Prenetics Global Limited paused its Bitcoin treasury purchases on Dec. 4 and will not add more BTC as it reallocates capital to grow IM8. The firm retains 510 BTC and over $70 million in cash; IM8 has topped $100 million in annualized recurring revenue within 11 months. Prenetics' shares fell 3.32% Tuesday, per Google Finance.

Nasdaq-listed Cypherpunk Technologies has expanded its digital asset treasury by acquiring 56,418 Zcash tokens for roughly $29 million, pushing its total ZEC holdings to 290,062.67. The Winklevoss Capital–backed firm now controls about 1.76% of Zcash's circulating supply and aims to reach 5%, while ZEC has climbed over 800% in the past year amid renewed debates over privacy and digital surveillance.

Crypto derivatives activity climbed in 2025 as traders shifted to onchain perpetual futures, according to Coinbase researcher David Duong. He said decentralized exchanges were processing over $1 trillion in monthly perp volume by late in the year, with leverage and the lack of an altcoin season drawing participants to perps rather than spot.

Strategy acquired 1,229 BTC during Dec. 22–28 for an aggregate $108.8 million funded by at-the-market equity sales, lifting its Bitcoin holdings to 672,497 BTC at a $74,997 average per coin. The firm recorded 41 purchase weeks in 2025, with major single buys of about 22,049 BTC, 21,021 BTC and 20,356 BTC earlier in the year.

On CNBC's Power Lunch, Fundstrat co-founder Tom Lee argued that Wall Street's push to tokenize assets on Ethereum could support an Ether price of $7,000–$9,000 by early 2026, with a longer-term scenario of $20,000. He linked ETH's investment thesis to its growing use as financial infrastructure, while data show Ethereum leading in tokenized real-world assets and about $170 billion in stablecoin issuance.

USX, a Solana-based dollar-pegged stablecoin, briefly traded below $1 on Orca and Raydium amid thin liquidity early Friday. According to PeckShieldAlert, prints hit $0.10 before market depth returned, while GeckoTerminal data showed a dip to about $0.80 and a recovery near $0.99. Solstice Finance said it began injecting liquidity around 04:30 UTC and affirmed overcollateralized reserves.

Pudgy Penguins ran animated visuals across the Las Vegas Sphere’s exterior, with the display going live on Christmas Eve, according to a post on X. The 2021-founded NFT project, acquired by Luca Netz in April 2022 for $2.5 million in Ether, has broadened into physical toys alongside digital collectibles.

On Dec. 17, DTCC outlined plans to tokenize a portion of U.S. Treasury securities held at its Depository Trust Company on the Canton Network. Over the past week, Canton Coin rose about 27%, while Bitcoin and Ether slipped around 0.5% and Solana fell roughly 3.3%, according to CoinGecko. The announcement underscores growing institutional momentum behind tokenized real-world assets.

Kyrgyzstan President Sadyr Japarov said on Wednesday that KGST, a stablecoin pegged to the national currency som, has been listed on Binance and is intended to support cross-border payments. The move follows new crypto legislation, the launch of the gold-backed USDKG dollar stablecoin on Tron with 50 million units, and plans to establish a national crypto reserve as part of the country’s broader digital asset strategy.