Crypto legislation is now in place across major economies, and coming soon in the US, but tax and privacy questions remain unresolved. Digital asset regulation finally shifted into gear in 2025 as the US moved toward a more crypto-friendly legal framework and the EU began fully enforcing the Markets in Crypto-Assets Regulation (MiCA) framework across Europe. But crypto lawyers enter 2026 facing unresolved questions around prediction markets and super apps, tax, privacy and digital market structure. To understand how crypto law evolved in 2025 and preview what lies ahead, Magazine spoke with legal experts Catherine Smirnova and Yuriy Brisov of Digital & Analogue Partners in Europe, Joshua Chu of the Hong Kong Web3 Association and Charlyn Ho of Rikka in the US. Read more
XRP scored every major win in 2025 with the SEC case resolved and spot ETFs launched, yet the price crashed 50%, with the $5 target remaining elusive. In 2025, the XRP community celebrated the long-awaited resolution of the SEC lawsuit, the launch of multiple US-based spot ETFs, and a surge in Ripple partnerships. Yet, the coveted $5 price target remained elusive, with XRP (XRP) price peaking at $3.66 before falling as much as 50% to a low of $1.58 in October. Key takeaways: Some of the most bullish events for XRP occurred in 2025, yet it fell by over 50%, underperforming the market. Read more
Base’s push into creator coins is facing mounting criticism from traders and builders after Nick Shirley’s token on Zora spiked to about a $9 million valuation and then promptly slumped. Coinbase and its Ethereum layer-2 Base are drawing pushback from traders and builders who argue that its creator token experiment failed to turn a viral social media moment into sustained onchain activity. The backlash came after YouTuber Nick Shirley launched a token on creator platform Zora. Shirley’s token briefly rode his online fame to about a $9 million fully diluted value before sliding to $3 million. Most of the volume came from existing traders rather than new users. In a widely shared critique, trader and content creator notthreadguy argued that if Shirley couldn’t make the model work, nobody could. Read more
Crypto privacy is approaching an inflection point as relevant lawsuits near their conclusions and developers pivot toward designs that ensure privacy while appeasing regulators. Crypto privacy entered the spotlight in 2025 as new technology clashed with regulators, a trend that is set to intensify in 2026 with developers pushing the envelope and legal battles approaching a conclusion. In its early days, Bitcoin (BTC) was often viewed as an anonymous payment tool despite its transparency. Since then, the introduction of onchain analytics and surveillance has made it increasingly apparent that transparent blockchains are far from private. This led to an arms race between pro-privacy developers, onchain surveillance organizations and regulators, culminating in high-profile legal cases. The developers of the decentralized Ether (ETH) mixer Tornado Cash are fighting over whether software development constitutes a financial service, and those behind the Bitcoin non-custodial mixer Samourai Wallet were recently sent...