On December 15, Anatoly Aksakov said Russia will not recognize cryptocurrencies as legal tender, limiting them to investment use. The State Duma's stance aligns with the central bank's opposition to crypto payments and reinforces ruble-only settlement rules. Earlier Finance Ministry ideas on exchange oversight and taxation signal differing views within government.

On December 17, the FDIC approved a notice of proposed rulemaking for payment stablecoins, opening a public comment process. The plan outlines how insured banks could apply to issue stablecoins through subsidiaries and aligns with the federal GENIUS Act. Acting Chairman Travis Hill highlighted security and robustness as priorities.

Coinbase plans to list Theoriq (THQ) on December 17 for spot trading once liquidity requirements are fulfilled, following confirmations from KuCoin, Kraken and BingX. THQ, an AI-native liquidity and yield protocol token, is trading at $0.09 with a $12.44 million market cap and a $29.84 million 24-hour volume, while its price shows a -49.77% change.

JPMorgan Chase has introduced the tokenized My OnChain Net Yield Fund on Ethereum with $100 million in internal seed capital, targeting institutional and high-net-worth investors. The fund, operated by JPMorgan Asset Management via the Kinexys platform, tokenizes money market fund shares and focuses on bond-based assets. Ethereum's role in on-chain financial products continues to grow as its market value and dominance evolve amid recent price declines.

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.

Coinbase plans to partner with Kalshi to roll out an internal prediction market that uses USDC and is safeguarded by Coinbase Custody, according to CNBC sources. The announcement could arrive as early as next week; as of December 13, 2025, USDC was priced at $1.00 per CoinMarketCap.

Coinbase plans to introduce a prediction market product in partnership with Kalshi, with an official reveal scheduled at its "System Update" event on December 17. Kalshi is expected to serve as the initial exclusive prediction market operator on the exchange, aligning with Coinbase's longer-term goal of broadening its financial service offerings beyond crypto. The crypto community is watching for formal confirmation and product details, amid expectations that the move could boost user engagement and diversify revenue.

On December 13, the Hong Kong Monetary Authority stated that "Hong Kong Yunbo Holdings/Yunbo Holdings 2.0" is not regulated by the HKMA and warned the public about its stablecoin-related promotions. The authority also clarified that it has not granted any licenses to stablecoin issuers so far and urged investors to verify authorization claims, while Bitcoin traded around $90,345.53 after a 2.07% daily decline.

On December 12, cryptocurrency market maker GSR said its operations remain stable and its liquidity is strong. The firm clarified it has no connection to the alleged "10/11 liquidation" and emphasized continuity in client execution and services. The announcement was intended to counter online speculation and reassure stakeholders.