In an interview, Animoca Brands co-founder Yat Siu said that the crypto industry is at a turning point similar to the one he observed in the 1990s when the Internet first transformed business. The first part of cryptocurrency mass adoption in 2025 will be stablecoin adoption, with the next step being the broader expansion of memecoin into the entire blockchain ecosystem. I expect memecoins to launch their own L1 or L2. they are no longer just tokens, they are building communities and ecosystems, memecoins are essentially cultural symbols,” said Yat Siu. They are attracting attention and building narratives that resonate with people beyond financial speculation.”

The three major U.S. stock indices were mixed, with the Nasdaq up 1.24%, the SP 500 up 0.55% and the Dow down 0.06%. Cryptocurrency concept stocks surged higher, MicroStrategy rose more than 11%.