Report
Where to Build: A Data-Driven Guide to Blockchain Infrastructure for TradFi Tokenization
This blog is a preview of our forthcoming report, “The New Rails: How Digital Assets Are Reshaping the Foundations of…
$30 Billion and Counting: How Tokenized RWAs Are Becoming a Mainstream Investment for Institutional Capital
This blog is a preview of our forthcoming report, “The New Rails: How Digital Assets Are Reshaping the Foundations of…
The $100 Trillion Wealth Shift: Stablecoin Utility and the Future of Payments
This blog is a preview of our forthcoming report, “The New Rails: How Digital Assets Are Reshaping the Foundations of…
Crypto Crime in 2025 Was Primarily Driven by 694% Surge in State-Driven Sanctions Evasion Volume
TL;DR The value received by sanctioned entities surged 694% in 2025, driving total illicit transaction volume to a record $154…
Total Ransomware Payments Stagnate for Second Consecutive Year, While Attacks Escalate
TL;DR Ransomware payments stagnated despite record attacks claimed. Total on-chain ransomware payments fell by approximately 8% to $820 million in…
From Fentanyl to Fraud: On-Chain Activity Highlights Illicit Market Evolution
TL;DR Darknet market activity remains resilient, with aggregate DNM flows reaching nearly $2.6 billion in 2025, underscoring the persistence of…
Cryptocurrency Flows to Suspected Human Trafficking Services Surge 85% Year-over-Year
TL;DR Cryptocurrency flows to suspected human trafficking services, largely based in Southeast Asia, grew 85% in 2025, reaching a scale…
Record $17 Billion Estimated Stolen in Crypto Scams and Fraud in 2025 as Impersonation Tactics and AI Enablement Surge
TL;DR We estimate $17 billion was stolen in crypto scams and fraud in 2025 — as impersonation scams show massive…
Crypto Crime Reaches Record High in 2025 as Nation‑State Sanctions Evasion Moves On‑Chain at Scale
In 2025, we tracked a notable rise in nation-state activity in crypto, marking the latest phase in the maturation of…
North Korea Drives Record $2 Billion Crypto Theft Year, Pushing All-Time Total to $6.75 Billion
TL;DR North Korean hackers stole $2.02 billion in cryptocurrency in 2025, a 51% year-over-year increase, pushing their all-time total to…
MENA’s Divergent Crypto Paths: From Crisis to Innovation in 2025
This post is an excerpt from our 2025 Geography of Cryptocurrency Report. Download the full report now! Note on our…
European Crypto Adoption Highlights a Patchwork of Convergence and Transformation
This post is an excerpt from our 2025 Geography of Cryptocurrency Report. Download the full report now! Note on our…
Latin America Emerges as a Crypto Powerhouse Amid Volatile Growth
This post is an excerpt from our 2025 Geography of Cryptocurrency Report. Download the full report now! Latin America’s expanding…
APAC Crypto Adoption Accelerates with Distinct National Pathways
This post is an excerpt from our 2025 Geography of Cryptocurrency Report. Download the full report now! APAC’s leading crypto…
From ETFs to Treasuries: How The U.S. Is Shaping Digital Finance
This post is an excerpt from our 2025 Geography of Cryptocurrency Report. Download the full report now! Riding the waves:…