The Kingdom of Bhutan has launched TER, a gold-backed cryptocurrency issued on the Solana blockchain and distributed by DK Bank, where each token is tied to a fixed quantity of physical gold held in institutional custody. The structure is intended to provide a regulated way for investors to gain digital exposure to gold while retaining traditional asset backing. TER is part of Bhutan's broader blockchain strategy, which includes Bitcoin reserves, planned holdings of Ethereum and Binance Coin, and a national digital identity system on Ethereum, according to the project details.

On 11 December 2025, Coinbase is introducing in-app access to Solana-based decentralized exchange liquidity, allowing users to fund swaps with USDC or standard payment methods without passing through its custodial infrastructure. The rollout advances a hybrid model in which Coinbase’s app provides the interface while trades settle on chain, with token coverage to be expanded gradually following the initial listings.

On December 11, 2025, Ripple-linked wallets executed coordinated XRP transfers totaling $1,550,694,217 in identical 100 million XRP tranches, according to data highlighted by Whale Alert and community tracker XRPWallets. Older Ripple-controlled addresses funded newly created wallets, with some senders drained to zero. XRP’s price hovered around $2, and trading volume was muted with limited market reaction.

Pump.fun has spent $205 million buying back 13.86% of the PUMP token supply over the past five months—one of the largest buyback programs in Solana’s ecosystem—yet the token has fallen 55% to a three-month low as derivatives interest collapses and meme-token momentum fades.

On December 10, the Federal Reserve implemented its third 25 bps rate cut, briefly lifting cryptocurrency prices. Ethereum sentiment flipped as ETH pushed toward $3,433 before sliding back near $3,170, according to Santiment. On December 11, Greeks.live said the Fed’s initial T‑bill purchase plan is about $40 billion, and options markets are positioned cautiously with puts trading at a premium.

On December 11, 2025, Gemini said it added RLUSD support on the XRP Ledger. The update enables RLUSD deposits on XRPL and withdrawals on XRPL or Ethereum, with staking up to 4% APY and near-instant settlement. Mastercard and WebBank will use RLUSD to settle transactions on the Gemini Credit Card. XRP fell from $2.17 to $2.02 over 48 hours.

Ethereum-focused treasury firm BitMine reportedly purchased $112 million worth of ETH this week, as chairman Tom Lee reiterated his view that Ethereum has already bottomed at $2,500. The firm’s continued accumulation comes amid broader macro uncertainty following the Fed’s latest rate cut, which pressured crypto prices despite equity gains.

Bhutan will launch TER, a sovereign gold-backed token issued on the Solana blockchain, on December 17, 2025, positioning the nation as one of the first to tokenize government-regulated gold reserves. Distributed through DK Bank and unveiled via the Gelephu Mindfulness City initiative, TER gives global investors compliant, on-chain access to audited, sovereign-overseen physical gold.