News

According to ChainCatcher, the Crypto Fear and Greed Index shows that market sentiment has remained in the extreme fear zone for 14 consecutive days. On December 26, the index dropped to 20 points, marking one of the longest periods of fear since the index was launched in February 2018.

BlockBeats News, December 26th, according to Coinglass data, the current mainstream CEX, DEX funding rates show the market has once again shifted to a full bearish outlook. The specific funding rates for major coins are as shown in the attached image. BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

PANews reported on December 26 that on-chain detective ZachXBT revealed on X that an account impersonating a Trust Wallet vulnerability victim is actually a scammer. The account has changed its username more than 44 times, participated in multiple meme coin scams, has a very low post count, and preemptively blocked ZachXBT himself. The scammer aims to gain attention and engagement by exploiting the incident. Users are reminded to be wary of false victim narratives.