The year 2025 in the crypto world is not an easy one to summarize. Narratives repeatedly fail, consensus frequently collapses, cycles become blurred, and the intense emotions are infinitely amplified.
In this context, writing itself becomes more challenging—because compared to "writing quickly," it is more important to write accurately, write truthfully, and write in a way that withstands reflection.
This year, the Odaily Planet Daily platform published a total of 1,770 original articles. The editorial team selected articles from their own works that raised key questions or recorded slices of the era, which remain relevant or insightful upon reflection in the new year.
_ (Note: Many "hot events" may not be included here. For a recap of key annual milestones, please see Odaily's previous publication_ "4 Key Words, Playing the 2025 Crypto Four Seasons Song".)
The articles vary in perspective and style, and even the answers are not uniform, yet they collectively depict the true outline of 2025.
Wishing all readers the ability to maintain judgment amidst uncertainty in 2026, to find a rhythm that suits them amidst volatility, and to achieve their desires!
Now, let's take a look at these representative articles:
January 8
“The Confession of a 88x Leveraged Diamond Hand: Why I Chose ai16z (and Sold Swarms)”
Asher (X: @Asher_0210): Have you forgotten the AI Agent craze at the beginning of the year? This records my most successful early ambush, detailing how I discovered ai16z and steadfastly held on to achieve nearly a hundredfold return. Although the hype has long faded, the methodology remains, motivating me to continue believing in early ambush gains in 2026.
January 18
“Who Made Over a Million Dollars from TRUMP? Winning KOLs and Disappointed ETH Maxis”
Wenser (X: @wenser2010): At the beginning of the year, the wealth creation opportunity from TRUMP was an industry-level, phenomenon-level project. I quickly reviewed the traders who performed well at that time. Looking back, most smart money is still active in the crypto circle and has seized many major opportunities throughout the year, which is worth long-term attention.
January 28
Golem (X: @web3_golem): The meme market may have receded, but the wave of competition at the beginning of 2025 is still worth revisiting. It was at that point that Odaily interviewed a representative figure in the meme field, Crypto D. The meme principles he summarized are not products of emotion but rather a calm dissection of cycles, human nature, and liquidity, which will not become outdated.
February 8
Dc (X: @HanzoDC): Focusing on the fundamental changes in the U.S. regulatory environment, the overall pattern of personnel restructuring and policy shifts within major U.S. financial regulatory agencies (including the SEC, FDIC, CFTC) after the Trump administration, and how this change reshapes the regulatory attitude towards the crypto industry. The angle is quite unique, discussing many news points that mainstream media have not paid much attention to, but when put together, they reveal a significant trend, with some events being quite interesting.
February 19
“The Great Crypto Money-Making Machines”
Wenser (X: @wenser2010): The business models of platforms, organizations, and projects in the circle have always been a direction I pay attention to. Therefore, in the first half of the year, I conducted a simple data collection and analysis of the revenue-rich protocols and platforms. Looking back now, CEX and stablecoins are still at the forefront, while the DAT model is highly dependent on market performance.
February 21
Wenser (X: @wenser2010): The Bybit $1.5 billion asset theft case shocked both inside and outside the circle. That night, we quickly conducted in-depth coverage of the event within 2 hours, witnessing a textbook-level crisis public relations response. The industry's ability to digest security risks and crisis events was once again validated, marking a significant security attack incident.
March 8
Dc (X: @HanzoDC): After following the live stream of the meeting, I was shocked by the emptiness of the meeting itself; much of it was expressed in a very official tone in English but lacked content, prompting me to quickly write this article. This chapter is not long, but at a time when there was a general praise for Trump leading crypto, I attempted to glimpse another side.
April 19
“From Application Process to Fees, A Deep Comparison of the Top Ten Crypto Payment Cards”
Dc (X: @HanzoDC): A systematic evaluation and horizontal comparison of ten representative crypto payment cards on the market took a long time, collecting data, conducting interviews, and comparing domestic and international user needs and experiences as well as their feedback.
