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HTX data showed that BTC fell below 88000  USDT and is now at 87991.57 USDT, with a increase of 0.04% in 24H.

[BTC fell below 88000  USDT] HTX data showed that BTC fell below 88000  USDT and is now at 87991.57 USDT, with a increase of 0.04% in 24H.

BTC fell below 88000  USDT

&nbsp;Franklin Templeton officially updated the XRP spot ETF holdings data. As of December 31, 2025, its XRP holdings have reached 118,387,154.16 tokens, with a market value of 215,197,065.61 USD. The current number of outstanding shares is 10,700,000. Historical data shows that the market value of Franklin XRP ETF holdings exceeded 100 million USD on December 1, indicating a monthly growth rate of approximately 100.9% for this indicator.

[The market value of Franklin Templeton XRP spot ETF holdings has surpassed $200 million, with a monthly increase of over 100%.]&nbsp;Franklin Templeton officially updated the XRP spot ETF holdings data. As of December 31, 2025, its XRP holdings have reached 118,387,154.16 tokens, with a market value of 215,197,065.61 USD. The current number of outstanding shares is 10,700,000. Historical data shows that the market value of Franklin XRP ETF holdings exceeded 100 million USD on December 1, indicating a monthly growth rate of approximately 100.9% for this indicator.

The market value of Franklin Templeton XRP spot ETF holdings has surpassed $200 million, with a monthly increase of over 100%.

On January 1st, a16z crypto stated in its latest New Year forecast that 2026 will be a key year for the deep integration of crypto technology with finance, the internet, and legal systems. The 17 trends released show that the crypto industry is shifting from being "transaction-driven" to "infrastructure-driven." Key points include: · Stablecoins will see more efficient fiat on/off ramps and drive upgrades to banking ledgers and payment systems; · Tokenization of Real-World Assets (RWA) will develop in a more "native crypto" manner, with stablecoins becoming key infrastructure; · Crypto is reshaping wealth management, expanding from high-net-worth individuals to "accessible to all"; · Privacy is regarded as the most important long-term moat in the crypto space; · New paradigms such as decentralized, quantum-resistant communication and "Secrets-as-a-Service" will emerge; · AI will be widely used in serious research scenarios, and "Know Your Customer (KYC)" is evolving into "Know Your Agent (KYA)"; · New application forms like prediction markets and staked media are expected to expand their influence; · As legal frameworks gradually align with technical architectures, the full potential of blockchain can truly be unleashed. a16z crypto believes that transactions will no longer be the end point of crypto business, but merely a "transit station" toward a broader application ecosystem, with crypto becoming the underlying new primitive for the internet and financial systems.

[a16z Crypto Releases 17 Crypto Industry Trend Outlook for 2026]On January 1st, a16z crypto stated in its latest New Year forecast that 2026 will be a key year for the deep integration of crypto technology with finance, the internet, and legal systems. The 17 trends released show that the crypto industry is shifting from being "transaction-driven" to "infrastructure-driven." Key points include: · Stablecoins will see more efficient fiat on/off ramps and drive upgrades to banking ledgers and payment systems; · Tokenization of Real-World Assets (RWA) will develop in a more "native crypto" manner, with stablecoins becoming key infrastructure; · Crypto is reshaping wealth management, expanding from high-net-worth individuals to "accessible to all"; · Privacy is regarded as the most important long-term moat in the crypto space; · New paradigms such as decentralized, quantum-resistant communication and "Secrets-as-a-Service" will emerge; · AI will be widely used in serious research scenarios, and "Know Your Customer (KYC)" is evolving into "Know Your Agent (KYA)"; · New application forms like prediction markets and staked media are expected to expand their influence; · As legal frameworks gradually align with technical architectures, the full potential of blockchain can truly be unleashed. a16z crypto believes that transactions will no longer be the end point of crypto business, but merely a "transit station" toward a broader application ecosystem, with crypto becoming the underlying new primitive for the internet and financial systems.

a16z Crypto Releases 17 Crypto Industry Trend Outlook for 2026

&nbsp;according to the Financial Times, the UK and more than 40 other countries have implemented new tax regulatory rules for crypto assets. According to the Crypto-Asset Reporting Framework (CARF) established by the Organisation for Economic Co-operation and Development (OECD), major crypto exchanges are required to collect complete transaction records for UK users and report user transaction details and tax residency status to Her Majesty's Revenue and Customs (HMRC).

