Despite a Challenging 2025 Crypto Market, These 12 Players Emerge as Winners

marsbitОпубліковано о 2025-12-25Востаннє оновлено о 2025-12-25

Анотація

The crypto market faced challenges in 2025, but key winners emerged as the industry gained regulatory clarity and shifted from speculation to financial infrastructure. Major developments include pro-crypto U.S. policies under Trump, including the GENIUS Act and Bitcoin reserve directives. Spot ETFs, led by IBIT, gained massive inflows, with Ethereum, Solana, and XRP ETFs approved. Solana solidified its role as a global liquidity layer, while Ripple resolved its SEC lawsuit and expanded into institutional payments. Real-World Assets (RWA) grew significantly, with tokenization exceeding $20 billion. Stablecoin market cap hit $300 billion, supported by clear regulations. Hong Kong became a top ETP hub, and Base emerged as a key platform for consumer apps. Zcash advanced privacy coin legitimacy, perpetual DEXs gained market share, and prediction markets saw record growth. Early crypto adopters were ultimately validated as institutions like BlackRock entered the space.

If 2024 was the year of cryptocurrency revival, 2025 marks the critical year for regulatory recognition and a shift in public perception from speculation to financial market infrastructure.

Here are the core winners of 2025:

1. The United States and Trump: Shifting the industry's focus, defining stablecoins through the GENIUS Act, issuing a Bitcoin reserve executive order, and driving leadership changes at the SEC/CFTC to clear regulatory hurdles.

2. Spot ETFs: IBIT ranks among the top 10 ETFs by inflows in the U.S., surpassing traditional giants; the SEC approves a universal listing standard to streamline approvals, paving the way for Ethereum, Solana, XRP, and other ETFs.

3. Solana: Shedding its "beta" label, on-chain transaction volume ranks among the top for three consecutive months, transforming into a global liquidity layer and shifting from competing with Ethereum to rivaling Nasdaq.

4. Ripple: Ending its long-standing lawsuit with the SEC, pivoting the narrative to "liquidity engine" and launching a spot ETF; Ripple invests $4 billion to acquire traditional financial infrastructure, evolving into a full-stack institutional payment giant.

5. RWA: Transitioning from pilot projects to critical infrastructure, BlackRock's BUIDL fund becomes an off-exchange collateral, tokenized assets exceed $200 billion, with traditional finance giants entering the space.

6. Stablecoins: Market capitalization surpasses $300 billion, holders reach a historic high of 200 million, becoming a global fintech settlement layer; the GENIUS Act provides legal clarity for banks to enter.

7. Hong Kong: The ETP market becomes the world's third-largest, with an average daily trading volume of HKD 37.8 billion; a robust VATP licensing system and stablecoin regulations attract over 30 applicants.

8. Base: Leveraging Coinbase's vast user base, it becomes the preferred platform for consumer applications and stablecoin experiments, building a bridge between the on-chain world and the compliant environment.

9. Zcash and Privacy: Zcash leads privacy coins in shedding the "illegal" stigma, becoming one of the year's top-performing sectors, pushing Ethereum to accelerate privacy protection, with the SEC discussing compliant frameworks.

10. Perpetual DEXs: On-chain derivatives break the trust barrier, successfully capturing trading volume from CEXs, with the rise of DEXs like Hyperliquid marking the maturity of DeFi market structure.

11. Prediction Markets: Platforms like Kalshi and Polymarket set records, with traditional institutions like Gemini and Coinbase, as well as crypto companies, entering the space, bridging the gap between speculation and finance.

12. Early Believers: Enduring industry winters and regulatory pressure, their persistence is finally validated, having entered the market ahead of institutions like BlackRock.

Пов'язані питання

QWhat are the key factors that made 2025 a pivotal year for cryptocurrency according to the article?

A2025 was a pivotal year due to regulatory recognition, a shift in public perception from speculation to financial market infrastructure, the passage of the GENIUS Act defining stablecoins, a Bitcoin reserve executive order, and leadership changes at the SEC/CFTC that cleared regulatory hurdles.

QWhich cryptocurrency's ETF was mentioned as a top 10 inflow in the US, and what other developments occurred with ETFs?

AThe IBIT Bitcoin ETF was mentioned as a top 10 inflow in the US, surpassing traditional giants. The SEC also approved a universal listing standard that simplified the process, paving the way for Ethereum, Solana, and XRP ETFs.

QHow did Ripple transform its business after its legal battle with the SEC ended?

