On December 5, 2025, OKX laid out plans to end OM services and migrate users by late December, prompting a warning from MANTRA CEO JP Mullin on December 8. MANTRA says Governance Proposal 26 allows migration only after ERC-20 OM is deprecated on January 15, 2026 and links the timing to further technical review. The project is urging users to keep direct custody of their OM and withdraw from OKX, arguing that the exchange’s dates conflict with official governance rules.

On December 8, 2025, XRP extended its decline toward the $2 level after dropping from $2.20, stoking fresh concern among holders as social sentiment fell into the “Extreme Fear” zone, according to Santiment. At the same time, ETFs tied to XRP have recorded 15 consecutive days of net inflows totaling nearly $900 million, SoSo Value data show. XRP has recently rebounded from support around $1.95 and is trading within a falling channel, with a breakout above $2.20 on strong volume potentially opening the way for a move toward the $3 area.

On December 6, 2025, Vitalik Buterin proposed an on-chain gas futures market to let users lock in transaction costs and reduce volatility. The setup described points to a 19‑month bullish pattern, with a bounce near $2,750 and a potential neckline at $5,500. The scenario also includes a possible extension toward $10,000.

XRP derivatives showed a 29,668,367% liquidation imbalance, with $175,000 in long liquidations and just $588 on the short side, according to CoinGlass. On the four-hour view, the skew indicates minimal bearish participation even as price eased earlier in the session. This suggests pullbacks are being driven by long-leverage unwinds rather than new short pressure.

Crypto markets reflected a cautious tone as the Fear and Greed Index hovered near 24 and Bitcoin traded around $90,000, up about 1% over the past 24 hours. Mid-cap tokens led by Canton, Ethena and Ondo advanced, with CC at $0.074 (+19%), ENA near $0.28 (+11%) and ONDO near $0.48 (+8%) as selective rotation returned.

On 8 December 2025, Abu Dhabi Global Market expanded USDT's classification under its regulated framework, designating it as an Accepted Fiat-Referenced Token. The revision adds nine further networks to its scope, building on existing permissions for Ethereum, Solana and Avalanche. Regulated firms in the financial free zone can deploy USDT in supervised use cases such as settlement and asset servicing, according to ADGM.

Pi Network’s PI token, which began trading in early 2025 and briefly reached $3, has since fallen to about $0.22, a decline of roughly 93%. An X analyst argues that defending a key support level and reigniting investor interest are essential for any rebound, while more than 183 million PI are set to be unlocked over the next 30 days, adding to potential selling pressure.

Shiba Inu’s spot trading volume on U.S. exchange Kraken jumped 2,394.51% over the past week as traders positioned around the token ahead of potential market catalysts, CoinGlass data show. SHIB is trading near $0.000008513 with weekly gains, while analysts point to shifting bid/ask dynamics and a possible accumulation phase for altcoins despite ongoing caution in the market.