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<h2 class="wp-block-heading" id="top-stories-of-the-week">Top Stories of The Week</h2>
<h2 class="wp-block-heading" id="hundreds-of-evm-wallets-drained-in-mysterious-attack-zachxbt">‘Hundreds’ of EVM wallets drained in mysterious attack: ZachXBT</h2>
<p>An attacker has <a href="https://cointelegraph.com/news/hundreds-evm-wallets-drained-mysterious-attack" rel="noopener noreferrer nofollow">drained hundreds</a> of crypto wallets on Ethereum Virtual Machine (EVM) chains, siphoning small sums from each victim in what onchain investigator ZachXBT described as a broad but low-value exploit.</p>
<p>The losses appear limited on a per-wallet basis, with each victim losing less than $2,000, according to ZachXBT. The activity has affected wallets on several EVM-compatible networks, indicating a widespread incident rather than it being isolated to a single blockchain.</p>
<p>A fraudulent email disguised as legitimate communication from Web3 wallet MetaMask could have been the vehicle for the attack, said cybersecurity researcher Vladimir S., who cited a clue left by another pseudonymous X user.</p>
<p>This looks like automated, wide-net exploitation, cybersecurity provider Hackless said, warning users to revoke smart contract approvals and continue monitoring their wallets.</p>
<h2 class="wp-block-heading" id="coinbase-bets-on-stablecoins-base-and-everything-exchange-for-2026">Coinbase bets on stablecoins, Base and ‘everything exchange’ for 2026</h2>
<p>Coinbase intends to prioritize stablecoins, its <a href="https://cointelegraph.com/news/coinbase-bets-on-stablecoins-base-and-everything-exchange-for-2026" rel="noopener noreferrer nofollow">Ethereum layer-2 Base</a> and building out its exchange products past cryptocurrencies throughout 2026, according to CEO Brian Armstrong.</p>
<p>In a New Years social media post, Armstrong reaffirmed Coinbases everything exchange strategy, which includes products like prediction markets, equities and commodities.</p>
<p>At its year-end conference in December, Coinbase launched stock trading and prediction markets as part of its push. The company has also rebranded its wallet app as an everything app, adding social networking and onchain features.</p>
<p>Coinbase isnt alone in broadening its product suite. Rival crypto exchanges are increasingly bundling services in a bid to become super apps.</p>
<h2 class="wp-block-heading" id="strong-no-whales-are-not-accumulating-massive-amounts-of-bitcoin-cryptoquant-strong"><strong>No, whales are not accumulating massive amounts of Bitcoin: CryptoQuant</strong></h2>
<p>Speculation that Bitcoin whales are engaged in a <a href="https://cointelegraph.com/news/bitcoin-whale-accumulation-overstated-long-term-holders-buy" rel="noopener noreferrer nofollow">massive reaccumulation phase</a> has been significantly overstated, suggesting the digital asset market structure has not materially changed, according to onchain data from CryptoQuant.</p>
<p>The popular narrative that large holders are aggressively buying Bitcoin is misleading, said Julio Moreno, head of research at CryptoQuant. Much of the publicly shared whale accumulation data is distorted by exchange-related activity rather than genuine investor behavior.</p>
<p>Cryptocurrency exchanges routinely consolidate funds from many smaller wallets into fewer large ones for operational and regulatory reasons. This process artificially increases the number of wallets holding very large balances, leading onchain trackers to misclassify the activity as whale accumulation.</p>
<h2 class="wp-block-heading" id="strong-bitmine-chairman-proposes-1-000x-increase-in-company-s-authorized-shares-to-50b-strong"><strong>BitMine chairman proposes 1,000x increase in company’s authorized shares, to 50B</strong></h2>
<p>Tom Lee, chairman of publicly listed Ether <a href="https://cointelegraph.com/news/bitmine-chairman-1-000x-increase-authorized-shares-50b" rel="noopener noreferrer nofollow">treasury company BitMine</a>, urged shareholders to back a proposal to dramatically increase the companys authorized share count to 50 billion from 50 million, citing the potential need for future stock splits as Ethers price drives the companys valuation.</p>
