Three major storms are coming to the cryptocurrency world at the end of 2025.

At the end of 2025, the cryptocurrency market entered a period of rapid change: Bitcoin plummeted, institutions increased their holdings against the trend, major breakthroughs occurred in US regulation, Asian exchanges successfully listed, and some countries even began using cryptocurrencies to distribute income to the general public. This series of events altered market expectations and laid a significant foundation for the cryptocurrency market in 2026. I. Bitcoin Falls Below $90,000: Market Sentiment Shifts to "Panic" Over the past two weeks, Bitcoin has steadily declined below $90,000, and investor sentiment has deteriorated rapidly. Many traders believe the market may remain sluggish until the end of the year, but several analysts point out that the current decline is not due to an industry crisis, but mainly because large funds are still on the sidelines waiting for low-level opportunities. Some institutions even predict that 2025 may become the fourth time in BTC history that it has experienced an "annual decline." II. At this time, institutions began to "quietly buy in". The market crashed, but institutions were increasing their positions. Data shows: ARK Invest increases holdings in Coinbase, Circle, and other stocks. Multiple funds invest in Bitcoin spot trading and related ETFs. Some mining companies also show signs of significant buying. This is a typical "contrarian indicator": Retail investors sell, institutions buy. Market panic is a signal for institutional entry. Historically, before each major bull market, a similar pattern often precedes the bottom. III. US Regulatory Breakthrough: Crypto Companies Approved to Establish "National Trust Bank" The Office of the Comptroller of the Currency (OCC) announced that it has granted preliminary approval to crypto companies, including Ripple and Circle, to establish a "National Trust Bank." Significant implications: Crypto companies can access the "US banking system" and participate in key operations such as custody, clearing, and compliance. This will further legalize and institutionalize crypto assets. In short, it's a milestone for the crypto industry as it moves towards the core of traditional finance.

IV. HashKey's Successful Listing in Hong Kong: A New Chapter in Asian Crypto Regulation

Hong Kong Officially Welcomes its First Batch: Licensed Digital Asset Exchanges → Successfully Listed on the Capital Market. This means that: Hong Kong's Web3 strategy continues to strengthen; the formal acceptance of the crypto industry by Asian capital markets has opened the door for more compliant crypto companies to "go public and raise funds." This event has a profound impact on the Asian market. V. Marshall Islands Launches "World's First Encrypted Universal Basic Income" The Marshall Islands announces the implementation of: Universal Basic Income (UBI) using blockchain and stablecoins. The world's first national-level encrypted UBI project is officially launched. Highlights: list-paddingleft-2">

The distribution process is transparent and traceable

The cost is far lower than traditional fiscal distribution

Cryptocurrency has truly entered the public welfare system for the first time

This may be the beginning of global "digital welfare". VI. The Crypto Industry in 2026 Will Be Driven by These Three Forces To facilitate reader understanding, we have summarized recent events into 3 key trends: Trend 1: Crypto Officially Moving from "Speculative Goods" to "Institutionalized Assets" US + Hong Kong Regulatory Breakthrough → Future crypto companies will be regulated like banks and securities firms. Trend 2: Institutions are continuously accumulating shares at low levels, and the next bull market is gathering momentum. Every major bull market is signaled by a bottoming pattern of "panic selling + institutional buying." Trend 3: Global application scenarios are expanding, and national-level implementation cases are emerging. From remittances and payments to now "universal income"—the application boundaries of cryptocurrencies are constantly expanding. Conclusion: A New Cycle is Brewing Amidst the Storm. The market turmoil at the end of 2025 is not the end, but the beginning of a restructuring cycle: Price Decline; Institutional Bottom-Fishing; Regulatory Breakthrough; Innovative Application Implementation. These factors are collectively brewing a new, more mature, compliant, and internationally-oriented crypto cycle. The next wave of opportunities often quietly emerges during the most chaotic times.