Ripple in 2025 announced a new partnership with Switzerland-based AMINA Bank and obtained conditional approval from the US OCC to charter a national trust bank. Despite these milestones and the rollout of spot XRP ETFs with inflows near $1 billion, XRP has fallen more than 40% from its July all-time high of $3.65 and is struggling to stay above $2.00.

On December 12, 2025, the US Office of the Comptroller of the Currency conditionally cleared five crypto companies, including Circle, Ripple, Paxos, BitGo and Fidelity Digital Assets, to operate as national trust banks. The charters allow these firms to provide custody and selected banking services under a single federal framework, with Paxos permitted to issue stablecoins under federal oversight while Ripple's bank will not issue RLUSD.

Bitcoin slipped by several thousand dollars on Friday afternoon before stabilizing around $90,000. On December 12, 2025, President Donald Trump said next year’s interest rates could be at 1% or lower and later warned of land strikes against drug operations in Latin America. Despite the headlines, BTC remains just over $90,000.

MYX Finance's MYX rose more than 13%, while 24‑hour trading volume climbed over 20% to $38.66 million at press time. Open Interest increased 8.48% to $45.63 million and top traders' Long/Short Ratio reached 1.79 with 64.22% long accounts, according to CoinGlass. Price holds above $3.03 and a heatmap highlights liquidity near $3.20 and $3.45.

Bernstein Private Wealth Management analysts argue that the traditional 4‑year crypto cycle has ended and forecast Bitcoin to reach $150,000 in 2026 and $200,000 in 2027. Other market commentators expect the extended bull phase and rising liquidity to benefit BTC alongside Ethereum, XRP, AI-focused tokens such as Bittensor, and newer DeFi and layer‑2 projects including Aster and Bitcoin Hyper.

On December 10, OKX sent a letter to Mantra contesting public comments from CEO JP Mullin and later issued a statement alleging coordinated OM trading that pushed the token's price up before a sharp crash. Mullin has repeatedly urged users to withdraw OM from OKX and insists ERC-20 OM cannot migrate before its deprecation on January 15, 2026, leaving holders facing conflicting timelines. OKX says it backs the migration, has involved regulators and law enforcement, and argues that blocking it could unfairly impact its users.

Coinbase is preparing to launch an internal prediction market in partnership with Kalshi. The Information said on November 19 that the product would be powered by Kalshi, with a formal unveiling slated for the Coinbase System Update event on December 17. A leaked dashboard screenshot shared by Jane Manchun Wong on X hints at the upcoming features.

On a volatile Friday session, the crypto market is extending losses as Bitcoin slides under $92,000 and major tokens drop roughly 5–10%. Selling pressure is being linked to concerns that the Bank of Japan may raise interest rates at its December 18–19 meeting, draining global liquidity and weighing on risk assets. Analysts are watching downside levels around $86,000 with potential sweeps toward $78,000–$80,000 and even $74,000, while the December 19 options expiry adds another layer of volatility.