[Swing Whale 'pension-usdt.eth' Increases Short Position by 6,048 ETH] On December 28, swing whale 'pension-usdt.eth' increased its short position by 6,048 ETH, bringing the total position size to 26,048 ETH, approximately $76.64 million. The opening price was $2,926, with a current unrealized loss of $420,000.

[Coinbase Report States Crypto Market Shifting to Structural Drivers, Three Key Areas to Dominate Future Development] The latest report from Coinbase Institutional indicates that the crypto market is transitioning from traditional boom-and-bust cycles to a model driven by structural forces, with market activity increasingly concentrated in a few key areas. The report predicts that perpetual futures, prediction markets, and stablecoins with payments will become the three core areas dominating the operation of the crypto market by 2026, significantly impacting the industry's long-term development.

[Probability of Fed Rate Cut in January Next Year Rises to 17.7%] On December 28, according to CME 'FedWatch' data, the probability of the Federal Reserve cutting interest rates by 25 basis points in January next year slightly rose to 17.7%, while the probability of maintaining rates unchanged stands at 82.3%. The probability of the Fed keeping rates unchanged through March next year is 46.7%, the cumulative probability of a 25 basis point rate cut is 45.6%, and the cumulative probability of a 50 basis point rate cut is 7.7%. The dates for the next two FOMC meetings are January 28, 2026, and March 18, 2026.

[El Salvador increased its Bitcoin holdings by 8 BTC in the past 7 days, bringing the total to 7,514.37 BTC] El Salvador has increased its Bitcoin holdings by 8 BTC over the past 7 days, bringing its total Bitcoin holdings to 7,514.37 BTC. Based on the current price, the total value is approximately $658 million.

[Lighter to Redistribute Witch Account Points and Eliminate Dual Token/Equity Structure] On December 28, Lighter founder and CEO Vladimir Novakovski stated in a community Space that witch account points will be redistributed to eligible traders. The anti-cheating algorithm uses data science and clustering methods to identify witch accounts and includes an appeal mechanism, allowing users to appeal through a built-in form on Discord. The algorithm's details will not be disclosed to prevent targeted optimization. Lighter is confident in the judgment results, but users can appeal in case of misjudgment. In addition, the large token transfers to trading platforms are unrelated to airdrops and are intended to safeguard the allocation for investors and the team. In the future, the dual token/equity structure will be eliminated, with the goal of accumulating value into the token.