đȘ Setting the tempo
2025 is all about the memes

Itâs all about the memes as we enter 2025.
I mean, what other conclusions can one draw when fartcoin is up some 18% in the past day, per CoinGecko.
(Disclaimer: Iâm writing this Friday, so who knows how fartcoin will be doing as of Sunday â and thatâs the point.)
One imagines that memecoins, at least for the time being, will continue to drive the overall crypto market narrative.
Sure, maybe Trump and/or his administration will throw some energy into the mix from time to time. But the gears of politics are by nature slow and deliberate, whereas memecoins are ephemeral, lightning-quick â perfectly suited for the never-gonna-sleep mentality of the degens.
Perhaps others will emerge. As linked below, growth signs are unmistakable in the realm of decentralized infrastructure. Real-world asset porting, too, is drawing strength. And letâs not forget about the wave of ETFs likely to pile into the market in the coming months, should a more permissive regulatory environment take hold.
But the memecoins may well still set the tempo, for better or for worse, as 2025 plays out. Hereâs hoping the memes get funnier, at least.
And now, on to the roundup:
â Michael McSweeney

Byron dug into some recent DePIN data as 2024 drew to a close, positing that the sector is "one of cryptoâs best chances to stop eating its tail."

Got some free time as the new year unfolds? Felix Jauvinâs got a list of banger podcast episodes to throw on.

The EUâs very-long-in-the-making crypto rules framework, MiCA, is finally alive. What does it mean for crypto firms? The 0xResearch teamâs got the goods.

Who were Solanaâs biggest money makers of 2024, in terms of fees? Well, read Jackâs Thursday edition to find out!

Some of cryptoâs top execs rank among the worldâs biggest stock sellers, according to data collected by Empire.

recent research
Research
Bitcoin miners are entering a structural transformation as power replaces hashrate as the key driver of value. Following the latest halving and record network difficulty, margins have compressed sharply, accelerating a pivot towards high-performance computing (HPC). Miners controlling cheap, scalable, grid-connected megawatts are evolving into critical infrastructure providers. This shift is redefining valuations, from legacy EV/Hashrate multiples to EV/MW and HPC cash-flow potential. Leaders such as IREN, Core Scientific, TeraWulf, and Cipher are capitalizing through colocation and cloud contracts, positioning the sector at the intersection of AI infrastructure
by Sam Schubert
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