Analysis: "$2.4 Billion in BTC and ETH Deposits on Binance in One Week... Buying Force Disappears"
Analysis suggests that over the past seven days, a total of $2.4 billion worth of cryptocurrencies have been deposited into Binance, increasing selling pressure, but there is no new buying capital to absorb this. Citing a CryptoQuant article by CryptoOnchain, Cointelegraph reported that approximately $1.33 billion worth of BTC and $1.07 billion worth of ETH were deposited into Binance during the period, while stablecoin inflows during the same period were only around $42 million. CryptoOnchain explained, "The amount of BTC withdrawn from exchanges is also decreasing, which suggests that whales are less willing to hold for the long term. The increase in cryptocurrencies deposited into exchanges and the signal of weaker whale holding demand could have a negative impact on price increases."
Visa Cryptocurrency Card Payments Surge 525%
Cryptocurrency card usage issued by global payment giant Visa surged 525% last year, Cointelegraph reported. According to data from Dune Analytics, the combined transaction volume of six cards issued by blockchain projects partnered with Visa increased from $14.6 million in January to $91.3 million in December. Ethereum (ETHFI) accounted for the largest share, with $55.4 million in transaction volume.
Vitalik: "Ethereum Enters a 'New Form of Decentralized Network' with ZK-EVM and PeerDAS"
Vitalik Buterin, the founder of Ethereum (ETH), announced through X that “Ethereum is evolving into a fundamentally new form of decentralized network as the zero-knowledge Ethereum Virtual Machine (ZK-EVM) enters the alpha stage with production-level performance, and PeerDAS, a core feature of Pusaka, is implemented on the mainnet.” He continued, “Existing decentralized network types are divided into ‘torrent type (2000)’ and ‘Bitcoin type (2009)’. Torrents have high bandwidth but no consensus, and Bitcoin has consensus but low bandwidth, and work is not distributed but simply replicated. On the other hand, Ethereum is evolving into a network that has all three elements of ‘decentralization, consensus, and high bandwidth’ through the combination of PeerDAS and ZK-EVM.” Buterin predicted Ethereum’s technical outlook for the next four years as follows.
-2026: ZK-EVM independent gas limit increase, ZK-EVM nodes can be initially operational.
-2026~2028: Stabilization work including restructuring the state structure, blobbing execution payloads, and redesigning gas rates.
2027-2030: ZK-EVM becomes the default block validation method, leading to additional large-scale gas limit expansion.
Analysis: "Tax-saving measures decrease, preference for safe assets increases, driving upward trend."
Analysis suggests that the cryptocurrency market is trending upward across the board, driven by a decline in tax-related trading and a strengthening preference for safe-haven assets due to geopolitical risks. According to CoinDesk, 10x Research CEO Markus Thielen stated, "Market sentiment is improving, with both BTC and ETH trending upward. Following the options expiration at the end of last month, we expect tax-related trading to decline, and trading desks at various companies will likely secure liquidity to diversify risk." BitGet Senior Analyst Ryan Lee added, "Geopolitical risks, such as the US attack on Venezuela, are driving investor demand for safe-haven assets. The cryptocurrency market's rally can also be interpreted as a signal that the cryptocurrency market is attracting funds from safe-haven markets like gold."
Ethereum stablecoin trading volume surpassed $8 trillion in Q4 last year, reaching an all-time high.
Citing data from TokenTerminal, Cointelegraph reported that Ethereum (ETH)-based stablecoin trading volume reached a record high of over $8 trillion in the fourth quarter of last year. This is double the volume (about $4 trillion) compared to the second quarter of last year, and the number of active Ethereum addresses also reached a record high during the same period. The media outlet explained, "Last year, Ethereum-based stablecoin issuance increased by about 43%, and Ethereum accounts for 57% of all stablecoins and about 65% of real-world asset (RWA) assets. Notably, more than half of Tether (USDT) issuance is currently based on Ethereum, showing that actual payment and settlement demand is moving on-chain beyond speculative trading."
Trend Research Turns Profitable with ETH Recovery
As Ethereum (ETH) recovered to $3,200, LD Capital's Trend Research also turned its holdings into profit, EmberCN reported. Trend Research had previously purchased 626,000 ETH (worth $2 billion) through a loan from the cryptocurrency lending protocol AAVE, with an average price of $3,186. While it incurred an unrealized loss of up to $141 million during the ETH decline, it currently has an unrealized profit of $8.77 million.
Venezuela's Hidden Bitcoin?...Secret Vault Rumors Are Growing
Following the arrest of Venezuelan President Nicolás Maduro by the United States, rumors are spreading that Venezuela has been accumulating large amounts of Bitcoin (BTC) and Tether (USDT) to evade international sanctions, according to Blockmedia. Some suggest that Venezuela may hold as much as $60 billion (approximately 86.8 trillion won) in BTC, but the official, on-chain data indicates only about 240 BTC. The United States plans to soon launch an investigation into Venezuela's offshore assets and informal financial networks.
ArcPoint Unveils Blockchain Specialized in Stablecoin Payments and Settlements
Blockchain company ArcPoint (formerly I&FCL) has unveiled Ark Rail, a blockchain network specialized for stablecoin payments and settlements, Maeil Business Newspaper reported. Designed for stablecoin proof-of-concept (PoC), Ark Rail is said to maintain low gas fees while controlling maximum fee caps even during network congestion.
24-Hour Cryptocurrency Perpetual Futures Forced Liquidation Scale
The recent 24-hour cryptocurrency perpetual futures liquidation volume and liquidation rate are as follows.
BTC Liquidation Amount: $91.55 million, Liquidation Ratio: Short 94.24%
ETH Liquidation Amount: $51.81 million, Liquidation Ratio: Short 85.67%
SOL Liquidation Amount: $11.76 million, Liquidation Ratio: Short 91.44%
Long/Short Ratios of BTC Perpetual Futures on the Three Major Futures Exchanges
The ratio of long and short BTC perpetual futures positions over the past 24 hours on the world's top three cryptocurrency futures exchanges based on open interest is as follows.
Total Exchange: Long 50.22% / Short 49.78%
Binance: Long 50.8% / Short 49.2%
OKX: Long 51.01% / Short 48.99%
Bybit: Long 49.13% / Short 50.87%
Binance temporarily suspends MOVR deposits and withdrawals.
Binance announced that it will temporarily suspend MOVR deposits and withdrawals on January 6th at 9:00 PM (KST) to support the Moonriver (MOVR) network upgrade.
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