In 2025, the cryptocurrency market will witness several major developments. Bitcoin prices continue to rise, breaking through the 100,000 USD mark, with the total market capitalization surging by approximately 1.2 trillion USD. Several well-known encryption companies such as Circle and Kraken plan to go public, which will enhance the legitimacy of the industry. The stablecoin market is rapidly growing, with its market capitalization exceeding 200 billion USD. Ethereum continues to undergo expansion and optimization, with Layer 2 solutions significantly improving network performance. Meanwhile, hacker attacks are frequent, such as Bybit suffering the largest hack in history, leading to market panic. Global regulation is gradually strengthening, with new laws being enacted in places like South Korea and Hong Kong to protect user assets.