AAfter ending its long-standing lawsuit with the SEC, Ripple shifted its narrative to become a 'liquidity engine,' launched a spot ETF, and acquired traditional financial infrastructure for $4 billion to transform into a full-stack institutional payments giant.

QWhat major milestone was highlighted for the Real World Asset (RWA) sector in 2025?

AThe RWA sector transitioned from pilot programs to critical infrastructure, with BlackRock's BUIDL fund becoming an off-exchange collateral option and the total value of tokenized assets surpassing $200 billion, attracting major traditional finance players.

QWhat significant achievement did privacy-focused cryptocurrencies like Zcash accomplish in 2025?

AZcash led privacy coins in shedding their 'illegal' stigma, becoming one of the best-performing sectors of the year. This success pushed Ethereum to accelerate its own privacy features, and the SEC began discussions with them on a compliant framework.

Пов'язані матеріали

BTC Market Pulse: Week 20

Bitcoin's price moved higher from the high-$77Ks into the low-$82Ks last week, with buyers absorbing pullbacks. Market indicators show bullish undertones but also signs of potential stabilization. Spot and futures data reveal strong bullish sentiment and increased speculative activity, though declining long-side funding suggests some waning bullish momentum. Options market activity points to neutral-to-bullish expectations but elevated pricing of future risk, indicating uncertainty. On-chain metrics strengthened, with increases in daily active addresses, transfer volume, and fees, signaling a more engaged network and higher activity. Profitability improved as the market moved back into profit, yet levels remain below those typically triggering heavy selling, suggesting optimism is measured. Overall, Bitcoin's market structure shows improvement with stronger on-chain activity and more stable holder positioning. However, softer capital inflows and cautious sentiment indicate the market remains sensitive to shifts in risk appetite.

insights.glassnode13 хв тому

insights.glassnode13 хв тому

IREN's Insanity: Selling Miners, Buying GPUs, Stock Price Up 16%

IREN, a Bitcoin mining company, saw its stock price surge 16% after releasing its quarterly earnings on May 8th. The surge was not driven by Bitcoin's price, but by the company's radical strategic shift away from cryptocurrency mining and towards AI infrastructure. The company reported a $140 million impairment charge after decommissioning and listing for sale 5,800 of its Bitmain S21 Pro mining rigs. It also maintains a policy of selling all mined Bitcoin daily, holding zero crypto assets. Despite this dismantling of its core business, investor sentiment was positive due to IREN's aggressive pivot into AI. This shift is backed by massive, long-term contracts. IREN announced a new 5-year, $3.4 billion collaboration with NVIDIA, which includes an equity investment commitment. This follows a previously secured 5-year, $9.7 billion GPU cloud services agreement with Microsoft. To support these deals, IREN acquired European data center capacity and cloud software capabilities. Management targets 480 megawatts of AI capacity, 150,000 GPUs, and $3.7 billion in annual recurring revenue by late 2026. While other North American miners are exploring hybrid "mining + AI" models, IREN is making a clean break, betting entirely on the booming demand for AI compute power. The move highlights a broader industry trend where the value of mining hardware is declining while GPU-based AI infrastructure is in critically short supply.

marsbit32 хв тому

IREN's Insanity: Selling Miners, Buying GPUs, Stock Price Up 16%

marsbit32 хв тому

Saylor Says Strategy’s Bitcoin Credit Model Is Not A Ponzi Scheme

Michael Saylor defended MicroStrategy's Bitcoin-backed credit model against criticisms that it resembles a Ponzi scheme, emphasizing the company monetizes Bitcoin's capital gains rather than relying on perpetual equity issuance. He clarified his famous "never sell your Bitcoin" stance, stating the more precise strategy is to never be a *net seller*. The company's recent announcement that it might sell Bitcoin to fund dividends on its STRC preferred instrument sparked debate. Saylor explained the core model: issuing credit to buy Bitcoin, expecting its long-term appreciation to exceed dividend costs, analogous to a real estate firm. He argued that even if Bitcoin is sold for dividends, ongoing credit issuance ensures the company remains a net buyer, especially if Bitcoin appreciates more than the dividend yield. Saylor dismissed critics like Peter Schiff, stating their objections stem from rejecting Bitcoin's legitimacy itself. He described STRC as overcollateralized "digital credit" designed to offer yield while mitigating volatility.

bitcoinist34 хв тому

Saylor Says Strategy’s Bitcoin Credit Model Is Not A Ponzi Scheme

bitcoinist34 хв тому

Dissecting Circle's Q1 Earnings Report: After the Interest Rate Dividend Ebbs, USDC Prepares for a Big Chess Game

