This article summarizes cryptocurrency news as of December 11, 2025, including the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. If SpaceX goes public next year with a valuation of $1.5 trillion, Elon Musk is expected to become the world's first "trillionaire." 2. Payment giant Stripe acquires the Valora wallet team to expand its stablecoin services. 3. The US OCC warns Wall Street about the "de-banking" issues in the digital asset industry, stating that such practices are "illegal."

Terra's LUNA token experienced a rare explosive surge this week, rising over 250% in the past ten days, clearly outperforming the overall cryptocurrency market. Key factors driving this rally include the implementation of network upgrades, the countdown to the legal trial of Terraform Labs co-founder Do Kwon, and cyclical rebounds caused by technical structures. The rally was first triggered by the Terra v2.18 network upgrade on December 7. This update mainly improved node performance, fixed memory vulnerabilities, and addressed intermittent reliability issues that had plagued the network for months. As technical improvements boosted market sentiment, external events further intensified volatility. Do Kwon is scheduled to be sentenced on December 11, 2025, at the Manhattan Federal Court. He has previously admitted to fraud charges related to the 2022 TerraUSD collapse. The incident caused approximately $40 billion in market capitalization to evaporate. Prosecutors seek a 12-year prison sentence, while the defense advocates for a lighter sentence. This legal milestone has become a major focus for short-term traders. As the verdict approaches, market speculative sentiment has significantly heated up, causing LUNA trading volume and price to rise in tandem.

Bitcoin remains resilient after the Federal Reserve's third rate cut this year, with a brief correction but still stabilizing above $90,000. Over the past 24 hours, the cryptocurrency market has declined by about 3%, mainly due to traders' disappointment over policy expectations not being met and large holders selling off. Previously, the market widely anticipated a more dovish stance, so after briefly reaching $92,000, Bitcoin experienced profit-taking, causing Ethereum, Solana, XRP, ADA, and Dogecoin to fall in tandem. The overall market capitalization also decreased from $3.22 trillion to $3.07 trillion. There are still disagreements within the Federal Reserve regarding the future direction of monetary policy, and the plan to possibly purchase up to $40 billion in Treasury bonds over the next 30 days further increases market uncertainty. With no additional rate cuts scheduled in the near term, investors will focus on the next FOMC meeting in January 2026.

PUMP tokens continue to strengthen in the Solana ecosystem, with the scale and speed of its buyback program far exceeding market expectations. The latest on-chain data shows that PUMP's total buyback amount has officially surpassed $205 million, setting a new project record and surpassing Raydium to become the largest buyback in the Solana network. Since Pump.fun launched its buyback mechanism five months ago, 13.86% of the circulating supply has been eliminated, which is a significant milestone for an experimental project rooted in meme culture. The on-chain monitoring platform SolanaFloor pointed out that PUMP's buyback activity maintains high intensity almost every day. On December 10th alone, the protocol used about 8,750 SOL to buy back over 4.015 billion PUMP tokens, worth approximately $1.2 million. The buyback volume was nearly the same the previous day, and even on relatively stable trading days, the buyback strength remains in the hundreds of millions of tokens. This steady pace is driven by Pump.fun's practice of using daily income directly for buybacks, continuously reducing the token supply.

The bronze statue of Bitcoin's creator, Satoshi Nakamoto, was officially unveiled recently, standing outside the New York Stock Exchange (NYSE). This symbolic gesture is seen as a significant milestone in the development of cryptocurrency, marking the transition of digital assets from initial controversy and skepticism to formal acceptance by traditional financial institutions. The statue depicts Satoshi Nakamoto sitting in front of a computer, holding a notebook, symbolizing the anonymous creator behind Bitcoin, technological innovation, and the spirit of decentralization. Placing the statue outside the NYSE is highly meaningful; it directly links cryptocurrencies with the traditional financial system and sends a message to global investors: digital assets have become an important force that cannot be ignored in the global financial markets.

