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 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 10 December 2025, a filing outlined an ETF that would gain Bitcoin exposure only after regular U.S. equity trading hours and exit the position by the next morning. The strategy is based on historical data indicating stronger Bitcoin performance in late-evening and overnight sessions. Analysts describe it as part of broader financial-engineering experiments in the ETF space and position it as a specialized complement to existing spot Bitcoin ETFs.