Today's Cryptocurrency News (December 10) | SEC Chairman: Most ICOs Are Not Securities Trading; Musk Says "Government Efficiency Department" Barely Succeeded

This article summarizes cryptocurrency news as of December 10, 2025, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include:

1. RWA Platform Real Finance Secures $29 Million in Funding

The real-world asset (RWA) tokenization network Real Finance has raised $29 million in private funding to build the infrastructure layer for RWAs, aiming to make it easier for institutions to adopt tokenized assets. This round includes a $25 million capital commitment from digital asset investment firm Nimbus Capital, with Magnus Capital and Frekaz Group also participating. Real Finance states that the funds will be used to expand its compliance and operational infrastructure to develop a full-stack RWA platform.

2. SEC Chairman: Many Types of Cryptocurrency ICOs Do Not Fall Under SEC Jurisdiction

According to The Block, SEC Chairman Paul Atkins said at the annual blockchain policy summit that many types of initial coin offerings (ICOs) should be considered non-securities transactions and are outside the jurisdiction of Wall Street regulators. He explained that this is exactly what the SEC encourages; by its definition, these do not fall within the scope of securities. Atkins specifically referenced his token classification system launched last month, which divides the crypto industry into four main token categories. Last month, he pointed out that network tokens, digital collectibles, and digital tools should not be considered securities. On Tuesday, he further stated that ICOs involving these three token types should also be viewed as non-securities transactions, thus not regulated by the SEC.

Atkins also mentioned that, regarding ICOs, the SEC believes the only tokens it should regulate are tokenized securities—securities that are already under SEC regulation and traded on-chain. He clarified that ICOs span four themes, with three falling under the jurisdiction of the US CFTC, which will handle related matters, while the SEC focuses on regulating tokenized securities.

3. TrumpMeme Plans to Launch a Mobile Game Called “Trump Billionaires Club”

According to SolanaFloor, the official TrumpMeme account stated that they plan to launch a mobile game called “Trump Billionaires Club,” supported by OpenLoot. The game will use TRUMP tokens during in-game activities.

4. Elon Musk Says “Department of Government Efficiency” Marginally Successful, Will Not Do Similar Projects Again

In an interview on Tuesday, Elon Musk said that his former “Department of Government Efficiency” (DOGE) achieved some success. The department aimed to help the Trump administration cut costs. This is a rare remark from Musk about his work with DOGE earlier this year, hinting at his dissatisfaction with internal US politics. When asked if DOGE was successful, Musk said, “We had some success. We were somewhat successful.” But he added that he wouldn’t undertake similar projects again. (AXIOS)

5. Trump Begins Final Interviews for Fed Chair This Week, Claims “Already Have a Suitable Candidate in Mind”

According to Bloomberg, US President Donald Trump said this week he will begin the final round of interviews for the next Federal Reserve Chair, considering several candidates. Trump told the media on Air Force One, “We will consider a few different people, but I am very clear about who I want.” White House National Economic Council Director Kevin Hassett remains the top candidate to succeed Jerome Powell, but his selection is not guaranteed. Trump recently said he would soon choose a new Fed Chair but might wait until early 2026 to make an announcement. He will meet with former Fed director Kevin Wessel on Wednesday, and at least one more interview is expected next week.

6. Strive Launches $500 Million SATA Stock ATM Financing Plan, Part of Net Proceeds to Be Used for Bitcoin Purchases

According to GlobeNewswire, Bitcoin asset reserve company Strive (Nasdaq: ASST; SATA) announced it has signed a sales agreement. Under this agreement, Strive can issue and sell its Series A variable-rate perpetual preferred stock (referred to as “SATA stocks”) with a par value of $0.001 per share, for a total potential issuance of up to $500 million (referred to as the “ATM plan”). Strive plans to use the net proceeds from the ATM plan for general corporate purposes, including but not limited to: purchasing Bitcoin and related products, working capital, acquiring income-generating assets to expand business, other capital expenditures, share buybacks of Class A common stock, and/or debt repayment. Strive may also use these funds to finance acquisitions of businesses, assets, or technologies that complement its current operations.

7. Putin: Development of New Payment Tools Is a Natural Evolution; Nobody Can Ban Bitcoin

According to Jiemian News, on December 4, Russian President Vladimir Putin stated at the “Russia Calls!” investment forum that the development of new payment tools is proceeding naturally and is an inevitable process. “For example, Bitcoin—who can ban it? No one. Who can ban the use of other electronic payment tools? No one, because these are new technologies. No matter what happens, no matter what the dollar does, these tools will develop in some way because everyone will strive to reduce costs and increase reliability,” Putin said.

He added, “If the global usage of the dollar continues to decline, it will certainly undermine its economic strength. That’s very clear,” Putin said. “A reasonable question is: if foreign exchange reserves are so easily lost, why accumulate them at all?” He stated that the current US government is undermining the dollar’s role as the global reserve currency, “using it for political purposes,” forcing many countries to turn to alternative assets including cryptocurrencies.