Pi Network today officially launched the mainnet migration option within the app, attracting widespread attention from the global community. Users have noticed the new toggle switch has appeared, signaling that the project is taking another significant step toward full mainnet deployment. According to the core team's previous plan, mainnet features will be gradually rolled out from late 2025 to early 2026. This update aligns perfectly with the roadmap and is seen as an important signal that the ecosystem is moving from the preparation phase into the execution phase. The launch of the mainnet migration feature follows Pi Network's major technological breakthrough in the KYC system. Starting from late 2025, the team introduced a new AI review model, greatly improving user identity verification efficiency. According to user feedback, the previously frustrating long queues for verification have been significantly improved, with approval cycles shortened to 3 to 14 days. The new AI model not only enhances document recognition accuracy but also addresses delays in manual review stages, reducing backlog by nearly half and paving the way for large-scale mainnet migration.

Author of The Big Short and well-known investor Michael Burry recently issued a strong warning regarding the Federal Reserve's plan to purchase $40 billion worth of T-bills within a month. He believes that this move exposes the structural fragility of the U.S. banking system rather than stability as perceived by the outside world. At the same time, this policy direction could create new downward pressure on Bitcoin (BTC) and the broader crypto market. Federal Reserve Chairman Powell stated that this bond purchase is a "reserve management operation" and not quantitative easing (QE). However, Burry pointed out that the Fed has continued to expand its balance sheet while the banking system is under pressure, indicating that the market still struggles to move away from liquidity support. He emphasized that bank reserves have now exceeded $3 trillion, far above the $2.2 trillion level before the 2023 regional banking crisis. He warned that if the banking system must rely on such a large "lifeline" of liquidity, it is not strong but fragile.

Ripple is quietly advancing a strategic goal with far-reaching implications: securing a main account qualification with the Federal Reserve System. According to Ledarsidorna.se, if Ripple is approved for the main account, it will be able to directly issue and custody RLUSD stablecoins and interact with the U.S. payment system without intermediaries. This means Ripple would leap from a traditional crypto company role to an important part of U.S. financial infrastructure. Since mainstream media has not extensively reported on this, many industry observers are surprised by this development.

FTX and Alameda Research have resumed their monthly routine token unlock process. This week, both released a total of 194,861 Solana (SOL), valued at approximately $25 million. Lookonchain initially detected this movement, and Arkham Intelligence subsequently confirmed the related data. Since FTX's bankruptcy liquidation has been ongoing on schedule since 2025, this month's operation aligns with previous cycles and does not show signs of additional selling pressure, but the scale still raises market caution. Data shows that SOL tokens flowed from an Alameda-related staking account into the FTX liquidation structure for ongoing asset disposal. Alameda played an important role early on in the Solana ecosystem's validation and development, holding a large amount of long-term staked positions. The bankruptcy administrator is currently adopting a "periodic unlock + gradual disposal" approach to minimize market disruption.

Sei (SEI) price tests the $0.14 key resistance level again amid surging trading volume, and its new integration with Xiaomi Wallet has also drawn market attention to its long-term potential. As of now, SEI is priced at $0.1421, up 2.1% in the past 24 hours, up 2.3% over the past week, but down 24% over the past 30 days, remaining in a generally weak structure. The rapid increase in market activity is the core driver of recent market trends. In the past 24 hours, SEI's spot trading volume surged 261% to $237 million. Derivatives data is also strong, with open interest increasing 8.7% to $100 million, and derivatives trading volume rising 202% to $400 million. This indicates that funds are establishing new positions, which typically suggests that a directional breakout in the market is imminent.

Stellar (XLM) shows a new TD Sequential “9” buy signal near a key support zone, and analysts believe this could lead to a rebound in price. According to recent insights from crypto market analyst Ali Martinez, the technical signals appearing on the weekly chart are highly similar to the patterns observed before XLM's strong upward movements in the past, but whether the trend can be confirmed still depends on buying demand. Martinez pointed out in a public chart that XLM has again touched the demand zone and a TD Sequential “9” signal has appeared at that level. The last time this signal appeared, XLM's price nearly doubled, making this zone a historically strong support level. The current structure shows that Stellar has significantly pulled back from the summer highs and is in a consolidation phase, echoing the patterns seen before previous upward rallies.

