Stocks

Andreessen Horowitz, the Uniswap Foundation, the DeFi Education Fund and The Digital Chamber opposed Citadel Securities' request that the SEC treat DeFi venues handling tokenized equities as regulated exchanges or broker-dealers. According to a Friday letter to the SEC, the coalition said Citadel's analysis is flawed and argued that thoughtfully designed onchain markets can protect investors without traditional registration.

On December 12, 2025, Tether said it filed a binding, all-cash proposal to acquire Exor's 65.4% stake in Juventus Football Club. The offer is fully funded by Tether's capital and contingent on regulatory approvals and Exor's acceptance, with a planned public tender for remaining shares at the same price and a €1 billion investment if the deal completes.

On December 11, 2025, 21Shares launched the TOXR XRP spot ETF in the U.S., offering regulated market access to XRP. XRP is consolidating near the $2.00 area, with key resistance around $2.17 and potential upside toward $2.50 on a breakout. Combined U.S. spot XRP ETFs are nearing $1 billion in assets, according to SoSo Value.

On Friday, stablecoin issuer Tether said it has lodged an all-cash proposal to buy Exor’s entire stake in Italian football club Juventus, after purchasing a minority interest in the team in February. If the deal is completed, the company plans to commit 1 billion Euros to support and develop the club while it explores a share sale targeting up to $20 billion at a roughly $500 billion valuation.

AI-driven shopping assistants are projected to influence $263 billion in global online holiday sales, representing 21% of seasonal e-commerce. Retailers including Walmart, Target and Etsy are enabling purchases via ChatGPT, while AI-referred traffic in the U.S. shows higher conversion, longer browsing, and greater revenue per visit.

On December 10 2025, the Federal Reserve cut its benchmark interest rate by a quarter percentage point for the third meeting in a row, prompting public pushback from several officials. Two regional presidents voted against the move and, according to internal projections, six of 19 policymakers would have preferred to leave rates unchanged. The Fed board also moved on December 11 2025 to reappoint 11 regional bank presidents ahead of schedule, a step that may shape the central bank's stance on inflation and future policy into 2026.

On December 12, 2025, Oracle shares fell after reports that several OpenAI‑related data centers will complete in 2028 instead of 2027. According to people familiar with the projects, labor and material shortages drove the change. The stock dropped as much as 6.5%, then traded down 5.3% at $188.26.

On December 12, 2025, Fundstrat's Tom Lee told CNBC he sees the S&P 500 ending this year near 7,000 and reaching about 7,700 next year, implying a roughly 10% gain. He warned that 2026 could feel like a bear market as a new, more dovish Federal Reserve leadership is tested and markets react to potential Supreme Court action on tariffs.

US lawmakers are weighing whether to allow 401(k) plans to hold crypto, exposing a sharp divide between industry advocates and labor unions. On Wednesday, the American Federation of Teachers urged the Senate Banking Committee to block retirement-account exposure to digital assets; on Thursday, AFT president Randi Weingarten reinforced that view. In October, the AFL-CIO also warned about volatility and systemic risk.

Over the week, Oracle’s share price fell around 10% after its Q2 2026 earnings, as quarterly revenue of $16.06 billion came in below the $16.21 billion forecast. Yet the company’s remaining performance obligations climbed to $523 billion and high-margin cloud services expanded rapidly, while Larry Ellison’s influence in political and defense circles underpins expectations for future AI and government contracts. These factors suggest the pullback in ORCL may reflect timing of revenue conversion more than a broad AI bubble reversal.