Hilbert Group, a Sweden-based algorithmic crypto investment firm, has agreed to purchase high-frequency trading platform Enigma Nordic in a $32 million transaction. The deal combines newly issued shares and performance-based earn-outs, with Enigma required to generate $40 million in net income to unlock the full payout. Enigma has reported over 50 billion SEK (around $5.4 billion) in 2025 trading volume and a Sharpe ratio above 3.0, as Hilbert prepares to integrate the platform into its hedge fund and proprietary trading operations.

On December 19, 2025, the crypto market rose 1.6% to a $3.05 trillion capitalization, with total trading volume at $164 billion. Ninety of the top 100 assets advanced, and all top 10 coins gained; BTC was 1.4% higher around $87,906 while ETH climbed 4.1% to $2,953.

On 16 December, the article highlights XRP, Midnight and Sui while Bitcoin trades below 90,000. Over the past 24 hours, BTC fell 2.6% and is around 87,158. XRP recently retraced to about 1.92 after a seven-year high, while Sui touts high throughput and Midnight focuses on privacy on Cardano.

On December 15, a Form 8-K showed Strategy acquired 10,645 BTC between December 8 and December 14, spending $980.3 million at an average price of $92,098, funded via equity and preferred stock offerings. The firm's holdings rose to 671,268 BTC, and it recently set up a $1.44 billion cash reserve to cover dividend and debt interest obligations.

Stablecoin use in Venezuela is set to grow as the bolívar weakens and economic pressures persist. Stablecoins increasingly power daily payments and peer-to-peer rails, with over 38% of local crypto site visits directed to one global P2P platform. In the 2025 Global Crypto Adoption Index, Venezuela ranks 18th worldwide.

Tether submitted a binding $1.1 billion all-cash proposal to acquire Exor's 65.4% stake in Juventus Football Club, but the holding company turned it down and reiterated the club is not for sale. Juventus, valued at about €944 million, saw its share price climb 2.3% following the bid, while Tether indicated it could still invest up to €1 billion to develop the team if a deal is ever reached.

On December 12, 2025, the US Office of the Comptroller of the Currency conditionally cleared five crypto companies, including Circle, Ripple, Paxos, BitGo and Fidelity Digital Assets, to operate as national trust banks. The charters allow these firms to provide custody and selected banking services under a single federal framework, with Paxos permitted to issue stablecoins under federal oversight while Ripple's bank will not issue RLUSD.

On December 12, 2025, the Office of the Comptroller of the Currency conditionally approved national trust bank charters for five crypto firms, including Ripple, Circle and Fidelity Digital Assets, granting access to Federal Reserve payment rails and pre-empting state oversight. Earlier on December 9, the OCC issued Interpretive Letter 1188; after the approvals, XRP traded around $2.00, down 2.19%, with limited immediate volatility.

According to a Bitcoin Standard Treasury Company executive, Bitcoin could climb to $150,000 by the end of 2026, even though it is currently trading around $90,180 and roughly 28% below its record peak. The outlook is linked to recent U.S. regulatory moves, Federal Reserve rate cuts, and growing institutional interest, including large banks allowing advisers to recommend Bitcoin ETFs.