According to a report recapping the year 2025, the crypto industry experienced a series of notable events. The report highlights what it describes as some of the most baffling and surreal moments in the history of crypto. The analysis characterizes these moments as "degenerate", suggesting a year marked by unexpected and unconventional developments within the cryptocurrency space. The report provides a look back at the events that shaped the year.

According to a report recapping the year 2025, the crypto industry experienced a series of notable events. The report highlights what it describes as some of the most baffling and surreal moments in the history of crypto. The analysis characterizes these moments as "degenerate", suggesting a year marked by unexpected and unconventional developments within the cryptocurrency space. The report provides a look back at the events that shaped the year.