JPMorgan Chase: "Crypto Winter" Will Not Come, Structural Deterioration in Crypto Demand Not Evident

Bitcoin briefly dipped below $91,000 on December 11th, per HTX Market Data. It is currently trading at $91,006, down 1.34% over the past 24 hours.

December 11th: Per Onchain Lens monitoring, a whale address pulled 101,365 SOL from Kraken exchange 10 hours ago, valued at roughly $13.89 million. At present, the whale holds a total of 628,564 SOL—valued at approximately $84.13 million—with 519,217 SOL in its wallet and 109,348 SOL staked.

**December 11** Sixty percent of surveyed Asian high-net-worth individuals (HNWIs) plan to boost their cryptocurrency allocations, per Sygnum’s 2025 Asia-Pacific HNWIs Report—driven by a bullish outlook for digital assets over the next two to five years. The survey polled 270 HNWIs (with investable assets exceeding $1 million) and seasoned professional investors (10+ years of experience) across 10 Asia-Pacific markets, with heavy concentration in Singapore, plus Hong Kong, Indonesia, South Korea, and Thailand. Key findings: - 87% of respondents already hold digital assets; nearly half have allocated over 10% of their portfolios to crypto, with an average allocation of roughly 17%. - 80% report holding blockchain protocol tokens like Bitcoin, Ethereum, and Solana. - 56% cite portfolio diversification as the top reason for crypto investments. - 90% view digital assets as “critical for long-term wealth preservation and estate planning—not just pure speculation.” Sygnum

December 11 — Per a Business Insider report, Figure Technology subsidiary Figure Certificate Company (FCC) plans to mint YLDS natively on the Solana blockchain. YLDS is a registered public debt security: a security-backed stablecoin designed to maintain a fixed dollar value and generate ongoing yield via U.S. Treasury securities and repurchase agreements. Solana-based decentralized finance (DeFi) yield exchange Exponent Finance intends to be the first to adopt YLDS.