Hilbert Group, a Sweden-based algorithmic crypto investment firm, has agreed to purchase high-frequency trading platform Enigma Nordic in a $32 million transaction. The deal combines newly issued shares and performance-based earn-outs, with Enigma required to generate $40 million in net income to unlock the full payout. Enigma has reported over 50 billion SEK (around $5.4 billion) in 2025 trading volume and a Sharpe ratio above 3.0, as Hilbert prepares to integrate the platform into its hedge fund and proprietary trading operations.

According to developer Edward Hennis on December 19, 2025, Ripple is preparing a protocol-native lending framework on the XRP Ledger with fixed rates and fixed maturities. Amendments are expected to enter validator voting in late January, and the design centers on Single Asset Vaults with designated administrators to manage underwriting and operations.

Uniswap's UNI advanced over 11% in the past 24 hours as governance activity and chart structure aligned. A vote running December 19–25 proposes burning 100 million UNI with a two‑day timelock and turning on fee switches, while AI agent payments and a KuCoin listing added catalysts. Price faces resistance near $6–$7, with potential targets at $7, $10 and $12 if buyers prevail.

On December 21, VanEck amended its AVAX spot ETF filing to introduce a staking component that would allocate 70% of the fund's AVAX to staking through Coinbase Crypto Services, subject to implementation. The planned structure includes a 4% service fee on staking rewards, aiming to improve yield, while Avalanche trades around $12 with a multi-billion-dollar market capitalization and notable recent price declines. The proposal has yet to receive formal confirmation from VanEck or regulators, leaving market participants to speculate on its potential impact on AVAX demand and ETF design.

Ripple is steering the XRP Ledger toward institutional-grade, protocol-native lending focused on fixed-term, fixed-rate facilities with isolated risk. The architecture centers on Single Asset Vaults for assets such as XRP and RLUSD, enabling yield generation tied to payments and trading workflows. Amendments for governance are expected to enter validator voting in late January.

As the year closes, PEPENODE promotes a mine-to-earn model that gamifies rewards without hardware and emphasizes staking and gameplay. Its presale highlights a deflationary mechanism that burns tokens used in upgrades and transactions, targeting meme coin and GameFi audiences through a virtual mining dashboard and node progression. The project's flow centers on user engagement via leveling, rewards, and leaderboards.

Ethena Labs transferred 101.79 million ENA worth $20.9 million to several centralized exchanges while ENA price held above the $0.20 support and traded around $0.2127. Despite the weekly decline and structurally bearish setup, on-chain data showed sustained whale participation and spot buying that temporarily absorbed sell pressure.

CryptoWzrd's latest daily update notes that Litecoin closed with a bullish candle while broadly mirroring Bitcoin's market trend, with intraday action staying volatile around key supports and resistance. The analyst highlights $75.20, $79.60 and $80 as crucial boundaries that separate bullish continuation from renewed downside, with a drop below these levels turning the outlook bearish and opening room for a move toward $68. Traders are encouraged to wait for clear confirmation at these price zones, especially during lower-liquidity weekend sessions.