Weekly Recap | New Crypto Tax Rules Take Effect Globally, Solana Spot Volume Surpasses $1.6 Trillion
2026.01.05
Weekly Overview (Dec 29, 2025 – Jan 4, 2026)
2026 may mark a critical turning point for the crypto market. Amid shifting macro narratives and industry-specific catalysts, the market may struggle to establish a sustained one-directional trend in the near term. On the regulatory front, developments in taxation, exchange compliance, and stablecoin policy are increasingly becoming key variables shaping regional market dynamics.
Last week, total crypto market capitalization rebounded, accompanied by a modest recovery in liquidity. With no major macroeconomic data releases, market behavior largely followed prior trends. As economic data gradually returns, a new wave of volatility may emerge in the coming week. It is worth noting that the current recovery remains structural and partial, warranting continued caution toward downside risks.
This report provides a concise review of the past week’s key developments across the crypto industry and highlights the major trends to watch in the week ahead.
Market Pulse
- Ethereum treasury firm Quantum Solutions disclosed ETH holdings of approximately 5,418 tokens
- Solana recorded $1.6 trillion in on-chain spot trading volume in 2025, surpassing most centralized exchanges
- Glassnode noted that current market structure reflects characteristics typical of a long-term bear market
- Crypto phishing losses fell 83% year-over-year in 2025 to $83.85 million
- Global ETF net inflows hit a record $1.48 trillion in 2025
- Tether’s Bitcoin reserves reached 96,185 BTC, making it the fifth-largest BTC holder globally
Funding & M&A
A total of four funding deals were completed last week, raising over $42 million, primarily across DeFi and AI sectors:
- RWA fixed-income marketplace Haven completed a seed round at a $30 million valuation
- AI-Web3 hybrid platform AIAV raised $4 million
- Crypto rewards platform SocialGood Inc. closed a $5.63 million Series B round
- MMA raised $3 million in a private round to build a Web3 platform
Policy & Compliance
- U.S. lawmakers proposed legislation to prohibit officials from engaging in “insider trading” via prediction markets
- Iran has begun accepting cryptocurrency payments for military equipment
- Turkmenistan’s crypto asset regulation law came into effect, legalizing mining and trading
- Grayscale submitted a preliminary application to the U.S. SEC for a Bittensor Trust ETF
- Over 40 countries, including the UK, implemented new crypto tax regulations starting January 1
Echobit Highlights
- RLS/USDT spot trading pair officially launched with a 10,000 USDT reward pool
- ZKPUSDT futures trading campaign went live, offering 20,000 USDT in double rewards
- Echobit’s 10 BTC Year-End Carnival kicked off with major incentives for traders
Week Ahead (Jan 5 – Jan 11)
- President Trump may nominate a new Federal Reserve Chair in early January
- Warren Buffett officially steps down, with Greg Abel set to become Berkshire Hathaway CEO
- U.S. initial jobless claims data for the week ending Jan 3 to be released
- U.S. December nonfarm payrolls report scheduled
- Major token unlocks expected for HYPE, SUI, EIGEN, and others
Echobit will continue to track global crypto developments, focusing on market movements, regulatory shifts, and investment opportunities—helping you navigate market cycles with clarity and confidence.