Gate's annual report has attracted nearly 150,000 participants since its launch on December 19. Users actively share their trading stories, enhancing brand loyalty. To give back to users, Gate will hold a lottery event from December 26 to January 2, where participating users have a chance to win 100 GT rewards.

In the past 7 days, Ethereum's net supply has increased by 18,614 tokens, with the supply exceeding the burn amount. The total supply has reached 121 million tokens, with an annual growth rate of 0.8%. This growth is mainly driven by block packing rewards, while on-chain transaction frequency and Gas consumption influence supply dynamics.

【Crypto World】Market monitoring data shows that in the most recent large-scale minting operation by USDC Treasury, 60 million USDC were newly issued, corresponding to a market value of approximately $60.01 million. This minting activity reflects the stablecoin issuer's ongoing response to market liquidity demands. As the DeFi ecosystem develops and trading demand increases, stablecoins serve as fundamental tools for on-chain trading pair settlements, and their supply fluctuations often indicate changes in market activity. Investors can better understand market liquidity patterns and institutional trends by monitoring similar data.

Believe and its founder Ben Pasternak are facing a lawsuit from the U.S. law firm Burwick Law. The token's market value has plummeted from $120 million to $10.15 million, with severe liquidity shortages. The project’s rebranding and economic model adjustments have triggered selling pressure, leading to a collapse in user confidence.

【Crypto World】As Christmas holidays approach, on-chain whale activities are becoming more cautious. According to monitoring data of popular addresses, most top addresses held their positions basically unchanged on December 25, but the account unrealized losses drew attention.
BTC OG insider whales remain the focus of market attention. This address had a round of profit-taking on the 18th and has not moved since. Currently, the total unrealized loss of the account is about $48.2 million. Its main holdings are ETH long positions, approximately $603 million in size, with an average price of $3,147, but an unrealized loss of $41.21 million, a loss of 34%. In addition to ETH, it also holds long positions in BTC and SOL, with a total position size of about $723 million. Interestingly, this address is now ranked first in ETH longs on the Hyperliquid platform — perhaps reflecting the market's anticipation of the next move by such large holders.
CZ counterparty

A large Bitcoin transfer has been completed, with an unknown wallet sending out 1,200 BTC to a new address, involving approximately $105 million. This has attracted market attention, suggesting it may be an institutional adjustment or wallet reorganization, and further developments should be closely monitored.

【币界】行情跳水，狗狗币也没逃过。24小时里未平仓合约缩水4.03%，从15.1亿美元直接跳水，币价本身也跟着松动，跌幅1.22%至0.127美元。
不过有意思的是，狗狗币前阵子是涨起来的，现在在0.126到0.135美元这个区间来回摆，看起来是在为下一步动作蓄势。这个位置既不算低，也没冲太高，属于修整阶段。市场这波调整虽然猛烈，但也给了不少人重新审视狗狗币走势的机会。

The Hong Kong Securities and Futures Commission has listed "Sheng" Sauce Aroma Original Liquor and related RWA tokens as suspicious investment products, warning investors to be cautious of investments claiming to be backed by physical assets. It emphasizes the importance of paying attention to operational and asset security details to prevent risks caused by blindly following trends.

A major mainstream exchange announced the 2025 Reserve Transparency Report, highlighting 38 consecutive months of reserve proof releases, with a core asset reserve rate of 100%. USDT holdings increased by 150%, and market share rose by 2.06%, ranking first. The platform has expanded asset transparency, including more verifiable assets, demonstrating a commitment to user trust.

【比推】数据监测显示，12月24日15:22，一笔4,611.46万USDT的大额资金从未知钱包流入某头部交易所。这样的资金异动往往预示着市场参与者在调整头寸。年末行情波动加剧的背景下，大鱼们的动向值得关注——究竟是抄底布局还是减仓回避，链上数据会说话。

[Coin World] NIGHT's recent performance is indeed contradictory. The pressure on derivation is evident—open contracts have shrunk by 12%, with a net outflow of $12.7 million. However, looking at the spot market, buyer enthusiasm has not diminished at all: the trading volume surged to $301 million in 5 days, and this momentum is real.
The market data looks a bit frightening. The 24-hour trading volume has halved by 50% to $3.97 billion, and the market cap has shrunk from $1.94 billion to $1.52 billion. If we say that no one is optimistic, the result is that the number of investors has instead risen to 6,500 people - this is an interesting signal. More importantly, the liquidation heatmap has not shown a dense breakout, indicating that although short positions have been reduced, there has not been a cascade effect.
From this perspective, the recent decline may really just be a technical adjustment, and the bottom risk is not significant.

[Coin World] Bitcoin continues its volatile trend today, currently priced at $86977.43, down 1.35% in the last 24 hours, with relatively active market trading. After a pullback from yesterday's high, BTC has been repeatedly testing the range of 86000-88000 recently, with trading volume maintaining at $45.049 billion. In the short term, Bitcoin faces some selling pressure, but the positioning attitude of mainstream institutions remains unchanged, and the market is still looking for a new equilibrium.

easy.fun recently completed a $2 million seed round of funding, led by Mirana Ventures. The project builds an on-chain trading arena on Hyperliquid, turning trading into a skill competition through competitive elements, aiming to accelerate product development, expand the team, and launch global events to attract more traders to participate.

The S&P 500 Index has performed well these past few days, rising for four consecutive days, mainly driven by technology stocks. However, interestingly, the year-end data seems a bit different—showing both highlights and concerns. This mixed trend is something that friends who follow global asset allocation should pay more attention to. The strong performance of technology stocks has always been a barometer for the market, especially for those in the Chain Community who are concerned about macroeconomic trends; this kind of signal is still worth pondering.

[Coin World] An interesting thing has happened. FalconX has just transferred 31,745 ETH to an unknown Wallet, and this transaction is worth approximately 93.66 million USD.
This transfer is quite significant. For friends who pay attention to on-chain dynamics, such large liquidity often implies something—either reconfiguring assets or preparing for the next operation. Currently, the transfer is to an unknown Wallet, so the specific intention is still not very clear.
Recently, the price of ETH has been fluctuating around the $9300 level, and the movements of institutional players are always worth pondering. Some say this is a selling signal, while others think it might just be capital consolidation. Anyway, there are always stories on the chain.