On December 11, 2025, dYdX launched its first spot markets, allowing U.S. traders to access Solana-based spot trading for the first time. dYdX Labs said all spot trading fees will be waived for the entire month of December, and the platform cites more than $1.5 trillion in cumulative derivatives trading volume since launch.

Binance has introduced an Indication of Interest feature for spot and loan trading via its OTC and execution services platform, aimed at VIP and institutional clients handling large orders. The tool lets users privately signal buy, sell, borrow, or lend interest on block-size trades of at least $200,000 to improve liquidity discovery and reduce execution risk. By shifting large flows off the public order book toward traditional-style workflows, it may also shape transparency debates and regulatory scrutiny in crypto markets.

On December 11, 2025, Aster said on X it is partnering with World Liberty Financial (WLFI) to list the USD1‑denominated RAVE/USD1 pair and launch "Rocket Launch Round 4" with a 1.5x symbol boost in Stage 4 Harvest. The exchange also flagged plans for additional USD1 pairs across its ecosystem, while recent updates include a Brevis zero‑knowledge integration and zero‑fee stock perpetual contracts, according to Cryptopolitan.

On 11 December 2025, Galaxy Digital CEO Mike Novogratz told attendees at Solana Breakpoint that crypto is moving into a phase where real-world, user-focused applications will determine which projects endure. He said clearer regulation now allows developers to focus on mainstream adoption and highlighted Solana as a platform for capital-market infrastructure. Novogratz reiterated his long-term optimism on Bitcoin despite 2024's volatility and cited a $9 billion Bitcoin sale by a Galaxy client as an example of early investors locking in gains. He also pointed to discussions at Abu Dhabi Finance Week as further evidence of accelerating institutional engagement with blockchain.

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.

LI.FI, a cross-chain bridging protocol for on-chain swaps, has secured a $29 million Series A extension co-led by Multicoin Capital and CoinFund, bringing its total funding to $51.7 million. The company plans to use the new capital to scale operations, build infrastructure for AI agents and stablecoins, and launch an open intent and solver marketplace in Q1 2026.

The US Federal Reserve approved another 25 basis point rate cut at Wednesday's FOMC meeting and unveiled a plan to buy $40 billion in Treasury bills per month, expanding its balance sheet and adding liquidity. This shift to a more dovish stance has analysts highlighting Ethereum, Solana, Zcash, Sei and presale project Bitcoin Hyper as potential high-upside altcoin opportunities. Crypto markets are retesting support levels, and some traders expect a stronger rally if key resistance zones are broken.

ETH briefly fell near $3,150 before rebounding toward $3,190 on Thursday. On December 10, U.S. Ethereum ETFs saw $56.5 million in inflows. $177 million in liquidations did not crack key supports. Analysts highlight buy walls around $3,150 and $2,800 and note ETH/BTC reclaiming the 20‑day moving average.