Market Update aims to provide readers with the latest market reports and key digital asset data.
Article author: Chang
Article source: ME
On December 26, according to SoSoValue data, most sectors in the crypto market declined. Among them, the NFT sector, which performed well yesterday, fell by 7.38% in the past 24 hours. Within the sector, Audiera (BEAT) continued to fall by 40.02% after a slight rebound, while Pudgy Penguins (PENGU) and Apecoin (APE) fell by 2.32% and 2.59% respectively.
In addition, the AI and SocialFi sectors remained relatively strong, rising 0.40% and 0.69% respectively in the last 24 hours. Within the AI sector, Bittensor (TAO) rose 1.05% and 0G (0G) rose 35.23%; within the SocialFi sector, Cheelee (CHEEL) surged 102.80%.
In other sectors, the DeFi sector fell 0.54%, with Maple Finance (SYRUP) showing relative strength, rising 9.24%; the PayFi sector fell 0.71%, with Bitcoin Cash (BCH) rising 4.95%; the CeFi sector fell 0.86%, with Canton Network (CC) falling 4.25%; the Layer 2 sector fell 0.93%, but Merlin Chain (MERL) rose 4.85%; the Layer 1 sector fell 1.46%, with Algorand (ALGO) rising 2.30% intraday; and the Meme sector fell 2.93%, but PIPPIN (PIPPIN) bucked the trend, rising 4.56%.
The crypto sector index, which reflects the historical performance of the sector, shows that ssiSocialFi rose 0.26%, while ssiMeme and ssiDeFi indices fell 3.23% and 0.74%, respectively.
BTC direction
According to CoinFoundry data, 189 listed companies currently hold a total of 1,123,788 Bitcoins, accounting for 5.65% of the total Bitcoin supply. Among them, Twenty One Capital (XXI) holds 43,514 BTC, and Bullish (BLSH) holds 24,300 BTC, accounting for 3.8% and 2.1% of the listed companies' holdings, respectively.
RWA direction
According to CoinFound data:
- Commodity market capitalization: $3.95 billion
- Market value of government bonds: US$1.21 billion
- Market capitalization of institutional funds: $2.96 billion
- Private lending market capitalization: US$28.6 billion
- Market value of US Treasury bonds: $8.99 billion
- Corporate bond market value: $260 million
X-Stock Market Cap: $620 million
Market Dynamics
- Top-grossing crypto narratives of 2025: RWA and Layer 1 lead the pack, AI and Meme see significant pullbacks, GameFi and DePIN lead the declines.
The Marshall Islands distributes National Basic Income (ENRA) through Stellar.
Moscow Exchange (MOEX) and St. Petersburg Exchange (SPB) have expressed their support for the comprehensive cryptocurrency regulatory plan proposed by the Central Bank of Russia (CBR) and stated that they will launch cryptocurrency trading after the regulations take effect.
Kyrgyz President Sadyr Japarov announced that KGST, a stablecoin pegged to the Kyrgyz som, has been officially listed on Binance, marking another key step forward in the country's national-level crypto infrastructure development.
Summarize:
- Trading volume declined due to the Christmas holidays, and BTC fluctuated between $86.4k and $89.1k. RWA is transitioning from pilot to practical application, and capital is shifting from speculation to asset-backed infrastructure, which is becoming the core narrative of the next cycle.
Stablecoin direction
According to CoinFound data:
- USDT market capitalization: $199.17 billion
- USDC market capitalization: $76.24 billion
- USDS market capitalization: $10.95 billion
- USDe market capitalization: $6.39 billion
- PYUSD Market Cap: $3.76 billion
- USD1 Market Cap: $2.98 billion
Market Dynamics
On December 26, 2025, Circle minted 60 million USDC on the Ethereum blockchain to improve on-chain liquidity and support DeFi and trading needs.
Binance launched a 20% yield program, added several new USD1 trading pairs, and converted BUSD collateral to USD1, resulting in a rapid increase in market capitalization.
USD1's market capitalization surpassed $3 billion, a 7.68% increase in 24 hours; WLFI's FDV of $13.4 billion made it the market capitalization leader in the stablecoin sector.
Binance lists the Kyrgyz Som stablecoin, as the country accelerates its national-level crypto strategy.
Trip.com, the overseas version of Ctrip, now supports users booking hotels and flights using USDT and USDC.
Summarize:
The stablecoin market remained stable overall, with no major new regulatory announcements during the holiday period. Stablecoin infrastructure is expected to be further improved in 2025, and stablecoin adoption is expected to accelerate further in 2026.
