1. Grayscale: Crypto Growth Stagnates in Q4 2025, But Privacy Tokens Shine

In the fourth quarter of 2025, the upward momentum of cryptocurrencies slowed as the market digested previous gains and readjusted its expectations for the coming year. After a generally positive third quarter, returns across crypto asset classes generally declined, reflecting a more cautious market sentiment under the influence of evolving regulatory and technological factors. In this environment, different crypto markets performed differently, with privacy-related assets outperforming other sectors this quarter, as reflected in our "Crypto Sector" framework.

2. Dragonfly Partner: 25 Predictions in 6 Categories for Crypto Trends in 2026

It's time to look ahead to 2026 again—2025 is coming to an end, and it's time to make predictions. I believe 2026 will be unexpected, with both surprises and upsets.

3. 2026 Crypto Industry Outlook: What Does the Market Look Like in the Eyes of Major Institutions?

With 2026 approaching, various institutions have made predictions about the cryptocurrency industry. This article summarizes the predictions from these institutions, helping you understand the industry's development prospects and predict future trends. Click to read

4. 2025 US Stock Market Yearbook: New Walls Rise, Fences Collapse - How to Find the Anchor Point for a New Order in 2026?

As 2025 comes to a close, looking back at the US stock market and global financial markets over the past 12 months, it's difficult to summarize this year with linear terms like "rise" or "correction." Instead, it's more like a series of dramatic, mutually reinforcing structural changes—accelerated technology, capital expansion, political polarization, and institutional loosening occurred simultaneously and were amplified within the same cycle.

5. Where is Bitcoin currently positioned from a miner's perspective?

As market pressure continues to intensify following the Bitcoin halving, the cryptocurrency mining industry is undergoing a transformation. Recently, Bitmain, a global mining machine giant, implemented a rare price reduction, not only signaling the end of the industry's old pricing logic but also indirectly confirming that the market is in a critical phase of transition from "miner capitulation" to "bottom building." This price reduction occurs against the backdrop of relatively stable Bitcoin prices, making it highly unusual. The core reason is that the "hashrate price" has fallen to a historical low, and CoinWarz estimates that the upcoming January will see an increase in mining difficulty, which will inevitably affect miners' decisions.