<p>Lee said BitMines share price closely tracks the price of Ether, and that he modeled potential future valuations using the ETH/Bitcoin ratio. According to Lee, ETH could reach $250,000 if Bitcoin climbs to $1 million, a scenario that would push BitMines share price to levels he said would be inaccessible for most retail investors.</p>
<p>BitMine shifted from operating as a Bitcoin mining and holding company to an ETH treasury strategy in 2025, but it still retains some of its Bitcoin operations.</p>
<figure class="wp-block-image aligncenter size-large is-resized"><img width="1024" height="682" src="https://s3.magazine.cointelegraph.com/magazine/wp-content/uploads/2026/01/Digest_03-01_1-1024x682.png" alt="Kain Warwick loses $50K ETH bet, BitMine’s ‘1000x’ share plan: Hodler’s Digest, Dec. 21 – Jan. 3">
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<h2 class="wp-block-heading" id="secs-crenshaw-set-to-depart-leaving-us-financial-watchdog-all-republican">SECs Crenshaw set to depart, leaving US financial watchdog all Republican</h2>
<p>Caroline Crenshaw, the <a href="https://cointelegraph.com/news/sec-commissioner-caroline-crenshaw-term-ending" rel="noopener noreferrer nofollow">sole Democratic member</a> leading the US Securities and Exchange Commission (SEC) as commissioner, will be departing the agency this week after serving more than five years.</p>
<p>Crenshaw is expected to depart the SEC by Saturday, marking 18 months after her term ended in June 2024. Commissioners are permitted to continue work at the agency, provided the Senate has not confirmed a replacement.</p>
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<p>Crenshaw, who was sworn into office in August 2020, has often been critical of the agencys approach to digital assets. She spoke out against the SEC settling its enforcement case with Ripple Labs and warned that weakening regulations on digital assets could lead to significant market contagion.&nbsp;</p>
<h2 class="wp-block-heading" id="trump-media-plans-1-1-blockchain-token-rewards-for-shareholders">Trump Media plans 1:1 blockchain token rewards for shareholders</h2>
<p>Trump Media and Technology Group, operator of US <a href="https://cointelegraph.com/news/trump-media-release-reward-tokens" rel="noopener noreferrer nofollow">President Donald Trumps</a> Truth Social platform, said Wednesday it plans to roll out a blockchain token for shareholders that entitles them to perks and rewards.</p>
<p>The DJT token will be launched in collaboration with crypto exchange Crypto.com, and the distribution to existing shareholders set at a 1:1 ratio, or one token per share owned, according to the announcement from the company.</p>
<p>The token may include rewards and perks for DJT shareholders, including discounts on the Truth Social media platform, the Truth+ media streaming platform, and prediction market Truth Predict.</p>
<p>However, the token is not a tokenized stock and does not entitle holders to shareholder rights or a claim on the companys future earnings, Trump Media confirmed to Cointelegraph.</p>
<h2 class="wp-block-heading" id="winners-and-losers">Winners and Losers</h2>
<p>At the end of the week, Bitcoin <strong>(</strong><a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow"><strong>BTC</strong></a><strong>) </strong>is at $90,029, Ether <strong>(</strong><a href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow"><strong>ETH</strong></a><strong>)</strong> at $3,107 and <a href="https://cointelegraph.com/xrp-price-index" rel="noopener noreferrer nofollow"><strong>XRP</strong></a> at $2.00. The total market cap is at $3.07 trillion, <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">according</a> to CoinMarketCap.</p>
<p>Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are MYX Finance <strong>(MYX)</strong> at 89.50%, Pepe <strong>(PEPE)</strong> at 48.55% and Canton <strong>(CC)</strong> at 41.12%.</p>
<p>The top three altcoin losers of the week are Lighter <strong>(LIT)</strong> at 4.66%, Monero <strong>(XMR)</strong> at 4.52% and Mantle <strong>(MNT)</strong> at 4.50%. For more info on crypto prices, make sure to read <a href="https://cointelegraph.com/markets" rel="noopener noreferrer nofollow">Cointelegraphs market analysis</a>.</p>
