Bitpush editor's daily selection of Web3 news:
【Coinbase: Open Interest Hits Record High for 2025】
Bitpush News, Coinbase stated that open interest for 2025 has reached a record high. Perpetual futures open interest reached $1 billion in June. US futures open interest reached $1 billion in July. Derivatives options open interest reached $60 billion in October.
【BitMine Adds 44,463 ETH Last Week, Total Holdings Surpass 4.11 Million】
Bitpush News, according to the latest announcement from Ethereum treasury company BitMine on December 29, BitMine added 44,500 ETH last week, bringing its total ETH holdings to 4,110,525, accounting for 3.41% of Ethereum's total supply (120.7 million ETH).
Additionally, BitMine also holds 193 BTC; $23 million worth of shares in Eightco Holdings (Nasdaq: ORBS); and a total of $1 billion in cash. Public data shows that since October, BitMine has purchased nearly 1.46 million ETH.
【Bitmine Has Staked Over 408,600 ETH, Full Staking Could Yield Over $1 Million Daily】
Bitpush News, Bitmine announced it is collaborating with three staking service providers to advance its commercial MAVAN (Made in America Validator Network), scheduled to officially launch in 2022026.
As of December 28, 2025, Bitmine has staked 408,627 ETH, valued at approximately $1.2 billion based on an ETH price of $2,948, representing only a small portion of its 4.11 million ETH holdings. The current CESR (Composite Ethereum Staking Rate) is 2.81%.
Fundstrat founder Tom Lee stated that if Bitmine's ETH is fully staked via MAVAN and its partners in the future, based on a 2.81% CESR, the annualized staking revenue would be approximately $374 million, with daily earnings exceeding $1 million.
【Strategy (Stock Code: MSTR) Has Officially Purchased 225,027 Bitcoin Year-to-Date】
Bitpush News, according to market news: Strategy (Stock Code: MSTR) has officially purchased 225,027 Bitcoin year-to-date, a quantity that is 1.3 times the total annual Bitcoin mining output.
【Viewpoint: 2026 May See a "Crypto Winter," but Institutionalization and On-Chain Transformation Are Accelerating】
Bitpush News, Cantor Fitzgerald pointed out in its latest year-end report that Bitcoin may be entering a downward cycle lasting several months, and the market might enter the 2026 "crypto winter" early.
Analyst Brett Knoblauch believes that Bitcoin has already retreated approximately 85 days from its recent high, and prices may continue to face pressure, even testing Strategy's average cost line of about $75,000.
However, unlike previous cycles, this downturn is unlikely to be accompanied by large-scale liquidations or a systemic crash. Cantor notes that the current market is dominated by institutions rather than retail investors, and the "divergence" between token price performance and on-chain fundamentals is widening, particularly in the areas of DeFi, tokenized assets, and crypto infrastructure.
On the regulatory front, the passage of the US Digital Asset Market Clarity Act is seen as a key turning point, expected to reduce policy uncertainty and encourage deeper participation from banks and asset management institutions in the crypto market.
Cantor concluded that although 2026 may not necessarily usher in a new bull market, while prices cool, the crypto industry's level of institutionalization, compliance path, and on-chain infrastructure are gradually being solidified.
【Hyperliquid Labs Prepares for First Round of HYPE Distribution, 1.2 Million Tokens Unstaked】
Bitpush News, Hyperliquid Labs is about to conduct the first round of HYPE token distribution. Approximately 1.2 million HYPE tokens (valued at about $31.2 million) have been unstaked and will be distributed to team members on January 6.
HYPE was officially launched via a community airdrop in November 2024. Concurrently, plans are to reserve approximately 23.8% of the total supply for core contributors, with these tokens unlocking gradually. The total supply cap for HYPE is 1 billion tokens. The current circulating supply of HYPE tokens is approximately 238.4 million. HYPE is currently trading at around $26, with a market capitalization of $6.2 billion and a fully diluted valuation of $25.1 billion. Over 61% of HYPE tokens remain locked.
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