[More than 40 countries, including the UK, have implemented new cryptocurrency tax rules requiring exchanges to collect and report user transaction records.]&nbsp;according to the Financial Times, the UK and more than 40 other countries have implemented new tax regulatory rules for crypto assets. According to the Crypto-Asset Reporting Framework (CARF) established by the Organisation for Economic Co-operation and Development (OECD), major crypto exchanges are required to collect complete transaction records for UK users and report user transaction details and tax residency status to Her Majesty's Revenue and Customs (HMRC).

More than 40 countries, including the UK, have implemented new cryptocurrency tax rules requiring exchanges to collect and report user transaction records.

&nbsp;the Ethereum network performed strongly in 2025, processing a record volume of transactions and dominating the DeFi market (mainnet TVL accounted for 64%). However, the ETH price fell 10% throughout the year to below $3,000, decoupling from network activity. Because Ethereum proactively reduced transaction fees through technical upgrades to promote the growth of L2 networks and the expansion of the entire ecosystem, mainnet revenue declined significantly. In 2025, total L2 revenue fell 53% to $129 million, but fees paid to the mainnet sharply dropped to only $10 million, with L2 operators retaining about $119 million in profit. This means the Ethereum mainnet “sacrificed” over $100 million in potential revenue (a decrease of about $103 million compared to 2024) to subsidize ecosystem growth.

[Analysis: Ethereum "sacrificed" over $100 million in subsidies for ecosystem expansion in 2025.]&nbsp;the Ethereum network performed strongly in 2025, processing a record volume of transactions and dominating the DeFi market (mainnet TVL accounted for 64%). However, the ETH price fell 10% throughout the year to below $3,000, decoupling from network activity. Because Ethereum proactively reduced transaction fees through technical upgrades to promote the growth of L2 networks and the expansion of the entire ecosystem, mainnet revenue declined significantly. In 2025, total L2 revenue fell 53% to $129 million, but fees paid to the mainnet sharply dropped to only $10 million, with L2 operators retaining about $119 million in profit. This means the Ethereum mainnet “sacrificed” over $100 million in potential revenue (a decrease of about $103 million compared to 2024) to subsidize ecosystem growth.

Analysis: Ethereum "sacrificed" over $100 million in subsidies for ecosystem expansion in 2025.

according to Arkham data, 119 BTC (worth about 10.41 million USD) were transferred from multiple anonymous addresses to Wintermute.

[119 BTC were transferred to Wintertermute from multiple anonymous addresses, worth approximately $10.41 million.]according to Arkham data, 119 BTC (worth about 10.41 million USD) were transferred from multiple anonymous addresses to Wintermute.

119 BTC were transferred to Wintertermute from multiple anonymous addresses, worth approximately $10.41 million.

&nbsp;according to FarsideInvestors monitoring, the total net inflow of US Ethereum spot ETFs in 2025 is 9.6863 billion USD. The fund flow is dominated by strong inflows in the summer (July and August), positive throughout the year but with significant fluctuations, with increased outflows at the end of the year. The net fund flows for each month are as follows: January net inflow of 101.5 million USD; February net inflow of 60 million USD; March net outflow of 389 million USD; April net inflow of 66.1 million USD; May net inflow of 564.2 million USD; June net inflow of 1.1651 billion USD; July net inflow of 5.4309 billion USD; August net inflow of 3.8717 billion USD; September net inflow of 285.6 million USD; October net inflow of 570.1 million USD; November net outflow of 1.4236 billion USD; December net outflow of 616.3 million USD.

[In 2025, the total net inflow into US Ethereum spot ETFs was $9.6863 billion.]&nbsp;according to FarsideInvestors monitoring, the total net inflow of US Ethereum spot ETFs in 2025 is 9.6863 billion USD. The fund flow is dominated by strong inflows in the summer (July and August), positive throughout the year but with significant fluctuations, with increased outflows at the end of the year. The net fund flows for each month are as follows: January net inflow of 101.5 million USD; February net inflow of 60 million USD; March net outflow of 389 million USD; April net inflow of 66.1 million USD; May net inflow of 564.2 million USD; June net inflow of 1.1651 billion USD; July net inflow of 5.4309 billion USD; August net inflow of 3.8717 billion USD; September net inflow of 285.6 million USD; October net inflow of 570.1 million USD; November net outflow of 1.4236 billion USD; December net outflow of 616.3 million USD.

