According to David Duong, Head of Investment Research at Coinbase, ETFs, stablecoins, tokenization, and clearer regulation will create a synergistic effect in 2026, further accelerating the mainstream adoption of cryptocurrencies. He pointed out that in 2025, spot ETFs opened the door to compliance, corporate crypto asset vaults emerged, and stablecoins and tokenization became more deeply integrated into core financial processes. By 2026, accelerated ETF approvals, the expanding role of stablecoins in DvP (delivery versus payment), and wider acceptance of tokenized collateral will reinforce each other. On the regulatory front, the US passed the GENIUS Act, clarifying stablecoins and market structure, while Europe is advancing the MiCA regulatory framework, providing clearer policy boundaries for institutional entry. Duong believes this marks a significant stage in crypto's transition from a niche market to global financial infrastructure. Furthermore, he emphasized that crypto demand is no longer driven by a single narrative but by macroeconomics, technology, and geopolitics, and capital structures will become more long-term and less purely speculative. (Cointelegraph)

According to CryptoSlate, Ethereum's network performed strongly in 2025, processing record transaction volumes and dominating the DeFi market (mainnet TVL accounting for 64%). However, the price of ETH fell 10% throughout the year to below $3,000, decoupling from network activity. This was due to Ethereum proactively reducing transaction fees through technical upgrades to promote the growth of the L2 network and the expansion of the entire ecosystem, resulting in a significant drop in mainnet revenue. Total L2 revenue decreased by 53% to $129 million in 2025, but fees paid to the mainnet plummeted to only $10 million, allowing L2 operators to retain approximately $119 million in profit. This means that the Ethereum mainnet "sacrificed" over $100 million in potential revenue (a decrease of approximately $103 million compared to 2024) to subsidize ecosystem growth.

According to Odaily Planet Daily, based on monitoring by on-chain analyst Ai Yi, an address (0xEa6...061EE) deposited 8 million USDC into Hyperliquid as margin within the past 5 hours. Subsequently, this address opened long positions in IP, XPL, STBL, MON, PUMP, GRIFFAIN, VVV, AIXBT, HEMI, MAVIA, and STABLE, with each position ranging in value from $600,000 to $2 million, for a total position value of $13.76 million. Currently, the address is showing a floating loss of $12,000.

According to Odaily Planet Daily, based on monitoring by on-chain analyst Ai Yi, an address (0xEa6...061EE) deposited 8 million USDC into Hyperliquid as margin within the past 5 hours. Subsequently, this address opened long positions in IP, XPL, STBL, MON, PUMP, GRIFFAIN, VVV, AIXBT, HEMI, MAVIA, and STABLE, with each position ranging in value from $600,000 to $2 million, for a total position value of $13.76 million. Currently, the address is showing a floating loss of $12,000.

According to Odaily Planet Daily, based on monitoring by on-chain analyst Ai Yi, an address (0xEa6...061EE) deposited 8 million USDC into Hyperliquid as margin within the past 5 hours. Subsequently, this address opened long positions in IP, XPL, STBL, MON, PUMP, GRIFFAIN, VVV, AIXBT, HEMI, MAVIA, and STABLE, with each position ranging in value from $600,000 to $2 million, for a total position value of $13.76 million. Currently, the address is showing a floating loss of $12,000.