On December 19, 2025, silver reached a record $69.6/oz, rising 2.3% intraday and securing an 8.1% weekly advance after touching $67.20 earlier. Gold climbed to $4,346.69/oz, with futures at $4,380, while softer inflation and a weaker labor report bolstered rate‑cut hopes. U.S. equities rose, led by Oracle’s 8% jump tied to a planned TikTok U.S. venture.

Crypto hedge funds are on track for their weakest year since 2022. Directional managers finished November down 2.5%, while altcoin‑focused portfolios fell about 23%. An Oct. 10 liquidation wave erased nearly $20 billion after a 100% tariff pledge on Chinese goods drove Bitcoin down 14% within hours, and institutional flows compressed arbitrage spreads.

Federal Reserve governor Chris Waller said that after his Oval Office interview with President Donald Trump for the Fed chair role, he walked out convinced he would not be selected. Trump is continuing to meet other candidates, including Rick Rieder, Kevin Hassett and Kevin Warsh, while Waller has publicly argued rates could be cut by 50–100 basis points amid weakening job growth. Trump has stated he wants a chair who believes in much lower interest rates and is willing to engage with him directly on economic policy.

In November 2025, Northern Data agreed to sell its bitcoin mining unit Peak Mining for up to $200 million to three companies controlled by Tether executives Giancarlo Devasini and Paolo Ardoino. The transaction followed an earlier uncompleted $235 million sale attempt and came shortly before a separate $767 million deal in which Rumble, backed by Tether, announced plans to acquire Northern Data.

On December 18, 2025, Wall Street economists questioned the reliability of November's CPI after a six‑week government shutdown curtailed data collection. According to Cryptopolitan, headline inflation was 2.7% versus a 3.1% forecast, with core at 2.6% against 3.0%, figures the BLS compiled with extensive imputation. Markets initially reacted but the moves faded.

On December 18 2025, Trump Media and TAE Technologies announced an all‑stock merger valued at more than $6 billion, with each company expected to hold about 50% of the combined entity once the deal closes in mid‑2026. The partners plan to begin constructing a 50 megawatt fusion power plant in 2026, while Trump Media commits up to $300 million in cash to support TAE's fusion development.

Bitcoin reclaimed $90,121 after a previous touch of the same level 15 hours earlier was followed by a drop to $85,000. About $60 million in short positions were liquidated in 30 minutes, and data across Binance, Gate, Bybit, Hyperliquid, and OKX show short-liquidation dominance between 63% and 95% amid heightened intraday swings.

RRP Semiconductor surged 55,000% over twenty months and reached a valuation of $1.78 billion as of press time. The stock hit a high on Nov. 7, then fell 6% after SEBI began reviewing the rally and the exchange shifted trading to once a week. A tiny float, 149 straight limit-up sessions, and social buzz drove the move despite negative revenue and minimal operations.

On the night of December 17, 2025, Coinbase activated live U.S. stock trading in its app, allowing users to purchase American equities using USDC. The company is also rolling out futures, perpetuals, prediction markets, and a tokenization stack for institutions, positioning the platform as a hub for traditional assets, derivatives, and on-chain products.