2025-12-29 23:22:39

Recently, several noteworthy events have occurred on the blockchain. Paxos destroyed 75 million PYUSD, valued at approximately $75.03 million at market price, directly affecting PYUSD's circulating supply. ether.fi is also taking action — the fund injected 700,000 USDT last week to buy back, acquiring nearly 988,000 ETHFI in one go, with a total repurchase amount exceeding $13.18 million, seemingly boosting confidence in the project.

There is also news of collaborations in the ecosystem. The BLIFE Protocol in the Bitcoin ecosystem has chosen to merge with Portal. This integration is backed by funding from Animoca Brands, and a former Ubisoft director has been appointed as CEO of Portal, making the lineup quite strong.

On-chain monitoring data shows that a large transfer recently drew attention — 1,299 BTC (worth about $114.9 million) transferred between unknown wallets. Additionally, Litecoin's Litewallet will officially shut down on December 31, and users are advised to migrate to Nexus Wallet as soon as possible.

In the market, Ethereum is trading around $4,300, with a 24-hour increase of 3.04%, showing good trading activity. Bitcoin is in a consolidation phase, fluctuating around $88,000, with a slight increase over 24 hours. ETHFI and PYUSD have relatively small price movements, decreasing by 0.99% and increasing by 0.02%, respectively.

PYUSD0,06%

ETHFI0,44%

BTC1,12%

LTC0,28%

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CryptoPunster

· 17h ago

Big players are starting to defend the market again. The ETHFI buyback this time almost sent out a banner saying "We are very panicked." Who is transferring 1299 BTC? Playing with blind boxes here. I bet five cents it's a cold wallet of some exchange. Paxos destroying PYUSD is truly brilliant. This is the ultimate stability for a stablecoin—achieving "stability" directly from the circulation. Litecoin wallet is about to shut down. These days, even tools are fleeing. We're still here studying price fluctuations. Laugh out loud. Ethereum rises by 3 points and everyone starts celebrating. Folks, isn't this principal probably used for charity? Mergers, buybacks, burns, transfers... Every news piece reminds me: the market is moving, but my wallet remains forever still.

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faded_wojak.eth

· 17h ago

1.3 billion USD worth of BTC is quietly transferring, is this another dump or some new move? The ETHFI buyback plan is a bit rushed, can pouring so much money into it turn the tide? Paxos destroying PYUSD sounds like a hard attempt to support the price, but this time the numbers are too outrageous. BLIFE and Portal merging? A former Ubisoft director leading the team, this script feels like it's just prolonging the life. Litewallet announced it’s stopping, and now it’s back to the hassle of migration, so annoying. Ethereum has risen, but it doesn’t seem to have much progress; Bitcoin is still sluggish and oscillating. These moves all seem a bit weak, with no hot spots in the market.

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LiquidityWitch

· 17h ago

ngl that 114.9m btc transfer into the void is the real ritual happening here... who's brewing what in those dark pools 👀

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GasFeeCrier

· 17h ago

ETHFI's recent buyback is indeed impressive, with over 13 million dollars invested just to stabilize confidence, indicating that the team is still a bit anxious haha --- Paxos destroys over 70 million PYUSD? Stablecoins are starting to get competitive, I really didn't expect that --- Those 1299 BTC moving back and forth in the wallet, is it a washout or are they really going to dump? That's a bit uncertain --- Portal hired a Ubisoft director as CEO, is this strategy of combining gaming and blockchain feasible? Let's wait and see --- Litewallet is shutting down, and now I have to deal with migrating wallets again, this operation is really annoying --- ETH's 3% increase this time is quite lukewarm; compared to BTC's volatility, it still feels a bit underwhelming --- After PYUSD destruction, the circulating supply decreases. Is this a signal to pump the market, everyone?

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