Little holiday shindig
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 12th December 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Crypto Goes On Unexpected Green Spree
A broad array of top digital assets have delighted their holders heading into the holiday homestretch with Solana (+6% in 24 hours) and Chainlink (+4%) leading today’s advance. As of Friday at 8:34 a.m. (EST), Bitcoin had pushed past $92,000 on a 2% gain relative to yesterday at this time when the largest crypto was battling to hold the $90K mark.
Following a “hawkish rate cut” by the Federal Reserve on Wednesday afternoon, BTC experienced some fairly usual trading patterns. It rallied ahead of the Fed meeting and pulled back afterward amidst a wave of predictable “sell the news” offloading. Selling extended into Thursday with BTC sinking to $89,400, per CoinGecko, but it was not long after that midday low ebb that crypto’s post-Fed-decision downswing came to a halt.
Rate cuts are a positive catalyst, generally, for crypto. Fundamentally, less restrictive monetary policy is a lubricant for the capital markets machinery. Going back to September, the Fed has announced three cuts totaling 75 basis points.
“Each cut triggered short-term sell-offs,” Sentiment said yesterday.
However, the analytics firm also pointed out, per Cointelegraph, that there is, typically, "a bounce after the dust settles.”
What's down
Artificial Intelligence Insulted
AI stocks are sliding.
The negative trend has been a thing all week. Oracle shares have been getting pummeled since its lighter-than-expected earnings report landed with a thud on Wednesday. Even AI chip-designing juggernaut Nvidia slightly declined in pre-market trading today. Broadcom, which actually just reported strong earnings, took a hit too, down 5% at last check. Oracle’s big miss left a sector-wide welt as weak revenue was enough to spark a noticeable rotation away from tech names, as the industrial-centric Dow hit a record high yesterday.
Checking AI coins, a CoinGecko-tracked basket of 1,325 them has produced a 0.0% return over the past 24 hours. This AI-related camp boasts a combined market capitalization of roughly $29.5 billion.
Most of the largest, including TAO and NEAR, are in the green. A few smaller ones, including IP, are down, like, maybe 2%. We spotted an $85M-in-market-cap token, PIEVERSE, down 23% in the past 24 hours. It’s an AI payments project focused on NFTs and ranks as the 496th-largest digital asset, according to CoinGecko.
What's next
XRP Flexes Cross-Chain Muscles
It’s been a memorable year for XRP. In July, the coin closely associated with Ripple, clear of regulatory purgatory, hit its zenith level of $3.65. While the $4 spot price mark remains a milestone perhaps to be commemorated at some point in 2026, there’s fresh evidence today of XRP extending its reach.
CoinDesk reports that Hex Trust has announced it will issue “wrapped” XRP (wXRP). It’s a 1:1 facsimile of XRP that’ll be tradable alongside Ripple’s stablecoin, RLUSD, on Ethereum and Solana, among other chains, as a way to expand XRP’s utility beyond the XRP Ledger.
Hex Trust is a regulated institutional custodian, according to The Block.
The wrapped asset will remain fully redeemable for native XRP held in Hex Trust’s custody; authorized merchants will be able to mint/redeem wXRP in a "secure, automated, and fully compliant environment,” Hex Trust said in a statement. Hex Trust’s head of custody Giorgia Pellizzari, added: “We are expanding XRP liquidity in DeFi.”
