Core Insights - Ethereum holders are facing challenging market conditions, with over 40% of Ethereum's supply currently held at a loss [1] - The price of Ethereum has declined for three consecutive months, with a notable 22.2% drop in November and continued volatility in December [2] - The percentage of Ethereum's circulating supply held at a profit has decreased from over 75% to 59%, indicating a growing number of underwater positions [3] Market Performance - Ethereum's price briefly reclaimed the $3,000 level but has since fallen back below this threshold, trading at $2,973.78 at the time of writing [2] - The recent price weakness has significantly impacted holder profitability, with a notable decline in the percentage of holders in profit [3] Whale Activity - Prominent Ethereum holders are repositioning their assets, with Erik Voorhees depositing 1,635 ETH (approximately $4.81 million) into THORChain to swap for Bitcoin Cash [4] - Arthur Hayes is transferring ETH to exchanges, indicating a strategy to rotate into high-quality DeFi tokens, anticipating better performance as fiat liquidity improves [5] - Winslow Strong transferred 1,900 ETH and 307 cbBTC to Coinbase, valued at approximately $32.62 million, which may signal potential selling activity [6]

RT The Block (@TheBlock__)Coinbase taps Chainlink CCIP to expand wrapped assets like cbBTC and cbXRP to new chains https://t.co/Z3MRVYWGH0 ...

Coinbase taps Chainlink CCIP to expand wrapped assets like cbBTC and cbXRP to new chains https://t.co/Z3MRVYWGH0 ...

Strategic Initiatives & Partnerships - Coinbase introduced ETH-backed loans in the U S (excluding NY), allowing users to borrow USDC against their Ethereum [1] - Coinbase acquired VECTORDOTFUN, an onchain trading platform built on Solana, to strengthen support for one of crypto's most active ecosystems [1] - Coinbase reincorporated in Texas to align with a regulatory environment that supports innovation and long-term growth [1] - Coinbase partnered with Residency to support the next generation of web3 founders, backing UK-based startups [3] - Coinbase launched Coinbase Business accounts in Singapore and showcased its vision for the future of money at Singapore FinTech Festival [5] Product Expansion & Innovation - Base enabled institutional transfers of J P Morgan's USD deposit token (JPMD), moving commercial banking closer to fully onchain payments [2] - Coinbase expanded DEX trading to Brazil in the Coinbase app, aiming to bring onchain trading to more markets [2] - Coinbase launched daily-interest GBP savings in the UK in partnership with Clear Bank, offering 3 75% AER with FSCS protection [3] - Coinbase launched token sales on Coinbase with Monad, drawing approximately 86 thousand participants from over 70 countries, with $269 million committed [4] - Coinbase introduced cbBTC for Prime clients on Base, enabling 1:1 movement of BTC into a wrapped token for trading and DeFi [5] Ecosystem Development - Base took over EFDevcon in Buenos Aires, spotlighting the growing ecosystem and announced a new Argentine stablecoin [4] - Coinbase hosted Coinbase One Member's Week, offering special rewards, drops, and exclusive discounts [2]

Base mode: ONPancakeSwap is now the leading protocol on Base for cbBTC/WETH, hitting $122M in 24H volume https://t.co/sXfCeAHRxb ...

RT Pledditor (@Pledditor)I was reading cbBTC's user agreement, and came across this red flag:If @Coinbase loses the underlying BTC backing cbBTC, Coinbase's legal liability to you changes to where they no longer owe you full value of what you had, but a proportional share of whatever BTC is left https://t.co/Y42e9exv2W ...

Make $BTC productive again:cbBTC supplied to @sparkdotfi is up by ~200% in the past three months. https://t.co/sf8EZP9OQc ...

Platform Update - Loopscale 平台现已上线 Raydium LPs [1] - 用户可以抵押 LP 代币进行借贷，在保持流动性的同时继续赚取收益 [1] Supported Trading Pairs - 初始支持七个交易对，包括 USDC-USDT, USDS-USDC, SOL-USD1, SOL-USDC, mSOL-SOL, jitoSOL-SOL, jitoSOL-cbBTC [1]

CHECK @SolvProtocol NOWTHE HUNTER ✴️ (@TrueGemHunter):Traders chase pumps. Holders stack yield. ⚡@SolvProtocol SolvBTC stakers pulled 4–6% BTC yield + drops ($ASTER, $DOLO, $BABY) through 2025 — no wrapper games, no stress.All $BTC wrappers welcome: cbBTC, WBTC, tBTC, eBTC. https://t.co/EsZBqFbsh0 ...

RT mert | helius.dev (@0xMert_)we just witnessed a dump greater than even the covid one, and somehow solana worked greatwas able to swap in/out of USDC and cbBTC, bridge, and transfer with 0 issues and low fees0 RPC issues eitherstill tons of work to do, but internet capital markets looking good here ...