Bitcoin Ecosystem: BLIFE Protocol Merges with Portal, Advances Unified Brand to Drive Cross-Chain Game Infrastructure
On December 30, Bitcoin ecosystem decentralized protocol BLIFE Protocol announced it has merged with Web3 game interoperability project Portal, with post-merger operations unified under the Portal brand.
Portal will retain its original cross-chain gaming and interoperability support while integrating BLIFE’s Bitcoin-based products and ecosystem.
Benjamin Charbit, former game director of Ubisoft’s *Assassin’s Creed IV: Black Flag*, will serve as Portal’s CEO. Leading Web3 investment firm Animoca Brands will provide a new round of funding to back Portal’s reboot and share resources from its game investment portfolio. G-20 is also joining as an ecosystem and strategic partner.
Over the past two years, BLIFE has advanced Bitcoin Web3 infrastructure development: it launched BLIFE.ID (the first on-chain identity protocol for Bitcoin), meme coin trading platform Odin.fun, and acquired Bitcoin L1 cross-chain bridge Beyond in mid-2025. The bridging protocol is set to launch on mainnet
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ZBT, BTC, XRP Temporarily Lead Upbit's 24-Hour Trading Volume Rankings
On December 30, CoinGecko data shows Upbit’s trading volume surged 104.2% over the past 24 hours, totaling $14.18 billion.
The ZBT/KRW trading pair led the KRW market with an 11.11% share of the exchange’s volume, followed by BTC, XRP, ETH and USDT.
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View: The 'Trump Pump' Fails to Support Cryptocurrencies as Market Downturn Erodes Year-to-Date Gains
December 30th – As 2025 winds down, the cryptocurrency market has nearly wiped out all its year-to-date gains. While Bitcoin hit a fresh all-time high of $126,000 on October 6th, the market quickly reversed course, erasing roughly $1 trillion in total digital asset market cap over the past few months.
The turning point came in mid-October when former President Trump announced a trade war escalation, triggering a record $19 billion in crypto market liquidations within 24 hours. Ethereum then plunged ~40% over the next month, and Eric Trump’s crypto firm saw its December market value drop sharply.
Analysts note that despite the Trump administration’s overall "crypto-friendly" stance, the bigger market impact stemmed from the trade conflict, tightening macro conditions, and highly leveraged positions being liquidated. In November, Bitcoin briefly fell below $81,000 — its largest monthly drop since 2021. It’s currently trading around $90,000.
Industry warnings flag a potential new
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Lighter withdrew 32.05 million USDC from the platform to its treasury address, with approximately $7.5 million flowing into the LLP.
On December 30, MLM Monitor reported that Lighter has withdrawn a total of 32.05 million USDC from its platform to a treasury address, with roughly $100,000 still remaining in the platform’s fee wallet.
Of that $32.05 million, approximately $8.6 million has been re-deposited into Lighter since October 16—with around $7.5 million flowing to the LLP (a setup where generated fees are returned to holders, reflected in LLP earnings). This practice is unusual: it has never been publicly disclosed nor mentioned in official documents, and it accounts for roughly 25% of Lighter’s total revenue.
The remaining ~$21.9 million USDC has been transferred to a Coinbase custody address. Lighter also disclosed that its treasury address is hard-coded in the contract as “account 0” (responsible for collecting platform fees) and can be modified via a contract mechanism.
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In the last 24 hours, the entire network has seen $2.99 billion in liquidations, with both longs and shorts getting rekt.
As of December 30, Coinglass data indicates total liquidated value across the crypto market over the past 24 hours hit $299 million—with $160 million in long positions liquidated and $139 million in short positions.
Globally, 96,590 traders were liquidated in the same period. The largest single liquidation occurred on the Hyperliquid platform for BTC-USD, totaling $5.2354 million.
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Insight: 2026 May See 'Crypto Winter,' but Institutionalization and On-chain Transformation Are Accelerating
On December 29, Cantor Fitzgerald noted in its latest year-end report that Bitcoin could be entering a prolonged multi-month downturn, potentially setting the stage for an early "crypto winter" in 2026.
Analyst Brett Knoblauch pointed out Bitcoin has retraced roughly 85 days from its recent peak, with prices likely to remain under pressure—possibly even testing the moving average around $75,000.
Unlike prior cycles, this downturn is less likely to coincide with widespread liquidations or a systemic collapse. Cantor noted the current market is dominated by institutions, not retail investors, and the "divergence" between token prices and on-chain fundamentals is widening—especially in DeFi, tokenized assets, and crypto infrastructure.
Cantor concluded that while 2026 may not necessarily bring a new bull market, the crypto industry’s institutionalization, compliance pathways, and on-chain infrastructure are solidifying as prices cool.
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