NullWhisperer

【Crypto World】Many professional institutions within the industry are optimistic about the prospects of the cryptocurrency market in the next 18 months. Although Bitcoin's market share is gradually declining, its price is expected to break through the $150,000 mark by the end of 2026. In comparison, Ethereum and Solana may have greater growth potential.
More notably, traditional giants are entering the scene. Major tech companies are expected to launch or acquire their own crypto wallet products successively, and the top Fortune 100 companies are showing a clear increase in willingness to adopt blockchain technology. This indicates that the infrastructure for on-chain applications is accelerating its development.
The stablecoin market remains hot. It is expected that the supply of stablecoins will grow by approximately 60% in the future, but USDT's dominant position as a leading stablecoin may weaken, leading to a more dispersed market landscape.
Interesting changes have also emerged in the DeFi sector. The market share of equity-based perpetual contracts has exceeded 20%, and this sector is attracting increasing traffic.

【币界】有意思的数据来了——刚刚有人从钱包里砸出35,507枚ETH，折合美元得1亿多（准确说是104,392,413美元），直接转进了币安。这笔大动作肯定是有故事的。究竟是机构在调仓，还是某位鲸鱼在酝酿下一步操作？从未知钱包的角度看，转入币安通常意味着要么是要出手，要么就是中期调度。不管是哪种情况，这样的大额流动从来都值得关注。ETH这波让人有点坐不住。

【链文】链上监测数据显示，近日有价值42万美元的WCT代币从多家交易所大量提取，流向一个疑似属于Flowdesk的钱包地址。紧接着这笔资金又被转移进一个疑似项目团队的钱包。有趣的是，四个月前曾出现过类似的资金流向模式。截至目前，这些WCT代币仍然锁定在该团队钱包中，未有进一步的转账迹象。这类大额转账往往引发市场关注——究竟是机构囤积布局，还是团队筹备其他计划？对于关注WCT生态的交易者来说，持续监测这类链上动向能帮助更好地理解市场参与者的真实意图。

As of December 29, the total global Bitcoin holdings exceeded 40.3 million BTC, distributed across approximately 360 entities, with a total value of nearly $352.3 billion. This demonstrates a clear top-tier concentration and also reflects Bitcoin's position as the largest market cap in digital assets, which is significant for market participants assessing capital flows.

【Blockchain Rhythm】A long-term BTC holder has recently attracted market attention. According to on-chain data monitoring, this whale currently holds a total long position of $740 million across the three major cryptocurrencies: BTC, ETH, and SOL.
The unrealized loss continues to widen. Currently, the total loss has reached $54.5 million, and the funding fee expenditure is as high as $3.2842 million. However, when the market rose yesterday, the unrealized loss temporarily narrowed to $25 million, demonstrating the sensitivity of this position.
Regarding the specific position distribution: ETH has the largest position, with a long of $594.75 million, an opening average price of $3,147.39, and a current loss of $45.2 million; BTC holds $87.38 million, with an opening price of $91,506.7, and an unrealized loss of $4.13 million; SOL has a long position of $62.82 million, with an opening price of $130.19, and a current unrealized loss of $3.78 million.
This kind of whale's move of a single...

【Crypto World】Recently, the overall market performance has been lackluster, but a closer look reveals that some emerging tracks such as derivatives DEXs, prediction markets, and others still maintain high enthusiasm.
Let's start with derivatives DEXs. The growth of Hyperliquid has already proven that on-chain contract trading truly meets real user demand. This track is definitely not a winner-takes-all situation. Among the current players, Lighter has recently attracted a lot of attention. Although there have been some controversies recently due to issues like witch detection, airdrop rules, and token launch timing, from the perspectives of product experience, team composition, and backing investors, it still has clear competitiveness. Especially with its zero-fee model, combined with liquidity support for forex and commodities, it’s quite unique. The details of the token have not been disclosed yet. If the airdrop scale is indeed large, there might be some initial selling pressure, but in the long run, it should gradually stabilize.

In 2025, North Korean hackers stole over $2.17 billion in crypto assets, with nearly $1.5 billion coming from an exchange attack, setting a record. The hacker group Lazarus is becoming increasingly cunning, and security experts are calling for the global blockchain industry to strengthen defenses to prevent further attacks.

【BlockBeats】The logic of Bitcoin's absorption is undergoing a fundamental change.
Looking back at past bull markets, the upward trajectory was quite straightforward: geeks discover opportunities → programmers enter the market → retail investors follow suit → mainstream finance takes over. Behind each wave of gains, it’s essentially a process of cognition gradually spreading and faith continuously expanding.
But after 2024, the landscape has completely changed. ETF approvals and large institutional entries—these changes may seem simple, but in fact, they reshape the entire supply and demand ecosystem of BTC. Now, some Bitcoin is slowly settling, becoming a long-term asset that avoids short-term trading and swing trading. This process is similar to gold flowing into central bank systems—once the chips are locked in long-term, sellers willing to frequently sell on the market will become increasingly scarce.
When supply tightens to a certain extent, price increases no longer rely on new stories and beliefs. The driving force shifts from "telling new narratives and attracting newcomers" to "controlling"

Industry reports indicate that by 2026, the digital asset market will make significant progress in areas such as AI autonomous decision-making, asset tokenization, and stablecoin infrastructure. Hong Kong is actively promoting relevant compliance standards, and the global market liquidity is recovering, with funds concentrating on core assets. Meanwhile, regulatory and technological innovation have become new industry focal points, with market attention shifting from speculation to systems and sustainable development.

A whale wallet "0xA71d" recently deposited 1.81 million USDC into HyperLiquid and opened a long position of 500,000 LIT, indicating the large holder's view on the short-term trend of LIT. Such leverage operations show that whales are actively positioning, which is worth market attention.

In the past 8 hours, a key bullish player increased their HYPE position to 13,888.88 tokens, worth approximately $351,900, despite an unrealized loss of $8,021. He also holds 8,200 ETH, valued at nearly $24.12 million, with an unrealized loss of $246,200, demonstrating a firm market outlook. This reflects the influence of large funds on market sentiment.

[Crypto World] The Bitcoin mining market has been quite turbulent lately. An investment report recently downgraded the rating of a well-known mining company — although it still maintains a "Buy" stance, the target price was lowered from $24 to $20. The reason is straightforward: intense mining competition and sustained pressure on Bitcoin prices make life difficult for miners.
However, this company is a bit different. They recently shifted focus to the high-performance computing (HPC) sector, and this move has proven effective. The Q3 2025 financial report shows revenue of $50.6 million, a 6% quarter-over-quarter increase, with HPC leasing income reaching $7.2 million. Interestingly, although Bitcoin production decreased by 22% to only 377 coins, the adjusted EBITDA actually grew by 25%, reaching $18.1 million — indicating that the increased revenue has indeed offset the impact of the production decline.
In terms of financing, the company has secured over $4.2 billion in support, and

Lighter's founder introduced their anti-cheating measures, which use data science and clustering analysis to identify violating accounts and reallocate points. A dispute mechanism is also in place to handle false positives. The algorithm is not公开 to prevent cheating. The project's goal is to accumulate token value and avoid dual tokens or equity structures.