1. CFTC Chair: Crypto Market Structure Bill to Be Signed Into Law Soon link
The Chair of the U.S. Commodity Futures Trading Commission (CFTC) has stated that the cryptocurrency market structure bill is on the verge of being signed into law. He remarked: “We want to lay the groundwork for a crypto regulatory framework in advance. We cannot allow a second Gary Gensler to come in and undo everything. We will ensure this bill passes smoothly.”
2. SEC Chair Paul S. Atkins: Jointly Launch Project Crypto With CFTC, Planning “Innovation Exemption” for Tokenized Securities link
In a speech at ETHDenver, SEC Chairman Paul S. Atkins stated that the SEC will advance a number of crypto-related regulatory efforts in the coming weeks and months, including collaborating with the CFTC on Project Crypto to study the “investment contract” framework, proposing rulemaking to support crypto asset fundraising, further clarifying through no-action/relief orders whether wallets and user interfaces need to be registered under the Securities Exchange Act, advancing rulemaking for broker-dealers to custody non-security crypto assets including payment stablecoins, and promoting modernized transfer agent rules to adapt to blockchain’s role in record-keeping.
3. White House Backs Limited Stablecoin Rewards, Advancing Market Structure Bill link
In its third meeting with banking and crypto industry representatives, the White House expressed support for the market structure bill to allow limited stablecoin rewards, provided they do not threaten bank deposit businesses. Bank representatives are actively involved in drafting relevant language, and the White House will consolidate the latest draft and distribute it to all parties. The focus is on Section 404 of the bill, the stablecoin rewards provision, which aims to amend last year’s GENIUS Act. Disagreements remain over the bill, including Democratic demands to ban senior officials from engaging in the crypto industry and to fill Democratic vacancies at the CFTC and SEC.
4. Strategy and Bitmine Keep Accumulating BTC, ETH, With Unrealized Losses of $5.756B and $7.943B Respectively link
Bitcoin treasury company Strategy (MSTR) purchased 2,486 BTC last week at an average price of approximately $67,710, totaling around $168 million. It currently holds 717,131 BTC (valued at roughly $48.765 billion), with an average cost basis of $76,027 per BTC, resulting in an unrealized loss of $5.756 billion.
Ethereum treasury company Bitmine (BMNR) bought 45,759 ETH last week at an average price of about $2,001, totaling around $91.56 million. It currently holds 4,371,497 ETH (valued at roughly $8.673 billion), with an average cost basis of $3,801 per ETH, resulting in an unrealized loss of $7.943 billion.
Strategy officially tweeted that the company still has sufficient assets to fully cover its debts even if Bitcoin’s price drops to $8,000. Michael Saylor, founder of Strategy, stated that the company plans to convert its convertible debt into equity over the next three to six years.
5. Wall Street Giants Including Morgan Stanley and BlackRock Significantly Increase Bitmine Stakes in Q4 link
Despite Bitmine (BMNR), the Ethereum treasury company, seeing its share price plummet approximately 48% in the fourth quarter of 2025, Wall Street giants including Morgan Stanley significantly increased their holdings. According to 13F filings submitted to the U.S. SEC, Morgan Stanley, the largest shareholder, raised its stake by about 26% to over 12.1 million shares (valued at $331 million), while ARK, the second-largest shareholder, increased its holdings by 27% to more than 9.4 million shares (valued at $256 million). Other major institutions also boosted their investment exposure: BlackRock (up 166%), Goldman Sachs (up 588%), Vanguard (up 66%), and Bank of America (up 1,668%). Bitmine is currently the world’s largest corporate holder of Ethereum, with a book value of 4.37 million ETH, worth approximately $8.69 billion.
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6. Ethereum Foundation Releases 2026 Protocol Priorities Update link
The Ethereum Foundation released an update to its 2026 protocol priorities, stating that in 2026, it will advance along three tracks: Scale (integrating L1 execution and blob scaling), Improve UX (focusing on native account abstraction and cross-chain interoperability), and Harden the L1 (strengthening security, censorship resistance, and network resilience). The update mentions continuing to push for raising the Gas Limit to 100 million and above, advancing ePBS and further increases to blob parameters, developing the zkEVM attester client, and conducting work related to censorship resistance and post-quantum security. The next major upgrade, Glamsterdam, is targeted for the first half of 2026, with Hegotá planned to follow later in the year.
7. RWA Scale on Ethereum Mainnet Surpasses $17 Billion, Up About 315% Year-On-Year link
The total value of tokenized real-world assets (RWA) on the Ethereum mainnet has surpassed $17 billion, representing a year-over-year increase of approximately 315% — a significant surge from around $4.1 billion one year ago. Ethereum currently accounts for roughly 34% of the total on-chain RWA value across all blockchains, maintaining its leading position.
On the institutional front, traditional financial giants including BlackRock and JPMorgan have continued to bring funds and yield-generating products on-chain. Among these, BlackRock’s tokenized U.S. Treasury fund BUIDL has emerged as a flagship product in the sector. Data also shows that the total market capitalization of stablecoins on the Ethereum mainnet has exceeded $175 billion, underscoring its core role as the settlement layer for tokenized U.S. dollars and RWAs.
8. Altcoin Selling Pressure Hits Five-Year High, With 13-Month Net Selling of $209 Billion link
Altcoin selling pressure has hit a five-year high. The cumulative buy-sell spread for altcoins (excluding BTC and ETH) has dropped to -$209 billion. In January 2025, this indicator was near zero, marking the last balance of supply and demand; since then, there has been 13 consecutive months of one-sided net selling.
Market structure shows retail capital has largely exited, capital rotation is complete, and there are no signs of concentrated institutional accumulation so far. Analysts note this is not a short-term correction, but sustained net spot selling pressure lasting more than a year, with clearly insufficient buying power.
9. Multiple DeFi Projects Shut Down in 2025, Citing Low Usage and Token Liquidity Crunch link
KOL Green But Red stated in a post that multiple DeFi projects ceased operations in 2025, including Linear Finance shutting down, zkLend being liquidated, Loopring DeFi products terminating services, as well as the closures of DELV, Kinto, and Minterest. These defunct DeFi projects were characterized by low usage, depleted token liquidity, hacking incidents, delistings, or collapse due to poor market conditions.
KOL Stacy Muur noted that many DeFi protocols with little to no revenue are still barely surviving. Projects with fees below $3,000 over the past 30 days include Ethervista, Wombat Exchange, Saros, Equalizer, Skate, SparkDEX, HoneySwap, and Moonwell.
10. Author of “Rich Dad Poor Dad”: Biggest Stock Market Crash in History Is Still Coming and Imminent link
Robert Kiyosaki, author of Rich Dad Poor Dad, stated in a post that he warned of the “biggest stock market crash in history” in his 2013 book Rich Dad’s Prophecy, and that this crash is now “imminent”. Kiyosaki said he holds physical gold, silver, Ethereum, and Bitcoin. He added that he will continue buying Bitcoin as its price falls, citing Bitcoin’s fixed supply of 21 million coins and near-full circulation, and viewing panic selling in the market as an opportunity to buy quality assets at a discount.
Fundraising
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Software startup Temporal announced the completion of a $300 million Series D financing round led by a16z. link
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Fintech company Newity announced the completion of a $11 million strategic financing round. link
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Hanwha Investment & Securities invested approximately $13 million in Kresus.link
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AB Xelerate announced a strategic investment in Ubyx Inc. link
Learn more, check out crypto-fundraising.info.
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