July 1
Leo (X: @LeoAndCrypto): After the news broke, I wrote overnight. Robinhood's announcement of stock tokenization is one of the important moments in crypto this year. This is not only a product innovation but also marks the formal transition of core financial assets in the real world to scalable on-chain circulation, with crypto beginning to deeply intervene and reshape the operation of traditional capital markets.
July 11
Dingdang (X: @XiaMiPP): Although the overall crypto industry is sluggish, ETH indeed stood out this year, reaching a new high of $4,950. Yi Lihua, as a "famous bull" of ETH, also attracted attention. This article was published on the eve of ETH's surge, and although it doesn't contain much new content, it was a morale booster at the time.
July 17
Dingdang (X: @XiaMiPP): At that time, DAT was on the rise, and it was already possible to judge that altcoins would not repeat past patterns but would be led by structural inflows of institutional funds into segmented tracks. Attention shifted from traditional small-cap speculation to compliance, real returns, and institutional participation. Although the market trend in the following months was bleak, local hotspots confirmed this characteristic.
July 25
“In-Depth Analysis of Jia Yueting's Entry into RWA: Who Is the New Director Behind the Old Actor?”
Ethan (X: @ethanzhang_web3): One of the hottest discussion tracks this year is RWA, and Jia Yueting's cross-industry entry into crypto was indeed unexpected. Initially, based on the order assets he owns in reality, I predicted he would bring pre-orders on-chain, but unexpectedly, Mr. Jia is more adept at playing, separating the car and crypto, establishing an independent operating system, creating dual flywheels and bridges, and making crypto indicators. Indeed, often the answers you can think of directly are not the final answers.
July 29
Dingdang (X: @XiaMiPP): This article tracks the "confidence game" process of Ethena/ENA, from hundreds of millions in buybacks stabilizing prices to on-chain data revealing potential selling pressure, and then to the strategic extension of the compliance track for stablecoins and RWA layout.
August 22
“The First Batch of Post-00s Web3 Workers Have Already Started ‘Retiring’”
Golem (X: @web3_golem): In mid-2025, I personally went through a relatively difficult period. Questions about why I still stay in Web3, the meaning of making money, and even the motivation to keep moving forward have all wavered repeatedly. It is against this backdrop that I wrote this article. It is not a grand narrative but attempts to restore the real situation of an ordinary post-00s worker in the Web3 world: about choices, about ups and downs, and also about the reasons for continuing to stay amidst uncertainty.
August 31
“Where Did Everyone Go at This Year's Bitcoin Asia?”
Golem (X: @web3_golem): It is a travelogue and also a record and reflection on the current state of the Bitcoin ecosystem. What I love has not yet perished.
September 9
“The Most Comprehensive Review of New Prediction Markets in 2025 (Part 1)”
“The Most Comprehensive Review of New Prediction Markets in 2025 (Part 2)”
“Odaily Selection: Tools for Predictive Markets That Can Double Your Trading Success”
Leo (X: @LeoAndCrypto): Three articles combined to form a practical manual for predictive markets.
September 29
“Post-05 Crypto Maniac Hmm: ‘Binance Prince’ Is Just My Camouflage”
Golem (X: @web3_golem): Hmm is a young, smart, and controversial figure. As I mentioned in the article, while not everyone’s path to original accumulation is glamorous, a young person betting on possibilities with limited resources is still worth documenting.
October 16
Ethan (X: @ethanzhang_web3): The article dissects the Chen Zhi case, which is astonishing in its scale. The most discussed voices at the time were about the BTC reserve game between China and the U.S., and later, with the addition of quantum attack theories, it became one of the triggers for the surge in privacy coins like ZEC.
October 19
“Odaily Office Trading Competition: A Record of Sinning with the Boss’s Money”
Dc (X: @HanzoDC): A record of the “Office Trading Competition” held internally at Odaily. The article documents the real trading performance, position choices, and mindset changes of Odaily colleagues with an initial capital of $200 over two weeks, reflecting our experiences of wins, losses, impulses, and reflections in the market.
October 30
“If This Continues, No One Will Trade Coins Anymore”
Wenser (X: @wenser2010): An article written after the major crash on October 11, pointing out problems and expressing emotions without providing methods or clear conclusions. It highlights the chronic ailments of the current crypto industry, facing a dilemma of dwindling incremental growth and existing competition.
