TL;DR

• BTC attempted an upward break of the $99,000 resistance level but failed to establish a firm foothold, falling back to $95,860.
• The Ethereum network’s staked amount exceeds 54 million ETH, with restaking accounting for nearly 10%.
• GT reached a peak price of $17.69, setting a new all-time high.
• The monthly trading volume of the Uniswap protocol on the Base chain reached $15.65 billion, setting a new all-time high.
• US-listed company KULR launched a Bitcoin treasury, purchasing approximately 217 Bitcoins.
• The market capitalization of the MIRA token soared to $80 million, becoming a new paradigm for rare disease fundraising.

Market Analysis

• BTC — Yesterday, BTC attempted an upward break of the $99,000 resistance level, but failed to establish a firm foothold, subsequently falling back rapidly to $95,860, a 3.1% decrease within 24 hours. The current price is still consolidating within a range, with the resistance level at 99,000 and the support level below at $92,600. From a longer-term trend perspective, the market is on the weaker side, and in the short term, there is a high probability of further probing the bottom. Investors are advised to closely monitor changes in support and resistance levels and respond cautiously to market fluctuations.[1]

• ETH — Yesterday, ETH broke below the upward trend, with the price continuing to seek support downwards, currently around $3,342, a decrease of approximately 4.5% in the past 24 hours. The upper resistance level is at $3,540, and the current price is in a downward channel, and may continue to fluctuate in the short term. Investors are advised to pay close attention to market trading volume and changes in macro policies, which will affect the short-term trend of Ethereum, and should remain cautious in their operations.[2]

• ETF — On December 26, according to data from Farside Investors, net inflows into Bitcoin ETFs exceeded $475 million[3], and net inflows into Ethereum ETFs exceeded $117 million[4].
• Altcoins — The Decentralized Identifier (DID), Solana meme, and CEX platform coin sectors rose by 28.5%, 5.2%, and 2.6%, respectively, with $GT among CEX platform coins even setting a new all-time high of $17.69.[5]
• US Three Major Indices — The S&P 500 Index fell by 0.04%, the Nasdaq Index fell by 0.05%, and the Dow Jones Index rose by 0.07%.[6]
• Spot Gold — The price of spot gold reached $2,634 per ounce, an intraday increase of 0.62%.[7]
• Fear and Greed Index — The Fear and Greed Index increased from 73 yesterday to 79, indicating that the market is still in a state of greed.[8]

Top Performers

According to Gate.io market data[9], combined with recent 24-hour trading volume and price performance, the following are top-performing altcoins:

ISLAND — Single-day increase of approximately 46.8%, circulating market value of $27.23 million.
The native utility token of Nifty Island, Nifty Island is a user-generated content-driven open gaming platform where NFTs, meme coins, and Web3 communities can play, create, and earn rewards. Its price has grown by 65%, and after the ecosystem update airdrop, 93% of the airdrops have been claimed, with over 40% staked and steadily increasing.[10]

SWAN — Single-day increase of approximately 34.16%, circulating market value of $8.72 million.
SwanChain (SWAN) is the first superchain project focused on decentralized AI computing, utilizing OP superchain technology to deeply integrate Web3 with AI. The platform provides comprehensive solutions covering storage, computing, bandwidth, and payment, reducing computing costs by up to 70% through idle computing power in the community data center network and realizing the monetization of idle assets, promoting the economy and seamlessness of AI development.

Recently, SwanChain announced the launch of the SwanFi staking function on January 2, 2024, attracting market attention. This news may have stimulated a substantial increase in the token price, and investors are full of expectations for its future potential. SwanFi will further enhance the ecosystem’s vitality and attractiveness by converting computing resources into new liquidity and providing tokenized rewards to stakers.[11]

GMT — Single-day increase of approximately 18.6%, circulating market value of $411 million.
GMT is the core token of the STEPN project, STEPN is a “move-to-earn” application combining healthy lifestyles and blockchain technology. Users earn tokens ($GMT) and NFT shoes through walking, jogging, or running, thereby motivating people to participate in physical activities and enjoy a healthier lifestyle. The platform not only promotes users’ physical activity but also connects the Web3 community through social elements.

