Bitwise has submitted filings to the U.S. Securities and Exchange Commission to introduce 11 single-token "strategy" crypto ETFs focused on individual altcoins. The proposed funds would give brokerage investors rules-based exposure to assets such as Aave, Uniswap, Zcash, Bittensor, Sui, and Near by combining direct token holdings with related exchange-traded products and derivatives.

On 31 December 2025, SoftBank finalized its multi-stage investment in OpenAI, bringing its total commitment to roughly $40 billion and securing more than a 10% stake. The last payment, completed last week, was estimated at over $22 billion and came after SoftBank sold its $5.8 billion Nvidia position to free up capital. The deal values OpenAI at a $260 billion pre-money valuation and supports expansive AI infrastructure plans as tech giants, including Microsoft, Amazon, Disney, and Meta, intensify competition in artificial intelligence.

On December 31, 2025, onchain data indicated that XRP balances on centralized exchanges had retreated to levels last seen in 2018, pointing to a sharp contraction in immediately tradable supply. Over the past two months, total exchange holdings dropped from nearly four billion XRP to about one and a half billion, while the price hovered around $1.86 and continued to hold the $1.78–$1.80 support zone. This combination of reduced sell-side liquidity and resilient price structure suggests the market may be shifting toward a supply-driven consolidation phase as it approaches 2026.

On 31 December 2025, Michael Novogratz said crypto‑native companies still rise and fall with Bitcoin, as fees, trading, and staking income compress when prices drop. He added that Galaxy Digital is expanding into data centers and infrastructure to reduce earnings volatility, while he sees scope for a crypto catch‑up into 2026.

On 30 December 2025, Russia's central bank outlined a tiered framework for domestic digital financial assets, according to Coindoo. Non-qualified retail investors will face an annual cap of 600,000 rubles starting in 2026, with limited access to macro-linked instruments. Regulators also signaled potential issuance on public blockchains to attract foreign capital.

On 30 December 2025 at 16:44, Cypherpunk Technologies disclosed a purchase of more than 56,000 ZEC, committing close to $29 million. Its Zcash treasury rose to just over 290,000 ZEC, representing roughly 1.76% of circulating supply, as the company emphasized a long‑term, privacy‑focused balance‑sheet strategy built over multiple market cycles.

Decentralized perpetuals exchange Lighter is rolling out the Lighter Infrastructure Token (LIT) as the core asset for its governance and value capture model ahead of its token generation event. Half of LIT’s supply is allocated to ecosystem initiatives, including a 25% fully diluted airdrop for participants in two 2025 points programs, while the remaining half goes to the team and early backers under a one-year lockup and three-year vesting schedule. Revenue from Lighter’s products is designed to accrue onchain to LIT holders through flexible mechanisms such as ecosystem reinvestment or token buybacks.

On 30 December 2025, onchain indicators showed that long-term Bitcoin holders had halted their selling for the first time in about six months, after offloading roughly 500,000 BTC since mid-summer. Over the same period, large Ethereum wallets holding at least 1,000 ETH accumulated around 120,000 ETH and increased their share of the total supply to nearly 70%. Bitcoin hovered near $87,750 while Ethereum traded around $2,975, with market sentiment still cautious and US-based traders showing continued selling pressure.

On 30 December 2025, new onchain data showed that stablecoins on Ethereum and Solana recorded over 113 million transactions during European trading hours in 2025, signaling rapid growth in usage. Activity more than doubled compared with 2024, even as the MiCAR regulatory framework tightened rules and policymakers highlighted potential financial stability risks.