The deal includes performance-based earn-outs contingent on Enigma's strategies generating $40 million in net income.
Digital fixed-income products are experiencing rapid growth, with $325 million distributed on Mercado Bitcoin's platform in 2025.
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
The crypto industry is ever-growing and ever-changing. It would be difficult to summarize it in 50 names. Here are a few final individuals and entities we wanted to make note of this year.
Jeff Yan, founder of Hyperliquid, has quietly built a $308 billion volume DEX with over half a million users, influencing DeFi while avoiding public attention.
The administrator winding down what remains of Terraform is suing Jump Trading, accusing it of contributing to its demise while profiting illegally.
Bybit exited the U.K. in 2023 following a tightening of rules around the promotion and marketing of crypto services.
The decentralized wireless protocol plans U.S. expansion and new international deployments as investors back a user-owned alternative to legacy internet providers.
Pérez-Tasso brought Swift into the blockchain age.
The move links PayPal’s dollar-pegged token to onchain funding for GPUs and data centers, supported by a $1 billion customer incentive program.
The co-founders and co-CEOs of IREN Limited have transformed the bitcoin mining firm into an AI infrastructure powerhouse.
Led by Finance Minister Gilles Roth, Luxembourg in the second half of 2025 became the first of the 20-member eurozone to invest in bitcoin.
North Korea-linked hackers drove a record year for crypto thefts, favoring rare but massive attacks on centralized services, led by Bybit’s $1.4 billion breach.
SoFi Bank becomes the first U.S. national bank to launch a stablecoin, positioning SoFiUSD as a faster, safer alternative to crypto-native tokens.
The Wall Street titan’s recent embrace of a public blockchain is a harbinger of things to come.
Coinbase is dramatically expanding the assets available to trade on its platform, including novel cryptocurrencies, perpetual futures, stocks and prediction markets, starting with Kalshi.
The wealth advisory firm enlisted the help of crypto-based algorithmic trading firm Arch Public to create the strategy.
The stablecoin will facilitate tokenized asset transactions and is expected to be linked to the Brazilian real.
Allaire spent 2025 pushing regulated digital dollars into the mainstream, shaping U.S. policy and unveiling Arc as the foundation for institutional blockchain finance.
The Securitize CEO ground through the uncool years of tokenization while NFTs, FTX and memecoins soaked up the hype. With billions in tokenized assets, a SPAC listing in the works and BlackRock as a flagship client and backer, Carlos Domingo’s early bet is finally paying off.
The partnership will focus on Tokenet, Digital Prime's institutional lending network, and introduce new features like regulated stablecoin collateral.
The new quantitative vehicle aims to deliver risk-managed returns across crypto market cycles as the firm readies a global expansion push.
Canton creator Digital Asset will help tokenize DTC-custodied U.S. Treasury securities.
The platform offers full legal ownership, with shares issued and recorded onchain, and provides real shareholder rights and self-custody.
The public crypto wallet firm joins Circle and PayPal in issuing stablecoins.
Backed by U.S. Treasuries, USDM1 marks a new model for digital public finance and universal basic income in underserved regions.
Using the Bitcoin's Lightning Network and Tether's USDT, Speed handles $1.5 billion in annual payments and serves 1.2 million users.
Peter Schiff, the outspoken gold advocate and notorious bitcoin critic, has been vindicated by the market’s performance, cementing his stance after years of skepticism towards digital assets.
Sanctions, capital controls and Russia’s improvised financial plumbing helped create A7A5, a ruble stablecoin built on a currency rarely used in global commerce, allowing it to appear legally at major events even as its presence leaves compliance teams panicked.
Young sparked a new category of digital assets, yieldcoins, that sits at the intersection of DeFi rails and TradFi basis trades.