Crypto Themes 2025
Crypto / Web 3.0Crypto / Web 3.02025Updated April 20, 2026
We’re pleased to share our latest perspectives on the crypto sector. The first half of 2025 has marked a shift—from volatility and regulatory friction to clearer frameworks, institutional inflows, and use cases with staying power. Capital is returning with greater discipline, and the industry is maturing under pressure. We're seeing it firsthand in boardrooms, cap tables, and deal negotiations.