Token | Trading Volume 【BTC】25.07 billion 【LGNS】36.56 million 【PI】6.08 million 【AT】187.35 million 【PAXG】253.02 million 【AIXBT】26.93 million 【FIL】97.87 million 【SHIB】78.91 million 【UNI】201.14 million 【TIA】30.31 million

According to Huoxun Finance on December 27th, OnchainLens monitoring shows that a whale that "sold 255 bitcoins" has closed out its short positions in BTC, AAVE, and SOL, making a profit of $1.13 million. To date, this whale has accumulated profits exceeding $5.08 million.

According to Odaily Planet Daily, JPMorgan Chase has frozen accounts belonging to at least two rapidly growing stablecoin startups operating in high-risk countries like Venezuela in recent months. The bank's move highlights the risks associated with cryptocurrency transactions, as banks must understand their business dealings and the source of funds. The bank has also frozen Blindpay's accounts. (The Information)

Huoxun Finance reported on December 27th that, in response to the EU's Digital Services Act's emphasis on "zero space" governance of tweets, Vitalik Buterin called for replacing "purification" control with user empowerment, incentive mechanisms, and transparency to maintain genuine freedom of speech and a pluralistic society. Vitalik argues that this "zero space" concept is a totalitarian and anti-pluralistic impulse because it attempts to completely eliminate subjectively controversial content (such as "hate speech" or "disinformation"), inevitably creating conflict and building a technocratic authoritarian mechanism for enforcement. Vitalik believes that free societies must accept that some people will sell "dangerous products" or spread "malicious opinions," but the goal should not be complete eradication, but rather preventing such content from dominating the discourse. Vitalik advocates for a "pirate-style" user empowerment approach: incentivizing rather than banning harmful content; promoting greater openness and transparency on social media platforms, etc.

According to an article by CryptoQuant analyst Darkfost, as reported by Odaily Planet Daily, Ethereum futures trading volume this year far exceeds previous years. Taking Binance as an example, Ethereum futures trading volume exceeded $6.74 trillion over the past year, almost double that of 2024, which already set a record. Therefore, it can be said that Ethereum is one of the most traded assets in the global derivatives market in 2025, highlighting the strong speculative demand. Over the past year, the spot-to-futures ratio was approximately 0.2, meaning that for every $1 invested in ETH on the Binance spot market, nearly $5 was invested in futures contracts. This ratio is characteristic of a highly leveraged market, reflecting the extreme speculation surrounding Ethereum in 2025. The record trading volume coupled with such an unbalanced ratio indicates that futures largely determine Ethereum's price movement. Consequently, Ethereum's price volatility this year has often been amplified, disorderly, and highly dependent on liquidations, ultimately resulting in it reaching an all-time high by a mere few dollars.