This article summarizes the cryptocurrency news from December 12, 2025, focusing on the latest news regarding Bitcoin, Ethereum updates, the Dogecoin trend, real-time cryptocurrency prices, as well as price forecasts. The major Web3 events of the day include:
1.
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has granted permission, in the form of a no-action letter, to the Depository Trust & Clearing Corporation (DTCC), allowing it to host and recognize tokenized stocks and other real-world assets (RWA) on the blockchain. This move enables the DTCC to provide tokenization services for a period of three years on a previously approved blockchain. SEC commissioner Hester Peirce stated in a statement: "Although this project is still in its early stages, with various operational limitations, it represents an important step towards migrating the market to the chain." Michael Winnike, head of global strategy and market solutions at the DTCC's clearing and securities services department, indicated in an interview that after obtaining this permission, the DTCC would also expand its registration efforts on the blockchain.
As the central counterparty and clearinghouse of the U.S. financial system, DTCC plays a crucial role in the field of equities and fixed-income products. Many liquid assets from the U.S. market are held in the custody section of DTCC — the Depository Trust Co. The company plans to launch new tokenization services in the second half of next year.
2、
According to CoinDesk, the cryptocurrency sector no longer needs to be mentioned in the annual list of risks to the U.S. financial system established by the Financial Stability Oversight Council (FSOC), but this is not an exception, as the report no longer focuses as much on the 'vulnerability' of the financial system. The 2025 FSOC report has completely removed the term 'vulnerability' that previously appeared frequently. In the introduction letter of the report, Treasury Secretary Scott Bessent acknowledged that prior analyses aimed to identify dangers that could disrupt the financial system.
This 2025 report does not contain 'recommendations' regarding digital assets, nor explicit expressions of concerns about them. The section on digital assets details how U.S. financial regulatory authorities with jurisdiction over cryptocurrency have changed their past policy positions. The majority of the report praises the benefits of the digital asset sector, but in the subsection on 'illegal finance,' it states that stablecoins could 'be abused to facilitate illegal financial transactions.' However, it also specifies that 'in the next ten years, the continued use of dollar stablecoins will likely strengthen the dollar's position in the international financial system.'
3、
Hex Trust plans to issue and host wXRP, a token indexed 1:1 to XRP, with the aim of expanding the use of this asset in decentralized finance (DeFi) and cross-chain applications.
As a regulated custodian, the company states that this initiative breaks the limitation that XRP can only circulate on the XRP Ledger; on blockchains like Ethereum where the Ripple stablecoin RLUSD is already active, wXRP will be able to form trading pairs with RLUSD, bringing liquidity to the market.
In a statement released to the blockchain media platform The Block, Hex Trust specifies that authorized merchants will be able to mint and redeem wXRP in a secure, automated, and fully compliant environment. The company emphasizes that wXRP is fully indexed to the native XRP managed under its regulatory custody, allowing for full redemption; users will also be able to earn yields through partner DeFi platforms.
The total value locked (TVL) at the launch of wXRP will exceed $100 million. Hex Trust states that this scale will provide a solid liquidity base for the token, ensuring transaction fluidity and price stability.
4、
Ant International, HSBC, and Swift successfully completed a cross-border transfer test using tokenized deposits, marking the first use of the ISO 20022 message standard and the Swift network for a cross-border tokenized deposit payment. During the test, Ant International in Singapore and HSBC connected their blockchain infrastructure to the Swift network, allowing for real-time management of cross-border funds between Singapore and Hong Kong via HSBC's tokenized deposit service. Swift and HSBC introduced a universal protocol allowing Ant International to avoid entering into separate bilateral agreements with each bank. The three companies stated that this solution, compliant with ISO 20022 standards, enabled blockchain interoperability on the Swift network, combining Ant International's technology with HSBC's tokenized deposit service.
5、
The digital asset management firm Bitwise has posted a message on X in support of Strategy, expressing its deep disappointment with MSCI's proposal to remove Strategy from its accessible global investment index, which aims to accurately reflect the market rather than judge the superiority of a business model. Bitwise believes that exchange-traded products cannot replicate the operational model of Strategy, which also creates value for its shareholders. The rule change proposed by MSCI deprives investors of investment opportunities in the digital asset category and its leading players, placing them at a disadvantage.
6、
Meshflow Acquisition, a special purpose acquisition company (SPAC) listed on Nasdaq, announces it has closed its initial public offering, issuing 34.5 million units (Class A common shares and redeemable warrants) at a price of $10, for a total raise of $345 million. The company will seek mergers, acquisitions, stock exchanges, asset acquisitions, stock buybacks, restructurings, or similar operations in the fields of crypto infrastructure, decentralized coordination tools, Web3 middleware, asset tokenization, decentralized finance protocols, etc.
7、
According to DL News, in early November, the Ethereum-based yield protocol, Stream Finance, stated that an 'external fund manager' had lost $93 million in cryptocurrencies, representing about 17% of assets under management. On Monday, the co-founder of Stream filed a lawsuit on behalf of Stream Trading Corp., accusing a Georgia resident, Ryan DeMattia, of misappropriating the money after defaulting on his personal loan, and also denouncing a Florida resident, Caleb McMeans, for failing to comply with a sponsorship agreement and brand signed in January of this year. The court could compel the enforcement of the agreement, as McMeans is suspected of attempting to evade his responsibilities.
