brian Armstrong announced the trials on December 3, 2025, noting that participating banks view crypto as a core business line rather than an experimental project. The programs cover stablecoin operations, digital asset custody, and crypto trading infrastructure within the banks' regulated frameworks.