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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.

Mirae Asset Group is negotiating to acquire Korbit in a deal valued around $100 million, with Mirae Asset Consulting leading and an MOU signed with major shareholders. The exchange, founded in 2014 and operating under South Korea's licensing regime, has under 1 percent domestic market share by volume. Over the last 24 hours, Korbit posted $5.75 million out of roughly $1.21 billion across six local platforms.

Institutional investors pulled nearly $782 million from US-listed spot Bitcoin ETFs during the Christmas week, with about $276 million exiting on Friday. Bitcoin traded near $87,000 as total ETF assets fell to around $113.5 billion, extending a six-day net outflow streak and lifting cumulative withdrawals beyond $1.1 billion.

On Christmas, Binance’s BTC/USD1 pair briefly fell to $24,111 for about three seconds, a thin-book wick rather than a broad crash, according to Shanaka Anslem Perera. He also cited a similar Dec. 10 spike from about $96,000 to $76,000. On Friday, PlanB said Bitcoin near $87,500 sits far below stock and gold model levels at roughly $6,900 and $4,500.

In 2025, governments shifted crypto into formal policy, led by actions outlined on December 25. The U.S. moved to a Strategic Bitcoin Reserve, the UAE enforced VARA and ADGM rules, and El Salvador kept holdings after ending legal tender, lifting reserves to roughly 7,500 BTC. Pakistan allocated 2,000 megawatts for mining, while Europe and Brazil tightened oversight, including an $18 million central bank stake in Coinbase.

China's export controls on silver begin on 01 January, intensifying a metals rally as Bitcoin faces a key test into Q1 2026. In Q4 2025, silver surged 70% to an all-time high of $79/oz while BTC fell 25% after early-October tariff headlines. Analysts say institutions now hold 50–60% of silver supply, tightening flows.

In a 2026 outlook, Clear Street's Owen Lau named Coinbase a top fintech pick alongside Nasdaq and S&P Global, reiterating a Buy rating and a 12‑month price target of $415. During a post‑Christmas selloff, Coinbase shares traded around $234.50, down roughly 1.2%, but Lau argued the pullback does not change his longer‑term thesis.

As US spot Bitcoin and Ethereum ETFs approach their second anniversary, Galaxy Digital's 2026 outlook projects net inflows into US spot crypto ETFs will climb above $50 billion after recording $23 billion in 2025. The firm also expects more than 100 new crypto ETF products, over 15 US IPOs or uplistings by crypto firms, and notes Bitcoin trading around $87,480 and Ethereum near $2,930 with both still below prior all-time highs.

According to a report updated on December 27, 2025, NASA Administrator Jared Isaacman said in a CNBC interview the U.S. will return to the moon during President Donald Trump's second term and outlined an "orbital economy" plan. He cited Artemis work with SpaceX, Blue Origin, and Boeing, noting a $9.9B boost from Trump's bill. The piece also described SpaceX buying over 1,000 Cybertrucks amid weak Tesla sales.

Brian Armstrong announced an arrest in India involving a former customer service agent tied to Coinbase’s May 2025 breach. Coinbase set aside up to $400 million for remediation, including a $20 million customer reward fund and a new U.S. support hub, and said less than 1% of customers were affected without password or private key compromise. Shares slipped 1.2% to $236.79.