{"id":347350,"date":"2025-12-16T21:10:04","date_gmt":"2025-12-16T21:10:04","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/recapping-cryptos-most-consequential-year\/"},"modified":"2025-12-16T21:10:04","modified_gmt":"2025-12-16T21:10:04","slug":"recapping-cryptos-most-consequential-year","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=347350","title":{"rendered":"Recapping Crypto\u2019s Most Consequential Year"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>When we look back in a not-so-distant future, I believe we\u2019ll remember 2025 as one of the most consequential years in the history of crypto. The sheer number and magnitude of de-risking events this year have been truly unprecedented. From the passage of the historic GENIUS Act\u2014arguably the most important piece of financial legislation since Dodd-Frank\u2014to the definitive end of Chokepoint 2.0, to the announcement of Project Crypto and the SEC\u2019s bold plan to rebuild America\u2019s capital markets on blockchain rails, this year has marked a decisive turning point.<\/p>\n<p>But the story of 2025 extends well beyond policy. We\u2019ve witnessed major breakthroughs in market microstructure with propAMMs and conditional liquidity, public-market innovation (including the rise of digital asset treasury companyies, or DATs), prediction markets (both on- and off-chain), payments, stablecoins, synthetic dollars, DePIN, and more. Together, these advances signal that the crypto industry is moving into a new phase of expansion, coordinated growth, and legitimacy.<\/p>\n<p>We explored each of these themes in depth at our eighth annual Multicoin Summit, which wrapped late last month. As is our tradition, we brought together an incredible lineup of guest speakers, portfolio founders, and industry leaders to share their perspectives on where markets and innovation are headed next.<\/p>\n<p>We also unveiled several new Multicoin theses. Our team spends hundreds of hours refining these ideas\u2014distilling months of research into concise, 15-minute presentations that articulate where we see the world going next.<\/p>\n<p>Spencer argued that we\u2019ve only seen the tip of the iceberg in fintech innovation, and explained why the best is still to come. Shayon introduced the concept of Internet Labor Markets, a powerful new framework that challenges the mainstream \u201cAI-replaces-jobs\u201d narrative head-on. And Vishal examined emerging opportunities in order-flow monetization, and why it will reshape the business models of internet applications.<\/p>\n<p>While the Summit is designed first and foremost for our investors, we always aim to make our thinking accessible to all builders, investors, and stakeholders across the crypto ecosystem. We\u2019re pleased to share that talks from the 2025 Multicoin Summit are now live on our YouTube channel. Links below. We hope you\u2019ll watch, learn, and continue building alongside us as crypto enters its most exciting chapter yet.<\/p>\n<h2 id=\"the-road-ahead-for-internet-capital-markets\">The Road Ahead For Internet Capital Markets<\/h2>\n<p><strong>Kyle Samani, Managing Partner, Multicoin Capital<\/strong><\/p>\n<h2 id=\"2025-and-the-future-of-us-crypto-policy\">2025 and the Future of U.S. Crypto Policy<\/h2>\n<p><strong>Greg Xethalis, Partner and General Counsel, Multicoin Capital<\/strong><\/p>\n<h2 id=\"the-rise-of-american-crypto\">The Rise of American Crypto<\/h2>\n<p><strong>Bo Hines, CEO, USAT<\/strong><\/p>\n<h2 id=\"prediction-markets-rule-everything-around-me\">Prediction Markets Rule Everything Around Me<\/h2>\n<p><strong>Tarek Mansour, Co-Founder &amp; CEO, Kalshi<\/strong><\/p>\n<h2 id=\"kalshi-as-a-platform\">Kalshi-as-a-Platform<\/h2>\n<p><strong>John Wang, Head of Crypto, Kalshi<\/strong><\/p>\n<h2 id=\"user-generated-assets-and-order-flow-the-internets-new-business-model\">User Generated Assets and Order Flow: The Internet\u2019s New Business Model<\/h2>\n<p><strong>Vishal Kankani, Principal, Multicoin Capital<\/strong><\/p>\n<h2 id=\"the-opportunity-for-specialized-stablecoin-fintechs\">The Opportunity for Specialized Stablecoin Fintechs<\/h2>\n<p><strong>Spencer Applebaum, Investment Partner, Multicoin Capital<\/strong><\/p>\n<h2 id=\"the-evolution-of-market-microstructure\">The Evolution of Market Microstructure<\/h2>\n<p><strong>Nitesh Nash, CEO, DFlow<\/strong><\/p>\n<h2 id=\"internet-labor-markets\">Internet Labor Markets<\/h2>\n<p><strong>Shayon Sengupta, Investment Partner, Multicoin Capital<\/strong><\/p>\n<h2 id=\"the-physical-ai-revolution\">The Physical AI Revolution<\/h2>\n<p><strong>Mike Horton, Founder, GEODNET<\/strong><\/p>\n<h2 id=\"reinventing-banking-with-stablecoins\">Reinventing Banking With Stablecoins<\/h2>\n<p><strong>Garrett Harper, Head of Business Development, Squads<\/strong><\/p>\n<h2 id=\"making-payments-fun\">Making Payments Fun<\/h2>\n<p><strong>Alex Fine, CEO, Fun.xyz<\/strong><\/p>\n<h2 id=\"sports-betting-in-real-time\">Sports Betting in Real Time<\/h2>\n<p><strong>Jason Krupat, Co-Founder &amp; CEO, Cheddr<\/strong><\/p>\n<h2 id=\"stablecoins-or-synthetic-dollars\">Stablecoins or Synthetic Dollars?<\/h2>\n<p><strong>Guy Young, CEO &amp; Founder, Ethena Labs<\/strong><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>When we look back in a not-so-distant future, I believe we\u2019ll remember 2025 as one of the most consequential years in the history of crypto. The sheer number and magnitude of de-risking events this year have been truly unprecedented. From the passage of the historic GENIUS Act\u2014arguably the most important piece of financial legislation since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":313425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12017],"tags":[169556,14598,43186,629],"dealstore":[],"offerexpiration":[],"class_list":["post-347350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-writing","tag-consequential","tag-cryptos","tag-recapping","tag-year"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Recapping Crypto\u2019s Most Consequential Year - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=347350\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Recapping Crypto\u2019s Most Consequential Year - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"When we look back in a not-so-distant future, I believe we\u2019ll remember 2025 as one of the most consequential years in the history of crypto. The sheer number and magnitude of de-risking events this year have been truly unprecedented. 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