PANews Editor's Note: PANews has selected high-quality content from the week to help everyone fill in the gaps during the weekend. Click on the titles to read.
Review of 2025 and Outlook for 2026
A Visual Summary of Arthur Hayes' "Predictions" for 2025!
A review of CryptoHayes' annual predictions: from BTC's pullback to $70,000 to a year-end surge towards $250,000, with multi-line bets on ETH, SOL, etc., forming a unique cultural landscape in the crypto industry.
Grayscale's Latest Report: Top 10 Investment Themes for 2026 and the End of the "Four-Year Cycle"
The market is shifting from an emotionally driven cyclical game to a structurally differentiated phase dominated by compliant channels, long-term funds, and fundamental pricing.
From Hype to Reality: A Sharp Review of 21 Mainstream Crypto Narratives for 2025
Narratives like prediction markets and RWA are gaining traction, while GameFi and NFTs are being forgotten.
PANews' Year-End Crypto Review: Did You Pass Your 2025 Crypto Gains?
Is it time to continue participating indiscriminately, or to reassess your time, risk, and expectations?
The crypto public chain has entered an era of "extreme profit concentration and collective zombification of the long tail."
Key Moments of 2025: A Song of Ice and Fire in Cryptocurrency
2025 was a year of transformation for the crypto market amidst ice and fire. It marked the maturation of the crypto industry and its true entry into the mainstream. This article by PANews outlines the timeline of 2025, reviewing key moments that changed the crypto industry.
For more related content, please visit the special topic—Seeing Through the Fog: Review of 2025 and Outlook for 2026
Macroeconomic Perspective
PANews attempts to analyze the current capital landscape of the market through data such as market depth, options market, and stablecoins. The final conclusion is that the market does not seem to be experiencing a true recovery but is instead trapped in a state of continuous liquidity decline and accelerated defensive positioning by institutional funds.
Stop Focusing Only on Bitcoin; We Are Already in a Bear Market
Bitcoin reached a new high this year, but why is there no altcoin season?
Reviewing Past Bitcoin Bull Markets: Why Do Four-Year Cycles Occur, and Have They Ended?
Each cycle is unique, and future cycles could be completely different from the past.
How is the SEC paving the way for Trump's business interests?
A wealth of information about 2026, AI payments, and his current "free" life.
Kevin Walsh Emerges Midway: How Did the Inflation Hawk Become a Popular Candidate for Fed Chair?
The competition between the "Two Kevins" is not just a personnel struggle but also a game about the independence and policy direction of the Federal Reserve.
Seizing Opportunities
Over 9,000 participants teamed up to submit 1,576 projects, with a total of 33 projects winning awards, plus 33 recommended projects.
Staking does add a cost of capital for media, but it can gain audience trust, which is also a cost in the era of fake news.
U launched and immediately received high-profile retweets from the official BNB Chain Twitter, and was directly noticed by CZ, Sun, YZi Labs, and other top figures in the industry.
Investment Map of Agents from Protocol Stack to Payment Ecosystem
The role of Web3 is not to replace traditional payments but to provide verifiable identity, programmable settlement, and the underlying capabilities of global stablecoins for the Agent era.
Web3 Matters
The darkness before dawn, what is the impact of the MSCI index on Strategy?
Dialogue with He Yi: How Did "You Can't Afford It" Become CZ's Most Important Partner?
"I think the most important thing in life is 'since you're here, make the most of it.'"
Breakpoint 2025 Conference Insights: Crypto Has Grown Up, We’ve Returned to Wearing Shirts
The financial world is moving towards the on-chain era, but your holdings may not experience a surge.
Repeatedly Fighting and Failing, Where Does the "Endless" Money for Friends Come From?
After repeatedly suffering losses of tens of millions of dollars, how can friends mechanically replenish their margin time and again? Where does their money come from?
Aave Labs sees itself as an independent builder, operating a product with subjective opinions on a neutral protocol; while the DAO increasingly believes that the value of the protocol is being monetized outside of its direct control.
ENS Governance Crisis: Decentralization = Low Quality and Inefficiency
Setting thresholds contradicts the spirit of decentralization; if no thresholds are set, the quality of participants cannot be guaranteed. When quality cannot be ensured, excellent individuals will leave.
Coinbase expands its business to stocks, more advanced trading, and prediction markets, while also increasing investment in its on-chain ecosystem and providing new tools for enterprises and developers.
Disguised RUG, Circle's Chaos, Only Token Holders Are Getting Hurt…
Is VC "Dead"? No, the Industry is Undergoing a Brutal Restructuring
VCs, like projects and talent, are entering a phase of "clearing out" and "survival of the fittest," somewhat reminiscent of the 2000 internet bubble.
Key News
U.S. November Adjusted Non-Farm Payrolls: 64,000, Unemployment Rate: 4.6%
Tom Lee: The Potential of the Crypto Market is Currently 200 Times, the Best Times Are Yet to Come
U.S. November Adjusted Non-Farm Payrolls: 64,000, Unemployment Rate: 4.6%
CZ: A Country's President Once Requested a Project to List Tokens, Which I Clearly Rejected
Bank of Japan Raises Interest Rates by 25 Basis Points as Expected
U.S. SEC Releases Regulatory FAQ on Crypto Assets and Distributed Ledger Technology
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