BitMine Chairman Tom Lee said on Dec. 12 that Bitcoin treasury firm Strategy's move to build a $1.4B cash reserve is a "wise decision," as it allows the company to keep paying shareholder dividends during Bitcoin price declines without liquidating its $61B Bitcoin holdings, BlockBeats reports. He noted Strategy's shares traded below net asset value during the previous Bitcoin downturn, and the current cash buildup addresses a similar scenario, even though the stock has fallen more than 50% over the past six months. Lee added BitMine, which he described as the largest ETH treasury company with over $12B in Ethereum, has not set up a formal U.S. dollar reserve, but its cash and staking income can likewise help safeguard the firm during weak market conditions.

Ethereum fell below $3,100 on Dec. 12, down 2.1% in 24 hours, HTX data show. BlockBeats reports the breach marks a continued decline for the second-largest cryptocurrency by market capitalization.

ChinaAMC HK launched Asia's first and largest tokenized money market fund on Dec. 12, BlockBeats reports. Denominated in HKD, USD and RMB, the fund tokenizes money market instruments for on-chain stable yields. Built with regulators and OSL, it is native to Solana and will expand from Hong Kong.

Predictive Oncology officially rebranded as Axe Compute and began trading on Nasdaq under ticker AGPU on Dec. 12, BlockBeats reports. Axe Compute will serve as the enterprise-facing commercial partner for Aethir's decentralized GPU network, offering compute services backed by the Aethir Strategic Compute Reserve to meet corporate demand for GPU reservations, dedicated clusters, bare-metal performance, multi-region deployments and SLA-based contracts. Aethir has deployed over 435,000 GPU containers across more than 200 regions in 93 countries, supporting high-end hardware including NVIDIA H100, H200, B200 and B300. The listing marks the first time decentralized GPU infrastructure has entered the mainstream enterprise market through a U.S.-listed company, with Axe Compute serving as the contractual front end while Aethir provides the underlying decentralized compute infrastructure under a U.S. governance framework.

RaveDAO's RAVE token launched on Binance Alpha at 20:00 UTC+8 on Dec. 12, reaching $0.26 with a market cap of $60 million after surging 116.2% from its opening price, BlockBeats reports. Genesis member card participants recorded 250% returns and on-chain trading volume hit $25 million. Spot trading on centralized exchanges is set to begin at 22:00 UTC+8 on Dec. 12.

Ethereum core developers at the 171st ACDC consensus call on December 12 agreed to retain trusted payments in the embedded proposer-builder separation (ePBS) design for the Glamsterdam upgrade while formally dropping the fork-choice enforced inclusion list (FOCIL) feature, according to a summary by Christine Kim. The call noted that the Fusaka upgrade went live on mainnet on December 3 and that a subsequent blob parameter hard fork was successfully activated on December 9, with the network operating stably. Participants also discussed proposals EIP-7688, EIP-8061 and EIP-8080, and outlined plans to begin organizing the Heka upgrade in January 2025, including consideration of renaming it to comply with International Astronomical Union star designation standards.

OKX will automatically provide up to 4.10% annualized yield to users holding USDG in their funding, trading or margin accounts from Dec. 11, 2025 to Jan. 11, 2026 (UTC+8), the exchange announced. Earnings can be viewed in the OKX app (version 6.136.10 or above) under Assets by selecting USDG, and funds remain available for trading during the period. OKX said it plans to expand USDG's use across additional trading and yield scenarios on its platform; USDG is issued by Paxos Digital Singapore Pte. Ltd. and approved by the Monetary Authority of Singapore as a Major Payment Institution for digital payment token services.

On December 12th, at the Abu Dhabi BNB Hackathon, Binance CEO CZ engaged in discussions with DragonVerse founder Natsuki, expressing strong anticipation for the development of on-chain Intellectual Property (IP), specifically welcoming IPs like 'Dragon Ball' to BNB Chain, according to BlockBeats. Following this endorsement, the official BNB Chain account tweeted support, and Nina Rong, Executive Director of Growth at BNB Chain, also responded positively. Subsequently, DragonVerse activated its Dragon Ball IP royalty-driven buyback and dividend system. The project further announced plans to integrate a second series of Dragon Ball-themed IP assets next week, aiming to enhance annualized returns and expand its on-chain universe through additional IP acquisitions.