Friends, 2025 is almost over, and this year the crypto market has truly been a rollercoaster ride. Let me help you recap the top ten macro events that really shook our account balances. After reading this, you'll understand where the money went and where the opportunities lie.
Rank 10: The EU's MiCA regulations have been fully implemented
Europe has given cryptocurrency a 'formal registration', but there are also more rules. The benefit is that mainstream capital is willing to enter, but the downside is that DeFi projects are facing some headaches.
Rank 9: A certain country officially declared Bitcoin as fiat currency 2.0
Another country has gone ALL IN on Bitcoin. Although its economy is not large, the symbolic significance is very strong. Every time such news comes out, it can drive a wave of excitement.
Eighth place: The US SEC approved the first spot Ethereum ETF
Following the Bitcoin ETF, Ethereum has also 'turned positive'. Institutional funds have a new entry, and ETH is finally no longer a 'security'.
Seventh place: The global AI competition has intensified, and computing power tokens have skyrocketed
Nvidia's earnings report exploded, igniting not only stock prices but also the AI + crypto sector. Tokens that sell computing power and store data became the dark horse of the year.
Sixth place: The Federal Reserve 'raised interest rates with words' for a whole year
Inflation won't come down, and the Federal Reserve will keep scaring the market with interest rate hikes. The result is 'loud thunder but little rain', but with each hawkish statement, the market trembles.
Fifth place: Middle East geopolitical conflict escalates again
Regional conflicts have caused sharp fluctuations in energy prices, and global funds are seeking safe havens. Gold and Bitcoin have once again been brought up for discussion.
Fourth place: In the US election year, regulatory attitudes sway back and forth
Candidates are hot and cold towards the crypto industry for votes. Regulatory uncertainty has become the biggest uncertainty, and project parties are all observing.
Third place: Large traditional banks launched institutional custody services
JPMorgan, Goldman Sachs, and other giants are truly getting involved, providing custody for the super-rich and funds' crypto assets. The pipeline of traditional finance is officially connected, and the flood is at the door.
Second place: Tether (USDT) transparency questioned again, causing a brief de-pegging
Annual moment of terror. The largest stablecoin in the market, even a slight doubt can trigger panic across the market. This has led more people to seriously seek alternatives like @USDD - Decentralized USD that are over-collateralized and transparently on-chain. The true decentralized stablecoin shows its value in a crisis.#USDD以稳见信
First place: Global debt crisis warning
Debt skyrocketing in multiple developed countries has caused the market to worry about the credit monetary system itself. This is the most fundamental underlying logic of all events—distrust in sovereign credit is the longest-lasting fuel for cryptocurrencies.
Summary: 2025 tells us that trading coins is no longer just about looking at K-lines, but also about understanding the world. In 2026, finding certainty amidst uncertainty (such as reliable stablecoins and clear tracks) is the way to survive.
(This article is a personal review and does not constitute investment advice)
