ETH falls below the $3200 mark

**[Binance Releases 2025 Annual Review, Total Trading Volume Reaches $34 Trillion]** Binance has released its 2025 annual review, reporting a total trading volume of $34 trillion across all products in 2025. Among this, spot trading volume exceeded $7.1 trillion, with the platform's historical cumulative trading volume reaching $145 trillion. The spot market expanded to include 490 tokens and 1,889 spot trading pairs, while contract products now cover 584 tokens. Binance Alpha 2.0 achieved a trading volume of over $1 trillion, attracting 17 million users and distributing $782 million in rewards through 254 airdrop events. Binance prevented potential fraud losses of $6.69 billion, processed over 71,000 law enforcement requests, and assisted in seizing approximately $131 million in illicit funds. Fiat and C2C trading volumes grew by 38% year-over-year, while Binance Pay users increased by 30%, expanding to over 20 million merchants.

The asset manager’s base case assumes bitcoin gains traction as a settlement tool and reserve asset over the next 25 years.

[Binance Alpha to Launch CharacterX (CAI) on January 12] Binance Alpha will launch CharacterX (CAI) on January 12. Eligible users can claim CAI airdrops on the Alpha activity page using Binance Alpha points after trading begins. Specific rules and further details will be announced separately. Users can follow Binance's official channels for updates.

[Sky Protocol Stablecoins USDS and DAI Total Supply Exceeds $10 Billion] Sky Protocol tweeted that the total supply of its stablecoins USDS and DAI has exceeded $10 billion.

[A Whale Has Deposited $12.06 Million USDC into Hyperliquid and Purchased 480,000 HYPE] According to Onchain Lens monitoring, a whale address 0x23Af…E2C0 deposited $1 million USDC into Hyperliquid to increase its HYPE holdings. Since December 17, 2025, the whale has cumulatively deposited $12.06 million USDC and purchased 480,997 HYPE at a price of $25.07 each.