Polkadot (DOT) price recently retreated again to about $2, which is considered a key long-term accumulation zone since 2022. According to the latest insights from analyst Egrag Crypto, this area has structural support and is regarded as DOT's "home zone" over the years, but it is currently unclear whether the market has truly bottomed out. DOT price touched around $2, with a significant pullback during trading, followed by sideways consolidation in this critical price region. Egrag Crypto pointed out that he had previously positioned in DOT at higher prices and continued to add to his holdings during the recent pullback. Based on historical trends and Polkadot's core role in multi-chain infrastructure, this zone is seen as an important position of long-term structural support.

The market popularity of XRP spot ETFs continues to rise, with the latest data showing that the inflow has approached $1 billion, far surpassing other mainstream cryptocurrency asset ETFs. According to SoSoValue data, since Canary Capital launched its first XRP ETF in November last year, the related products have attracted a total of $954 million in inflows, more than three times the Solana ETF ($293 million) during the same period. Meanwhile, other cryptocurrency asset ETFs are experiencing outflows. DefiLlama data shows that Bitcoin ETFs have recently seen $2.5 billion in redemptions, and Ethereum ETFs have also seen $471 million outflows. This contrast highlights the XRP ETF's contrarian ability to attract funds.

Led by Tom Lee, co-founder of Fundstrat, Ethereum vault company BitMine has once again increased its bet on Ethereum. According to Arkham data cited by EmberCN, BitMine purchased 33,504 ETH through FalconX on Wednesday, with a total value of approximately $112 million. Although the company has not officially confirmed the transaction, its recent accumulation pace aligns with its established strategy. BitMine is one of the world's largest Ethereum vault institutions. This year, it has continued to expand its holdings and reaffirmed its long-term goal — holding 5% of the total ETH supply. According to its latest 8-K filing, as of December 7, BitMine held 3,864,951 ETH, 193 BTC, $1 billion in cash, and $36 million in Eightco Holding shares (the company associated with the Worldcoin WLD token).

Bitcoin briefly broke through $94,500 amid a significant boost from the Federal Reserve, but the subsequent market correction quickly reversed the gains. On Wednesday evening, the Federal Reserve announced a new bond purchase plan and drastically cut interest rates, triggering a widespread rise in risk assets, with Bitcoin moving upward in sync. However, due to pressure on tech stocks, Oracle's sharp decline drove the Nasdaq 100 index to an eight-day low, and Bitcoin also retreated to around $90,000. Current market sentiment is at a critical testing stage. Data shows that the total market capitalization of cryptocurrencies has experienced volatility over the past three weeks, shifting from a moderate upward trend to sideways movement, and has retraced to the $3.08 trillion range. If Bitcoin falls below $88,000, it will end its short-term upward trend since November 21 and could trigger even stronger bearish sentiment.

PANews December 11 News, Li Zhen Guo, Vice Chairman of UBS Global Investment Bank, stated that the Hong Kong Exchange's Rule 18C opens a new listing channel for tech companies. It is expected that 150 to 200 companies will list in Hong Kong next year, with an IPO total scale of approximately 300 billion yuan, ranking first globally. He also believes that consumer goods, high-tech, and artificial intelligence will continue to be the themes for next year. Continuous interest rate cuts will remain a market focus, and the stabilization of domestic consumption is also beneficial for market development. Additionally, overall stock valuations in Greater China are somewhat discounted compared to US stocks, making them attractive.

