Chainalysis says global crypto taxable activity topped $457 billion in 2025

Crypto Insight Summary: Chainalysis estimates at least $457 billion in onchain taxable crypto activity in 2025, with CARF covering only 14%. Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Taxable activity data is forward-looking and doesn't directly affect current market conditions.