Core Insights - Stablecoin usage surged significantly in 2025, contributing to the growth of crypto payments and on-chain trading despite a cooling broader market [1] - U.S. policymakers are debating regulations on dollar-pegged digital tokens, with potential implications for global competitiveness, particularly against China [1][8][9] Group 1: Stablecoin Usage and Market Trends - Stablecoin adoption was driven by increased on-chain activity in trading, payments, and yield products, indicating a shift in user interaction with crypto wallets [2][7] - Monthly swap trading volume on Bitget Wallet exceeded $900 million, reflecting a 232% year-over-year increase [2] - On-chain derivatives activity accelerated, with monthly perpetual futures volume nearing $5 billion, marking a 291% increase from the previous year [3] Group 2: Payments and Wallet Utilization - Payments became a significant driver of wallet usage, with spending through Bitget Wallet's crypto-linked card rising more than sixfold since its launch in July [4] - Subscriptions to Bitget Wallet's yield products approached $200 million per quarter by late 2025, over ten times higher than at the beginning of the year [4] Group 3: Regulatory Environment and Competitive Landscape - Regulatory scrutiny in Washington is increasing as stablecoin adoption grows, with potential global implications [6][7] - Concerns were raised that restricting rewards or interest on U.S.-issued stablecoins could undermine their competitiveness, especially as China plans to pay interest on its digital yuan [8][9]

（来源：吴说） 据 CryptoSlate，2025 年以太坊链上交易量与 DeFi 市场份额创历史新高，但主网手续费收入大幅下滑。 数据显示，Layer-2 网络全年合计收入约 1.29 亿美元，仅向以太坊主网支付约 1000 万美元用于结算与 安全，剩余约 1.19 亿美元被 Layer-2 运营方保留，意味着以太坊今年放弃了超过 1 亿美元的潜在手续费 收入。其中，Coinbase 推出的 Base 网络收入超过 7500 万美元，占 Layer-2 总收入近 60%。受 Dencun 升级降低费用影响，ETH 年内价格下跌约 10%，通缩效应减弱，但以太坊在 DeFi 中的 TVL 占比仍提 升至约 64%。 ...

Core Insights - Crypto adoption is expected to accelerate in 2026 due to the momentum from ETFs, stablecoins, tokenization, and clearer regulations [1][4] - 2025 is seen as a turning point for the digital asset sector, with regulated spot ETFs enhancing investor access and stablecoins becoming more integrated into traditional finance [3][4] Regulatory Developments - In the US, the GENIUS Act has advanced stablecoin legislation, providing a clearer framework for dollar-pegged tokens [6] - The Markets in Crypto-Assets regulation in Europe has improved consistency in licensing and compliance across member states [6] Market Dynamics - Global crypto adoption has fluctuated between 10.3% in Q1 2023 and 9.9% in Q1 2025, indicating market maturity rather than stagnation [5] - The stability in adoption rates reflects a maturing market, with regulatory clarity acting as a key catalyst for future growth [5][9] Future Outlook - The interplay between ETFs, stablecoins, and tokenization is expected to drive faster crypto adoption in 2026 [4][9] - Clearer regulations are facilitating deeper institutional participation and real-world integration of crypto assets [9]

Photo by BeInCrypto South Korea's Financial Services Commission (FSC) has reportedly proposed limiting major shareholders of cryptocurrency exchanges to 15-20% ownership stakes, a regulatory bombshell dropped on December 30-31 that is now casting a long shadow over the industry's outlook for 2026. The proposal would force the founders and controlling shareholders of Korea's top five exchanges to divest significant portions of their holdings. A New Year Clouded by Uncertainty The timing of the announcem ...

