U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

**Bhutan Touts Solana Collaboration Milestone, Teases World’s First Sovereign Gold-Backed Token** On December 11, Bhutanese government officials announced a key collaboration with Solana at the Solana Breakpoint 2025 summit, advancing the nation’s push to become a “crypto-friendly” country. The headline launch: the world’s first sovereign gold-backed token will debut on Solana on December 17, 2025—Bhutan’s National Day. Named *TER* (Dzongkha, Bhutan’s official language, for “treasure”), the token will be pegged 1:1 to Bhutan’s national gold reserves. It will operate as an SPL token with real-time auditability and instant settlement, marking its entry into the blockchain ecosystem.

On December 11, Coinbase announced it has officially tapped Chainlink CCIP as the exclusive interoperability provider for all its Coinbase Wrapped Assets—including cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP. The wrapped assets currently boast a combined market capitalization of approximately $7 billion.

December 11 — HyperInsight monitoring indicates that due to a market downturn, the "buddy" 25x ETH long position was partially liquidated 8 minutes ago, with a liquidation volume of 1,200 ETH. It currently still holds a $15.22 million Ethereum long position and has an unrealized loss of $420,000.

On December 11, Fortune reported that cryptocurrency startup LI.FI has closed a $29 million funding round led by Multicoin and CoinFund, pushing its total capital raised to roughly $52 million. The firm plans to expand into new trading verticals—including perpetual futures, yield opportunities, prediction markets, and lending markets—and will use the fresh capital to hire additional staff. LI.FI co-founder and CEO Philipp Zentner noted the company has been profitable, generating revenue from transaction fees, though he declined to share specific revenue figures. As of October, its monthly trading volume hit $8 billion—about seven times higher than the same month last year. The startup currently has more than 100 employees.

On December 11, crypto reporter Eleanor Terrett noted that U.S. senators will resume negotiations today on the Cryptocurrency Market Structure Bill. This afternoon, representatives from several leading crypto industry firms are set to head to the White House for another meeting focused on market structure. Following that, the CEOs of Bank of America, Citigroup, and Wells Fargo will meet with senators to discuss restrictions on affiliated companies’ interest payments related to stablecoin issuances, as well as other outstanding matters.

On December 11, OSL Group’s Chief Commercial Officer Dave Chapman announced at the Solana Breakpoint 2025 Summit that the firm will partner with the Solana network to launch USDGO—a U.S. dollar-pegged stablecoin. OSL Group will serve as the brand and distributor for USDGO, with Anchorage Digital Bank acting as the issuer. USDGO is pegged 1:1 to the U.S. dollar, compliant with U.S. federal regulations, and scheduled for an official launch in the first quarter of 2026. Solana will be the first public blockchain to host USDGO, with plans to expand to additional blockchains down the line. Rather than just “another stablecoin,” USDGO is positioned as a compliant stablecoin payment infrastructure built specifically for enterprise and institutional use cases.