Crypto's Big Winners and Losers of 2025

In the ever-changing world of crypto, 2025 brought some clear winners and losers. Experts have been talking about who came out on top and who didn't.

Big Names & Stablecoins

Big Names Like Robinhood

• Took a careful approach at first.
• Jumped in once things became clearer.
• This move paid off.

Other Big Players

• Did well because they were ready for changes.

Stablecoins

• Simple but very useful.
• Realized they are not just about making money.
• Help users in real ways.
• Became a hot topic in 2025.

Prediction Markets

• Platforms like Kalshi and Polymarket grew a lot.
• Big investments, like the $2 billion from Intercontinental Exchange, showed belief in their future.

Biggest Losers

Do Kwon

• Co-founder of Terraform Labs.
• Sentenced to 15 years in prison for his role in the Terra collapse.
• Erased $40 billion from the crypto market in 2022.

U.S. Securities and Exchange Commission (SEC)

• Had a tough year.
• Experts say their aggressive approach didn't help much.
• Drove many founders away.
• Things started to change in 2025.
• New laws, like the GENIUS Act, showed a shift in the government's approach.