Daily Brief: December 8, 2025

TL;DR: This week, Bitcoin and Ethereum navigated market fluctuations amid regulatory shifts and institutional moves. Key developments included Ethereum's scalability upgrade, Texas's bold Bitcoin purchase, and Japan's crypto tax proposal.

Highlights

• Bitcoin Faces Market Fluctuations: Bitcoin's stability is challenged by ETF outflows, but institutional confidence remains strong.
• Ethereum's Scalability Boost: Ethereum's Fusaka upgrade enhances scalability, attracting institutional interest.
• CFTC Approves Regulated Crypto Trading: The CFTC's approval marks a strategic shift towards safer, regulated crypto markets in the U.S.
• Japan Proposes Flat Crypto Tax: Japan's proposed 20% crypto tax aims to attract investors and boost market activity.
• Ripple Expands in Singapore: Ripple secures a crucial license in Singapore, enhancing its global payment services.
• FDIC Eyes Stablecoin Regulations: Upcoming FDIC regulations signal stricter oversight for stablecoins, impacting market dynamics.

Bitcoin and Ethereum Developments

• Bitcoin's stability is tested by ETF outflows, yet institutional confidence remains.
• Ethereum's Fusaka upgrade boosts scalability and attracts institutional interest.
• Texas makes a bold Bitcoin purchase, potentially influencing other states.

Regulatory Shifts

• The CFTC approves regulated spot crypto trading in the U.S., aiming for safer markets.
• Japan proposes a flat 20% crypto tax to attract investors.
• FDIC's upcoming stablecoin regulations signal stricter oversight.

Institutional Moves

• Ripple secures a crucial license in Singapore, enhancing global payment services.
• MicroStrategy builds a $1.44B cash reserve amid Bitcoin volatility.
• Bank of America's crypto endorsement reflects growing institutional interest.