<figure class="wp-block-image aligncenter size-large is-resized"><img width="1024" height="826" src="https://s3.magazine.cointelegraph.com/magazine/wp-content/uploads/2026/01/Winners-and-Losers03.01-01-1024x826.jpg" alt="Kain Warwick loses $50K ETH bet, BitMine’s ‘1000x’ share plan: Hodler’s Digest, Dec. 21 – Jan. 3">
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<h2 class="wp-block-heading" id="strong-most-memorable-quotations-strong"><strong>Most Memorable Quotations</strong></h2>
<p>If you want to see it in a positive way, from the all-time high, the drawdown is really not as high as we have had in previous bear markets when we have had drawdowns of 70%, 80%. This will be just like a 55% from the all-time high.</p>
<p><a href="https://cointelegraph.com/news/crypto-bear-market-began-november-cryptoquant" rel="noopener noreferrer nofollow"><strong>Julio Moreno</strong></a><strong>, head of research at CryptoQuant</strong></p>
<p>Decentralization erodes not through capture, but through convenience.</p>
<p><a href="https://cointelegraph.com/news/vitalik-buterin-ethereum-dapps-solution-cloudflare" rel="noopener noreferrer nofollow"><strong>Vitalik Buterin</strong></a><strong>, co-founder of Ethereum</strong></p>
<p>We are seeing quantitative easing light right now. The Fed is starting to buy its own bonds. I think demand for government debt is going to fall significantly next year, along with lower rates. All of this bodes well for all assets, including Bitcoin.</p>
<p><a href="https://cointelegraph.com/news/massive-liquidity-injections-boost-btc-price-2026" rel="noopener noreferrer nofollow"><strong>Bill Barhydt</strong></a><strong>, CEO of Abra</strong></p>
<p>The Market Has New Players, crypto isnt 2016 or 2020 anymore. ETFs, institutions, and corporate balance sheets dont trade like hype-driven retail.</p>
<p><a href="https://cointelegraph.com/news/is-bitcoin-four-year-cycle-dead-2025" rel="noopener noreferrer nofollow"><strong>Armando Pantoja</strong></a><strong>, independent investor</strong></p>
<p>If we keep moving at this speed in five years, Pakistan will be the crypto leader, one of the crypto leaders in the world.</p>
<p><a href="https://cointelegraph.com/news/pakistan-could-become-world-crypto-leader-cz" rel="noopener noreferrer nofollow"><strong>Changpeng “CZ” Zhao</strong></a><strong>, founder and former CEO of Binance</strong></p>
<p>The market shows signs of recovery as holders express pride in profits and continued commitment. Events and giveaways boost engagement, reflecting optimism despite recent challenges.</p>
<p><a href="https://cointelegraph.com/news/crypto-sentiment-index-fear-market-emotions-bitcoin-price" rel="noopener noreferrer nofollow"><strong>Santiment</strong></a><strong>, crypto sentiment platform</strong></p>
<h2 class="wp-block-heading" id="top-fud-of-the-week">Top FUD of The Week</h2>
<h3 class="wp-block-heading" id="crypto-phishing-losses-fell-83-in-2025-but-drainer-ecosystem-remains-active">Crypto phishing losses fell 83% in 2025, but drainer ecosystem remains active</h3>
<p>Crypto phishing attacks tied to wallet drainers <a href="https://cointelegraph.com/news/crypto-phishing-losses-fell-83-percent-2025-wallet-drainers" rel="noopener noreferrer nofollow">dropped sharply in 2025</a>, with total losses falling to $83.85 million, down 83% year over year from nearly $494 million in 2024.</p>
<p>The number of victims also declined significantly to 106,000, a 68% drop from the previous year, Web3 security platform Scam Sniffer said in its new report analyzing signature-based phishing across Ethereum Virtual Machine chains.</p>
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<p>Despite the steep fall, the report warned that phishing activity has not disappeared. Instead, losses closely followed market cycles, rising during periods of higher onchain activity and easing as markets cooled.</p>
<p>The third quarter of 2025, which coincided with Ethers strongest rally of the year, recorded the highest phishing losses at $31 million, with August-September accounting for nearly 29% of annual losses.</p>