Recently, STEPN announced the launch of the BURNGMT token burning plan, which will burn 600 million GMT tokens in the future. This news triggered a positive market reaction, with a substantial increase in the token price, and investors are generally optimistic that this plan can effectively reduce circulation and increase token value. Users who participate in voting will also receive additional GMT rewards, further enhancing community participation and token scarcity. Nevertheless, some users have expressed doubts about the specific implementation process, and continued attention to the project’s development dynamics is needed.[12]

Data Highlights

Base Chain Uniswap Monthly Volume Hits Record $15.65 Billion
The monthly trading volume of the Uniswap protocol on the Base chain reached $15.65 billion, setting a new all-time high, demonstrating the platform’s strong growth in the decentralized trading sector. Currently, the Base chain ranks third among all chains in the Ethereum ecosystem, second only to Ethereum and Arbitrum, reflecting its increasing importance in the DeFi ecosystem. With the continued influx of users and funds, Uniswap’s success not only demonstrates the rising market demand for decentralized trading but also injects new vitality into the entire blockchain industry. This surge in trading volume highlights the importance of liquidity and transaction speed, and market participants are generally optimistic that this trend will further drive the development of the Base chain and its related projects.[13]

Kairos Research: Jito (Solana Staking Pool) Surpasses $100 Million in Monthly Tips
A report published on December 25 by crypto research firm Kairos Research reveals that Solana’s Jito staking pool generated over $100 million in monthly revenue from priority fees and tips during both November and December. Kairos Research found that Jito’s validators saw an average monthly increase of 32% in tip revenue throughout 2024. November saw peak monthly revenue of approximately $210 million. Jito’s rising revenue reflects Solana’s growing adoption and signifies increasing validator earnings from prioritizing transactions, a practice known as Maximum Extractable Value (MEV). Users tip validators to prioritize their transactions during block construction and to ensure their placement ahead of others within a block. While this ensures transaction execution, it also contributes to higher transaction costs.[14]

Ethereum Staking Surpasses 54 Million ETH, Restaking Approaches 10%
Data from IntoTheBlock reveals that Ethereum staking has maintained its upward trajectory this year, exceeding 54 million ETH staked, indicating growing market confidence in the network. Recent data also shows a surge in restaking, which now represents nearly 10% of all staked ETH. This trend underscores the rising demand for liquid staking solutions, particularly those offered by protocols like Lido.

Dune Analytics data further reveals that 27.9% of all ETH is now staked, bolstering network security and stability as the Ethereum ecosystem expands. Market participants express strong optimism about Ethereum’s future, especially with upcoming upgrades and new features on the horizon. Overall, the growth in Ethereum staking strengthens its position within the blockchain space and presents both new opportunities and challenges for investors.[15]

Spotlight Analysis

US Crypto Legislation in 2025: Key Focus on Stablecoins and FIT21
Cryptocurrency legislation will be a significant topic in the 2025 Congress, with particular emphasis on stablecoin regulation and the FIT21 Act. President Trump’s election is expected to bolster congressional support for crypto. House Financial Services Committee Chairman French Hill has identified stablecoins and FIT21 as key priorities for the upcoming session. The stablecoin bill seeks to establish a regulatory framework for this nascent asset class, while FIT21 aims to expand the Commodity Futures Trading Commission’s (CFTC) oversight of crypto spot markets. However, these legislative efforts will face considerable challenges, including competition for floor time and partisan disagreements within Congress.[16]

While the new Congress appears more receptive to crypto, legislative success remains uncertain. The stablecoin bill, for instance, has struggled to gain traction in previous years, and FIT21’s future is also unclear, particularly given potential regulatory shifts under incoming SEC Chairman Paul Atkins. Moreover, Senator Elizabeth Warren’s influence on the Senate Banking Committee could pose further obstacles to crypto legislation. In conclusion, although 2025 offers renewed opportunities for crypto legislation, its ultimate success depends on congressional cooperation and consensus.

US Public Company KULR Launches Bitcoin Treasury, Acquires Approximately 217 Bitcoins
KULR, a publicly traded US company, has established a Bitcoin treasury, acquiring approximately 217 Bitcoins at a cost of $21 million. KULR’s board of directors approved the adoption of Bitcoin as a primary treasury asset earlier this month. KULR is an energy management platform specializing in advanced energy storage solutions for the space, aerospace, and defense sectors. KULR joins a growing list of US public companies, including Genius Group, Cosmos Health, and Semler Scientific, that have announced Bitcoin treasury strategies. MicroStrategy’s significant market cap appreciation following its Bitcoin investment is widely considered a key factor influencing this trend.[17]

MIRA Token Reaches $80 Million Market Cap, Pioneering a New Approach to Rare Disease Fundraising
MIRA, a newly launched meme coin, was created to raise funds for the treatment of Mira, a four-year-old girl diagnosed with a rare brain tumor. After Mira’s father, Siqi Chen, shared her story on social media to garner support for research into the condition, an anonymous individual launched the MIRA token on the Solana network. The token quickly gained traction, achieving a market capitalization of $80 million within hours.

