Heading into 2026, data from Alphactral shows Global M2 money supply has reached a new all-time high near $130 trillion, with China contributing about 37% at $47.7 trillion. While major economies cut rates and the U.S. pursues a $40 billion Treasury plan to ease funding conditions, the total crypto market cap has fallen 21% in Q4 2025, leaving risk assets below their late-Q3 highs and investors wary despite improving liquidity.

On December 14, 2025, a report said President Donald Trump narrowed candidates for the next Federal Reserve chair to Kevin Warsh and Kevin Hassett. According to the report, betting venues and crypto‑linked prediction markets lifted Warsh’s implied odds from roughly 12% to above 38%, as traders anticipate a chair inclined toward faster rate cuts.

On December 12, 2025, the Office of the Comptroller of the Currency conditionally approved national trust bank charters for Ripple, BitGo, Fidelity Digital Assets, Paxos, and Circle. The move advances regulatory onboarding for crypto custody and payments, potentially opening more direct access to U.S. banking rails once conditions are met. No executive statements were posted at that time.

On December 14, Pakistan's Ministry of Finance signed a non-binding Memorandum of Understanding with Binance to assess tokenizing up to $2 billion in sovereign bonds, treasury bills and commodity reserves. The initiative, which follows initial approval from the Pakistan Virtual Asset Regulatory Authority, aims to study blockchain’s role in financial instruments and its potential impact on liquidity, investor access and the country's wider digital reform agenda.

On December 11, 2025, the SEC confirmed the release of an investor bulletin on crypto wallets and custody that outlines practices and risks for different storage methods. The bulletin compares hot and cold wallets, highlights issues like hacking and irreversible loss of access, and advises investors to review third‑party custodian policies. Around the same time, the DTCC received a no‑action letter from the SEC allowing a new service to tokenize stocks, ETFs, and U.S. government securities.

On December 12, 2025 Nasdaq said MicroStrategy will retain its Nasdaq 100 membership after the annual adjustment, with changes effective December 22. The firm, led by Executive Chairman Michael Saylor, holds 660,624 Bitcoins and maintains a Bitcoin-centered treasury approach, drawing mixed reactions from analysts who note both growing corporate adoption and ongoing volatility risks.

As of December 13, 2025, Tether submitted an all-cash bid to acquire Exor's 65.4% stake in Juventus at €2.66 per share, valuing the club around €1.1 billion. Exor said its board unanimously rejected the offer and declared the team not for sale. Tether proposed a 21% premium, €1 billion for development, and purchasing remaining shares at least at the initial price.

On 12 December 2025, Tether proposed an all-cash deal to purchase Exor's entire 65.4% shareholding in Juventus Football Club, alongside a pledge to invest up to €1 billion in the club. The offer, which would have led to a subsequent public tender for remaining shares at the same price, has been unanimously rejected by Exor, cancelling the transaction. Tether had framed the move as a strategic expansion beyond stablecoins into elite sport, media and global fan markets.