Bitcoin treasury firms are experiencing valuation pressure as global crypto developments unfold. In Brazil, a presidential candidate has proposed establishing a national Bitcoin reserve, signaling potential shifts in the country's financial strategy. Meanwhile, over 40 countries have implemented the Common Reporting Standard for crypto tax reporting, aiming to enhance transparency and compliance. Ethereum has released data on its ecosystem for 2025, providing insights into its future growth and development. Major financial institutions like Coinbase and Morgan Stanley have outlined their crypto strategies for 2026, indicating continued institutional interest in the sector. Additionally, security losses in the crypto space reached $2.9 billion in 2025, highlighting ongoing challenges in safeguarding digital assets. Venture capital firms a16z and Dragonfly have also published their outlooks for 2026, offering perspectives on the evolving crypto landscape.