On December 23, spot XRP ETFs posted $8.19 million in net inflows, according to SoSoValue, extending a streak that has reached $1.13 billion. In contrast, BTC and ETH funds recorded net outflows, while SOL products have stayed positive since December 3, amassing $754 million as of Tuesday’s close.

Spain plans to apply the EU's DAC8 directive from January 1, 2026, requiring crypto exchanges and service providers to report user transactions and balances. The country also aims to complete implementation of the Markets in Crypto-Assets (MiCA) framework by July 2026, bringing standardized rules for token issuance, marketing, and stablecoins. These changes will tighten tax oversight and align Spain with broader European crypto regulation.

On December 24, 2025, the Central Bank of Russia published a draft framework for cryptocurrency investing that distinguishes between qualified and unqualified participants. It introduces testing, permits unqualified investors to buy up to 300,000 rubles annually, and leaves qualified investors largely unrestricted except for anonymous currencies. The plan envisions routing crypto transactions through licensed institutions by July 2026, with further legislative steps expected through 2027.

Spain plans to fully apply EU crypto frameworks in 2026, targeting mid‑2026 for MiCA enforcement and January 1, 2026 for DAC8. The CNMV will supervise MiCA, and firms must secure authorization by July 1, 2026. DAC8 will require automatic reporting of transactions and balances and grant seizure powers to tax authorities.

ZOOZ Strategy Ltd said on Monday it received a December 16 notice from Nasdaq's Listing Qualifications Department stating it no longer meets Rule 5550(a)(2)'s $1.00 bid minimum on the Capital Market. The company has until June 15, 2026 to achieve at least 10 straight sessions at or above $1 and is evaluating a reverse split. Google Finance shows the stock down over 84% in 12 months.

Glassnode said on Tuesday that the 30-day SMA of net flows for US spot Bitcoin and Ether ETFs has been negative since early November, signaling muted institutional participation. Coinglass reported four straight trading days of aggregate Bitcoin ETF outflows, while the Kobeissi Letter cited $952 million leaving crypto funds last week. BlackRock's IBIT still drew minor inflows and totals $62.5 billion since inception.

BlackRock is expanding its digital assets team with new roles in New York, London and Singapore. According to job listings, openings span associate to managing director, including a New York MD role paying $270,000 to $350,000 and an APAC MD in Singapore. The push covers tokenization, stablecoins, market structure, fund services and compliance.

Nasdaq-listed iPower Inc. announced on December 23 a $30 million convertible note financing to fund a Digital Asset Treasury focused on Bitcoin and Ethereum. The company said the initiative aligns with long-term growth goals and will allocate 80% of future tranches to digital asset acquisitions. Bitcoin was around $87,372.63 at publication, according to CoinMarketCap.