Over the past two months, Cardano’s ADA has trended lower in price even as large holders steadily increase their positions and smaller retail wallets cut exposure. On-chain data since 1 November shows wallets holding 100,000–100 million ADA adding 26,770 ADA, while wallets with less than 100 ADA sold 44,751 ADA, creating a divergence that could precede a longer-term shift once broader market conditions stabilise.

Stablecoin issuer Tether has submitted a binding all-cash proposal to acquire Exor's 65.4% shareholding in Juventus Football Club, with plans for a subsequent tender offer to remaining investors at the same price. The bid is backed by Tether's large reserve portfolio and includes a commitment to invest €1 billion in the club's long-term development, potentially making it the first stablecoin firm to control a major European football institution if regulators approve.

Ripple received conditional approval from the OCC to establish Ripple National Trust Bank, with the decision announced on 12 December. The charter places its stablecoin RLUSD under dual federal–state oversight, alongside OCC supervision and NYDFS obligations, while CoinMarketCap shows RLUSD at a $0.9999 peg and 1.02 billion in circulation.

On Thursday in a Manhattan federal court, Terraform Labs co‑founder Do Kwon was sentenced to 15 years in U.S. prison after pleading guilty in August to conspiracy tied to the $40 billion TerraUSD/LUNA collapse. The judge exceeded prosecutors' 12‑year request and ordered forfeiture of more than $19 million. LUNA spiked from about $0.08 to above $0.24 before retreating toward $0.17.

Memecoin dominance in the altcoin market fell from above 0.11 in late 2024 to around 0.04 in 2025, matching lows last seen in 2022, according to CryptoQuant and CoinGecko. Dog-themed, Solana-based and AI-focused tokens have all reversed from their late-2024 and early-2025 peaks. The synchronized declines point to a broad retreat in speculative retail activity rather than a brief cooldown.

In 2025, stablecoin transfer volumes climbed above $4 trillion while illicit flows tied to these assets fell by about 60% year over year, according to TRM Labs' Crypto Adoption and Stablecoin Usage Report. Stricter enforcement and the rise of regulated issuers are helping curb misuse. Surging retail participation is pushing stablecoins toward mainstream use in everyday payments and savings.

Unrealized losses across crypto have climbed to roughly $350 billion, with Bitcoin around $85 billion, as multiple liquidity gauges weaken, according to Glassnode. Stress is rising, but unrealized profits remain in the hundreds of billions. Long‑term holders still show substantial gains, pointing to a mixed backdrop rather than broad net losses.

J.P. Morgan has executed one of the first U.S. commercial paper issuances on a public blockchain, using the Solana network for the transaction. The bank structured the deal for Galaxy Digital Holdings LP, with both issuance and redemption settled in USDC. Coinbase and Franklin Templeton participated as buyers of the tokenized security on-chain, according to the bank.

On 10 December, cryptocurrencies edged higher after the Federal Reserve cut rates by 25 basis points. Bitcoin traded near $92,297 and Ethereum closed around $3,335. Total market capitalization recovered toward $3.26 trillion, while altcoins’ market cap approached $1.46 trillion.