8. Moscow Exchange’s Cryptocurrency Futures Trading Volume Reached About $636 Million in November

According to Cryptopolitan, Russia’s largest securities market, the Moscow Exchange (MOEX), announced that its cryptocurrency futures trading volume in November reached 48.7 billion rubles (about $636 million), setting a new record. The exchange explained that high volatility in the crypto market has stimulated strong interest among qualified Russian investors.

MOEX also reported that by the end of last month, the overall derivatives market trading volume reached 11.7 trillion rubles, a 15.8% increase compared to November 2024. The open interest in derivatives traded on the exchange exceeded 2.7 trillion rubles, up 22.7% year-over-year. Over 135,000 clients traded futures and options on the exchange, with retail investors accounting for nearly 55% of the total derivatives trading volume.

9. Ripple CEO: Listed XRP Spot ETF Asset Management Surpassed $1 Billion in Less Than Four Weeks

Ripple CEO Brad Garlinghouse posted on X that the total assets under management for the listed XRP spot ETF surpassed $1 billion in less than four weeks, making XRP the fastest cryptocurrency to reach this milestone since the ETH spot ETF launch. In 2025, over 40 crypto ETFs have been launched in the US, reflecting huge market demand for regulated crypto products. As Vanguard opens crypto trading channels within traditional retirement/trading accounts, millions of ordinary users without technical expertise can now access cryptocurrencies. For new “off-chain” crypto holders, stability and community are underestimated yet critical themes.

10. Silk Road-Related Wallets Moved $3.14 Million in Bitcoin to Unknown Addresses After a Decade of Silence

According to The Block, hundreds of crypto wallets associated with the “Silk Road” (SR) that had been dormant for over ten years became active on Tuesday, transferring Bitcoin to an unidentified address. Data from Arkham Intelligence shows that about 8 hours ago, approximately 312 wallets linked to the now-closed dark web marketplace “Silk Road” collectively transferred Bitcoin worth $3.14 million to address “bc1q…ga54”. It remains unclear why these wallets suddenly became active. Arkham reports that as of now, wallets associated with “Silk Road” still hold about $41.3 million worth of Bitcoin.

11. Michael Saylor Proposes a New “Bitcoin Bank” Concept Targeting $20 Trillion to $50 Trillion in Dormant Capital Globally

Michael Saylor recently proposed a financial reform plan targeting the Middle East at the Bitcoin MENA conference. The core idea is to create a “zero-volatility, high-yield digital bank account” backed by Bitcoin, aimed at attracting enormous low-yield global capital. He pointed out that institutional funds in Japan, Europe, and Switzerland have been trapped in low-interest environments for a long time, lacking substantial returns—an opportunity for Bitcoin to become a new financial infrastructure.

Saylor’s design goal is not to attract crypto-sector funds but to reconstruct the global sovereign and corporate bond markets valued at $20 trillion to $50 trillion. He emphasized that current investors are forced to choose high-risk credit products simply because traditional bank accounts cannot offer sufficient yields. His solution is to enable regulated banks to offer yield rates of 8%, backed by Bitcoin, turning them into a new global capital hub.

Regarding specifics, Saylor recommends a structure similar to his company: 80% digital credit assets and 20% cash allocation, with a 10% reserve to offset volatility. This way, banks can provide a stable 8% return without taking on excessive risk. He stressed that this structure needs regulatory approval and can adjust reserves to control risk, liquidity, and returns—making it a “regulatable, scalable new financial product.”

He stated that if countries like Dubai, Abu Dhabi, or Bahrain launch zero-volatility, compliant, high-yield accounts exceeding risk-free rates by 400 basis points, they could automatically become the global digital banking center, attracting hundreds of trillions of dollars in high-net-worth and institutional capital from Europe, the US, and Japan. Saylor calls this the “ultimate financial product,” with its Sharpe ratio theoretically approaching infinity—symbolizing a “digital financial lightsaber.”

Meanwhile, Saylor’s theory is reflected in MicroStrategy’s actual operations. In recent disclosures, the company has rapidly purchased 10,624 BTC via ATM financing, worth nearly $1 billion at an average price of $90,600, representing its second-largest accumulation in H2 2025, further exemplifying its “swap stocks for Bitcoin” long-term strategy.

Overall, Michael Saylor’s “Bitcoin Bank” concept aims not only to redefine crypto assets’ role but also to build a new global financial order, positioning Bitcoin as a high-integrity digital capital infrastructure.

12. Data: SpaceX Transfers 1021 Bitcoin Again to New Wallet, Valued at About $94.48 Million

According to on-chain analyst OnchainLens (@OnchainLens), SpaceX has transferred 1021 BTC to a new wallet address, worth approximately $94.48 million.