In 2025, the total net inflow into US Ethereum spot ETFs was $9.6863 billion.

according to AI Aunt's monitoring, the address 0xEa6…061EE recharged 8 million USDC margin to Hyperliquid in the past 5 hours, then opened long positions on: IP/XPL/STBL/MON/PUMP/GRIFFAIN/VVV/AIXBT/HEMI/MAVIA/STABLE, with positions ranging from 600,000 to 2 million USD, totaling 13.76 million USD in value, currently with an unrealized loss of 12,000 USD.

[A whale invested $8 million to go long on 11 altcoins, with a total position value of $13.76 million.]according to AI Aunt's monitoring, the address 0xEa6…061EE recharged 8 million USDC margin to Hyperliquid in the past 5 hours, then opened long positions on: IP/XPL/STBL/MON/PUMP/GRIFFAIN/VVV/AIXBT/HEMI/MAVIA/STABLE, with positions ranging from 600,000 to 2 million USD, totaling 13.76 million USD in value, currently with an unrealized loss of 12,000 USD.

A whale invested $8 million to go long on 11 altcoins, with a total position value of $13.76 million.

Tom Lee, Chairman of Ethereum treasury company BitMine, tweeted: "Silver has surged parabolically over the past month, and gold has surged parabolically over the past year. The gold trend leads cryptocurrencies. If these major commodity markets show such trends, who can still be skeptical about digital assets in 2026?"

[Tom Lee: Gold has seen a parabolic rise over the past year, leading the way for cryptocurrencies.]Tom Lee, Chairman of Ethereum treasury company BitMine, tweeted: "Silver has surged parabolically over the past month, and gold has surged parabolically over the past year. The gold trend leads cryptocurrencies. If these major commodity markets show such trends, who can still be skeptical about digital assets in 2026?"

Tom Lee: Gold has seen a parabolic rise over the past year, leading the way for cryptocurrencies.

According to a report published by Nansen, FTX and Alameda have had close (on-chain) ties since the very beginning.
FTX created FTX Token (FTT), a token for their platform, involving Alameda since day one. The two of them shared the majority of the total FTT supply which did not really enter into circulation.
The initial success of Alameda, FTX, and the meteoric rise of FTT most likely led to a rise in the value of Alameda’s balance sheet. This high balance sheet value of the FTT positions was likely used as collateral by Alameda to borrow against. If the borrowed funds were used to make illiquid investments, FTT would become a central weakness for Alameda.
With the collapse of Terra/UST in May, a liquidity crunch ensued as many creditors started to call back loans following the 3AC and Celsius crashes. Alameda would have needed liquidity from a source that would still be willing to give out a loan against their existing collateral
Alameda deposited around ~$3b worth of FTT on FTX of which most remained there until the end.

Detail

【Blockchain Analysis: The Collapse of Alameda and FTX】According to a report published by Nansen, FTX and Alameda have had close (on-chain) ties since the very beginning.
FTX created FTX Token (FTT), a token for their platform, involving Alameda since day one. The two of them shared the majority of the total FTT supply which did not really enter into circulation.
The initial success of Alameda, FTX, and the meteoric rise of FTT most likely led to a rise in the value of Alameda’s balance sheet. This high balance sheet value of the FTT positions was likely used as collateral by Alameda to borrow against. If the borrowed funds were used to make illiquid investments, FTT would become a central weakness for Alameda.
With the collapse of Terra/UST in May, a liquidity crunch ensued as many creditors started to call back loans following the 3AC and Celsius crashes. Alameda would have needed liquidity from a source that would still be willing to give out a loan against their existing collateral
Alameda deposited around ~$3b worth of FTT on FTX of which most remained there until the end.

Blockchain Analysis: The Collapse of Alameda and FTX

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Blockchain Analysis: The Collapse of Alameda and FTX

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