On 12 December 2025, Hex Trust announced a wrapped version of XRP designed to operate across multiple blockchains, initially launching on Solana. The new wXRP token is fully backed by native XRP held in regulated, audited custody and connects via LayerZero's OFT standard to support cross-chain DeFi use cases. The rollout begins with more than $100 million in total value locked, creating new liquidity routes and trading pairs with Ripple's RLUSD stablecoin as the XRP Ledger upgrades to v3.0.0.

On Dec. 12, 2025, a U.S. court confirmed a 15-year federal prison sentence for Terra founder Do Kwon after a hearing that featured victim testimonies. Earlier this year, he pleaded guilty, narrowing a nine-count indictment to two fraud charges, while prosecutors had recommended 12 years. The judge also addressed potential transfer to South Korea and limited credit for time Kwon spent in custody in Montenegro.

On 11 December 2025, XRP came under renewed selling pressure as activity on the XRP Ledger and in derivatives markets weakened. Network fee revenue has fallen back to levels last seen in December 2020, while futures open interest has dropped by nearly 60% and funding rates have moved toward neutral. Analysts warn that with a bearish chart pattern forming and demand fading both on-chain and in futures, XRP could be vulnerable to a deeper corrective move.

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.

ETH briefly fell near $3,150 before rebounding toward $3,190 on Thursday. On December 10, U.S. Ethereum ETFs saw $56.5 million in inflows. $177 million in liquidations did not crack key supports. Analysts highlight buy walls around $3,150 and $2,800 and note ETH/BTC reclaiming the 20‑day moving average.

On 11 December 2025, Klarna began a research collaboration with Privy to explore how a consumer-focused crypto wallet could fit into its long-term financial ecosystem. The Swedish fintech, valued at just over $12 billion, is examining wallet infrastructure and user experience after launching its KlarnaUSD stablecoin with Tempo and Bridge. At the same time, Klarna is expanding Apple Pay support, membership tiers and international retail and travel partnerships to broaden its payments footprint.

On 11 December 2025, State Street Investment Management, Galaxy Asset Management and Ondo Finance introduced SWEEP, an onchain cash-sweep fund designed to settle in PYUSD. The first deployment is planned for Solana in early 2026, with Ondo seeding $200 million, according to the partners. Stellar and Ethereum are slated next, with CCIP enabling cross-chain movement.

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.

On 11 December 2025, analytics firm Santiment reported that Chainlink ranks first in developer activity among real-world asset blockchains, with a score above 280 and a market value close to $10 billion. Hedera, Avalanche, Stellar, IOTA and other networks follow in a largely unchanged order, even as most RWA-linked tokens, including VeChain, have recently posted negative price performance.