2025 Full Year United States Ethereum Spot ETF Total Net Inflow: $96.863 Billion

**Update: Prediction Market Oracle Incident (Jan 1)** The Prediction Market Oracle Opinion encountered an issue on January 1 due to "Context Contamination" of its AI Oracle during the open-source indexing phase—mass misinformation fed to the system caused significant deviations in prediction results. The team has shared the latest updates: 1. **Full Compensation for Affected Users** All impacted users will receive full compensation. The team is currently aggregating and verifying data, with distribution to be completed as soon as possible. Specific timeline details will be shared separately. No action is required from users—compensation will be automatically credited. 2. **System Optimization (Completed)** Root causes of the context contamination have been identified and resolved. This fix will boost the AI Oracle’s accuracy and self-correction capabilities. 3. **Additional Audit Mechanism (Implemented)** Going forward, all market settlements will include ext

As of January 1st, Coinglass data indicates cumulative net outflows from centralized exchanges (CEXs) totaled 3,347.33 BTC over the past 24 hours. The top three CEXs by outflow volume are: - Binance: 2,736.11 BTC outflow - Kraken: 1,439.79 BTC outflow - Gate: 350.26 BTC outflow Additionally, Bybit led inflows among CEXs with 675.35 BTC.

On January 1, a16z Crypto released its latest New Year’s predictions, stating that 2026 will be a pivotal year for the deep integration of cryptographic technology with finance, the internet, and the legal system. Its 17 outlined trends signal the crypto industry’s shift from “transaction-driven” to “infrastructure-driven.” Key takeaways include: - Stablecoins will gain more efficient fiat on/off-ramps, driving upgrades to banking ledgers and payment systems; - Real-world asset (RWA) tokenization will evolve in a more “native crypto” manner, with stablecoins serving as key infrastructure; - Crypto is reshaping wealth management, moving beyond ultra-high-net-worth individuals to a mass-market approach; - Privacy is viewed as the crypto space’s most critical long-term moat; - Decentralization, quantum-resistant communication, and new paradigms like “Secrets-as-a-Service” will emerge; - AI will be widely adopted in serious research scenarios, with “Know Your Customer (KYC)”

January 1 — The UK and more than 40 other countries have adopted new cryptocurrency tax rules as of January 1, per the Financial Times. Under the OECD’s Crypto Asset Reporting Framework (CARF), major crypto exchanges must gather full transaction histories for UK users and submit their transaction activity details and tax residency status to the UK’s Her Majesty’s Revenue and Customs (HMRC). The UK is among the first 48 countries to adopt the framework. As part of the arrangement, HMRC will automatically share relevant information with EU member states, Brazil, the Cayman Islands, South Africa, and other participating nations starting in 2027. In total, 75 countries have committed to adopting CARF, with the U.S. set to implement it in 2028 and begin information exchange in 2029.

### Coinglass Data (Jan 1): Bitcoin’s Critical Liquidation Levels - If Bitcoin **breaks above $89,000**, cumulative short liquidation intensity across major centralized exchanges (CEXs) hits **$554 million**. - Conversely, if Bitcoin **falls below $86,000**, cumulative long liquidation intensity across major CEXs reaches **$856 million**. ### BlockBeats Note Liquidation charts do **not** show the exact number or value of contracts being liquidated. Instead, bars represent the **relative importance** of each liquidation cluster compared to neighboring clusters (i.e., "intensity"). In short: Higher bars signal a more intense market reaction (driven by liquidity cascades) when Bitcoin hits that price level.

**Coinbase’s Duong: ETFs, Stablecoins, Tokenization to Fuel Crypto Mainstream Adoption in 2026** January 1, Coinbase Investment Research Director David Duong noted that ETFs, stablecoins, tokenization, and clearer regulation will create a **stacking effect** in 2026, further accelerating mainstream crypto adoption. He pointed out 2025 milestones: spot ETFs opened a compliance gateway, corporate crypto asset treasuries emerged, and stablecoins/tokenization deepened integration into core financial processes. By 2026, accelerated ETF approvals, expanded stablecoin roles in DvP (Delivery vs. Payment), and broader tokenized collateral acceptance will **reinforce these trends**. On regulation: The U.S. clarified stablecoin rules and market structure via the GENIUS Act, while Europe advanced its MiCA framework—providing clearer **policy guardrails** for institutional entry. Duong argues this marks a key stage in crypto’s shift from a niche market to global financial infrastructure.