Welcome to the post-hype crypto market | TechCrunch

TechCrunch

by Theresa Loconsolo

February 25, 2026

AI-Generated Deep Dive Summary

The crypto market is entering a new phase, moving beyond the hype cycle and focusing on long-term sustainability. In recent discussions, such as those at ETHDenver and in TechCrunch’s Equity podcast, experts like Jacquelyn Melinek of Token Relations emphasize that the industry is shifting toward practicality and regulatory clarity. The buzz around tokens has faded, replaced by a heightened awareness of policy changes, market scrutiny, and the impact of major players re-entering the space. One key factor shaping this new landscape is the increased regulatory focus on stablecoins like Tether, which have faced significant scrutiny. Additionally, companies such as Stripe are revisiting their crypto-related offerings, signaling a potential shift in how traditional businesses engage with blockchain technology. These developments highlight the growing importance of compliance and trust in the crypto ecosystem. Startups are also navigating this evolving environment, either finding success by adapting to new regulations or facing challenges that lead to failure. The market is now more discerning, prioritizing projects with clear use cases and strong foundational principles over speculative hype. This shift underscores the need for innovation that aligns with both technological potential and regulatory demands. For tech enthusiasts and investors, understanding this post-hype phase is crucial. It marks a turning point where crypto’s long-term viability is being tested, and only those who can navigate the complexities of policy, market dynamics, and user trust

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Originally published on TechCrunch on 2/25/2026