November 1
“17 Years Later, Why Do We Still Need Bitcoin?”
Dc (X: @HanzoDC): A long article summarizing the trajectory of Bitcoin over 17 years, reflecting on historical cycles, institutional logic, and value philosophy: as the real world continues to expand credit and debt, Bitcoin remains a key to understanding the present and future due to its immutability and decentralization.
November 3
Dingdang (X: @XiaMiPP): When writing this article, the market still viewed ZEC’s rise as an emotional rebound; however, I want to emphasize that under the backdrop of tightening regulations, privacy has not disappeared but has been repriced, developing new narrative models.
November 5
“What Is the Role of Curators in DeFi? Could It Be a Hidden Mine in This Cycle?”
Azuma (X: @azuma_eth): In November, on-chain security incidents entered a high-frequency period, and Curators became the trigger for several explosive events. However, when searching for information in Chinese, I found that almost no one had systematically written about the role of Curators, which has essentially become a behemoth in DeFi. Thus, I wrote an article to clarify their role, revenue logic, and risk paradox, serving as an important reference for understanding that stage of DeFi security events and yield strategy changes.
November 6
“The ‘Zeroing’ of Brother Magi”
Ethan (X: @ethanzhang_web3): Magi, with both “infinite bullets” backing and the label of a “serial entrepreneur,” has a story filled with depth and vivid character portrayal. From holding a maximum long position of $126 million at Hyperliquid in July, becoming a top whale on the platform, to completely zeroing out his account in November, this “riches to ruin” drama is already common in the crypto circle—everyone knows him, mocks him, yet countless people still aspire to become the next him. His obsession with “being the boss” at the “gambling table” may have already sealed his fate, but that doesn’t stop him from trying every possible means to gather money and continue opening positions.
November 11
“On-Chain Finance, Danger! Run Away!”
Azuma (X: @azuma_eth): Starting from the panoramic risk logic of on-chain finance, I dissected how the decoupling of high-yield stablecoins, the leverage amplification of curator funds, and the lack of regulation on lending protocols interact, leading to systemic risks that trigger large-scale withdrawals from DeFi. This is also why I believe the risk transmission on-chain after October 11 has not ended, and I restructured the judgment logic from the beginning, applying it to personal operations.
November 26
“Exclusive Reveal of Exchange User Acquisition Rules: $50 to Buy a New User”
Golem (X: @web3_golem): User growth remains a core challenge that the Web3 industry cannot avoid, and this statement still holds true in 2026. To this end, I interviewed the Paid Ads team of a certain exchange. They are trying to find possibilities for Web3 to “break the circle” using methods closer to mainstream internet practices. Perhaps one day, Web3 ads will truly appear in the corners of our lives.
December 4
“Why Predictive Markets Are Not Gambling Platforms”
Xiaohua: Attempting to explain why predictive markets are repeatedly suppressed and then brought back to the table by capital and institutions—they challenge not the regulatory bottom line but the existing classification system. The real conflict is not whether it resembles gambling, but who regulates it, who collects taxes, and whether it counts as a financial product. This is a power and institutional game, not a moral judgment.
December 12
“2025 Survival Rules for Yield Farming: Once a Land of Gold, Now Relying on These Two Cards”
Asher (X: @Asher_0210): Summarizing the real process of the yield farming track in 2025 from “a land of gold” to “winter competition,” revealing structural changes such as the sharp decline in airdrop profits, the exit of studios, and the rise of new gameplay. It is not only an annual summary of yield farming techniques but also a reflection from an eyewitness on the logic of interactive yield transformation in a bear market and suggestions for 2026.
December 28
“2026, Survive: A Survival and Counterattack Manual for Crypto Enthusiasts in the Bear Market”
Wenser (X: @wenser2010): 2026, survive, we are with you! The year 2025 in the crypto world is not an easy one to summarize. Narratives repeatedly fail, consensus frequently collapses, cycles become blurred, and the intense emotions are infinitely amplified.
