["Maji" Adds 525 ETH Long Positions in 16 Hours and Closes BTC Long Positions] According to Hyperinsight monitoring, as the massive options expiration approaches, "Maji" has net added 525 ETH long positions in the past 16 hours and closed BTC long positions. As of press time, "Maji" holds 25x leveraged Ethereum long positions with a position size of 8,000 ETH and a liquidation price of $2,870; additionally, they hold 10x leveraged HYPE long positions with a position size of 8,000 units.

[Stacy Muur: Non-trading fee revenue becomes an important income source for trading platforms] Crypto researcher Stacy Muur posted on platform X, pointing out that a series of charts from 2025 show non-trading fee revenue has become a significant income source for trading platforms. In Coinbase's revenue composition, stablecoins account for 44%, staking accounts for 27%, subscriptions account for 19%, and fees account for 10%. Centralized exchanges are transitioning into super apps.

[A whale deposits 3 million TRUMP tokens into Binance, losing $7.8 million] On December 26, according to monitoring by Onchain Lens, a whale deposited 3 million TRUMP tokens worth $14.88 million into Binance after holding them for approximately 50 days, incurring a loss of about $7.8 million. This whale initially withdrew these TRUMP tokens at a cost of $22.68 million.

[A Whale Deposits 3 Million TRUMP into Binance] According to monitoring by Arkham, approximately six minutes ago, a whale deposited 3 million TRUMP into Binance, valued at approximately $14.88 million. It is reported that the whale purchased these TRUMP two months ago for around $22.69 million, potentially incurring a loss of about $7.81 million if sold this time.

[The largest Bitcoin options expiration in history will occur at 4 PM today] At 4 PM today (UTC+8), approximately 300,000 Bitcoin options contracts will expire, with a notional value of about $23.7 billion. The combined expiration scale of Bitcoin and Ethereum options today reaches $28.5 billion, double that of the same period last year.