Coin Bureau

⚠️ ALERT: $217 MILLION LIQUIDATED IN THE PAST HOUR A total of $217.1M was liquidated, with $207.24M from longs and $9.59M from shorts.

👀 BITCOIN SHORT-TERM HOLDERS ARE SELLING AT A LOSS The STH SOPR is still below 1 (now ~0.99), meaning recent buyers are selling $BTC for less than they paid.

📊 DATS ARE STILL BUYING CRYPTO! Digital asset investment products saw $864M in inflows last week, marking the third STRAIGHT week of inflows as investors remain cautious but increasingly optimistic.

🚨 STRATEGY BUYS MORE BITCOIN! Strategy has acquired 10,645 $BTC for $980.3 million at an average price of $92,098 per Bitcoin. They now hold 671,268 BTC worth about $50.33B

📇 DePIN 2025: Beyond the Price Chart DePIN token prices are down over 90% from last year’s highs, but onchain data tells a different story: sector-wide fees have surged 3.3× since last year, with DePIN accounting for ~20% of all fee-generating crypto protocols.. Essentially, DePIN uses blockchain incentives to get people and businesses to build and run real-world infrastructure such as wireless networks, storage, compute, energy— together, without relying on a single company to do it all. Much like DeFi reimagined finance, DePIN is reimagining how physical and digital infrastructure is built and owned. 📊 DePIN Trends in 2025 On a multi-year basis, the sector continues to be one of crypto’s fastest-growing categories. > Fees hit new highs: Q4 2025 fees are on track for $76M, with full-year fees nearing $240M (~3.3× YoY growth). > Leading monetization driver: DePIN accounts for ~20% of crypto projects reporting onchain fees in 2025. > Volatile Revenue: Many networks saw revenue pressure, with a 27% QoQ decline in fees across several projects. > Valuations normalize: Median price-to-fee ratios fell to 106× from 211× in Q3, bringing leading DePINs closer to DeFi-like multiples. > Sustained Institutional Interest: Major raises from Daylight Energy ($75M), Hivemapper ($32M), and Grass and 375ai ($10M each) indicate the sector’s strong capital formation despite revenue volatility. 🔍 NETWORK INSIGHTS 🌐 Helium: DePIN at Consumer Scal Helium remains the most mature and widely adopted DePIN network. Its decentralized wireless network provides IoT and cellular connectivity through a community-owned hotspot model and now serves over 1.4 million daily active users. In 2025, Helium’s growth accelerated sharply: 📞 Mobile subscribers rose from roughly 132,000 in January to over 460,000 by Q3, while daily users climbed 35% quarter-over-quarter to 1.2 million. 💵Economically, Helium strengthened its model by burning 100% of Helium Mobile subscriber revenue, driving annualized burn-based revenue to $18.3 million. 📶 With over 384,000 hotspots deployed globally and expanding carrier partnerships, Helium is operating at real consumer scale with sustainable demand. 🤖 peaq: Powering the Machine Economy peaq is a Layer-1 blockchain purpose-built for DePIN, robotics, and machine-to-machine economies. Designed for high throughput and low fees, peaq enables autonomous machines to transact, coordinate, and generate onchain value. In 2025 peaq: 📈 Market cap rose 69% quarter-over-quarter to $129 million, reflecting growing interest in the robotics and DePIN narrative. 💱They launched the first ever DEX for the Machine Economy, MachineX, which has since generated $29 million in cumulative volume. ⌛ Onchain activity eased as early incentives paused, but upcoming infrastructure upgrades position peaq for renewed growth with machine-driven DePIN use cases only maturing. #⃣ Filecoin: Consolidation and Efficiency Filecoin continues to anchor decentralized storage within the DePIN ecosystem. In 2025, the network shifted from raw capacity expansion toward efficiency and higher-quality data. 📀 Active storage held steady at 1,110 PiB, while utilization increased from 32% to 36% as total capacity declined amid miner consolidation. 🔼Network fees rose 14% QoQ to ~$793K, driven mainly by higher penalty fees following protocol upgrades enforcing stricter standards. 📉 FIL market cap slipped modestly to ~$1.5B, while enterprise and research adoption remained stable, with large, verified datasets continuing to be on boarded. As 2025 comes to an end, DePIN is gaining real-world traction and funding momentum, positioning the sector for what the World Economic Forum sees as a $3.5 trillion opportunity by 2028.