In this context, writing itself becomes more challenging—because compared to "writing quickly," it is more important to write accurately, write truthfully, and write in a way that withstands reflection.
This year, the Odaily Planet Daily platform published a total of 1,770 original articles. The editorial team selected articles from their own works that raised key questions or recorded slices of the era, which remain relevant or insightful upon reflection in the new year.
_ (Note: Many "hot events" may not be included here. For a recap of key annual milestones, please see Odaily's previous publication_ "4 Key Words, Playing the 2025 Crypto Four Seasons Song".)
The articles vary in perspective and style, and even the answers are not uniform, yet they collectively depict the true outline of 2025.
Wishing all readers the ability to maintain judgment amidst uncertainty in 2026, to find a rhythm that suits them amidst volatility, and to achieve their desires!
Now, let's take a look at these representative articles:
January 8
“The Confession of a 88x Leveraged Diamond Hand: Why I Chose ai16z (and Sold Swarms)”
Asher (X: @Asher_0210): Have you forgotten the AI Agent craze at the beginning of the year? This records my most successful early ambush, detailing how I discovered ai16z and steadfastly held on to achieve nearly a hundredfold return. Although the hype has long faded, the methodology remains, motivating me to continue believing in early ambush gains in 2026.
January 18
“Who Made Over a Million Dollars from TRUMP? Winning KOLs and Disappointed ETH Maxis”
Wenser (X: @wenser2010): At the beginning of the year, the wealth creation opportunity from TRUMP was an industry-level, phenomenon-level project. I quickly reviewed the traders who performed well at that time. Looking back, most smart money is still active in the crypto circle and has seized many major opportunities throughout the year, which is worth long-term attention.
January 28
Golem (X: @web3_golem): The meme market may have receded, but the wave of competition at the beginning of 2025 is still worth revisiting. It was at that point that Odaily interviewed a representative figure in the meme field, Crypto D. The principles of memes he summarized are not products of emotion but a calm dissection of cycles, human nature, and liquidity, which will not become outdated.
February 8
“From New York to Washington, U.S. Anti-Crypto Forces Are Facing Comprehensive Reckoning”
Dc (X: @HanzoDC): Focusing on the fundamental changes in the U.S. regulatory environment, the overall pattern of personnel restructuring and policy shifts within major U.S. financial regulatory agencies (including the SEC, FDIC, CFTC) after the Trump administration, and how this change reshapes the regulatory attitude towards the crypto industry. The angle taken is quite unique, discussing many news points that mainstream media have not paid much attention to, but when put together, they reveal a significant trend, with some events being particularly interesting.
February 19
“Overview of Major Crypto Money-Making Machines”
Wenser (X: @wenser2010): The business models of platforms, organizations, and projects within the circle have always been a focus of mine. Therefore, in the first half of the year, I conducted a simple data collection and analysis of the revenue-generating protocols and platforms. Looking back now, CEX and stablecoins are still at the forefront, while the DAT model is highly dependent on market performance.
February 21
“Bull Market Black Swan: Bybit Loses Over $1.5 Billion in Assets, 514,000 ETH Dumped on the Market?”
Wenser (X: @wenser2010): The theft of $1.5 billion in assets from Bybit shocked both inside and outside the circle. That night, we quickly provided in-depth coverage of the event within two hours, witnessing a textbook-level crisis public relations response. The industry's ability to digest security risks and crisis events was once again validated, marking a significant security attack incident.
March 8
Dc (X: @HanzoDC): After following the live stream of the meeting, I was shocked by the emptiness of the meeting itself; much of it was expressed in a very official but contentless manner in English, prompting me to quickly write this article. This chapter is not long, but at a time when there was a general trend praising Trump as a leader in crypto, I attempted to glimpse another side.
April 19
“From Application Process to Fees, A Deep Comparison of the Top Ten Crypto Payment Cards”
Dc (X: @HanzoDC): A systematic evaluation and horizontal comparison of ten representative crypto payment cards in the market. I spent a long time collecting data, conducting interviews, and comparing domestic and international user needs and experiences, as well as their feedback.
