Bitcoin has had a landmark year, with 11 exchange-traded funds (ETFs) approved in January, drawing over $113.5 billion by year's end. This surge pushed Bitcoin's price to a record $100,000 in December, driven by institutional investors. MicroStrategy continues to lead in Bitcoin adoption, seeking shareholder approval to expand its BTC purchases through 2025.

Meanwhile, Crypto.com launched a US institutional custody service, and Russia imposed a six-year crypto mining ban in 10 regions. In the US, the IRS reaffirmed that crypto staking rewards are taxable upon receipt, setting a potential precedent for future taxation.