On December 12 2025, the 9th U.S. Circuit Court of Appeals issued a mixed decision on Apple's appeal of a contempt order in its App Store dispute with Epic Games, upholding key findings against the company while granting limited relief. The court affirmed that Apple violated a prior injunction by imposing a 27% fee on certain external transactions, and asked the trial judge to reassess what commission Apple can charge developers for use of its intellectual property. Around the same time, Epic's Fortnite was reinstated to the U.S. Google Play Store after a separate settlement and injunction reshaped Google's in-app payment rules.

On December 11, 2025, former Movement Labs co-founder Rushi Manche launched Nyx Group, a multi-strategy investment vehicle committing up to $100 million to support blockchain founders issuing new tokens. The firm plans to deploy capital into liquid markets and provide operational guidance, but will back only founders it personally knows and trusts. Manche’s return to the industry follows his removal from Movement Labs after a $38 million MOVE token market manipulation scandal and Coinbase’s subsequent delisting of the token.

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.

Nine major U.S. banks kept policies in place from 2020 to 2023 that limited access to services for certain customers, in the first formal findings of an OCC review. The affected sectors include firearms, oil and gas, private prisons and digital assets, according to the OCC. The banks say the decisions reflect risk management and are calling for clearer regulatory guidance.

Intel Corp., Advanced Micro Devices Inc., and Texas Instruments Inc. face five class-action suits in a Texas state court, Bloomberg reported. The filings claim their chips ended up in Russian weapons used in attacks between 2023 and 2025, and also name Mouser Electronics linked to Berkshire. Intel and AMD shares have shown limited reaction.

On December 10, 2025, Binance co-CEO Yi He said she would personally compensate users who lost funds buying the Mubarakah memecoin promoted via her compromised WeChat account. The profile was hijacked on December 9, 2025, and on-chain data later indicated the attackers made roughly $55,000 in profit, according to Lookonchain. The BNB airdrop will target users who traded Mubarakah through Binance Web3 Wallet and Alpha.

On December 9, 2025, Strive, Inc., co-founded by Vivek Ramaswamy, filed to sell up to $500 million of Variable Rate Series A Perpetual Preferred Stock to build its Bitcoin reserves and fund broader corporate needs. The company held 7,525 BTC as of early November 2025 following a reverse merger with Semler Scientific and subsequent acquisitions. It plans to allocate proceeds across Bitcoin and bitcoin-related products, income-generating assets, capital expenditures, and potential debt repayment or acquisitions.

As of December 9, 2025, the European Commission has fined X £120 million ($140 million) for violating the Digital Services Act after a two-year investigation, according to the Commission. Elon Musk has responded to the ruling, while U.S. officials Marco Rubio and JD Vance have criticized the decision. EU regulators cited issues with the design of blue checkmarks, transparency in X's advertising repository, and access to public data for researchers.

The Bitcoin Policy Institute is calling for 529 college savings plans to be allowed to hold Bitcoin as a way to confront rising tuition costs, inflation, and limited investment menus. Its modeling suggests that small 1–2% BTC allocations can enhance compound returns and Sharpe ratios without materially increasing risk, according to BPI. In Indiana, House Bill 1042 was filed on December 4 to require publicly managed retirement programs to offer Bitcoin-related investment options.