July 1
“Robinhood Rewrites the Global Trading Landscape, Tokenized Stocks Enter a New Era”
Leo (X: @LeoAndCrypto): After the news broke, I wrote overnight. Robinhood's announcement of stock tokenization is one of the important moments in crypto this year. This is not only a product innovation but also marks the formal transition of core financial assets from the real world to scalable on-chain circulation, with crypto beginning to deeply intervene and reshape the operation of traditional capital markets.
July 11
Dingdang (X: @XiaMiPP): Although the overall crypto industry is sluggish, ETH indeed stood out this year, reaching a new high of $4,950. Yi Lihua, as a “famous bull” for ETH, also attracted attention. This article was published on the eve of ETH's surge, and while it doesn't contain much new content, it still serves as a morale booster.
July 17
Dingdang (X: @XiaMiPP): At that time, DAT was on the rise, and it was already possible to determine that altcoins would not repeat past patterns but would be dominated by structural inflows of institutional funds into segmented tracks. Attention shifted from traditional small-cap speculation to compliance, real returns, and institutional participation. Although the market trends in the following months were bleak, local hotspots confirmed this characteristic.
July 25
Ethan (X: @ethanzhang_web3): One of the hottest discussion tracks this year is RWA, and Jia Yueting's crossover into crypto was indeed unexpected. Initially, based on the order assets he owns in reality, I predicted he would bring pre-orders on-chain, but unexpectedly, Mr. Jia played it differently, separating the car and crypto, establishing an independent operating system, creating dual flywheels and bridges, and making crypto indicators. Indeed, the answers you can think of directly are often not the final answers.
July 29
Dingdang (X: @XiaMiPP): This article tracks the “confidence game” process of Ethena/ENA, from hundreds of millions in buybacks stabilizing the price to on-chain data revealing potential selling pressure, and then to the strategic extension of the compliance track for stablecoins and RWA layout.
August 22
“The First Batch of Post-00s Web3 Workers Have Already Started ‘Leaving the Circle’”
Golem (X: @web3_golem): In mid-2025, I personally went through a relatively difficult period. Questions about why I still stay in Web3, the meaning of making money, and even the motivation to keep moving forward have all wavered repeatedly. It is against this backdrop that I wrote this article. It is not a grand narrative but attempts to restore the real situation of an ordinary post-00s worker in the Web3 world: about choices, about ups and downs, and also about the reasons for continuing to stay amidst uncertainty.
August 31
“Where Did Everyone Go at This Year's Bitcoin Asia?”
Golem (X: @web3_golem): It is a travelogue and also a record and reflection on the current state of the Bitcoin ecosystem. What I love has not yet perished.
September 9
“The Most Comprehensive Overview of New Predictive Markets in 2025 (Part 1)”
“The Most Comprehensive Overview of New Predictive Markets in 2025 (Part 2)”
“Odaily Selection: Tools for Predictive Markets That Can Double Your Trading Success”
Leo (X: @LeoAndCrypto): Three articles combined to form a practical manual for predictive markets.
September 29
“Post-05 Crypto Maniac Hmm: ‘Binance Prince’ Is Just My Camouflage”
Golem (X: @web3_golem): Hmm is a young, smart, and controversial figure. As I mentioned in the article, while not everyone’s path to original accumulation is glamorous, a young person betting on possibilities with limited resources is still worth documenting.
October 16
Ethan (X: @ethanzhang_web3): The article dissects the Chen Zhi case, which is astonishing in its scale. The most discussed voices at the time were about the BTC reserve game between China and the U.S., and later, with the addition of quantum attack theories, it became one of the triggers for the surge in privacy coins like ZEC.
October 19
“Odaily Office Trading Competition: A Record of Sinning with the Boss’s Money”
Dc (X: @HanzoDC): A record of the “Office Trading Competition” held internally at Odaily. The article documents the real trading performance, position choices, and mindset changes of Odaily colleagues with an initial capital of $200 over two weeks, reflecting our experiences of wins, losses, impulses, and reflections in the market.
