2024 witnessed a boom in the virtual asset industry, fueled by favorable policy changes and macroeconomic trends. Institutional investment surged, spot ETF approvals came through, and global political support strengthened, leading to a surge in crypto prices and capital inflow. This positive momentum, combined with strong 2024 performance, positions the virtual asset market for wider mainstream adoption in 2025.

This report provides an overview of the major developments in the virtual assets sector in 2024 and shares insights on potential developments in the coming year.