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.

On December 11, per GMGN market data, Solana ecosystem meme coin JELLYJELLY continued surging today, posting a single-day gain of over 87%. Its market cap now stands at $84.95 million, with 24-hour trading volume reaching $17.8 million.

On December 11, Hyperinsight monitoring shows the "1011 Insider Whale" expanded its ETH long position by over 5x in less than 5 minutes—and continues to accumulate holdings. As of press time, its total ETH holdings have temporarily climbed to $422 million, equivalent to 133,737 ETH.

On December 11, market data shows the U.S. stock market opened with the following moves: the Dow Jones Industrial Average (DJIA) up 0.05%, the S&P 500 down 0.37%, and the Nasdaq Composite down 0.6%. The cryptocurrency market was broadly lower, with notable decliners including Coinbase (-3.73%), BitMine (-5.32%), Circle (-4.73%), and Strategy (-3.93%).

On December 11, Tom Lee projects the S&P 500 will hit 7,700 by 2026—extending the bull market into its fourth year—with the target implying an 11.8% upside. He cites the "Wall of Worry" dynamic, AI-powered robust tech growth, and potential Federal Reserve dovishness as key bullish drivers. In 2025, the S&P 500 gained 17%, while communication services and tech sectors jumped 33% and 27%, respectively. Lee is bullish on 2026 performance for tech, AI, crypto, materials, energy, and financials: materials and energy lagged other sectors this year, and financials rose 11.2%.