Crypto Fundamentals Hit Records in Q4 2025 as Prices Lagged

Crypto prices declined in 2025 even as usage hit record highs. Data from Bitwise, Arkham, and Messari show a stark disconnect between falling token prices and surging network activity across Ethereum, TRON, and Uniswap.
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Bank of Italy Chief Warns Banks Must Tokenize Money to Compete with Stablecoins

Bank of Italy Governor Fabio Panetta has warned commercial banks to tokenise deposits to stay competitive as dollar stablecoins expand. He has said Europe risks dependence on U.S. payment firms, while the ECB has kept plans for a digital euro by 2029 and DLT settlement in 2026, as EU talks continue.
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Bitcoin Advocate Urges Federal Reserve to Add BTC to Stress Tests

Pierre Rochard, CEO of The Bitcoin Bond Company, submitted a formal request to the Federal Reserve to include Bitcoin as an explicit variable in 2026 supervisory stress tests, arguing the asset’s extreme volatility and growing institutional adoption warrant separate treatment from other cryptocurrencies in banking risk assessments.
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