In its 2025 Annual Report, the U.S. Financial Stability Oversight Council removed cryptocurrencies from its list of systemic financial threats and shifted focus toward responsible integration and regulatory clarity. The council cited the July 2025 GENIUS Act, relaxed banking constraints on certain crypto activities, and urged member agencies to issue broad guidance on custody, tokenization, and blockchain use, even as the Financial Stability Board warned that uneven global rules may still endanger financial stability.

VivoPower International PLC plans, through its Vivo Federation unit and South Korean partner Lean Ventures, to set up an investment vehicle aiming to buy $300 million of Ripple Labs shares. The structure is designed to give VivoPower exposure to Ripple and XRP upside without using its own balance sheet, while South Korea's regulatory shift from 16 September allows crypto firms to qualify as venture companies.

U.S.-listed XRP spot ETFs have recorded 19 consecutive days of net inflows totaling $974.50 million, including $20.17 million on December 12. Yet XRP hovered near $2.03 after a 18.66% monthly decline, while Franklin’s XRPZ, Bitwise, and Canary captured the day’s biggest allocations among issuers.

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.

In early 2025, blockchain analytics firm Global Ledger reported that sanctioned Russian exchange Garantex rebuilt a payout system using new Bitcoin and Ethereum wallets holding over $34 million in crypto. At least $25 million has already been distributed to former users, while most of the Ethereum reserve remains untouched, with the wallets allegedly interacting with top 10 centralized exchanges and raising fresh regulatory concerns.

Kalshi and Crypto.com unveiled the Coalition for Prediction Markets, bringing in Coinbase, Robinhood and Underdog to press for federal oversight. The group seeks nationwide integrity standards and to counter state-level restrictions, as a Connecticut judge granted Kalshi a temporary stay pending hearings in early 2026. Executives say momentum and billions in market activity warrant a unified voice.

The CBOE BZX Exchange has approved the listing of the 21Shares XRP ETF (TOXR), which charges a 0.3% annual sponsor fee. At press time, XRP was trading at $2.01 after a 2.44% daily decline as trading desks awaited remaining SEC steps for the fund’s launch, bringing the number of U.S. spot XRP funds on the market to five.

On 09 December, Bitcoin-native firm Twenty One Capital began trading on the NYSE under ticker XXI after completing its SPAC merger with Cantor Equity Partners. Its shares fell by nearly 20% on the first day. CEO Jack Mallers has emphasized plans to build Bitcoin-related utility services and multiple business lines. The stock trades at a steep discount to its more than $3.97 billion Bitcoin treasury as mNAV valuations for Digital Asset Treasuries come under growing scrutiny.

CoinShares Head of Research James Butterfill defended Tether's financial stability after BitMEX Co-Founder Arthur Hayes raised concerns about potential insolvency risks. Tether holds approximately $181 billion in reserves against $174.45 billion in liabilities, maintaining a $6.55 billion surplus. USDT recorded $719.83 billion in on-chain transaction volume in November.