Delphi Digital, in an article published on the X platform, stated that the GameFi industry performed poorly in 2025, with funding declining by over 55% year-over-year. The most anticipated product launches underperformed, and market enthusiasm was low. Web 2.5 games are quietly emerging; these games treat blockchain as pure infrastructure, typically do not issue tokens, and compete based on actual revenue. Studios like Fumb Games, Mythical Games, and Wemade/Wemix are leveraging blockchain technology to improve profit margins and enhance engagement, consistently generating substantial revenue. Web3 native games generated six- to seven-figure revenues this year, but their player base is small and bot-heavy, and user churn is severe once incentive mechanisms disappear. Web 2.5 studios can currently utilize the advantages of blockchain without forcing users to speculate. The widespread adoption of stablecoins will accelerate this trend, making small transactions, global payment channels, and engagement-based reward mechanisms more convenient.

According to PANews, Dragonfly Managing Partner Haseeb has shared his predictions for 2026, highlighting several key developments in the cryptocurrency and fintech sectors. He forecasts that Bitcoin will surpass $150,000 by the end of the year, although its market share may decline. Fintech public chains like Tempo, Arc, and RobinhoodChain might underperform market expectations, while Ethereum and Solana are expected to exceed them, with top developers continuing to choose neutral infrastructure public chains. A major tech company, potentially Google, Facebook, or Apple, is anticipated to launch or acquire a cryptocurrency wallet in 2026. Three large Perp DEXs are projected to dominate 90% of the market, leaving other projects to compete for the remaining 10%. Equity investments are expected to grow rapidly, accounting for over 20% of total DeFi investments by the end of the year. Stablecoin supply is predicted to increase by approximately 60%, with USD stablecoins maintaining a share of over 99%. USDT's dominance is expected to slightly decrease to around 55%. The 'Clarity' Act is set to become law, though significant negotiations are anticipated. The prediction market is expected to grow rapidly, but 90% of prediction market products may become obsolete and disappear by the end of the year. Artificial intelligence applications in the crypto sector are likely to remain focused on software engineering and security, with other areas still in the prototype stage.

According to ChainCatcher, a federal court has ruled that NGS Group Limited and its affiliates, NGS Crypto and NGS Digital, operated financial services without holding an Australian Financial Services (AFS) license. As a result, they have been permanently banned from conducting related business and ordered to liquidate. Approximately 450 Australian investors invested around 59 million AUD through these companies, primarily via self-managed superannuation funds encouraged by NGS. The court has appointed professionals from McGrath Nicol as liquidators to manage the company's assets and attempt to return funds to investors. Sarah Court, Deputy Chair of the Australian Securities and Investments Commission (ASIC), stated that NGS companies blatantly disregarded Australian financial services laws, leaving investors without basic protections. The ASIC's investigation into the company and its directors is ongoing.

According to Foresight News, the U.S. Securities and Exchange Commission (SEC) has announced the upcoming retirement of Cicely LaMothe, the Deputy Director of the Division of Corporation Finance. LaMothe has been instrumental in issuing over 25 new and revised compliance and disclosure interpretations, covering topics such as rebate provisions, de-SPAC transactions, and Rule 10b5-1. She also released Staff Legal Bulletin 14M, providing insights on the applicability of Rule 14a-8, and issued seven staff statements on rapidly evolving crypto-related issues, including liquid staking, stablecoins, mining activities, meme coins, and crypto ETPs. LaMothe joined the Division of Corporation Finance in 2002 and has held several senior leadership roles, including Director of the Disclosure Review Program, Deputy Director of the Office of Assessment and Continuous Improvement, and Deputy Director of Disclosure Operations. In 2022, she was appointed as the Deputy Director of Disclosure Operations.

According to PANews, the South Korean Supreme Court has upheld a four-year prison sentence for a cryptocurrency exchange employee involved in an espionage case. The employee was found guilty of assisting North Korean hackers in recruiting a South Korean army captain to exchange military secrets for Bitcoin. The employee received $487,000 in Bitcoin from the hackers and paid the captain $33,500 in Bitcoin as compensation. The court ruled that the employee violated the National Security Act, posing a threat to national security. The involved army captain had previously been sentenced to ten years in prison and fined for breaching the Military Secrets Protection Act. Investigations revealed that North Korean hackers instructed the employee to provide the captain with a "watch-shaped hidden camera" and a USB hacking device intended for use on military laptops to remotely access the Korea-U.S. Joint Command Control System, although the attempt was unsuccessful.

