On Wednesday, the SEC's Trading and Markets Division detailed how broker-dealers can custody tokenized stocks and bonds under Rule 15c3-3, requiring exclusive control of private keys and defined operational, security and governance measures. Commissioner Hester Peirce separately raised trading-venue questions as Nasdaq (Nov. 30), Securitize (Tuesday) and Coinbase (Thursday) advance tokenized equity initiatives.

Data compiled by Dune and Keyrock shows that Polymarket's average user retention exceeds that of more than 85% of 275 crypto projects, including DeFi platforms, wallets and trading apps. In December, major firms such as Coinbase, Gemini, Phantom and Bitnomial moved into prediction markets, aiming to leverage event-driven engagement tied to elections, sports and macroeconomic data.

Hyper Foundation has called a validator vote to classify HYPE held in Hyperliquid's Assistance Fund system address as permanently inaccessible, excluding those balances from circulating and total supply. The address holds about $1 billion, and a "Yes" outcome would treat these tokens as burned for governance, including USDH reserve yield routed there.

CoinGecko's 2025 State of Memecoins Report says election-driven political tokens helped push the sector's market cap to a record $150.6 billion in December 2024 before a steep decline. By November 2025, memecoins had fallen below $40 billion and NFT sales volumes also slid to $320 million, while some industry figures still expect memecoins to return in a new form.