News/Daily Market Wrap | Dec. 12

Daily Market Wrap | Dec. 12

Dec 12,2025,17:40

Hot Topics

  • Bitcoin and Ether steady at $92K and $3,200; Oracle drops more than 11% on AI capex fears.
  • Cross-party UK lawmakers urge Chancellor Rachel Reeves to revise BoE's stablecoin framework to foster innovation, warning of capital flight to dollar-pegged assets.
  • CFTC grants no-action leeway to Polymarket, Gemini, PredictIt, and LedgerX, exempting them from certain recordkeeping requirements.

Market Updates

  • JPMorgan facilitates Galaxy's USDC-settled commercial paper issuance on Solana, advancing tokenized RWAs with Coinbase and Franklin Templeton backing.
  • YouTube enables U.S. creators to receive payouts in PayPal's PYUSD stablecoin.
  • Hex Trust to issue and custody wXRP for DeFi expansion across chains.
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