Current mainstream CEX and DEX funding rate displays market shifting back to full bearish mode

December 26th: Per analyst Specter’s data, the wallet hit hardest in this morning’s Trust Wallet hack lost roughly $3.5 million in assets — the address had been dormant for a year. The second-hardest hit wallet lost $1.4 million in assets, having lain dormant for over two years prior to the attack. Earlier reports stated the Trust Wallet hacker stole more than $6 million in crypto this morning and has already transferred over $4 million to a centralized exchange (CEX).

December 26th — Per HyperInsight monitoring, whale long positions on BTC and ETH have seen a sharp reduction on Hyperliquid recently. Currently, BTC whale long/short strength is evenly matched, with ~122 long positions vs. ~116 short positions. For ETH, short positions are twice the number of longs: ~58 longs vs. ~113 shorts. Compared to October 14th data, BTC whale long positions have dropped nearly 50% in roughly two months (from 234 to current levels). BTC short positions at that time were ~125, with relatively limited change. Key whale details from monitoring: - Largest BTC short whale (address 0x50b): Avg entry ~$88,200, liquidation ~$94,100, position size ~$76.44M. - Largest ETH short whale (dubbed the "20 Million Range Hunter"): Avg entry ~$3,129, liquidation ~$3,796, position size ~$70.23M.

Dec. 26: QCP Capital has deposited 400 BTC and 200 ETH into Binance, per Onchain Lens monitoring.

**Caroline Ellison Scheduled for 2026 Prison Release; SEC Confirms Bankman-Fried Remains Incarcerated** Federal Bureau of Prisons records dated December 26 show former Alameda Research co-CEO Caroline Ellison is set to be released from federal prison on January 21, 2026. Ellison was transferred from a Connecticut prison to home confinement in October. On December 20, the U.S. Securities and Exchange Commission (SEC) issued a litigation notice stating former FTX CEO Sam Bankman-Fried remains in federal prison on fraud charges. Executives including Ellison (who led Alameda under Bankman-Fried’s oversight) have agreed to a settlement, which is pending court approval. Other signatories to the settlement are FTX Trading’s former CTO Zixiao Wang and former FTX co-head of engineering Nishad Singh. (Source: The Block)

On December 26, Cointelegraph reported that stablecoin market capitalization has topped $310 billion—hitting a key milestone and representing 70% growth over the past year. This growth isn’t just another sign of a crypto bubble; it signals a fundamental shift in the global digital asset landscape. The report cites three main drivers of the stablecoin’s rapid expansion: global adoption in payment apps, institutional demand, and decentralized finance (DeFi) development. Additionally, multiple industry analysis models project stablecoin supply will reach $20 trillion by 2028 as major financial institutions integrate stablecoins more broadly. These forecasts hinge on stablecoins evolving from a transactional tool to a universal digital cash layer, with use cases spanning e-commerce, cross-enterprise payments, embedded finance, and beyond.

On December 26, Pacifica—Solana’s perpetual futures trading platform—completed this week’s point distribution, which primarily goes to qualified active addresses based on user trading volume. Trader Ron (@Ron521520), who has already received his points, noted his past seven-day trading volume was around $17,850, netting him 7 total points—equivalent to roughly $2,550 per point. Per a community-led analysis site for Pacifica, the platform’s points program is set to run for 22 weeks through February 5, 2026, with a total distribution of ~220 million points. Assuming a 25% airdrop token ratio per point and a $1 billion fully diluted valuation (FDV), each point is estimated to redeem for ~1.136 tokens, valued at roughly $1.09 apiece. (Note: This is community speculation only; Pacifica has not confirmed the data’s validity.) Users can now use Coinbob Pacifica (@CoinbobPAC_bot)—a blockchain data analytics and copy-trading tool built exclusively for Pacifica—to one-click copy high-fr