Bitcoin’s drawdown has narrowed from –35% to roughly –27% since its October peak near $125,000, with 67% of circulating supply still in profit—signals that point to a stabilizing market rather than deep capitulation, according to analyst Axel Adler Jr. Short-term momentum is beginning to turn upward as BTC consolidates around the $90,000 level.

Bhutan will launch TER, a sovereign gold-backed token issued on the Solana blockchain, on December 17, 2025, positioning the nation as one of the first to tokenize government-regulated gold reserves. Distributed through DK Bank and unveiled via the Gelephu Mindfulness City initiative, TER gives global investors compliant, on-chain access to audited, sovereign-overseen physical gold.

Dogecoin’s trading volume surged 61% to $1.68 billion ahead of today’s Federal Reserve rate decision, as the memecoin traded within a narrow $0.131–$0.156 range. With markets pricing a 90% chance of a 25 bps cut, traders are positioning for potential volatility around Chair Jerome Powell’s commentary on the 2026 policy path.

Galaxy has launched a new entity and office in Abu Dhabi under the Abu Dhabi Global Market framework, extending its footprint in the Middle East. The move follows Q3 2025 net income of $505 million and equity of $3.2 billion. Galaxy has also joined a planned $1.65 billion Solana treasury fund alongside other crypto investors. The expansion comes as the UAE continues to approve major exchanges and stablecoin issuers.

On December 11, 2025 in San Pedro, Costa Rica, BTSE launched a staking campaign for the Stable (STABLE) token tied to its December 8, 2025 listing. Participants who complete KYC and stake at least 8,000 STABLE for seven days can access APR tiers of 100%, 300%, or 500%, depending on stake size and how quickly they secure an allocation. The campaign also adds referral-based chances to obtain higher APR tiers and is aimed at driving adoption of Stable's USDT-focused blockchain. BTSE positions the initiative as a way to encourage users to hold and use STABLE on its platform.

The crypto market fell nearly 3% after the Federal Reserve delivered a widely expected 25-basis-point rate cut, triggering a sell-the-news reaction across major assets. Bitcoin slipped toward $90,000 despite briefly rallying above $94,000, while altcoins posted deeper losses as ETF outflows, whale selling, and weak risk appetite weighed on sentiment.

From 2020 to 2023, nine major U.S. banks, including JPMorgan Chase and Bank of America, restricted services to crypto businesses, the Office of the Comptroller of the Currency said. The agency’s findings may be referred to the Department of Justice. Bitcoin was $90,296.49 with 58.58% dominance, per CoinMarketCap data updated December 11, 2025.

On 09 December, Bitcoin-native firm Twenty One Capital began trading on the NYSE under ticker XXI after completing its SPAC merger with Cantor Equity Partners. Its shares fell by nearly 20% on the first day. CEO Jack Mallers has emphasized plans to build Bitcoin-related utility services and multiple business lines. The stock trades at a steep discount to its more than $3.97 billion Bitcoin treasury as mNAV valuations for Digital Asset Treasuries come under growing scrutiny.