After a weekend of consolidation, the crypto market opened trading in the same tight range, with global capitalisation hovering close to $3 trillion and 24-hour volume rising into the $70–80 billion band. Bitcoin is holding short-term support, Ethereum remains above $3,000, and several large-cap tokens show selective strength, while repeated resistance failures and derivatives leverage clean-ups keep conditions choppy. Upcoming US macro data and ETF flows could push Bitcoin toward higher resistance or trigger a breakdown, leaving markets broadly range-bound but increasingly volatility-sensitive.

On December 22, 2025, the People's Bank of China introduced a one-time credit repair policy for individuals with overdue credit records below 10,000 yuan incurred between 2020 and 2025. Eligible borrowers who fully repay these debts by March 31, 2026 will have related overdue entries automatically removed from their credit reports, a move positioned as part of broader post-pandemic economic support.

A bipartisan group of 18 US House lawmakers led by Republican Mike Carey has asked the Internal Revenue Service to revise its crypto staking tax guidance before the start of 2026. They argue current rules can tax staking rewards when received and again on sale, and want tax applied only at disposition to reflect actual economic gains. Another draft proposal from Representatives Max Miller and Steven Horsford would exempt small stablecoin payments from capital gains and allow taxpayers to defer income on staking and mining rewards for up to five years.

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.

The US Federal Reserve is inviting comments on a proposed "payment account", sometimes called a "skinny master account", that could give fintech and crypto firms limited access to its systems. The accounts would not earn interest, have no Fed credit, and face balance caps. Feedback closes 45 days after Federal Register publication, with launch targeted for the fourth quarter of 2026.

Ohio Representative Max Miller and Nevada Representative Steven Horsford are drafting a US House bill to create a tax safe harbor for cryptocurrency and stablecoin transactions. The proposal would exempt certain regulated stablecoins from capital gains tax and move crypto taxation closer to existing securities rules, potentially influencing market participation and digital asset adoption.

Inversion Capital CEO Santiago Roel Santos warned that prediction market products on platforms like Robinhood, Coinbase and Gemini could raise user liquidation risk and accelerate churn. He argued that these "casino-like" features may boost short-term revenue but undermine long-term value capture, as users who are fully liquidated leave the platform. Santos suggested fintech apps should instead focus on products that support users as they mature financially, such as credit cards, insurance and savings tools.

Ethereum's mainnet is currently handling between $90 billion and $100 billion in daily stablecoin transfers, with monthly volumes reaching as high as $2.82 trillion in October 2025. Over the past three months, Solana's on-chain SOL-USD activity has matched or exceeded the combined spot volumes of Binance and Bybit, as stablecoin markets on both chains grow and segment between USDT on Ethereum and USDC on Solana.