According to analyst Ali Charts, whales purchased 220,000 ETH in the past week, worth approximately $660 million.

According to Odaily Planet Daily, Synthetix and Infinex founder Kain Warwick stated in an article on the X platform that the valuation of Infinex's Sonar token sale on Echo has been lowered from the initial $300 million to $99.99 million to better adapt to the current market environment. He pointed out that the original FDV was considered too high by the market, and the adjustment will help improve the project's attractiveness and prepare for the subsequent TGE. Kain also stated that the early exit mechanism was originally designed as an incentive, but due to the high pricing feedback, the relevant exit price will be gradually reduced from $300 million at TGE to approximately $100 million, while the lock-up period will remain unchanged at one year. Due to the reduced FDV, the overall allocation of the Sonar sale has decreased, making it impossible to guarantee the original priority allocation arrangement for Patron NFT holders. Kain emphasized that this adjustment aims to attract more new participants, rather than just targeting existing holders. Infinex plans to open registration for the INX token sale on December 27 and officially launch the sale on January 3. The target valuation is $99.99 million, and it plans to sell 5% of the total supply, aiming to raise $5 million. The tokens will be locked for one year. After the sale ends, another 2% of the tokens will be sold through Uniswap at a valuation of approximately $100 million.

Odaily Planet Daily reports that QwQiao, co-founder of AllianceDAO, published an article on the X platform stating that some believe new payment channels such as stablecoins have the potential to replace card organizations like Visa and Mastercard, arguing that merchants bear approximately 3% of the transaction costs. However, this assessment overlooks the fee distribution structure. He points out that in a $100 transaction with approximately $3 in fees, about $1.80 returns to the consumer in the form of cashback or points, about $0.45 goes to the issuing bank, about $0.60 goes to the acquiring bank, and the card organization receives only about $0.15. QwQiao states that this structure creates a stable incentive relationship between consumers, banks, and card organizations within the same network, while the related costs are primarily borne by merchants with relatively weaker bargaining power. This is one of the key reasons why traditional card payment networks have maintained economies of scale for so long.

According to Huoxun Finance on December 25, OnchainLens monitoring revealed that a whale address recently deposited $2.6 million USDC and opened a short position in LIT with 1x leverage.

Huoxun Finance reported on December 25th that, according to Lookonchain monitoring, ShapeShift founder Erik Voorhees deposited another 1635 ETH (approximately $4.81 million) into THORChain for exchanging for BCH. Previously, it was reported that Erik Voorhees transferred 1635 ETH from his linked wallet through Thorchain.