In 2025, trader Didi and Memento Research each examined how airdropped tokens perform after launch, finding that most now trade well below their token generation event prices. Their data shows individual airdrops have frequently dropped over 90%, while 84.7% of 118 new launches this year sit under initial valuations and many suffer drawdowns of 50%–70% or more. Commentators argue that high fully diluted valuations, complex eligibility rules, and Sybil attacks are eroding both token performance and wider enthusiasm for airdrops.

On December 24, 2025, Binance opened subscriptions for a USD1 product offering a 20% annualized yield, with deposits capped at 50,000 USD1 and the window running until January 23, 2026. Shortly after, USD1 supply rose by over 45M tokens to 2.79B. Trading activity climbed, including more than $150M in buy volume on Binance and $1.39B in daily turnover.

On December 23, spot XRP ETFs posted $8.19 million in net inflows, according to SoSoValue, extending a streak that has reached $1.13 billion. In contrast, BTC and ETH funds recorded net outflows, while SOL products have stayed positive since December 3, amassing $754 million as of Tuesday’s close.

On December 16, 2025, China Properties Investment Holdings Limited announced plans to deploy its own funds to acquire BNB and other digital assets as strategic reserve assets through the Hong Kong Stock Exchange. The company stated that the move complies with regulatory requirements, will not change its daily real estate operations, and reflects the board's optimism about BNB's ecosystem and long-term potential. As of December 24, 2025, BNB was valued at $836.49 with a market cap of $115.21 billion and had fallen 25.05% over the prior 60 days.

On December 24, 2025, Bitcoin underperformed other major assets as on-chain activity and buying participation continued to cool. BlackRock's constructive long-term stance coexists with investor concerns that measured institutional flows and thinning active addresses are restraining breakouts despite strength in equities and precious metals.

Spain plans to apply the EU's DAC8 directive from January 1, 2026, requiring crypto exchanges and service providers to report user transactions and balances. The country also aims to complete implementation of the Markets in Crypto-Assets (MiCA) framework by July 2026, bringing standardized rules for token issuance, marketing, and stablecoins. These changes will tighten tax oversight and align Spain with broader European crypto regulation.

Shiba Inu is currently trading around levels that previously marked a major cycle low, after shedding roughly half its value from recent local highs. The token shows weak momentum, low volatility and compressed price action, conditions that once preceded a rapid rally of about 400% in February 2024, but any similar move now would still depend on broader market liquidity and renewed risk appetite.

On December 24, 2025, the Central Bank of Russia published a draft framework for cryptocurrency investing that distinguishes between qualified and unqualified participants. It introduces testing, permits unqualified investors to buy up to 300,000 rubles annually, and leaves qualified investors largely unrestricted except for anonymous currencies. The plan envisions routing crypto transactions through licensed institutions by July 2026, with further legislative steps expected through 2027.