Bitcoin dropped under $90,000 as overall crypto market capitalization moved toward $1.786 trillion amid weakening activity and fragile momentum. On December 10, spot Bitcoin ETF inflows reached $223.5 million, largely into BlackRock's IBIT, while GBTC saw outflows and other funds attracted limited interest, according to analysts. Whale positioning turned defensive, and more than $170 million in BTC long positions were liquidated in a single day.

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 11 December 2025, Coinbase Institutional said the crypto market’s reset after October and November could set up a year-end rebound. Its internal leverage indicator fell from double-digit levels to roughly 4%. ETF outflows and lower futures open interest are framed as risk compression rather than investor exit.

On 10 December 2025, Bitcoin climbed back toward $94,000 in mid‑week trading after the U.S. Federal Reserve cut rates by 0.25%. The advance came after a volatile November and early December. Derivatives data showed over $63 million in liquidations, and technical indicators including RSI and MACD pointed to improving momentum. Bitcoin's market capitalization hovered near $1.87 trillion, backed by 24‑hour trading volume above $63 billion.

According to the article, France’s AMF has updated its complex-instruments framework to allow crypto-indexed ETNs for retail buyers without the previous heavy warning labels. More than €2.5 billion has flowed into European crypto notes this year, and CoinShares has attracted over $1 billion. Nordea plans to list a Bitcoin ETN in December.

On 10 December 2025, JPMorgan said Bitcoin’s pullback from record levels, including last month’s drop to around $81,000, is a cooling of an overheated rally rather than the start of a new crypto winter. The bank cited a market capitalization decline of more than 20% alongside 17 consecutive months of increasing stablecoin settlement volumes as evidence that underlying activity remains resilient. Standard Chartered’s Jeffrey Kendrick also argued this cycle differs from past boom-and-bust episodes because of deeper institutional, structural, and technological development. Bitcoin is trading near $93,000, with technical indicators showing early signs of price stabilization.

New SEC Chair Paul Atkins outlined a sweeping shift in the agency’s approach to digital assets, announcing a new classification framework and an “innovation exemption” safe harbor that could launch as early as January 2025. The reforms mark a clear break from years of enforcement-heavy oversight and will unfold alongside a still-pending crypto bill in Congress that will redefine SEC–CFTC jurisdiction.

Circle obtained authorization from Abu Dhabi Global Market to run USDC-related money services on 9 December 2025. The company appointed former Visa executive Saeeda Jaffar to lead growth across the Middle East and Africa. Abu Dhabi continues licensing firms including Tether, Ripple, Binance and Bybit.

On 9 December 2025, 21Shares lowered the planned fee on its spot XRP ETF to 0.30% as it readies listing on CBOE's BZX platform under the ticker TOXR. The product has received technical approval for listing but has not yet begun trading. Spot XRP ETFs are approaching $1 billion in assets amid active fee competition among issuers.