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Backed Finance and Chainlink have launched xBridge, a new bridge designed to transfer tokenized stocks between the Solana and Ethereum blockchains, Coindesk reported. The bridge utilizes Chainlink's Cross-Chain Interoperability Protocol (CCIP) and is capable of tracking stock splits, dividends, and other corporate actions. Currently in a pilot phase, there are plans to expand support to other blockchains, including Mantle and Tron.

Abu Dhabi National Oil Company (ADNOC) Distribution will now support payments using the stablecoin AE Coin at 980 of its gas stations, convenience stores, and car washes across the UAE, Saudi Arabia, and Egypt, Coindesk reported. AE Coin is the first dirham-pegged stablecoin to be approved by the Central Bank of the UAE.

Poland's parliament has reintroduced a cryptocurrency bill that President Karol Nawrocki previously vetoed, CoinDesk reported. The legislation aims to establish a unified supervisory framework for crypto-assets, aligning the country with the European Union's Markets in Crypto-Assets (MiCA) regulation. Politically, the bill is also intended to address national security concerns related to Russia and former Soviet states. President Nawrocki had vetoed the earlier version of the bill, expressing concerns that its strict regulations could threaten the freedom and stability of Polish citizens.

Pyth Network has launched a buyback program this month, dubbed PYTH Reserve, which will allocate 33% of its DAO treasury to purchase PYTH tokens from the open market monthly. According to The Block, the buybacks will be funded by network revenue. The first purchase is expected to be between $100,000 and $200,000. The DAO treasury currently holds approximately $500,000.

Hong Kong-based China Asset Management plans to deploy Asia's first and largest tokenized money market fund on the Solana blockchain, according to a statement from Solana. The fund, which has already launched, includes the Hong Kong dollar, the U.S. dollar, and the yuan.

Ripple Payments has partnered with Swiss-based crypto bank Amina to build a fiat-to-stablecoin payment infrastructure for the bank, Cointelegraph reported. The move follows Amina's announcement in July that it would provide custody and trading services for Ripple's stablecoin, RLUSD.

The three major U.S. stock indices have opened mixed. The S&P 500 is down 0.17% and the Nasdaq Composite has declined 0.46%, while the Dow Jones Industrial Average has gained 0.2%.

The Royal Bank of Canada has purchased 77,700 shares of American Bitcoin (ABTC), BitcoinTreasuries reported. American Bitcoin is a Bitcoin mining and treasury company co-founded by Eric Trump and Donald Trump Jr.

German payment gateway DECTA anticipates that euro-denominated stablecoins will gain prominence in payments and tokenized finance as the Markets in Crypto-Assets (MiCA) regulation is fully implemented across the EU. The firm added that the success or failure of these stablecoins will likely be determined by 2026, Cointelegraph reported.

Cleveland Federal Reserve President Beth Hammack said she favors a slightly more restrictive monetary policy.

U.S. online brokerage Interactive Brokers has added support for stablecoin deposits, Bloomberg reported.

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, said he anticipates more interest rate cuts in 2026 than the median projection shown in the Federal Reserve's dot plot. The dot plot released after the most recent FOMC meeting currently indicates a single 25-basis-point cut for that year.

A whale address that had been dormant for three years deposited 200 BTC ($18.46 million) to Binance about an hour ago, Onchain-Lense reported.

Investment bank Barclays has lowered its price target for U.S. cryptocurrency exchange Coinbase (NASDAQ: COIN) to $291 from $357, Walter Bloomberg reported. The bank maintained its Equal Weight rating for the stock.

The decoupling between Bitcoin and U.S. stock markets has intensified in the second half of this year, Cointelegraph reported. While U.S. stocks have continued to rally since the Federal Reserve's third interest rate cut, Bitcoin has struggled with repeated fluctuations and has failed to break its bearish trend. Over the past six months, Bitcoin has fallen approximately 18%, whereas the Nasdaq Composite has risen 21%, the S&P 500 has gained 14.35%, and the Dow Jones Industrial Average is up 12.11%. This divergence reportedly became more pronounced after Bitcoin hit an all-time high in October and subsequently entered a correction. Industry experts believe this trend, occurring even as Bitcoin set several new highs this year, reflects structural changes within the digital asset market and a correction phase driven by profit-taking.

The XRP Ledger has released version 3.0.0 of its server software, rippled, according to CoinDesk. This version focuses on bug fixes, accounting accuracy, and improvements to protocol scalability. A key change corrects an accounting error that could affect multi-purpose tokens (MPT) held in escrow.