ChainCatcher news reports that, according to Forbes, Ant International is applying AI and blockchain technology to the global payments sector. The company has launched multiple technological innovations: Antom Copilot AI agent supports full lifecycle management of merchant payments; collaborating with Google, Mastercard, and Visa to develop AI payment protocols; Falcon prediction model has processed $1.5 trillion in transactions with 90% accuracy, reducing foreign exchange costs by 60%; SHIELD risk management system has enhanced transaction security. Ant International CEO Peng Yang stated at the Singapore FinTech Festival 2025 that the company is actively participating in global regulatory initiatives, including the Monetary Authority of Singapore's Guardian project and the Hong Kong Monetary Authority's

The fifth spot XRP ETF is about to launch in the US market. With CBOE approving the listing and trading of the XRP ETF launched by 21Shares (ticker code TOXR), the number of US spot XRP funds has officially increased to five. This development marks the rapid maturity of XRP investment channels within the regulatory framework and further boosts market interest in tokenized assets. According to the latest documents submitted to the U.S. Securities and Exchange Commission (SEC), TOXR has completed key listing approvals and is awaiting the final process to begin trading on the exchange. Currently, 21Shares has repeatedly updated the S-1 registration documents, which still retain a "delayed revision," indicating that the issuer is waiting for CERT notice or SEC final approval.

Elon Musk recently sent two major signals within hours: first, confirming that SpaceX is accelerating towards going public; second, clearly stating that he will no longer participate in the government efficiency department (DOGE) project. This has been interpreted by the outside world as him fully returning to the business sector after experiencing a turbulent political cycle. Musk made the above statement in response to an article by space journalist Eric Berger about "SpaceX's upcoming IPO." He replied, "Eric is right," which is equivalent to publicly confirming the IPO plan for the first time. Berger, as one of the journalists who knows SpaceX best, is often regarded as an industry trendsetter.

Antalpha Platform Holding Co. reviews participation at the Bitcoin MENA 2025 Conference, emphasizing the shift of Bitcoin from a speculative asset to a financial infrastructure, committed to promoting it as the underlying asset for institutional credit and corporate treasuries, continuing to play a key role in technology and financing.

Sygnum's latest release of the "2025 Asia-Pacific High Net Worth Individual Report" shows that wealthy investors in Asia are accelerating their adoption of digital assets. The survey covered over 270 high-net-worth and professional investors across 10 Asia-Pacific markets. The results indicate that 87% of respondents have incorporated cryptocurrencies into their investment portfolios, with 49% allocating more than 10% of their assets to digital assets. The overall median allocation is between 10% and 20%. Additionally, up to 60% of wealthy investors plan to further increase their allocations in the future, reinforcing Asia's leading position in the global crypto market. The report emphasizes that this trend reflects the maturation of the private wealth management market in Asia. Behaviors previously dominated by speculation and short-term trading are being replaced by "wealth preservation" and "intergenerational planning." Ninety percent of respondents consider digital assets an important component of long-term wealth management, and diversification is the primary motivation for their crypto investments. Correspondingly, high-net-worth investors are demanding more complex products, including active management strategies, outsourced portfolio management, and yield enhancement tools.

Bitcoin prices plummeted to $89,000 during Asian trading hours, approaching the $80,000 mark at one point, dragging the total cryptocurrency market capitalization down from $3.22 trillion to $3.06 trillion, a loss of $160 billion in a single day. As expected, the Federal Reserve cut interest rates by 25 basis points, but disagreements within the FOMC and Powell's hawkish stance became the core reasons for the sharp market correction. The meeting minutes revealed that several officials opposed the rate cut, and Powell further indicated that the Fed might pause rate cuts until January 2026. This hawkish signal quickly dampened risk asset sentiment. Additionally, the Fed announced it would purchase up to $40 billion in Treasury securities within 30 days. Although officials emphasized that this was not quantitative easing (QE), the market widely viewed this move as exposing liquidity pressures. Gold prices subsequently rose, and analysts warned that the banking system could face deeper risks.

Thursday, the entire cryptocurrency market continued its correction trend, with Bitcoin falling to around $90,000, erasing most of Tuesday's rebound gains. Despite the Federal Reserve's expected rate cut and resumption of government bond purchases, market risk appetite failed to persist, and major cryptocurrencies generally came under pressure. Bitcoin's latest trading price is approximately $90,250, down 2.4% over 24 hours. Ethereum fell 3.4% to $3,208, Solana dropped 5.8%, and Dogecoin retraced 5.5%. Market data shows that most large-cap tokens have turned negative in seven-day returns, with XRP down 8.6%, Cardano down 7.2%, and BNB down 5.9%.

