Bithumb to List ZKP

On December 26, @BTC__options—a macro researcher at Greeks Live—reported today’s cryptocurrency options expiration is the largest in history by notional value: ~$28 billion. Key details: - Bitcoin (BTC): 267k options expiring; Put/Call ratio 0.35; max pain $95k; ~$23.6B notional. - Ethereum (ETH): 1.28M options expiring; Put/Call ratio 0.45; max pain $3.1k; ~$3.71B notional. Market update: Over half of the options have settled today. Pre-settlement, option block volume and trading share climbed amid position-adjustment demand. Post-settlement, March quarterly options lead total open interest (over 30%), dominated by out-of-the-money calls. Q4 context: This year’s Q4 performance is the worst in recent years. Industry cyclicality and slow growth have depressed sentiment, favoring seller strategies.

December 26 — Per Arkham’s monitoring data, a whale at address 0x2a42 withdrew 87,659 LINK from Binance roughly five minutes ago, valued at approximately $1.08 million. Over the past two days, this whale has pulled a total of 234,979 LINK from the exchange, worth around $2.9 million. Whales appear to be ramping up LINK accumulation recently. Separately, a whale at address 0xEC7B has withdrawn 469,437 LINK from Binance over the past two days, with the total valued at roughly $5.77 million.

**December 26 – Reuters Exclusive** Russian President Vladimir Putin told a businessperson during a late-night December 24 meeting that Russia could be open to swapping Ukrainian territory under its control—but he insisted on securing the entire Donbass region. Putin also addressed the Zaporizhzhia Nuclear Power Plant, noting talks are underway about Russia and the U.S. jointly operating the facility. He added the U.S. has expressed interest in crypto mining near the plant, and the site should supply some power to Ukraine.

Dec. 26 — Coinglass data shows that as of 2025 YTD, total nominal forced liquidations of long and short positions across the entire crypto network have reached approximately $150 billion, translating to an average daily “normal leverage reset” of $4 billion to $5 billion. On most trading days, long/short liquidation volumes range from tens of millions to hundreds of millions of dollars, primarily reflecting daily margin adjustments and short-term position closures in a high-leverage environment — with limited mid-to-long-term impact on market prices and structure. Systemic pressure, however, is concentrated in a handful of extreme event windows — most notably the mid-October Oct. 10–11 deleveraging event.

On December 26, Kalshi CEO and Co-Founder Tarek Mansour posted on X, announcing plans to host the first Prediction Market Conference in March 2026. Researchers, economists, policymakers and traders will convene to discuss key topics related to prediction markets and knowledge aggregation.

On December 26th, per Hyperinsight data, as a record options expiry looms, the "Buddy" entity added 525 ETH long positions over nearly 16 hours while closing a BTC long position. As of press time, their holdings are as follows: - 25x leveraged long position on Ethereum: 8,000 ETH, liquidation price $2,870 - 10x leveraged long position on HYPE: 8,000 HYPE tokens