# 11 December - FED Results, GameStop's BTC buy and the new Jupiter Launchpad

*The market was lack of its excitement for few days, also some of my dear friend came to see me... So, I decided to take a break of news. Today was the FED day. It got cut 25 points as expected. Here's some other things you might be interested...*

By [The Crypto Drift](https://paragraph.com/@thecryptodrift) · 2025-12-11

#etf, #usa, #fed, #banks, #solana, #gme, #jupiter, #presale

---

*   Invesco and Galaxy have officially filed for SOL ETFs, while Kazakhstan launched the first regulated, staking-enabled SOL ETF. The Breakpoint effect is energizing the ecosystem and pushing more news out.
    
*   Despite rising user numbers, Hyperliquid’s daily revenue has fallen from the $23–25M range to $15–17M. Still, Hyperliquid continues to dominate DeFi ecosystem revenue.
    
*   GameStop made one of the most aggressive institutional moves by purchasing $500M worth of BTC marking a strategic shift toward allocating its cash reserves into crypto.
    
*   Vanguard enabled crypto ETF access for over 50 million clients, shifting the balance among institutions. Meanwhile, following BPCE, PNC is now offering BTC purchase options to its customers.
    
*   USDC supply on Solana has tripled since the start of the year, reaching $16B. Jupiter founder Meow acknowledged JUP’s poor performance and initiated a strategy reset. HumidiFi’s sale on Jupiter returned 6x from the initial purchase point.
    
*   Two major upcoming presales are on the horizon: GensynAI and Fogo. Fogo’s $1B FDV presale drew community criticism, while Gensyn announced that its sale will be conducted as an auction.
    
*   Citi, JPMorgan, Wells Fargo, and BNY Mellon—the four largest U.S. banks—are issuing Bitcoin-collateralized loans. Institutions are strengthening rapidly while retail creates volatility through selling and leveraged positions.
    

_Thank you for reading. Subscribe for more. Even the market is totally shit, there's still some people making money. Find a way and be like them..._

---

*Originally published on [The Crypto Drift](https://paragraph.com/@thecryptodrift/11december)*