Original author: zhou, ChainCatcher The year 2025 is destined to be one that crypto investors and practitioners will repeatedly ponder. In this year, the market accelerated the concentrated liquidation of financing illusions and narrative bubbles, beginning to shift from a speculation-driven false prosperity to a stock clearance based on effectiveness. The illusion of liquidity dissipated, and once-spirited pioneers fell one after another, while the industry, in the painful process of rebirth from death, forced every practitioner to re-examine the survival rules here. The "death" portrait of projects in 2025: from narrative clearance to logical judgment On December 30, ...

The total market value of the RWA chain has steadily increased to $19.21 billion, with TVL surpassing DEX to become the fifth largest DeFi category. The digital yuan is moving towards M1 functionality, with interest accruing on the balances of six major behavioral wallets. The stablecoin market has entered a phase driven by efficiency in existing stock, with a significant increase in transfer volume.

U.S. Cryptocurrency Policy 2026: From the Golden Age to the Compliance Deep Waters

The CandyBomb event just launched by Bitget is very friendly to new users of contracts. With a total prize pool of 10 ETH, the participation threshold is extremely low.

The options market will not develop into a single category. It will evolve into two distinctly different tiers: abstract options aimed at the general retail public and DeFi options as institutional infrastructure.

Fed officials were focused less on rate moves and more on whether the financial system has enough cash to avoid sudden disruptions.

After major technical gains in 2025, Ethereum’s co-founder says the network must double down on usability and decentralization to meet its original goals.

Hyperliquid didn’t rely on hype cycles or marketing blitzes to break into the spotlight—it engineered its way into relevance, forcing the crypto industry to reassess how far onchain trading infrastructure had come.

In Q4 of 2025, driven by the combination of market and policy, global traditional finance and emerging open finance collided violently in an increasingly chaotic environment, leading to drastic changes that cleared most of the residual heat from the first curve (Note 1), making it difficult to digest the emotional remnants in a short time. At the same time, traditional finance found itself isolated in a besieged city amidst the bubble narrative of AI and the golden age of chaos, reaching the end of its tether. Central banks around the world had to rigidly satisfy the rigid aesthetics of the market populace with textbook-like monetary and fiscal policies, being forced to make everyone believe that these outdated economic inertia could still sustain for a final period. In previous...

The true winners may not necessarily be a specific blockchain itself, but rather those applications and teams that can simultaneously understand both ecosystems and freely switch between them.

Digital Renminbi 2.0: The Leap from Digital Cash to Interest-Bearing Strategic Assets

Original author: Vitalik Buterin Original translation: Saoirse, Foresight News Many of us are wary of "Big Business." We appreciate the products and services provided by companies, but we resent the trillion-dollar monopolistic closed ecosystems, the quasi-gambling nature of video games, and those corporations that manipulate entire governments for profit. Many of us also fear "Big Government." We need police and courts to maintain public order, and we rely on the government...

This article reviews the top ten most popular Bitcoin posts on Twitter in 2025. These posts clearly document Bitcoin's formal entry into the mainstream world, securing its "ticket" to the mainstream, from debates on value logic to the games of policy implementation, and finally to the achievement of mainstream consensus, accumulating tens of millions of clicks. The influential figures behind these posts include tech giants, political figures, crypto leaders, and investment moguls.