October 30
“If This Continues, No One Will Trade Coins Anymore”
Wenser (X: @wenser2010): An article written after the major crash on October 11, pointing out problems and expressing emotions without providing methods or clear conclusions. It highlights the chronic ailments of the current crypto industry, facing a dilemma of dwindling incremental growth and existing competition.
November 1
“17 Years Later, Why Do We Still Need Bitcoin?”
Dc (X: @HanzoDC): A long article summarizing the trajectory of Bitcoin over 17 years, reflecting on historical cycles, institutional logic, and value philosophy: as the real world continues to expand credit and debt, Bitcoin remains a key to understanding the present and future due to its immutability and decentralization.
November 3
Dingdang (X: @XiaMiPP): When writing this article, the market still viewed ZEC's rise as an emotional rebound; however, I want to emphasize that in the context of ongoing regulatory tightening, privacy has not disappeared but has been repriced, and new narrative models have been developed.
November 5
“What Is the Role of Curators in DeFi? Could It Be a Hidden Mine in This Cycle?”
Azuma (X: @azuma_eth): In November, on-chain security incidents entered a high-frequency period, and Curators became the trigger for several explosive events. However, when searching for information in Chinese, I found that almost no one had systematically written about the role of Curators, which has essentially become a behemoth in DeFi. Therefore, I wrote an article to clarify their role, revenue logic, and risk paradox, which serves as an important reference for understanding the DeFi security events and yield strategy changes during that phase.
November 6
“The ‘Zeroing’ of Brother Maji”
Ethan (X: @ethanzhang_web3): Brother Maji, with both “infinite bullets” backing and the label of a “serial entrepreneur,” has a story that is deeply engaging, with vivid and three-dimensional character portrayal. From holding a maximum long position of $126 million at Hyperliquid in July and becoming a top whale on the platform, to completely zeroing out his account in November, this “riches to ruin” drama is already commonplace in the crypto circle—everyone knows him, mocks him, yet countless people still aspire to become the next him. His obsession with “being the boss” at the “gambling table” may have predetermined his ending, but that does not stop him from trying every possible means to raise money and continue opening positions.
November 11
“On-Chain Wealth Management, Danger! Run Away!”
Azuma (X: @azuma_eth): Starting from a panoramic view of the risk logic in on-chain wealth management, I dissected how the decoupling of high-yield stablecoins, the leverage amplification of Curator's fund pools, and the lack of regulation on lending protocols interact to trigger systemic risks leading to large-scale withdrawals from DeFi funds. This is also why I believe that the risk transmission on-chain after October 11 has not yet ended, and I restructured the judgment logic from the beginning, applying it to personal operations.
November 26
“Exclusive Reveal of Exchange User Acquisition Rules: $50 to Buy a New User”
Golem (X: @web3_golem): User growth remains a core challenge that the Web3 industry cannot avoid, and this statement still holds true even in 2026. To this end, I interviewed the Paid Ads team of a certain exchange. They are trying to find possibilities for Web3 to “break the circle” using methods closer to mainstream internet practices. Perhaps one day, Web3 ads will really appear in the corners of our lives.
December 4
“Why Prediction Markets Are Not Gambling Platforms”
Xiaohua: Attempting to explain why prediction markets are repeatedly suppressed and then brought back to the table by capital and institutions—it challenges not the regulatory bottom line, but the existing classification system. The real conflict is not about whether it resembles gambling, but about who regulates it, where the tax revenue goes, and whether it counts as a financial product. This is a game of power and institutional dynamics, not a moral judgment.
December 12
“2025 Survival Rules for Yield Farming: Once a Land of Gold, Now Relying on These Two Cards”
Asher (X: @Asher_0210): Summarizing the real process of the yield farming track from “a land of gold” to “winter involution” in 2025, revealing the structural changes of drastically reduced airdrop profits, studio exits, and the rise of new gameplay. This is not only an annual summary of yield farming techniques but also a reflection from an insider on the logic of interactive yield transformation during the bear market and suggestions for 2026.
December 28
“2026, Survive: A Survival and Counterattack Manual for Crypto Enthusiasts in the Bear Market”
Wenser (X: @wenser2010): 2026, survive, we are with you!
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