Because none of that growth accrues to anything in crypto. All of the exchanges and custodians are being replaced. All of the L1s are being replaced. All of the stablecoins are being replaced. And none of this growth matters at all for BTC either.
DeFi is the only area that potentially benefits. And maybe wallets.

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Matt Hougan believes that the Crypto Winter began in January 2025, and spring is just around the corner.

Bitwise Chief Investment Officer: The Crypto Winter has already begun, but spring is just around the corner.

US President Donald Trump signed the budget bill that ended the partial government shutdown that began over the weekend. Thus, the first government shutdown of 2026 was resolved quickly.
Unlike last y...

BREAKING: Donald Trump Signs Bill Ending Government Shutdown in the US

Over the past 24 hours, the crypto market has evolved simultaneously on multiple levels. Mainstream topics focused on structural changes in stablecoins and trading infrastructure, as well as discussions surrounding the risks and governance of trading platforms and market-making mechanisms. In terms of ecosystem development, Solana broke on-chain activity records under high load, demonstrating signs of a resurgence in usability. Ethereum continued its technological exploration around cross-rollup composability. Perp DEX accelerated its evolution towards proxy and automated trading infrastructure, further intensifying competition within the sector.

I. Mainstream Topics
1. Documents show Epstein's involvement in Coi...

Epstein's early crypto investments have resurfaced, and Tether has launched a Bitcoin mining operating system. What are people talking about in the overseas crypto today?