Stocks

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 Friday, the U.S. Securities and Exchange Commission released an investor bulletin on crypto wallets and custody, outlining basic practices and key risks. The guide contrasts self-custody with third-party arrangements, flags issues like rehypothecation and asset commingling, and explains hot-versus-cold wallet trade-offs.

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.

Coinbase is preparing a prediction market in collaboration with Kalshi, a CFTC-regulated exchange, and is set to spotlight new products at its "Coinbase System Update" on Dec. 17. The feature is not fully confirmed and could debut as early as next week. An official announcement is expected during the event.

Solana (SOL) exchange-traded funds have logged seven straight days of net inflows, bringing total ETF inflows to $674 million, even as SOL's price extends its decline. The first U.S. SOL ETF launched in July, followed by Bitwise's BSOL product in October, while SOL now trades nearly 55% under its roughly $295 all-time high and below its 365-day moving average.

Nvidia is evaluating ways to expand H200 chip output after Chinese orders exceeded its current supply capacity. The demand spike followed an export decision that permits H200 sales to China with a 25% levy. Chinese tech firms, including Alibaba and ByteDance, requested large batches and delivery timelines this week.

On December 12, SpaceX outlined steps toward a 2026 IPO, with a secondary sale at $421 per share implying about an $800 billion valuation, according to a shareholder letter reviewed by Reuters. If market conditions permit, the offering could raise more than $25 billion. Starlink now tops 8 million users, and analysts project $11.8–$15 billion in 2025 revenue.

On 12 December, Strategy retained its place in the Nasdaq 100. MSCI is set to decide in January whether to exclude firms classified as Digital Asset Treasury, which could force passive funds to sell. JPMorgan analysts have estimated potential outflows of $2.8 billion to $8.8 billion if index providers adopt similar rules.

On Dec. 12, Lean Ventures agreed with NASDAQ-listed Vivo Federation to create a $300 million vehicle to acquire Ripple Labs shares, giving South Korean investors indirect exposure to XRP. The joint venture targets $75 million in net economic return over three years, and the partners claim investors may access Ripple and XRP exposure at a material discount to spot.

On 13 December 2025, index providers were shown to diverge over how to treat companies like Michael Saylor’s Strategy, whose market value is closely tied to Bitcoin holdings. Strategy kept its place in the Nasdaq 100 despite its Bitcoin-focused balance sheet, while an upcoming MSCI ruling could label such digital asset treasury firms as ineligible and, according to analyst estimates, may trigger over $1.5 billion in forced outflows from funds tracking those benchmarks.