BlockBeats News, December 11th, according to GMGN monitoring, affected by market correction, the overall on-chain ecosystem of Solana shows a downward trend. Meme coins that had significant gains yesterday, such as 67 and SPARK, have experienced varying degrees of decline today, while PIPPIN's price remains stable. However, some Meme coins continue to maintain yesterday's gains. The specific information is as follows: JELLYJELLY: up 37% in 24 hours, with a market cap of approximately $58.7 million, currently priced at about $0.058; FKH: up 31% in 24 hours, with a market cap of approximately $8.04 million, currently priced at about $0.008; PIPPIN: up 4.9% in 24 hours, with a market cap of approximately $344 million, currently priced at about $0.344; 67: down 28% in 24 hours, with a market cap of approximately $1.635 million.

Gelep Mindfulness City Administration announced that Matrixport's Matrixdock has become the core technology partner for the gold-backed token TER, responsible for building its underlying tokenization technology framework. This marks Matrixdock's leading position in the national RWA scenario, laying the foundation for Bhutan's digital financial system and potentially influencing industry standards.

Midnight Network's NIGHT token surged nearly 200% within 24 hours of its launch on December 9, with a total market capitalization surpassing $1.2 billion. Its first-day trading volume exceeded $320 million, making it one of the most关注的新项目之一 in the privacy sector this quarter. Midnight is positioned as a partner chain of Cardano, with its initial token minting and ledger utilizing Cardano's native asset architecture. As the privacy coin narrative rapidly heated up after October, the launch of Midnight was seen as hitting a critical point in market sentiment shift. Over the past two months, Zcash experienced a tenfold surge against regulatory pressures, and the total trading volume of privacy coins such as Dash, Monero, Railgun, and Decred once approached $3 billion.

Golden Finance reports that according to Michael McDonough, Chief Economist of Bloomberg Financial Products, who posted on X, Bloomberg Intelligence's sentiment index shows that the Federal Reserve is currently presenting the most dovish stance "on paper" in recent times.

Gate's November Transparency Report shows that registered users exceed 46 million, with over 4,100 assets listed, and spot trading volume increased by 39.1% year-on-year. Gate is actively advancing its Web3 strategy, and its global compliance initiatives are also steadily progressing. The company is participating in industry interactions and strengthening regulatory communication.

ChainCatcher News, Camp Network announces that it will be the first to introduce the prediction market model into the music festival IP sector. The first event will kick off this weekend at the DWP Music Festival, which has over 90,000 participants. Music fans can predict live performance trends of headline artists such as Skrillex, Calvin Harris, and Steve Angello in real-time. Camp Network stated that this move marks the first time that the prediction market sector, valued in the tens of billions of dollars, is integrated with large-scale music festival scenarios. While traditional predictions mainly focus on sports events, Camp Network's innovative approach will provide fans with a brand-new interactive experience. The platform plans to expand this model to 50 countries worldwide.

The UK Financial Conduct Authority (FCA) will focus on GBP stablecoins as a priority for future work, planning to establish digital asset regulations by 2026 to promote economic growth, digital financial services, and small business financing. Currently, the market for GBP stablecoins is less than $6 million.

Polygon network upgrades through Madhugiri hard fork, increasing TPS to 1,400 transactions per second. The plan is to raise it to 5,000 transactions per second in the next 6 months, and further increase to 100,000 transactions per second within 12-24 months, aiming to become the world's preferred blockchain for payments.