Title: Circle Q1 2026 Earnings: Shifting Strategy as Interest Rate Windfall Subsides Circle reported its Q1 2026 financial results. While total revenue and reserve income of $694M slightly missed expectations, adjusted EBITDA grew 24% to $151M. A key trend is the decline in reserve income due to lower Federal Reserve interest rates, which Circle is countering by diversifying its revenue streams. Notably, non-interest "Other Revenue" hit a record $42M. USDC's circulation reached 77 billion, up 28% year-over-year, but its on-chain transaction volume surged 263% to $21.5 trillion, indicating significantly higher utilization in payments and DeFi. Financially, the core RLDC Margin improved to 41%, showing better cost control. However, operating expenses nearly doubled, partly due to post-IPO stock compensation costs. Looking ahead, Circle is expanding beyond being a simple stablecoin issuer. It highlighted the $222M presale for its Arc Network (valued at $3B) and launched new services like Managed Payments and the "Agent Stack" for AI-driven commerce. The company's strategy is evolving to position USDC as the foundational dollar network for the internet, targeting broader payment, enterprise, and AI agent economies.

marsbit58 хв тому

Dissecting Circle's Q1 Earnings Report: After the Interest Rate Dividend Ebbs, USDC Prepares for a Big Chess Game

marsbit58 хв тому

Deciphering Circle's Q1 Financial Report: After the Interest Rate Dividend Ebbs, USDC Is Planning a Grand Strategy

Circle's Q1 2026 financial report shows total revenue and reserve income of $6.94 billion, slightly below expectations, with net profit at $550 million, down 15% year-over-year. The company attributes the slowdown in revenue growth to declining reserve asset yields following a Federal Reserve rate cut. However, other revenue streams reached a record $420 million, indicating a diversification away from interest dependence. Key operational highlights include USDC's circulating supply reaching 77 billion, a 28% annual increase, while its on-chain transaction volume surged 263% to $21.5 trillion, showing significantly higher usage frequency. Circle's core RLDC Margin improved to 41%, reflecting better cost control. Looking beyond interest rate reliance, Circle is expanding into new areas. Its Arc Network completed a $2.22 billion ARC token presale at a $30 billion valuation. The company also launched Agent Stack, an infrastructure suite for AI Agent economies, and its Circle Payments Network (CPN) shows an estimated annual transaction volume of $83 billion. The report suggests Circle's strategy is evolving from merely issuing a stablecoin to building USDC into a foundational dollar network for the internet, targeting cross-border payments, enterprise settlement, and the emerging AI-driven economy.

Odaily星球日报1 год тому

Deciphering Circle's Q1 Financial Report: After the Interest Rate Dividend Ebbs, USDC Is Planning a Grand Strategy

Odaily星球日报1 год тому

Торгівля

Спот

Ф'ючерси

Популярні статті

Як купити CC

Ласкаво просимо до HTX.com! Ми зробили покупку CC(Canton) (CC) простою та зручною. Дотримуйтесь нашої покрокової інструкції, щоб розпочати свою криптовалютну подорож.Крок 1: Створіть обліковий запис на HTXВикористовуйте свою електронну пошту або номер телефону, щоб зареєструвати обліковий запис на HTX безплатно. Пройдіть безпроблемну реєстрацію й отримайте доступ до всіх функцій.ЗареєструватисьКрок 2: Перейдіть до розділу Купити крипту і виберіть спосіб оплатиКредитна/дебетова картка: використовуйте вашу картку Visa або Mastercard, щоб миттєво купити CC(Canton) (CC).Баланс: використовуйте кошти з балансу вашого рахунку HTX для безперешкодної торгівлі.Треті особи: ми додали популярні способи оплати, такі як Google Pay та Apple Pay, щоб підвищити зручність.P2P: Торгуйте безпосередньо з іншими користувачами на HTX.Позабіржова торгівля (OTC): ми пропонуємо індивідуальні послуги та конкурентні обмінні курси для трейдерів.Крок 3: Зберігайте свої CC(Canton) (CC)Після придбання CC(Canton) (CC) збережіть його у своєму обліковому записі на HTX. Крім того, ви можете відправити його в інше місце за допомогою блокчейн-переказу або використовувати його для торгівлі іншими криптовалютами.Крок 4: Торгівля CC(Canton) (CC)Легко торгуйте CC(Canton) (CC) на спотовому ринку HTX. Просто увійдіть до свого облікового запису, виберіть торгову пару, укладайте угоди та спостерігайте за ними в режимі реального часу. Ми пропонуємо зручний досвід як для початківців, так і для досвідчених трейдерів.

