Daily Market Wrap | Dec. 12

Hot Topics

• Bitcoin and Ether steady at $92K and $3,200; Oracle drops more than 11% on AI capex fears.
• Cross-party UK lawmakers urge Chancellor Rachel Reeves to revise BoE's stablecoin framework to foster innovation, warning of capital flight to dollar-pegged assets.
• CFTC grants no-action leeway to Polymarket, Gemini, PredictIt, and LedgerX, exempting them from certain recordkeeping requirements.

Market Updates

• JPMorgan facilitates Galaxy's USDC-settled commercial paper issuance on Solana, advancing tokenized RWAs with Coinbase and Franklin Templeton backing.
• YouTube enables U.S. creators to receive payouts in PayPal's PYUSD stablecoin.
• Hex Trust to issue and custody wXRP for DeFi expansion across chains.