New data shows business-linked wallets dominate stablecoin volume on Ethereum, signaling real-world payment adoption. Ethereum-based stablecoin transfers are changing shape, with new data showing that businesses and merchants now move far more value on-chain than individuals. The findings point to Ethereum quietly becoming a settlement layer for corporate payments and consumer spending, rather than just peer transfers. And while most stablecoin transactions, by count, still happen between individuals, the bulk of the money now flows through business-linked wallets, a sign that real-world payment use is gaining ground. Institutions Drive…
Day: December 23, 2025
WLFI Freeze Haunts Justin Sun Three Months After Troubled Token Launch
Despite public pledges and buyback promises, Justin Sun remains frozen out. Tron founder Justin Sun remains blacklisted by World Liberty Financial (WLFI), according to a recent tweet from Bubblemaps. The blockchain analytics platform said that Sun’s locked WLFI tokens have lost around $60 million in value over the past three months. WLFI Launch Controversy Bubblemaps’ latest comment has renewed attention on the controversy that surrounded WLFI’s launch back in September, when the project was hit by confusion, supply disputes, and allegations of insider manipulation that largely affected retail investors.…
Brett Harrison Raises $35M for Institutional Derivatives Platform
Brett Harrison, the former president of the now-defunct FTX US exchange, has closed a $35 million funding round for his new derivatives venture, signaling renewed investor confidence in the sector and continued venture appetite for crypto-linked derivatives infrastructure. On Tuesday, The Information reported that Harrison’s startup, Architect Financial Technologies, is using the funding to build an institutional trading platform spanning derivatives, equities, futures and digital assets. Participants in the round included Miax, Tioga Capital, ARK Investment, Galaxy and VanEck. The new capital follows a $12 million funding round in 2024…
Altseason Or Not, ETH, BNB, XRP, SOL And DOGE Could Lead
The cryptocurrency market witnessed pockets of outperformance from select altcoins in 2025, but a broad-based altcoin rally failed to materialize. According to CoinMarketCap data, Bitcoin (BTC) did not breach its yearly low dominance of 55.5% hit on Jan. 5, 2025, signaling that traders did not abandon BTC and rush into altcoins. Glassnode said in a recent post on X that nearly all crypto sectors had underperformed BTC over the past 3 months, signaling “a market environment where capital concentration favors BTC.” Could the major altcoins make a comeback in 2026?…
VanEck Says Bitcoin Hashrate Dip Could Set Up 2026 Rally
Miner stress increased as lower prices and higher costs pushed hash rate to its sharpest decline since April 2024. Bitcoin (BTC) slid deeper into a difficult end to 2025 as selling pressure intensified in December, pushing the network hash rate down by roughly 4% over 30 days, according to VanEck’s latest Bitcoin ChainCheck. The drop, which coincided with Bitcoin’s weakest fourth quarter since 2018, is being framed by VanEck as a rare setup that has often come right before stronger long-term returns rather than prolonged weakness. Hashrate Drop, Miner…
Brazil Backs Bitcoin Music Project with Tax-Deductible Funding
An experimental orchestral project in Brazil aims to convert Bitcoin price data into live music, after receiving approval to raise funds through one of the country’s tax-incentive programs for cultural initiatives. According to Brazil’s Federal Register, the authorization allows the project to seek up to 1.09 million reais ($197,000) from private companies and individual donors for an instrumental concert that uses financial data to generate music, drawing on concepts from art, mathematics, economics and physics. The publication does not specify whether any blockchain or onchain infrastructure will be used in…
Gnosis Announces Hard Fork to Recover Funds from Balancer Exploit
Gnosis chain operators executed a hard fork to recover funds tied to a $116 million Balancer exploit in November. In a Tuesday X post following a notice for node operators, Gnosis said it executed a hard fork to recover some of the funds from a significant exploit of Balancer. The project said the funds were “out of the hacker’s control,” signaling a partial or full recovery. The hard fork, executed on Monday, followed a majority of validators adopting a soft fork in November in response to the Balancer exploit affecting…
THORChain Launches Native Cross-Chain Swap Interface in Public Beta
[PRESS RELEASE – George Town, Cayman Islands, December 23rd, 2025] First-of-its-kind DEX eliminates wrapped tokens and centralized exchanges, enabling direct native asset swaps across multiple blockchains THORChain announced today the public beta launch of swap.thorchain.org, a dedicated DeFi swap interface designed to serve as the protocol’s primary front-end for seamless cross-chain cryptocurrency trading. The platform enables users to swap native digital assets directly across blockchain networks without relying on wrapped tokens, bridges, or centralized exchanges. Built as infrastructure for the decentralized finance community, the new interface represents THORChain’s commitment to…
Cipher Mining Buys Ohio Power Site, Enters PJM Market
Cipher Mining has acquired a 200-megawatt power site in Ohio called “Ulysses,” marking its first expansion outside of Texas and entry into the PJM wholesale electricity market, the largest power market in the United States. According to Tuesday’s announcement, the 195-acre site has secured power capacity from AEP Ohio, with all required utility agreements in place, and is expected to be energized in the fourth quarter of 2027. Cipher said the facility is suitable for high-performance computing and data center use in addition to Bitcoin (BTC) mining. Financial terms of…
Bitcoin Transactions Are Cheap Again, But Miners Are Paying the Price
Cheap transfers for Bitcoin users are raising fresh concerns about miner profitability. Bitcoin (BTC) appears to be struggling to hold on to $88,000 as it saw a 2% decline on Tuesday. Against the backdrop of a gloomy price action, new data suggest that fewer people are currently using the Bitcoin blockchain. Alphractal founder and CEO Joao Wedson said that “this is not a good sign.” Red Flags for Miners Bitcoin’s total transaction fees have dropped to their lowest level since January 2011, according to analysis by Alphractal. The decline…