The Central Bank of Russia has released a draft framework to allow cryptocurrency investing while setting differentiated rules for retail and qualified investors, with full implementation targeted for July 2026. Retail participants would face an annual cap of 300,000 rubles and must pass a competency test, while qualified investors could invest without such limits apart from anonymous tokens, and only licensed intermediaries would be permitted to handle crypto transactions.

Amplify has listed two new exchange-traded funds on NYSE Arca that focus on companies involved in stablecoin and tokenization infrastructure. The stablecoin ETF and the tokenization ETF provide equity exposure to firms such as Visa, Circle, PayPal, BlackRock and JPMorgan that derive revenue from digital asset payments, infrastructure and tokenized financial services.

Upexi filed a shelf registration to raise up to $1 billion, saying proceeds may fund general purposes and expansion of its Solana holdings. The stock closed Tuesday down 7.54% to $1.84, then rose 4.34% after hours to $1.92. The firm holds 2.1 million SOL valued at $262.3 million.

On Tuesday, the S&P 500 finished at a record after a US Q3 GDP revision to 4.3%, and on Wednesday Bitcoin eased in early Asian trade. Bitfinex analysts said BTC rebounded from the low $80,000 support but faces supply between $94,000 and $120,000. Gold set a fresh high above $4,500, with $4,520 shown in a CoinGecko post on December 24, 2025.

On November 24, Bitcoin traded near $88,438 as Coinbase saw roughly $21.0 billion in seven‑day BTC/ETH inflows, while Binance recorded about $15.3 billion. By December 21, with Bitcoin close to $88,635, Coinbase fell to around $7.8 billion and Binance rose to roughly $10.3 billion, signaling tighter liquidity and a shift in venue activity.

The market is described as being in a late-stage downtrend where selling pressure is fading even as fresh capital remains scarce. Shiba Inu has already lost around half of its value from local highs, Ethereum has printed a minor daily death cross, and Bitcoin’s retreat toward $80,000 is being watched to see if it forms a base or extends its decline. Analysts note that weakening downside momentum across several majors may point to corrective action rather than a new, aggressive bearish leg.

The S&P 500 index has advanced to a new all-time high of $6,900, extending a rally in U.S. equities, while the global crypto market cap remains capped below $3 trillion around $2.9 trillion. Technical readings show equity momentum staying firm, but crypto indicators point to cooling demand and repeated failures to break the $3 trillion threshold.

Stablecoins are being withdrawn from major exchanges at the fastest pace of the current cycle, even as their overall supply continues to climb and remains largely backed by U.S. Treasuries. With Bitcoin down about 36% from its early October peak and open interest sliding by more than 40%, traders are cutting leverage, shifting stablecoins across networks like TON, Ethereum, and Polygon, and staying on the sidelines until market conditions improve.