Binance has introduced an Indication of Interest feature for spot and loan trading via its OTC and execution services platform, aimed at VIP and institutional clients handling large orders. The tool lets users privately signal buy, sell, borrow, or lend interest on block-size trades of at least $200,000 to improve liquidity discovery and reduce execution risk. By shifting large flows off the public order book toward traditional-style workflows, it may also shape transparency debates and regulatory scrutiny in crypto markets.

On 11 December 2025, Galaxy Digital CEO Mike Novogratz told attendees at Solana Breakpoint that crypto is moving into a phase where real-world, user-focused applications will determine which projects endure. He said clearer regulation now allows developers to focus on mainstream adoption and highlighted Solana as a platform for capital-market infrastructure. Novogratz reiterated his long-term optimism on Bitcoin despite 2024's volatility and cited a $9 billion Bitcoin sale by a Galaxy client as an example of early investors locking in gains. He also pointed to discussions at Abu Dhabi Finance Week as further evidence of accelerating institutional engagement with blockchain.

Unrealized losses across crypto have climbed to roughly $350 billion, with Bitcoin around $85 billion, as multiple liquidity gauges weaken, according to Glassnode. Stress is rising, but unrealized profits remain in the hundreds of billions. Long‑term holders still show substantial gains, pointing to a mixed backdrop rather than broad net losses.

21Shares listed an XRP exchange-traded fund on CBOE under the ticker TOXR. The fund tracks XRP, the fourth-largest cryptocurrency by market capitalization. Coinbase, Anchorage Digital Bank and BitGo will serve as custodians. Other providers including Grayscale, Canary Capital and REX Shares have launched similar products in recent weeks.

Broadcom is set to report quarterly earnings on Thursday after the close, following a fiscal fourth quarter that ended on October 31. The stock has climbed more than 180% since April 4 and now trades at about 42 times forward earnings versus a 10-year average of 17. Analysts expect earnings per share of $1.87 and roughly $17.5 billion in revenue, with the AI business projected to generate about $6.2 billion. That AI contribution would represent growth of around 68% year over year, according to analyst forecasts.

On 11 December 2025, Belarus restricted access to several major crypto exchanges under an order from the Ministry of Information that was logged in the BelGIE registry. Users reported ISP-level blocks affecting Bybit, Bitget and OKX, while KuCoin and MEXC briefly became accessible again and Binance stayed online. Local media warned that using VPNs to bypass country-level restrictions could prompt exchanges to freeze accounts.

The New York Stock Exchange unveiled Italian artist Valentina Picozzi’s Satoshi Nakamoto sculpture on its trading floor, with placement by Twenty One Capital. The timing coincides with the December 10, 2008 anniversary of the original Bitcoin mailing list post. XXI holds 43,514 BTC and closed at $11.96, up 4.7%.

On December 11, 2025, investor Michael Burry criticized the US Federal Reserve’s plan to purchase $40 billion in Treasury bills monthly, arguing it signals a banking system increasingly reliant on central bank support. He highlighted bank reserves rising from about $45 billion in 2007 to more than $3 trillion and warned this could lead to permanent balance sheet expansion or effective nationalization of the $40 trillion US debt market. Burry advised avoiding bank stocks and favoring Treasury Money Market Funds for amounts above the $250,000 FDIC limit, while broader markets rallied and Bitcoin fell more than 2%.