Daily Market Wrap | Dec. 12

Hot Topics

Bitcoin and Ether steady at $92K and $3,200; Oracle drops more than 11% on AI capex fears.

Cross-party UK lawmakers urge Chancellor Rachel Reeves to revise BoE’s stablecoin framework to foster innovation, warning of capital flight to dollar-pegged assets.

CFTC grants no-action leeway to Polymarket, Gemini, PredictIt, and LedgerX, exempting them from certain recordkeeping requirements.

Market Updates

JPMorgan facilitates Galaxy’s USDC-settled commercial paper issuance on Solana, advancing tokenized RWAs with Coinbase and Franklin Templeton backing.

YouTube enables U.S. creators to receive payouts in PayPal’s PYUSD stablecoin.

Hex Trust to issue and custody wXRP for DeFi expansion across chains.

BTC-0.4%
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