On December 20, 2025, Momento Research's Ash Liew reported tracking 118 token generation events this year, with 84.7% (100/118) now below launch valuation and the median down 71%. Only 18 tokens, or 15%, remain above water. Syndicate leads losses at −93.64%, while Animecoin, Berachain, and Bio Protocol have each fallen over 93%.

On December 20, 2025, ING highlighted that leading BRICS members are steadily trimming their U.S. Treasury exposure, with China, India and Brazil together reducing holdings by $28.8 billion in October. The bank's analysts say India's sales may be tied to rupee support and geopolitical considerations, while the private sector is largely absorbing the supply as the dollar shows unexpected strength despite softer inflation data.

The U.S. Securities and Exchange Commission announced settlements with former FTX executives, with enforcement actions pending court approval. The measures bar them from serving as officers or directors of public companies, in some cases for up to ten years, and do not include monetary penalties. Caroline Ellison is expected to face a 10-year officer/director bar related to misused FTX customer funds.

In the Republic of Sakha (Yakutia), regional authorities are considering building cryptocurrency mining farms at the Ulugurskoye and Ergedzheyskoye gas fields operated by Ulugurneftegaz, a joint venture of Alrosa and Sakhatransneftegaz. The plan seeks to use large local gas reserves to power coin minting facilities, as Russia promotes relocating miners to remote northern regions with surplus energy and colder climates to ease pressure on grids in other areas.

On December 18, 2025, the U.S. SEC filed proposed final judgments against former FTX and Alameda executives Caroline Ellison, Gary Wang, and Nishad Singh. The settlements include permanent anti-fraud injunctions, a 10-year officer/director ban for Ellison, 8-year bans for Wang and Singh, and a further five-year conduct injunction.

Updated December 20, 2025, Coinbase's 2026 Crypto Market Outlook adopts a restrained stance, comparing conditions to the mid‑1990s internet build‑out. It anticipates deeper institutional participation under frameworks such as the GENIUS and CLARITY Acts and projects stablecoin market cap could reach $1.2 trillion by 2028, while noting Bitcoin's open interest has declined.

Spot XRP ETFs have logged 25 consecutive trading days without net outflows since the Nov. 13 U.S. launch, reaching $1.070 billion in cumulative net inflows by Friday. Weekly additions of $82.04 million surpassed BTC and ETH products, which saw nearly $500 million and $650 million outflows, while Solana funds remained positive for 12 straight days.

On December 20, 2025, JPMorgan Chase's Dubravko Lakos said in a CNBC interview that the S&P 500 could climb to 8,000 in 2026 if the Federal Reserve eases more than one additional time. If the Fed delivers only one further cut, the bank's target is 7,000–7,500. Lakos added that rate reductions may support weaker parts of a "k-shaped" economy.