After weeks of bipartisan negotiations, the legislation on cryptocurrency market structure in the U.S. Senate has yet to make substantial progress. Democrats submitted the latest counterproposal, accepting some Republican framework, but insisting on major reforms in financial stability, market integrity, national security enforcement, and digital asset conduct for public officials. These disagreements indicate that there is still no consensus within the Senate on the core regulatory framework of the bill. Key points of contention include digital asset information disclosure, secondary market protections, tools for illegal financial identification and suppression, compliance obligations for decentralized platforms, and restrictions on stablecoin yields. Democrats are also pushing for strict ethical standards to prevent elected officials from profiting through cryptocurrency projects, which is closely related to controversies involving investments by the Trump family. However, the White House has vetoed some ethical provisions and Democratic nomination requirements, further complicating negotiations.

Odaily Planet Daily reports that Ondo Finance's official account on X platform stated that the liquidity source for its stock tokenization platform comes from the stock market, mainly from Nasdaq and the New York Stock Exchange, rather than AMM pools, which makes slippage almost nonexistent during large-scale trades. Each stock token is fully backed by custodial shares and operates on a model similar to stablecoin reserves.

BlockBeats News, December 11 — On October 25 of this year, Kyrgyzstan officially approved the launch of the pilot construction of the Central Bank Digital Currency (CBDC) system, called "Digital Som." Chinese technology service provider Sign successfully undertook the project development and actively participated. The reason Sign was able to stand out in fierce international competition lies in its comprehensive "SignStack" solution. This solution precisely addresses the paradox faced by Kyrgyzstan in digital transformation: balancing "sovereign independence" with "international connectivity." It has established a set of digital financial infrastructure that respects national sovereignty while possessing modern compliance capabilities. The cooperation between Sign and Kyrgyzstan not only creates a safer and more efficient fund transfer channel than traditional systems but also paves the way for the digital economy era between the two countries.

EXOD cryptocurrency wallet company's digital asset update as of November 30, 2025, shows holdings of 1902 BTC (down 245), 2802 ETH (up 18), and 31050 SOL (down 18517).

Golden财经 reports that Adam analyzes that the Federal Reserve's interest rate cuts and the restart of T-bills purchases help liquidity, but the crypto market's liquidity is poor, limiting the momentum to restart the bull market. Currently, BTC and ETH options data show that market sentiment is subdued, with an overall clear bearish trend. Investors should pay attention to the possibility of sudden positive market news.

Galaxy announces the establishment of a new office in Abu Dhabi and the creation of a new business division aimed at entering the Middle East market. This move will expand its partnership network and business strategy, coinciding with the company's recent announcement of its Q3 2025 financial performance.

ChainCatcher news reports that according to Jintiao, ING Bank stated that the market expects the Federal Reserve to cut interest rates by another 50 basis points in 2026, with forecasts of a 25 basis point cut in March and another in June. Despite current economic growth, low unemployment rates, stock markets near historic highs, and inflation rates closer to 3% rather than the Federal Reserve's 2% target, the inflation outlook in the coming months could become more favorable for rate cuts.

The report mentions that some whales are increasing their holdings, especially in BTC and ETH. Huang Licheng and CZ both hold large long positions with unrealized gains, while Hyperliquid's short positions are also increasing. The overall market dynamics indicate that whales are adjusting their strategies amidst volatility.

Recently, Bhutan launched TER, a gold-backed digital token issued by Gelephu Mindfulness City and supported by Bhutan's sovereign framework. This is an important initiative in the country's blockchain strategy. TER aims to build a bridge between traditional value storage and blockchain finance, providing investors with a secure and transparent digital asset option. The token is issued on the Solana blockchain and distributed and custodized by DK Bank, Bhutan's first licensed digital bank. In the first phase, investors can purchase TER directly through DK Bank, enjoying the convenience of traditional asset purchase while having on-chain ownership and transparency. TER is designed to provide international investors with easily accessible tokenized gold, with the advantages of digital custody and global transferability.

Trump's actions on digital asset "debanking" prompted the Currency Supervisory Agency to release a new report, warning that banks could face penalties. The report reviewed the policies of nine nationwide banks, noting that they have set higher entry barriers for controversial industries and may face legal accountability.