Haseeb, Managing Partner of Dragonfly, published his predictions for 2026 on X, with some key points as follows: 1. BTC will exceed $150,000 by the end of the year, but its market dominance will decline; 2. A major tech company (Google, Facebook, Apple, etc.) will launch or acquire a crypto wallet in 2026; 3. Three major Perp DEXs will take 90% of the market share in this sector, while other projects can only compete for 10%; 4. Equity investment will grow rapidly, accounting for more than 20% of total DeFi investment by the end of the year; 5. The supply of stablecoins will increase by about 60% in 2026, with USD stablecoins maintaining a share of over 99%, and USDT's dominance slightly declining to about 55%; 6. The Clarity Act will officially become law, but it will require significant negotiation. 7. The prediction market is developing rapidly, but 90% of prediction market products will be completely ignored and gradually disappear by the end of the year; 8. The main application scenarios of artificial intelligence in the field of encryption are still limited to software engineering and security, while other aspects are still in the prototype stage.

According to data from msx.com, at the close of trading on the US stock market, the Dow Jones Industrial Average fell 0.51%, the S&P 500 fell 0.35%, and the Nasdaq Composite fell 0.5%. The crypto sector generally declined, with DFDV falling 7.6%, ABTC falling 4.23%, and HODL falling 3.36%. msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering US stock and ETF tokens such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

Dragonfly’s Haseeb Qureshi predicts Big Tech and Fortune 100 companies will start building in crypto in 2026, but that corporate L1s will fail to challenge Ethereum and Solana. source: https://cointelegraph.com/news/tech-giants-google-apple-meta-launch-crypto-wallet-2026?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to BlockBeats, Cantor Fitzgerald analyst Brett Knoblauch has forecasted that Bitcoin may be entering the early stages of a 'crypto winter,' reflecting its historical four-year cycle pattern. He suggests that Bitcoin's price could remain under pressure for several months and might even test Strategy Company's average cost price of around $75,000. Unlike previous downturns, this adjustment may not be characterized by large-scale liquidations or systemic collapses. Knoblauch notes that the current market landscape is being shaped by institutional participants rather than retail traders. He highlights a growing gap between token price performance and 'underlying real progress,' particularly in areas such as decentralized finance (DeFi), asset tokenization, and crypto infrastructure.

Maxine Waters pressures SEC's Paul Atkins after crypto case terminations, highlighting administrative oversight concerns. source: https://coincu.com/news/waters-sec-crypto-case-explanation/

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2924, providing you with the latest and fastest news on the digital currency and blockchain industry.

If you had to summarize the crypto market in 2025 in one sentence, it would be: "If things continue like this, nobody will be trading crypto anymore."

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

The same encrypted world is diverging into different cities, different residents, and different lifestyles.

When regulators stop trying to eliminate encryption and instead choose to absorb it, it means an era has come to an end.

The current state of stablecoin development, its operating mechanisms, potential returns and risks, and the evolving international regulatory framework.

JPMorgan Chase has frozen accounts used by at least two rapidly growing stablecoin startups in recent months, highlighting the risks that cryptocurrency trading poses to banks, which must understand the customers they do business with and the sources of their funds.

Governance, Crypto Markets, Underlying Algorithms, and Social Robustness: Christmas Reflections on the Evolution of Principles and Their Game Theory Logic. (Golden Finance) Technology is merely a lever; it can amplify both benefits and destruction.

The Bitcoin developer community has recently been engaged in a heated discussion about the Cat BIP proposal. The core of the discussion is not about NFTs or junk transactions, but rather about what kind of judgments the consensus layer should be allowed to make.

Japan is moving forward with a major overhaul of its crypto taxation framework, proposing a flat 20% tax on profits from digital assets under its 2026 tax reform plan. While this marks a significant reduction from the current 55% rate, the new policy currently applies only to a limited set of “specified” crypto assets, leaving many to wonder what that means.