In 2025, Trump-themed crypto launches surged and then dropped, with losses of 80% to 99% by December 23, while Bitcoin turned lower after October highs. On November 3, Scion Asset Management disclosed puts on Nvidia and Palantir, and in October gold set records as shutdown fears spiked; later, a Bloomberg JGB index declined more than 6% as yields rose.

Crypto venture investment surged in 2025, peaking at about $10 billion in Q2 and staying near $8 billion in Q3 and Q4. Yet CryptoRank data shows many newly listed tokens now trade far below private-round valuations, with drops from $1 billion to around $285 million and from $400 million to $15–16 million.

Since January 2025, the Trump administration has overseen a sharp pullback in U.S. SEC enforcement against crypto firms and a reduction in PCAOB audit inspections. The SEC has paused or dropped around 60% of existing crypto cases, dismissed lawsuits against major exchanges, and backed a more business-friendly oversight model. Lawmakers and advocacy groups warn the softer stance and uncertain inspection priorities may heighten risks for investors despite new federal rules for stablecoins and digital asset markets.

CME FedWatch data indicate that ahead of the Federal Reserve's January meeting, markets assign a 17.7% chance of a rate cut to the 325–350 basis point range and an 82.3% likelihood of rates staying at 350–375 basis points. Futures pricing shows no expectation of a hike, reflecting cautious repositioning rather than a clear policy signal. Crypto assets, including Bitcoin and Ether, traded slightly higher but reacted only modestly to the shift in implied probabilities.

Hyperliquid closed out 2025 with $844 million in revenue, $2.95 trillion in trading volume, and more than 600,000 new users. Perpetuals generated $848.33 million in fees, while Bitcoin led activity at $1.16 trillion. The exchange also reported $3.87 billion in net inflows and expanded HIP-3 listings to global equities.

Over the past week, the crypto market traded in a tight range while traditional safe-haven assets like gold, silver, and platinum attracted inflows. Canton [CC], Zcash [ZEC], and DASH [DASH] recorded notable weekly gains, whereas Pippin [PIPPIN], XDC Network [XDC], and MYX Finance [MYX] ended among the biggest losers. Price swings ranged from double-digit rallies to steep drops exceeding 70% across select altcoins.

On Dec. 27, CEO Brian Armstrong said Coinbase is working with Hyderabad Police in India after the arrest of a former customer support agent linked to an insider bribery and data theft scheme. Public filings show the breach was discovered in May 2025, ultimately affecting 69,461 people and leading Coinbase to recognize $355 million in related costs across Q2 and Q3 2025.

AMLBot's on-chain study covering 2023–2025 reports Tether froze more than $3.29 billion in USDT and blacklisted 7,268 addresses across Ethereum and Tron, while Circle's USDC freezes totaled $109 million over 372 addresses. The gap was amplified on Tron, where $1.75 billion in USDT sits in blacklisted wallets. The findings underscore contrasting enforcement practices among leading stablecoin issuers.