Jiuzi Holdings (JZCN), a Chinese electric vehicle manufacturer listed on the U.S. Nasdaq, announced it will sign a Memorandum of Understanding (MOU) with institutional investors to expand a private placement to as much as $1 billion. This represents a significant increase from the $12 million placement announced in October. Jiuzi plans to use the funds for its cryptocurrency business.

Bitcoin (BTC) and Ethereum (ETH) have demonstrated sharply contrasting exchange flow dynamics this week, according to an analysis by DeFi analytics layer Sentora, formerly known as IntoTheBlock. The firm's data shows a net outflow of approximately $1.34 billion in Bitcoin, indicating a significant movement of BTC from exchanges to private wallets. Sentora noted that this trend suggests a decrease in immediate selling pressure and a strengthening preference among investors for long-term holding. In contrast, Ethereum experienced a net inflow of $1.03 billion onto exchanges. This increase in exchange liquidity, following recent ETH price appreciation, could be interpreted as a sign of profit-taking or concerns over a potential oversupply.

Decentralized perpetuals exchange ASTER announced that it has listed RaveDAO (RAVE) from its Rocket Launch Round 4 and initiated a trading campaign. ASTER is the first decentralized exchange to list RAVE. Through a collaboration with WorldLibertyFinancial (WLFI), the RAVE/USD1 trading pair went live at 12:00 p.m. UTC on Dec. 12, becoming the first USD1-based pair on the platform. The campaign runs from 12:00 p.m. UTC on Dec. 12 to 2:00 p.m. UTC on Dec. 26, with a total of $200,000 in ASTER tokens and additional RAVE available as rewards for eligible participants. During the event, a 1.5x boost will be applied to RAVE/USD1 spot trading. Rewards are based solely on fees from spot buy orders, and each user's reward is capped at 3% of the total prize pool. The exchange also recently became the first DEX to list CYS, with the combined prize pool for the CYS and RAVE campaigns totaling approximately $250,000.

Pakistan's virtual currency regulatory authority (PVARA) announced that it has approved exchange license registrations for Binance and HTX.

Crypto wallet provider Phantom has announced the launch of its new Phantom Prediction Market service via its official X account. The service is based on technology from the decentralized prediction market Kalshi and will support trading in prediction contracts on topics such as sports, cryptocurrency, and culture.

South Korean crypto exchange Upbit has announced a temporary suspension of deposits and withdrawals for digital assets on the Arbitrum One network due to wallet system maintenance. The affected cryptocurrencies include ANIME, ARB, MLK, and BOUNTY.

Tether, the issuer of the USDT stablecoin, is considering options such as stock tokenization to provide liquidity for its investors after completing a share sale of up to $20 billion, Bloomberg reported, citing sources familiar with the matter. The sources stated that Tether is pursuing a share sale based on a company valuation of $500 billion. During this process, the company reportedly blocked some existing shareholders from attempting to sell their stakes at a lower valuation. Tether also plans to prohibit existing shareholders from selling their shares in future funding rounds and is exploring measures like share buybacks or tokenization to ensure investor liquidity once the deal is complete.

Starglow, a K-pop star platform built on Berachain (BERA), announced it will host its second community meetup on Dec. 20 at UNDERCITY near Seongsu Station. The event will feature the introduction of the final artists from its on-chain audition, "The First Glow," and the unveiling of the platform's roadmap. The meetup will also include a networking session, a live show, and unlimited beverages for attendees. Airdrops and raffle events will offer physical prizes such as AirPods, Galaxy Tabs, and Starbucks gift cards. Invitation codes will be prioritized for users who meet specific activity and platform contribution requirements, with separate applications available for partners and media. A Starglow representative stated that the event is an opportunity for the community and ecosystem to discuss the project's future direction, adding that updates on global expansion will be provided after the audition's final stage.

Fidelity has projected a long-term rally for Bitcoin (BTC), based on its developmental wave model. According to a report from the asset manager, an analysis of the model indicates that BTC has entered the mature stage of its fifth upward wave. This cycle, which began from a low of $16,603 in 2022, could potentially extend to approximately $151,360. The report notes that while the magnitude of price increases diminishes with each successive wave, the duration of each cycle lengthens. In the short term, Fidelity anticipates a year-end rally amid a monetary easing environment and expects Bitcoin to enter its sixth wave early next year.