As 2025 draws to a close, the cryptocurrency sector reflects on a year marked by significant volatility. Key events include the meteoric rise and subsequent collapse of memecoins, which captivated retail investors but ultimately led to widespread losses. Additionally, the digital asset treasury stress test exposed vulnerabilities in corporate crypto holdings, prompting a reevaluation of risk management strategies. A pivotal moment came with a $19 billion liquidation event that dramatically reshaped market structures. This massive sell-off underscored the fragility of leveraged positions and led to increased regulatory scrutiny. These developments have collectively defined a transformative year for the crypto industry, setting the stage for future regulatory and market adjustments.