Crypto market update: billionaire losses, dex volumes, and regional outlook

Crypto industry leaders saw their net worths shrink by billions in 2025, per the Bloomberg Billionaires Index. Decentralized perpetuals exchanges closed the year with $12.09 trillion in cumulative trading volume. Binance founder Changpeng Zhao noted Pakistan could become a key crypto hub by 2030. Crypto billionaires are among biggest losers of 2025: Report Strategy executive chairman Michael Saylor and other prominent cryptocurrency executives lost billions of dollars in 2025. The losses were partly due to the October flash crash. According to the Bloomberg Billionaires Index released on Wednesday, Saylor lost $2.6 billion over the previous 12 months. His net worth is now $3.8 billion. Gemini co-founders Cameron and Tyler Winklevoss and former Binance CEO Changpeng “CZ” Zhao also saw significant losses. The drop follows the massive slide in the crypto market this October.