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Binance founder Changpeng Zhao announced that the self-custody crypto wallet Trust Wallet (TWT) will fully compensate users for losses from a recent hack that resulted in approximately $7 million in damages, Cointelegraph reported. Zhao explained that user funds are safe and the incident is currently under investigation, adding that Trust Wallet will cover all losses.

Bitcoin is attempting to rebound and break out of a downtrend that has been in place since October, according to multiple analyses. Cointelegraph reported that trader BitBull, who has 470,000 followers on X, suggested that the expiration of roughly $24 billion in options could ease hedging pressure that has been suppressing prices, potentially leading to a clearer price direction. Separately, Crypto Ideology noted that BTC's daily candle is attempting to break a two-month resistance line. The firm stated that a successful break above the downtrend line could push the price to $95,000, with a high probability of a subsequent rise to $100,000. Adding to the sentiment, crypto analyst Michaël van de Poppe commented that the crypto market remains undervalued and could reach new all-time highs in the coming months.

South Korean crypto exchange Bithumb has announced an airdrop event for the Bitcoin staking protocol Babylon (BABY) to commemorate its partnerships with crypto lending protocol Aave (AAVE) and a BTC financial firm. The event runs from Dec. 26 to Dec. 27. Users who deposit over 500,000 won (approximately $361) in BABY and trade the token for two consecutive days will qualify to share a pool of 3 million BABY, worth around 73 million won (approximately $52,700). The rewards will be distributed equally among all eligible participants on Jan. 6, 2026.

Crypto analyst Kaleo, who has approximately 728,000 followers on X, suggested that Bitcoin's recent price movements are similar to those of autumn 2020 and forecasted that the asset will reach a new all-time high next year. In a post on X, Kaleo explained that in 2020, BTC was recovering from a major crash and had broken below a key long-term uptrend line. At the time, U.S. stocks, particularly in the tech sector, significantly outpaced Bitcoin's recovery following the COVID-19 crisis, while the altcoin market remained subdued. He noted that sentiment was so low that many believed Bitcoin was dead, yet a major bull run followed. The analyst believes Bitcoin is likely still in a long-term bull market and will not adhere to the traditional four-year cycle typically observed around halving events. Instead, he predicts that a new all-time high next year will usher in a new "supercycle." This cycle would be characterized by a more prolonged uptrend, a true altcoin season, and a new wave of retail investor enthusiasm. Kaleo added that while a longer bear market would likely follow, those who navigate the cycle will be able to endure it.

Bitcoin skeptic and prominent gold bull Peter Schiff said that this morning's rebound in Bitcoin's price was a Christmas gift from Santa, offering holders an exit opportunity. He had previously pointed out that the crypto market saw no Santa rally this year. According to Schiff, Bitcoin holders were confident of a price surge at the beginning of the year, but the asset stalled while precious metals like gold and silver soared. He suggested that the best trading opportunity for 2025 was to sell Bitcoin and buy silver.

Whale Alert reported that 89,312 ETH has been transferred from Bithumb to an unknown wallet. The transaction is valued at about $264 million.

South Korean crypto exchange Bithumb has announced it will delist Klaydice (DICE) at 6:00 a.m. UTC on Jan. 26, 2026. The exchange stated that the materials submitted by the Klaydice foundation were insufficient to resolve the issues that led to the token being placed on its delisting watchlist. Bithumb added that after a comprehensive review of the asset's trading and adoption status, it concluded that DICE no longer meets its criteria for continued trading support.

A wallet presumed to belong to trading firm QCP Capital deposited 400 BTC ($35.7 million) and 200 ETH ($597,000) to Binance about five hours ago, according to Onchain Lens. Such deposits to exchanges are often interpreted as a precursor to selling.

Former Alameda Research CEO Caroline Ellison is scheduled to be released from custody on Jan. 21, 2026, according to The Block. Her release comes one month earlier than originally scheduled. Ellison was previously sentenced to two years in prison for her role in aiding and abetting crimes at FTX. She was transferred from prison to a halfway house in mid-December.

South Korean crypto exchange Bithumb has announced it will end trading support for EVZ at 6:00 a.m. UTC on Jan. 26. The exchange said the EVZ Foundation failed to provide sufficient explanatory materials regarding the token’s placement on its delisting watchlist. After reviewing the impact of a security incident and the foundation’s public disclosures, Bithumb concluded that EVZ no longer meets its criteria for maintaining a listing.

