Reports. 

The Canton Network, a privacy-enabled, interoperable blockchain network designed for institutions, is one of those solutions. It has been likened to a “network of networks” for the largest financial firms in the world. As of November 2025, there were over 200 different firms actively engaged in the Canton ecosystem. These include asset managers like 21Shares and Fidelity, bulge bracket banks like Citi and even magic circle law firm Clifford Chance.

Latin America (LATAM) is rapidly emerging as a significant player in global crypto markets. Although the region’s market size still lags behind major hubs like the US and South Korea, its momentum is accelerating due to improved infrastructure, clearer regulations, and growing institutional participation.

Bybit’s liquidity rebounded within 30 days following one of the most severe shocks in crypto history. This report analyzes how key trading metrics evolved across Bitcoin and altcoins, highlighting improvements in market depth, spread stability, and trading volumes amid a broader risk-off environment.

South Korea remains a major crypto trading hub, with a predominantly retail-driven market concentrated on local exchanges. This report examines key trends and the market’s potential evolution toward institutional participation.

The last few months have been a reality check for markets as trade policy roils global markets. Bitcoin fell back below $80k during the quarter, with volatility back on the menu as the second Trump admin heads straight for a trade war with nearly every one of its major trade partners.

The past two years have challenged the traditional altseason playbook. Liquidity is increasingly concentrated in Bitcoin and a select few altcoins, regulations are evolving, and Bitcoin’s growing adoption as a treasury asset further complicates the landscape. Looking ahead, altseasons may become a thing of the past, necessitating a more nuanced categorization beyond just ‘altcoins,’ as correlations in returns, growth factors, and liquidity among crypto assets are diverging significantly over time.