Stocks

Bitget reported that cumulative spot trading in its tokenized stock products has exceeded $500 million, with activity concentrated in major U.S. technology names such as Tesla, Nvidia, Apple, and Meta. In the first week of December, the exchange handled over $88 million in Ondo-issued tokenized stocks, accounting for around 73% of that segment's market flow, and has committed to zero-fee trading on these products through January 16, 2026.

Rocket Lab said on December 19, 2025 it secured an $816 million SDA prime contract to build 18 Tracking Layer Tranche 3 satellites. On December 21, it completed its 21st Electron launch of 2025 with a 100% mission success rate. As of 5:10 AM EST on December 22, RKLB was up 5.23% to $74.21 after a 17.69% prior-session gain.

Metaplanet approved a capital restructuring on Monday to raise institutional funds via dividend preference shares, aiming to strengthen its Bitcoin treasury. The plan targets up to $150 million, introduces monthly dividends for Class A and quarterly payouts for Class B, and advances U.S. market access through American Depositary Receipts and OTC trading.

According to the Financial Times, Tether-majority-owned Northern Data sold its Bitcoin mining subsidiary Peak Mining for up to $200 million to three companies controlled by Tether executives. The sale, first disclosed without naming buyers in November, occurred shortly before video platform Rumble agreed to acquire Northern Data and is intertwined with a 610 million euro loan and large advertising and GPU deals between Tether and Rumble.

Tokenized stocks have surged 2,695% year to date in 2025, outpacing tokenized commodities (225%) and funds (148%), while stablecoins rose 49% in the same period. Ethereum remains the primary issuance venue, but Solana, BNB Chain, Arbitrum, Base, and Polygon have carved out notable market share. Issuers including Backed, Ondo Finance, Dinari, and Robinhood are driving adoption.

Quarter-to-date, Bitcoin has lagged risk assets, with BTC down 22% while the S&P 500 is up 2.18%. In a recent interview, Michael Saylor said Bitcoin's fundamentals remain strong in 2025; MicroStrategy added 31k BTC this quarter. Coin Metrics reports wrapped BTC supply, including WBTC and cbBTC, totals 172,130 BTC.

Intel's shares rose 86% in 2025 amid $9 billion from the US government via the CHIPS Act, plus $5 billion from Nvidia and $2 billion from SoftBank, alongside Lip‑Bu Tan's appointment as CEO in March 2025. Entering 2026, the foundry remained loss‑making and lacked a major outside customer, with analysts warning Intel has 12–18 months to secure a 14A client.

On December 21, 2025, Bank of America, Bernstein and Jefferies reaffirmed buy ratings on Nvidia, citing a $500 billion outlook across Blackwell, Rubin and networking through 2026. BofA and Bernstein kept $275 targets, Jefferies set $250. Analysts highlighted early‑2026 Blackwell‑based LLMs, valuation metrics, and pending H200 export licenses to China.

Bitwise Chief Investment Officer Matt Hougan anticipates Bitcoin will set new all-time highs in 2026, even as the current market appears bearish. He argues that the traditional four-year cycle is weakening, while institutional adoption, lower volatility, and reduced correlation with equities are reshaping BTC's market profile.

On December 21, 2025, Cleveland Fed President Elizabeth Hammack said rates should remain unchanged for months after three meetings cut a total of 0.75 percentage points. She cited inflation risks, noting the 2.7 percent CPI may be closer to 2.9 percent to 3.0 percent, and pointed to tariffs and higher input costs that could lift prices in early 2025.