Following MIRA’s rapid success, Siqi Chen committed to selling a portion of the tokens and donating all proceeds to the Hankinson Laboratory at the University of Colorado. He pledged a minimum donation of $1 million to the lab, regardless of further token sales. Chen emphasized that all funds will be dedicated to rare disease research, with no personal profit taken. This initiative highlights the potential of cryptocurrency for charitable giving and raises important questions about its social impact, establishing a new precedent for crypto philanthropy.[18]

Funding News

According to data from RootData, as of December 26, 2024, one project has announced receiving funding[19], with a total funding amount of US$17 million, in the field of artificial intelligence. The specific funding details are as follows:

ChainOpera – ChainOpera completed a US$17 million seed round led by Finality Capital Partners and IDG Capital. ChainOpera plans to launch its flagship platform and a mobile application with AI agents in the coming weeks. ChainOpera AI is a pioneering L1 blockchain and AI operating system that enables the co-creation and co-ownership of decentralized AI agents and applications. ChainOpera AI currently has over 40 team members located in San Francisco, Los Angeles, New York, Singapore, Hong Kong, Seoul, Tokyo, Dubai, London, Greece, and Germany.

Airdrop Opportunities

Network3 — Network3 launched its Pre-TGE (Token Generation Event) airdrop campaign on December 25th. The airdrop campaign has now enabled wallet binding. New users and early node users need to complete wallet binding before the TGE to ensure their eligibility for claiming the airdrop. The total airdrop allocation is 50 million N3 tokens. Network3 provides multiple ways to earn airdrops. Network3 officials stated that they plan to list on several exchanges in January next year. Network3 is building a decentralized AI infrastructure where users can share bandwidth, computing power, datasets, and other resources to provide inference, fine-tuning, and training services for edge AI models, earning token rewards in return.[20]

How to Participate:

• Download the node, connect your wallet, and run the node for mining to share the basic airdrop pool.
• Complete upcoming tasks and activities to earn task airdrops.
• Invite new users to receive referral bonuses.

Note:
The airdrop plan and participation methods may be updated at any time. Users are advised to follow Network3’s official channels for the latest information. Users should also participate cautiously, be aware of risks, and conduct thorough research before participating. Gate.io does not guarantee the subsequent distribution of airdrop rewards.


Reference:

1. Gate.io, https://www.gate.io/trade/BTC_USDT
2. Gate.io, https://www.gate.io/trade/ETH_USDT
3. Farside Investors，https://farside.co.uk/btc/
4. Farside Investors，https://farside.co.uk/eth/
5. Coingecko, https://www.coingecko.com/en/categories
6. Investing, https://investing.com/indices/usa-indices
7. Investing, https://investing.com/currencies/xau-usd
8. Gate.io, https://www.gate.io/bigdata/homeindex
9. Gate.io, https://www.gate.io/price
10. Gate.io，https://www.gate.io/trade/ISLAND_USDT
11. Gate.io，https://www.gate.io/trade/SWAN_USDT
12. Gate.io，https://www.gate.io/trade/GMT_USDT
13. Dune，https://dune.com/mtitus6/uniswap-cross-chain-comparison
14. Kairos Research，https://kairoscrypto.substack.com/p/tiprouter-jitos-2025-growth-engine#poll-250107
15. Dune，https://dune.com/hildobby/eth2-staking
16. Theblock，https://www.theblock.co/post/330896/new-congress-new-crack-at-crypto-legislation-whats-up-next-on-the-hill-in-2025
17. globenewswire，https://www.globenewswire.com/news-release/2024/12/26/3001950/0/en/KULR-Launches-Bitcoin-Treasury-with-Purchase-of-217-18-Bitcoin-for-21-Million.html
18. X，https://x.com/blader/status/1872302462629286220
19. Rootdata，https://www.rootdata.com/zh/Fundraising
20. X，https://x.com/network3_ai/status/1871916869919383805

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Disclaimer
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