A US federal judge threw out a crypto investor lawsuit against Mark Cuban and the Dallas Mavericks, ending a case that tried to pin Voyager Digital’s collapse on celebrity-style promotion and team marketing. Judge Roy K. Altman of the US District Court for the Southern District of Florida said in an order dated Friday that the plaintiffs failed to establish personal jurisdiction over Cuban and the team, and the court lacked a sufficient connection between Florida and the alleged promotion. Cuban’s Perso ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin is good for the U.S. dollar, Coinbase (NASDAQ:COIN) CEO Brian Armstrong says. “Bitcoin in an indirect way is helping the dollar,” Armstrong told record producer Rick Rubin in an episode of his “Tetragrammaton” released last week. “I would say it provides a check and balance on the dollar in the sense of if there’s too much deficit spending or inflation in the U.S., people will flee to Bitcoin [in] ...

As filed with the U.S. Securities and Exchange Commission on December 31, 2025. Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 OFA Group Not Applicable (Translation of Registrant's name into English) Cayman Islands 8711 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer (Exact name of Registrant ...

Core Viewpoint - Trump Media and Technology Group Corp. is expanding into digital assets by planning to issue a new cryptocurrency for its shareholders, indicating a strong alignment with the evolving crypto market as regulatory pressures ease in Washington [1][7]. Group 1: Cryptocurrency Initiative - The company announced it will create a token in partnership with Crypto.com, distributing one token for every share owned by shareholders [3][5]. - The token is expected to operate on the Cronos blockchain, which is supported by Crypto.com [3]. - This initiative is framed as both a reward for shareholders and a step towards broader integration of cryptocurrency within the company's operations [5][6]. Group 2: Existing Digital Assets - Trump Media is part of a growing list of Trump-linked digital assets, including the WLFI token and the USD1 stablecoin from World Liberty Financial, which is backed by the Trump family [4]. - Earlier this year, the company launched the TRUMP memecoin and the MELANIA token, both of which have experienced significant declines since their introduction, highlighting the volatility in the crypto sector [4]. Group 3: Future Ambitions and Regulatory Environment - The company has ambitions that extend beyond social media and tokens, including plans related to nuclear fusion, cryptocurrency stockpiling, financial products, and sports wagering [7]. - The crypto industry is currently benefiting from a more favorable regulatory environment, with recent legislation clarifying oversight and some enforcement actions being paused or dropped [7].

Core Insights - The cryptocurrency industry experienced significant volatility in 2025, with Bitcoin reaching a record high of over $126,000 before closing the year below $90,000, indicating a lack of sustained gains despite positive regulatory developments [2][4][10] Market Performance - Bitcoin's price fluctuations reflect broader market sentiments, with retail investors feeling negative while institutional investors remain optimistic about future growth [4][11] - The passage of stablecoin legislation and a crypto-friendly regulatory environment are seen as potential catalysts for future market recovery [2][13] Institutional Interest - Institutional demand for Bitcoin is expected to outpace supply, with crypto ETFs having acquired over 700,000 Bitcoin since their launch in 2024, which is approximately double the new coins produced during the same period [7][6] - Major financial institutions, including Morgan Stanley and Merrill Lynch, are beginning to offer crypto ETFs, which could further drive demand [6] Future Outlook - Experts predict that 2026 could see Bitcoin breaking out of its current stagnation, with potential new highs driven by institutional buy-in and regulatory shifts [3][9] - The prospect of lower interest rates may enhance retail and institutional interest in cryptocurrencies [5] Regulatory Developments - The CLARITY Act aims to establish a regulatory framework for cryptocurrencies, which could improve the industry's outlook if passed [13][14] - The act would designate the Commodity Futures Trading Commission as the primary oversight agency for crypto, a move favored by industry stakeholders [14][15] Tokenization Trends - The tokenization of real-world assets, including stocks and stablecoins, is gaining traction, with significant players like Coinbase and BlackRock prioritizing this strategy [17] - The expansion of Circle's USDC stablecoin, which saw its circulating supply increase by over 50% in 2025, highlights growing interest in tokenized assets [15]

Trump Media and Technology Group has confirmed plans to distribute a new digital token to its shareholders, marking the clearest step yet in the company’s gradual expansion into blockchain-based products tied to its media and financial services ecosystem. In a press release, the company said it intends to issue the token to shareholders of its publicly traded stock, DJT, in partnership with Crypto.com. The distribution will be carried out using Crypto.com’s infrastructure, with the token expected to run ...