170 переглядів усьогоОпубліковано 2026.04.21Оновлено 2026.04.21

Як купити BLEND

Ласкаво просимо до HTX.com! Ми зробили покупку Fluent (BLEND) простою та зручною. Дотримуйтесь нашої покрокової інструкції, щоб розпочати свою криптовалютну подорож.Крок 1: Створіть обліковий запис на HTXВикористовуйте свою електронну пошту або номер телефону, щоб зареєструвати обліковий запис на HTX безплатно. Пройдіть безпроблемну реєстрацію й отримайте доступ до всіх функцій.ЗареєструватисьКрок 2: Перейдіть до розділу Купити крипту і виберіть спосіб оплатиКредитна/дебетова картка: використовуйте вашу картку Visa або Mastercard, щоб миттєво купити Fluent (BLEND).Баланс: використовуйте кошти з балансу вашого рахунку HTX для безперешкодної торгівлі.Треті особи: ми додали популярні способи оплати, такі як Google Pay та Apple Pay, щоб підвищити зручність.P2P: Торгуйте безпосередньо з іншими користувачами на HTX.Позабіржова торгівля (OTC): ми пропонуємо індивідуальні послуги та конкурентні обмінні курси для трейдерів.Крок 3: Зберігайте свої Fluent (BLEND)Після придбання Fluent (BLEND) збережіть його у своєму обліковому записі на HTX. Крім того, ви можете відправити його в інше місце за допомогою блокчейн-переказу або використовувати його для торгівлі іншими криптовалютами.Крок 4: Торгівля Fluent (BLEND)Легко торгуйте Fluent (BLEND) на спотовому ринку HTX. Просто увійдіть до свого облікового запису, виберіть торгову пару, укладайте угоди та спостерігайте за ними в режимі реального часу. Ми пропонуємо зручний досвід як для початківців, так і для досвідчених трейдерів.

214 переглядів усьогоОпубліковано 2026.04.24Оновлено 2026.04.24

Як купити ACN

Ласкаво просимо до HTX.com! Ми зробили покупку AITECH CLOUD NETWORK (ACN) простою та зручною. Дотримуйтесь нашої покрокової інструкції, щоб розпочати свою криптовалютну подорож.Крок 1: Створіть обліковий запис на HTXВикористовуйте свою електронну пошту або номер телефону, щоб зареєструвати обліковий запис на HTX безплатно. Пройдіть безпроблемну реєстрацію й отримайте доступ до всіх функцій.ЗареєструватисьКрок 2: Перейдіть до розділу Купити крипту і виберіть спосіб оплатиКредитна/дебетова картка: використовуйте вашу картку Visa або Mastercard, щоб миттєво купити AITECH CLOUD NETWORK (ACN).Баланс: використовуйте кошти з балансу вашого рахунку HTX для безперешкодної торгівлі.Треті особи: ми додали популярні способи оплати, такі як Google Pay та Apple Pay, щоб підвищити зручність.P2P: Торгуйте безпосередньо з іншими користувачами на HTX.Позабіржова торгівля (OTC): ми пропонуємо індивідуальні послуги та конкурентні обмінні курси для трейдерів.Крок 3: Зберігайте свої AITECH CLOUD NETWORK (ACN)Після придбання AITECH CLOUD NETWORK (ACN) збережіть його у своєму обліковому записі на HTX. Крім того, ви можете відправити його в інше місце за допомогою блокчейн-переказу або використовувати його для торгівлі іншими криптовалютами.Крок 4: Торгівля AITECH CLOUD NETWORK (ACN)Легко торгуйте AITECH CLOUD NETWORK (ACN) на спотовому ринку HTX. Просто увійдіть до свого облікового запису, виберіть торгову пару, укладайте угоди та спостерігайте за ними в режимі реального часу. Ми пропонуємо зручний досвід як для початківців, так і для досвідчених трейдерів.

53 переглядів усьогоОпубліковано 2026.04.28Оновлено 2026.04.28

Обговорення

Ласкаво просимо до спільноти HTX. Тут ви можете бути в курсі останніх подій розвитку платформи та отримати доступ до професійної ринкової інформації. Нижче представлені думки користувачів щодо ціни A (A).