<figure class="wp-block-image aligncenter size-large is-resized"><img width="1024" height="682" src="https://s3.magazine.cointelegraph.com/magazine/wp-content/uploads/2026/01/Digest_03-01_3-1024x682.png" alt="Kain Warwick loses $50K ETH bet, BitMine’s ‘1000x’ share plan: Hodler’s Digest, Dec. 21 – Jan. 3">
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<h3 class="wp-block-heading" id="defi-pioneer-coughs-up-50k-after-making-bad-bet-on-ether">DeFi pioneer coughs up $50K after making bad bet on Ether</h3>
<p>Crypto executive Kain Warwick, the founder of <a href="https://cointelegraph.com/news/infinex-founder-kain-warwick-loses-50k-bet-as-eth-misses-25k-in-2025" rel="noopener noreferrer nofollow">Synthetix and Infinex</a>, is set to pay up $50,000 after betting that Ether would hit $25,000 in 2025, joining one of many market participants who overestimated the speed of Ethers recovery after its dip in October.</p>
<p>Ether ended Dec. 31 trading at roughly $2,980, around 13.7% lower than where it started at the beginning of the year, according to CoinMarketCap.</p>
<p>Part of it was due to a $19 billion crypto market liquidation on Oct. 10 that triggered a downtrend, pushing Ether as low as $2,767 before it slowly crept upward again.</p>
<p>The bet came from an exchange between Warwick and Multicoin managing partner Kyle Samani in November. Samani doubted the chances that Ether could recover and hit $25,000 by the end of the year.&nbsp;</p>
<p>Warwick disagreed, making a bet at 10:1 odds that it had a chance.&nbsp;</p>
<figure class="wp-block-image aligncenter size-large is-resized"><img width="1024" height="682" src="https://s3.magazine.cointelegraph.com/magazine/wp-content/uploads/2026/01/Digest_03-01_2-1024x682.png" alt="Kain Warwick loses $50K ETH bet, BitMine’s ‘1000x’ share plan: Hodler’s Digest, Dec. 21 – Jan. 3">
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<h3 class="wp-block-heading" id="crypto-sentiment-shifts-off-extreme-fear-but-mixed-emotions-persist">Crypto sentiment shifts off extreme fear, but mixed emotions persist</h3>
<p>A widely used crypto market <a href="https://cointelegraph.com/news/crypto-sentiment-index-fear-market-emotions-bitcoin-price" rel="noopener noreferrer nofollow">sentiment indicator</a> has shaken off its extreme fear rating as of Friday, returning to its highest levels in 21 days despite still trading under $90,000.</p>
<p>The index, which measures overall crypto market sentiment, recorded a fear score of 29 in its Friday update, climbing out of the extreme fear zone to its highest level since Dec. 12.&nbsp;</p>
<p>The price of Bitcoin is $88,995 at the time of publication.&nbsp;</p>
<p>The rise in sentiment is a positive signal for the crypto community, and some analysts say the long stretch in fear or extreme fear territory could indicate the market is primed for potential gains. Risk/Reward is the best it has ever been, crypto entrepreneur Brian Rose said in an X post on Dec. 28, pointing out that the index has been in fearful territory for eight weeks.</p>
<h2 class="wp-block-heading" id="top-magazine-stories-of-the-week">Top Magazine Stories of The Week</h2>
<h3 class="wp-block-heading" id="how-crypto-laws-changed-in-2025-and-how-theyll-change-in-2026">How crypto laws changed in 2025 and how theyll change in 2026</h3>
<p>The US passed stablecoin legislation and EU saw the <a href="https://cointelegraph.com/magazine/how-crypto-laws-changed-2025-further-2026/" rel="noopener noreferrer nofollow">first year of MICA</a>. What’s next for crypto laws in 2026?</p>
<h3 class="wp-block-heading" id="9-weirdest-ai-stories-from-2025-ai-eye">9 weirdest AI stories from 2025: AI Eye</h3>
<p>The AI revolution is turning out to be a lot weirder <a href="https://cointelegraph.com/magazine/9-weirdest-ai-stories-2025-ai-eye/" rel="noopener noreferrer nofollow">than anyone expected</a>. Here’s nine top quality examples.</p>
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Kain Warwick loses $50K ETH bet, BitMine’s ‘1000x’ share plan: Hodler’s Digest, Dec. 21 – Jan. 3

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