The lawsuit details a short and tumultuous history of the Stream agreement, which only operated for nine months before its closure in November 2024, due to a slowdown in growth and 'operational challenges.' After the acquisition, McMeans took full control according to the agreement; Stream acted as a service provider, McMeans was to allocate fees, assume responsibility, and report on fund flows. However, after several cascading agreements, it became increasingly difficult to track Stream's trading strategy in real-time. In September, the co-founders requested more transparency, but McMeans delayed the response. He eventually admitted to allowing an 'employee,' DeMattia, to invest over $90 million off-chain, and to helping DeMattia evade the co-founders' questions. McMeans ultimately conceded, admitting he had no formal relationship with DeMattia, and agreed to recover the cryptocurrency he had entrusted to this 'employee.'
8、
Following the incident of the Sei app pre-installation on Xiaomi, Sei's official website posted a message on X explaining: 'Brief explanation regarding the Xiaomi news: this collaboration involves pre-installing a mobile financial application based on Sei, and activating Web3 access for mobile users. For now, Xiaomi does not support or directly manage any cryptocurrency or stablecoin payment functions. Exclusive features based on the Sei app will be gradually launched, stay tuned.'
9、
The Solana ecosystem, through the MEV-based liquid staking rewards protocol, Toby, announced during the Breakpoint conference the launch of the TOBY token, designed to bring base income to Solana through OpenMEV. OpenMEV aims to meet a real income demand of $10 billion in the ecosystem and will be integrated with several popular protocols such as Jupiter, Sanctum, Kamino, and Drift.
10、
Yili Hua, founder of Liquid Capital (formerly LD Capital), posted on social media that he remains firm in his bullish outlook for Ethereum. The reasons: 1) Strengthened trust on Wall Street: the recent statement from the SEC chair 'the financial migration to the chain,' and the American political and economic elite pushing for the tokenization of U.S. government bonds, with Ethereum at the heart of the process. 2) The Fusaka upgrade redefines value: the spike in Blob fees, with over 1500 ETH burned in a day, representing 98%. L2 growth supports the main network, and deflation is looming. 3) Very favorable technical analysis: speculative leverage has fallen to a historically low level of 4%, and only 10% of assets are on CEX. ETH/BTC remains in range, the downward trend is weakening, and short liquidations could happen at any moment. In a context of a declining interest rate cycle, funds are migrating from BTC to ETH, which has true practical value.
11、
Recently, Ms. Yu and her husband made a mutual transfer of 250 yuan via China Construction Bank, with the note 'Dogecoin this week,' which led to a bank inquiry and the blocking of the card. Both received calls from the bank to verify their relationship and the reason for the mention, which triggered 'virtual currency management.' Their account was set up in 'non-received, non-paid' mode. A bank employee informed them that to unlock the account, they would need to provide their bank statements from recent months, and then sign a declaration stating that it was not a virtual currency transaction nor that they would participate in such transactions in the future. Her husband, strongly opposing the restriction, is currently discussing with the employee at their agency. News Weekly contacted the customer service of CCB, which indicated that it had not received any information regarding virtual currency management and advised to consult the relevant branch. Subsequently, News Weekly contacted the Tianjin branch where Ms. Yu's account is opened, but the staff stated they were unaware of the situation. The staff at the Dalian branch where the husband is a client explained that if the account involved virtual currency transactions, the bank would apply 'non-received, non-paid' management, and if the transfer wording mentioned 'Dogecoin,' proof would need to be provided that this mention had nothing to do with virtual currency. But how to prove it? With only the bank statement, it is not possible. Therefore, these managed accounts cannot be unlocked, only closed. The exact rules are not specified. Currently, Ms. Yu has submitted her husband's bank statements and a handwritten declaration, requesting the lifting of the restrictions. Her husband indicated that after presenting their marriage certificate, he could apply to lift the restriction. According to Xinhua News Agency, the Chinese Internet Finance Association and seven other associations jointly issued a risk notice, requesting their members not to participate in the issuance and transactions of virtual currencies or real-world assets in China, and reminding the public to exercise caution regarding risks and to steer clear of illegal activities.
12、
World announced a major update to its app, integrating encrypted messaging, virtual accounts, and support for over 100 assets for crypto payments, evolving into a 'super app' combining identity and global payments. This project, led by Sam Altman, aims primarily to provide reliable human identification tools in an era of rapid AI development.
According to the official announcement, this update will allow users to send, recharge, and withdraw cryptocurrencies in the World wallet and virtual account, with a payment experience simplified like Venmo. The new version supports USDC, EURC, wrapped Bitcoin, Ethereum, and over 100 other cryptocurrencies, covering a broader digital asset ecosystem.
The launch conference took place at World headquarters in San Francisco, where Sam Altman and co-founder and CEO Alex Blania presented these new features. The team emphasizes that the new application integrates authentication, financial operations, and core communication, creating the first mobile payment tool driven by cryptographic identity.
The new encrypted messaging feature supports end-to-end encryption, differentiating verified and unverified users by blue or gray bubbles, ensuring the security and privacy of exchanges. User profiles will be compared to Orb data stored on the device to enhance identity verification.
In addition to messaging, the new app introduces a system of virtual accounts. Users can now receive their salary, deposit bank funds, and convert them into cryptocurrencies directly within the app. The platform also allows for exchanging and trading native World Chain tokens and real assets like tokenized gold, offering more asset choices.
Since its launch in 2023, World has continuously strengthened its authentication capabilities. The iris recognition project launched in May allows for the generation, in 30 seconds, of a unique IrisCode from facial and iris data for on-chain identification. With this update, World continues to enrich its ecosystem and promote the mainstream adoption of cryptocurrencies in daily life.
13、
According to an official announcement, Solana's independent validation client, Firedancer, developed by Jump Crypto, has been launched on the mainnet after three years of development, and has been running stably for 100 days on a few validators, successfully producing 50,000 blocks.
