On 12 December 2025, JPMorgan disclosed it had completed a short‑term commercial paper issuance for Galaxy Digital on the Solana network. The deal was settled entirely in USDC with partners including Coinbase and Franklin Templeton, marking a live test of public blockchains for regulated market infrastructure.

On 12 December 2025, Bhutan's Gelephu Mindfulness City announced TER, a sovereign digital token backed by the country's gold reserves and issued via DK Bank on the Solana blockchain. Matrixdock is responsible for the tokenization of the underlying gold, and the initiative forms part of Bhutan's wider push into blockchain, which also includes Bitcoin mining, a state-managed crypto reserve, and crypto payment options for tourists.

On 10 December 2025, Chinese financial regulators issued a warning about the use of digital assets in fraudulent fundraising, singling out Pi Coin as a key area of concern, according to the article. Officials argued that Pi’s large base of everyday users, slow development and opaque progress have made it a target for schemes that promise mining returns and guaranteed profits. The notice is presented as part of Beijing’s broader push to curb speculative cryptocurrency activity while still backing tightly controlled blockchain trials.

On December 6, 2025, Ethereum co-founder Vitalik Buterin outlined on X a trustless, onchain gas futures market to let users lock in transaction fees for future periods. The design mirrors traditional futures and would allow heavy network users, traders, and developers to hedge against fee spikes. It aims to give participants more certainty when planning costs.

PEPE has traded in a downtrend since late September, but technical indicators point to a possible short-term rebound of 12-15% toward key resistance levels. The Stochastic RSI has formed a bullish crossover, while accumulated short liquidation positions have grown significantly. These conditions could trigger a relief rally before the broader bearish trend continues, according to chart analysis.

Limitless's native token LMTS fell over 58% on October 22, hours after its token generation event. On-chain data show a team-controlled wallet sold $1.4M worth of tokens, triggering a price collapse from $0.35 to $0.20. The project's founder attributed the activity to an on-chain market-maker strategy using concentrated liquidity on Aerodrome.

Hyperliquid's HYPE token rose 7.25% to $37.24 over 24 hours while Bitcoin fell 2.07% for the week to $108,848.27. Nasdaq-listed Sonnet BioTherapeutics completed an $888 million reverse merger with Rorschach I LLC on October 22, creating Hyperliquid Strategies Inc. The new entity holds approximately $583 million in HYPE tokens and plans to raise $1 billion through a 160-million-share offering to fund additional token acquisitions.

Hyperliquid Strategies filed an S-1 registration statement with the SEC on Wednesday to raise up to $1 billion through a 160 million share offering. The company, formed from the merger of Nasdaq-listed Sonnet BioTherapeutics and Rorschach I LLC, plans to use proceeds for additional HYPE token purchases and corporate expenses. Upon completion, the entity will hold 12.6 million HYPE tokens valued at approximately $470 million, positioning it as the largest corporate holder of the token.