Crypto's 2025: $1.4B Bybit theft, July 18 stablecoin law, $19B liquidations

2025 delivered a series of watershed crypto events on defined dates: a $1.4 billion Bybit theft on Feb. 24; macro-driven lows in early April; and the July 18 GENIUS Act for payment stablecoins. September ETP listing standards preceded October's brief move above $125,000 and more than $19 billion in liquidations.