Stocks

Coinbase plans to unveil a prediction market and an in-house tokenized equities product at a Dec. 17 showcase. The sector has seen rapid growth, with Kalshi and Polymarket's combined monthly volume hitting $7.7 billion in November, and Gemini and Crypto.com outlining new initiatives. Coinbase shares closed down 2.2% at $269.02 on Thursday.

BitcoinTreasuries.Net reported that, since November, corporate Bitcoin treasuries have faced sizeable unrealized losses. In a sample of 100 firms, 65% bought BTC above current market prices, leading some companies to sell part of their holdings. The report anticipates about 40,000 BTC added to public company balance sheets in Q4 2025, a tally below each of the previous four quarters.

Coinbase is preparing to introduce prediction markets and its own line of tokenized U.S. equities, with a formal unveiling scheduled for December 17. The exchange plans to issue these tokenized stocks directly rather than via partners, expanding its roadmap as on‑chain stock trading and event‑based markets gain traction.

Coinbase plans to roll out prediction markets and tokenized equities on December 17, according to a person familiar with the matter. The offering will include tokenized stocks issued in-house, rather than through external partners, the person said. A company spokesperson declined to provide details and directed users to a December 17 livestream for further information. The launch is part of Coinbase's broader effort to bundle multiple markets on a single platform.

The CBOE BZX Exchange has approved the listing of the 21Shares XRP ETF (TOXR), which charges a 0.3% annual sponsor fee. At press time, XRP was trading at $2.01 after a 2.44% daily decline as trading desks awaited remaining SEC steps for the fund’s launch, bringing the number of U.S. spot XRP funds on the market to five.

On December 11, 2025, at its first Autonomy and AI Day, Rivian unveiled a custom autonomy AI chip, a new vehicle computer, and in‑house models. RIVN fell over 4% intraday and closed down as much as 9%. Nvidia ended 2% lower. Autonomy+ is slated for early 2026 at $2,500 upfront or $49.99 per month.

On December 11, 2025, MiniMax and Zhipu said they are preparing Hong Kong IPOs, aiming to list in early 2026. MiniMax could raise hundreds of millions, while Zhipu is targeting about $300 million, according to people familiar with the matter. Both Alibaba- and Tencent-backed companies still need CSRC approval after the exchange’s review.

The SEC approved 21Shares’ new XRP exchange-traded fund under ticker TOXR, according to U.Today. It will list on CBOE with a 0.30% fee. On December 11, 2025, 21shares US said the ETF is live and outlined four reasons XRP matters. The segment has seen $954.33 million in inflows, while rival XRPC reports $352.02 million in assets.

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.