On December 14, 2025, The Daily Hodl reported that the Office of the Comptroller of the Currency conditionally approved national trust bank charters for five digital asset-focused firms. Two are new charters—First National Digital Currency Bank and Ripple National Trust Bank—and three are conversions for BitGo Bank & Trust, National Association; Fidelity Digital Assets, National Association; and Paxos Trust Company, National Association.

On December 12, 2025, Fundstrat's Tom Lee told CNBC he sees the S&P 500 ending this year near 7,000 and reaching about 7,700 next year, implying a roughly 10% gain. He warned that 2026 could feel like a bear market as a new, more dovish Federal Reserve leadership is tested and markets react to potential Supreme Court action on tariffs.

On December 10, 2025, a U.S. banking regulator outlined that lenders can facilitate customer crypto transactions without carrying the assets on their balance sheets, according to an interpretive letter from the Office of the Comptroller of the Currency (OCC). The letter permits national banks to act as riskless principal intermediaries for non‑security crypto assets such as Bitcoin. Institutions must manage settlement risk and comply with applicable laws.

Bitcoin climbed 6.98% to $93,099 from $87,019 over 24 hours after Vanguard reversed its policy on cryptocurrency ETFs. The asset manager enabled clients to purchase funds holding Bitcoin, Ethereum, XRP, and Solana on Tuesday. Bloomberg ETF analyst Eric Balchunas linked the rally to what he called the "Vanguard Effect," noting $1 billion in IBIT volume within the first 30 minutes of trading.

Digital asset investment products recorded $1.94 billion in net outflows during the week ending November 25, 2025, data show. Bitcoin products accounted for $1.27 billion of the withdrawals, while Ethereum products saw $589 million exit. XRP attracted $89.3 million in inflows, bucking the broader trend.

Ethereum, Chainlink and Cardano are showing Market Value to Realized Value metrics between -15.4% and -19.7% for 30-day active wallets, data show. Santiment states these levels historically signal potential accumulation zones. Bitcoin's social dominance reached a four-month high as the price fell below $95,000, reflecting heightened retail concern.

Bitcoin dropped below $100,000 for the first time since June, reaching approximately $99,075 and triggering $2.02 billion in leveraged position liquidations across the cryptocurrency market. The decline occurred alongside a broader equity market selloff, with long positions accounting for the majority of liquidations.