Bitcoin price spent the week stuck near $90K, with every breakout attempt getting slapped down around $94K, even after the Fed’s rate cut. The problem isn’t “sentiment,” traders say; it’s liquidity. Stablecoin inflows have thinned out, and long-time BTC holders selling covered calls are quietly adding downside pressure whenever the price tries to run.
Still, the market found reasons to bid. The SEC cleared DTCC’s plan to tokenize stocks, bonds, and Treasuries, Coinbase moved deeper into prediction markets and tokenized equities, and real-world asset plays caught a fresh tailwind. Elsewhere, DOGE ETFs struggled, VeChain’s tokenomics shift rattled holders, and XRP headlines stayed loud.
Read the full recap for the week’s biggest winners, losers, and turning points.
VeChain Slips After Hayabusa Upgrade Reshapes Tokenomics
VeChain’s VET token fell about 3.5% to near $0.0117 after the Hayabusa mainnet upgrade went fully live, ending passive VTHO rewards and shifting emissions to staking-only validators. The change likely triggered short-term selling and lower liquidity. Despite weak price momentum near multi-year lows, on-chain data shows strong development activity, with analysts saying network fundamentals now outpace market pricing.
Dogecoin ETFs Struggle as Price Stays Near Yearly Lows
Dogecoin traded near $0.14 on Dec. 13 as demand for both the token and its new ETFs faded. Grayscale and Bitwise’s DOGE ETFs have attracted just $2 million in inflows since launch, with assets under management under $6 million. Weak investor interest, declining meme-coin sentiment, and bearish technicals suggest DOGE could face further downside if key support breaks.
U.S. Bank Lobby Slams OCC Over Ripple Banking License
The American Bankers Association has criticized the OCC for granting Ripple a U.S. banking charter, calling it risky and warning it could blur regulatory lines and enable arbitrage. Despite the approval, XRP prices stayed weak even as spot XRP ETFs neared $1 billion in inflows. Analysts say ETF demand remains too small to offset broader market pressure.
Pyth Network Launches Token Reserve to Support PYTH Value
Pyth Network has launched a PYTH treasury reserve that will use a portion of network revenue to regularly buy PYTH tokens from the open market, aiming to align adoption with token value. The move mirrors Chainlink’s reserve strategy but on a smaller scale. The announcement comes as PYTH has fallen to $0.06, down 75% from its July highs, despite new integrations.
Hex Trust Launches Wrapped XRP on Solana
Hex Trust has introduced wrapped XRP on Solana, allowing XRP holders to use their assets across Solana’s DeFi ecosystem. The product locks native XRP under custody and mints a 1:1 Solana-based token, enabling trading, lending, and liquidity provision. The move highlights growing reliance on custodial wrapping to connect major blockchains and expand cross-chain liquidity.
Coinbase Expands Into Prediction Markets and Tokenized Stocks
Coinbase plans to launch prediction markets and tokenized stocks, broadening its on-chain market offerings. The new products will let users trade event-based contracts tied to real-world outcomes and gain equity exposure through blockchain-based stock tokens. The move aims to merge crypto and traditional finance, offering unified portfolios, extended trading access, and regulated market structures, while navigating complex regulatory and compliance challenges.
SEC Clears DTCC to Tokenize Traditional Securities
The U.S. SEC has approved DTCC’s plan to tokenize stocks, corporate bonds, and U.S. Treasuries within the existing financial system. The framework creates on-chain representations that map 1:1 to real securities held by DTCC, preserving legal ownership and investor protections. The move enables faster settlement and programmable transfers while keeping activity inside a regulated, supervised infrastructure.
Cardano Slumps as Midnight Hype Fades
Cardano’s ADA token fell over 6.7% to around $0.42 as broader crypto markets weakened and enthusiasm around the Midnight project cooled. The NIGHT token dropped more than 30% as early recipients sold their allocations. Bearish technical patterns now dominate ADA’s chart, with analysts warning of a potential further decline toward $0.30 unless the price reclaims key resistance near $0.51.
MicroStrategy Stock Stabilizes as Bitcoin Fears Ease
MicroStrategy’s stock steadied near $188 after investor fears of forced Bitcoin sales faded and Bitcoin rebounded toward $95,000. The company reassured markets it has over $1.2 billion in cash and reinforced confidence with a $900 million Bitcoin purchase, lifting holdings to 660,624 BTC. Despite the bounce, bearish technical patterns suggest MSTR still faces downside risk unless it breaks key resistance levels.
Canton Network Jumps After RedStone Oracle Deal and Wall Street Backing
Canton Network’s CC token rose about 40% to $0.075 after its developer secured funding from major Wall Street firms, including BNY, Nasdaq, and JPMorgan. The network also selected RedStone over Chainlink as its oracle provider, boosting institutional appeal. The growing dominance of real-world asset tokenization and a broader crypto market rebound further supported the price.
Ondo Rallies After SEC Drops Investigation
Ondo Finance’s ONDO token rose to around $0.48 after the U.S. SEC closed its probe into the company without filing charges. The decision removes a major regulatory overhang and boosts Ondo’s expansion plans, including its push into tokenized stocks and Treasuries. Trading volume surged as Ondo’s total value locked hit a record $1.87 billion, reinforcing growing institutional interest in on-chain real-world assets.