🚨 JUST IN: Trump family-backed Bitcoin miner American Bitcoin Corp added 261 $BTC, bringing total holdings to 5,044 $BTC. The firm now ranks #21 on the Bitcoin Treasury List.

🚨 CHINA'S MINING SHUTDOWN HIT BITCOIN HASHRATE Bitcoin network's hashrate dropped by ~100 EH/s yesterday, per WuBlockchain. Over 400,000 mining rigs reportedly went offline after mining farms in Xinjiang, China shut down.

⚡️ JUST IN: VISA LAUNCHES STABLECOINS ADVISORY PRACTICE! Visa is launching a consulting service aimed at helping fintechs, banks, and businesses develop strategies, technologies, operations, and implementations for stablecoins. Its list of clients already includes Navy Federal Credit Union, VyStar, and Pathward

⚡️ JUST IN: JP MORGAN LAUNCHES TOKENIZED CASH ON ETHEREUM JP Morgan rolled out JPM Coin ($JPMD) on Ethereum’s Base L2, offering institutions 24/7 instant settlement using tokenized bank deposits.

🚨 BREAKING: JAPAN TO START SELLING $500B+ IN ETFs Japan’s central bank plans to begin selling its ¥83 trillion ($534B) ETF holdings as soon as next month. The BOJ will sell slowly at about ¥330B per year to avoid market shocks, a process expected to stretch over 100 years.

⚡️ LATEST: CIRCLE TESTS PRIVATE USDC Circle is piloting USDCx - a privacy-preserving version of USDC built on Aleo using zero-knowledge tech. It offers bank-level privacy while keeping compliance records intact.

⚠️ ALERT: $252.5M in Bitcoin & Ethereum options will expire TOMORROW! $222.8M in $BTC options with a max pain at $89K. $29.7M in $ETH options with a max pain at $3,125.

👀 EDGEX VOLUMES LINKED TO MEXC CARTEL? Onchain investigator ZachXBT claims recent volumes on perps DEX EdgeX may be driven by the “MEXC cartel.” He also suspects this ‘cartel’ may have been behind a previous memecoin manipulation incident on Hyperliquid. EdgeX co-founder KF.edge has denied these claims, highlighting the project’s partnership with Amber Group and commitment to high professional standards.

⚠️ BITCOIN CME GAP ALERT AT $90K! $BTC futures just left a CME gap below $90.3K after the sharp drop. If momentum flips BULLISH, this zone could be the next stop 👀

🎙 RATE CUTS WON’T BE DECIDED BY TRUMP Trump’s Fed chair nominee, Kevin Hassett, says rate cuts are decided by the Fed’s board and will not be influenced by Trump. This follows Trump's recent comment that he “should be listened to” by the Fed on rate decisions.

⚡️ BREAKING: UK TO START REGULATING CRYPTO BY 2027 Starting 2027, crypto will be regulated like traditional financial assets under new UK Treasury rules. Officials are also considering a ban on political donations made using crypto.

🚨 ALERT: AEVO'S LEGACY RIBBON VAULTS EXPLOITED FOR $2.7M! The hacker targeted Ribbon's DeFi Options Vaults after an oracle infrastructure upgrade accidentally enabled price manipulation. Aevo has stated it will halt and decommission all Ribbon vaults. It opened a 6-month claim window for users to withdraw deposits with a 19% reduction.

🚨 VIVOPOWER LAUNCHES $300M RIPPLE FUND Korean VivoPower launches a $300 MILLION Ripple equity fund targeting South Korea as $XRP drops over 11% in a month.

🤑 JUST IN: Strategy is back to buying Bitcoin as Michael Saylor posts alluding to more orange dots on the "Saylor Tracker