Japan's Financial Services Agency (FSA) will formally establish a dedicated cryptocurrency department in July 2026 to coincide with the next fiscal year, according to local crypto media outlet CoinPost. The move will upgrade the current Counselor's Office for Crypto-Assets, Blockchain, and Innovation—a body similar to a task force—into a formally established division. As CoinNess previously reported, the FSA's 2026 budget request to the government included plans for the new department.

Russia's largest state-owned bank, Sberbank, is considering providing loan services collateralized by cryptocurrency, the Russian state news agency TASS reported. Anatoly Popov, deputy chairman of Sberbank's board, said in an interview with TASS that while Russia's cryptocurrency market regulation is still in its early stages, the bank is ready to cooperate with regulatory authorities to develop related solutions and build the necessary infrastructure.

South Korean crypto exchange Upbit announced it will list zkPass (ZKP) on its BTC, USDT, and KRW trading pairs at 8:30 a.m. UTC today.

The Solana-based stablecoin USX depegged due to a lack of liquidity, blockchain security firm PeckShield reported. The stablecoin briefly plummeted to $0.10 but has since recovered to $0.98. The Solstice team stated that USX's underlying and custodial assets were unaffected and that the stablecoin maintains a 100% collateralization ratio. The team attributed the incident to liquidity issues on secondary markets, such as exchanges, and said it plans to work with market makers to continuously supply liquidity to stabilize the market.

The following are the 24-hour long/short ratios for BTC perpetual futures on the top three global crypto futures exchanges by open interest: Overall: 49.34% long, 50.66% short 1. Binance: 48.99% long, 51.01% short 2. OKX: 49.95% long, 50.05% short 3. Bybit: 48.69% long, 51.31% short

South Korean crypto exchange Bithumb announced it will list zkPass (ZKP) for trading against the won at 9:00 a.m. UTC today.

Pudgy Penguins (PENGU) announced via X that it is now featured on the Sphere, the massive entertainment venue in Las Vegas. The appearance follows a previously stated plan, announced on Dec. 15, to wrap the venue from Christmas Eve through the first week of the new year.

South Korean crypto exchange Upbit announced that it will list YieldBasis (YB) on its BTC and USDT trading pairs at 6:00 a.m. UTC on Dec. 26.

Ethereum (ETH) is unlikely to reach a new all-time high in 2026, according to an analysis by crypto analyst Ben Cowen. Cointelegraph reports that Cowen believes it would be very difficult for ETH to rally independently if Bitcoin (BTC) has entered a bear market. He suggested that even if ETH recovers to its previous peak of $4,878, it would likely be a bull trap, with prices at risk of sliding back toward $2,000. However, Cowen added that ETH is the only altcoin that still has a chance of reclaiming its all-time high. He assessed that most other altcoins appear to have exhausted their momentum in the current cycle, making it unlikely they will set new records.

The South Korean crypto exchange Coinone has issued an investment warning for Trust Wallet Token (TWT). The exchange cited the potential for increased price volatility after a security vulnerability was identified within the Trust Wallet service. According to the announcement, the vulnerability was confirmed through the foundation's official community channels.

Gemini, the third-largest exchange in the U.S., announced on Dec. 23 that it has begun supporting trading and custody for BNB, Crowdfund Insider reported. The report noted that Coinbase, the largest U.S. exchange, does not yet offer BNB services, speculating this is due to its competition with industry leader Binance. Meanwhile, Kraken, the second-largest U.S. exchange, listed BNB in April and began offering custody services in July.

The Aave DAO has rejected a proposal to absorb the intellectual property (IP) and equity of its developer, Aave Labs, and make it a subsidiary. The proposal failed, with 55.29% of votes cast against it. The measure was put forward following allegations that Aave Labs was privately appropriating swap fees generated from Aave's CowSwap-based interface. The proposal also included a provision that would have required Aave Labs to transfer all profits generated from the Aave brand to the DAO treasury.

Binance has announced its support for the Frax Share (FXS) token swap and its rebranding to Frax (FRAX). The exchange will delist all existing FXS spot trading pairs at 3:00 a.m. UTC on Jan. 13 and suspend deposits and withdrawals for the token at 3:30 a.m. UTC the same day. Deposits for the new FRAX token will open at 7:00 a.m. UTC on Jan. 15, with trading for the FRAX/USDT pair launching at 8:00 a.m. UTC. Existing FXS tokens will be migrated to FRAX at a one-to-one ratio.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $75.68 million liquidated (75.95% shorts) - ETH: $29.66 million liquidated (52.48% longs) - SOL: $10.75 million liquidated (82.5% longs)

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.