Gate Research: XRP ETF Assets Surpass 1.25 Billion USD ｜ Trust Wallet Browser Extension Vulnerability Discovered

Crypto Market Overview

• BTC (-0.34% | Current Price: 87,371 USDT): Over the past 24 hours, BTC first experienced a clear pullback, with prices dropping rapidly to a low around USD 86,418.2. Supported by buying interest at lower levels, the price then gradually stabilized and began a rebound. During the rebound, BTC once surged to around USD 88,590, but after encountering selling pressure at higher levels, it turned into a choppy pullback. The price is currently trading above USD 87,000. From an overall structural perspective, BTC remains in a technical correction phase within a high-level consolidation. On the upside, attention should be paid to the USD 88,000–88,500 range—only a volume-backed breakout and sustained hold above this zone would give the market a chance to retest previous highs. Overall, BTC has shifted from strong momentum to consolidation in the short term; the trend remains intact, but the pace has clearly slowed.confirmation or breakout-following strategies.

• ETH (-0.88% | Current Price: 2,920 USDT)：Over the past 24 hours, ETH has underperformed BTC. After rebounding to the USD 2,960–2,980 range in the previous phase, the price failed to hold effectively and then fell rapidly, forming a consecutive pullback structure. The lowest point reached around USD 2,888.43, and the price is currently fluctuating slightly around USD 2,900. Structurally, ETH has formed a relatively clear “spike-and-pullback” pattern. If this zone fails to hold, the price may continue to decline toward around USD 2,850. On the upside, resistance is concentrated in the USD 2,950–2,980 range; only by reclaiming and breaking through this area with increased volume can ETH hope to return to a relatively strong consolidation structure. Overall, ETH is currently in a weak recovery phase with relatively high short-term uncertainty.

• Altcoins: Most major altcoins are posting modest gains, with market sentiment leaning toward “neutral” or “buy.” The Fear & Greed Index stands at 20 today, remaining in the Extreme Fear zone, indicating that overall market sentiment has yet to recover.

• Macro: On December 24, the S&P 500 rose 0.88% to 6,932.05 points; the Dow Jones Industrial Average gained 0.60% to 48,731.16 points; and the Nasdaq Composite increased 0.22% to 23,613.31 points. As of 2:57 AM (UTC) on December 26, spot gold is trading at USD 4,505 per ounce, up 0.58% over the past 24 hours.

Trending Tokens

CHEEL – Cheelee (+97.10%, Circulating Market Cap: $54.04M)

According to Gate market data, the CHEEL token is currently priced at USD 0.9755, up 97.10% over the past 24 hours. Cheelee is a Web3-based short-video social platform that converts user attention into quantifiable on-chain value through a “watch-to-earn” model. Its ecosystem token is mainly used for in-platform incentive distribution, advertising settlement, and governance participation, forming a positive feedback loop between content, users, and the token.

Over the past 24 hours, the surge in Cheelee-related tokens has mainly benefited from renewed market attention to the SocialFi sector and increased investor preference for projects with real users and application scenarios. At the same time, ongoing developments in platform user metrics and ecosystem narratives have boosted short-term market sentiment, driving prices higher.

ZBT – ZEROBASE (+62.30%, Circulating Market Cap: $34.59M)

According to Gate market data, the ZBT token is currently priced at USD 0.1553, up about 62.30% over the past 24 hours. ZEROBASE is a decentralized cryptographic infrastructure network that uses zero-knowledge proofs (ZKP) and trusted execution environments (TEE) to enable verifiable off-chain computation. It supports products such as zkStaking, zkLogin, and ProofYield.

This round of gains in ZBT is mainly driven by rotational market interest in low-level infrastructure projects and short-term speculative activity in small-cap tokens. Meanwhile, recent ecosystem progress and increased community activity around ZEROBASE have further strengthened market expectations, pushing prices higher in the short term.

CPOOL – Clearpool (+38.00%, Circulating Market Cap: $35.33M)

According to Gate market data, the CPOOL token is currently priced at USD 0.0413, up about 38.00% over the past 24 hours. Clearpool is a decentralized, institutional-grade unsecured lending protocol that allows institutional borrowers to create on-chain liquidity pools with market-determined interest rates, improving capital efficiency and transparency. Its utility and governance token, CPOOL, is mainly used for protocol governance, liquidity incentives, and shared risk mechanisms. Token holders can participate in key decisions such as parameter adjustments and borrower approvals, jointly supporting the protocol’s long-term stability and development.

Over the past 24 hours, the rise in CPOOL has mainly benefited from a short-term rebound in market risk appetite and rotational interest in the DeFi lending sector. At the same time, as one of the few protocols focused on institutional unsecured lending, Clearpool’s real-yield narrative and governance utility have been more attractive to capital during choppy market conditions, driving a short-term rebound.

Alpha Insights

XRP ETF Net Assets Exceed USD 1.25 Billion, Price Remains Range-Bound

Despite continued institutional inflows via ETFs pushing XRP-related ETF net assets above USD 1.25 billion, price performance remains weak, with XRP trading in a narrow range between USD 1.85 and USD 1.91 for some time. Data shows that institutional investors recently increased holdings by about USD 8.19 million through ETFs, indicating a preference for compliant, structured products rather than directly chasing spot price increases.

From a technical perspective, selling pressure around USD 1.90 has repeatedly capped upside, while buying support continues to appear near USD 1.86, keeping prices range-bound. Overall, ETF inflows provide a medium- to long-term demand base for XRP, but in the short term the market remains in a tug-of-war between bulls and bears. Whether prices can break out of the current range will depend on increased trading volume and effective breakthroughs at key technical levels.

ZachXBT Exposes Trust Wallet Browser Extension Vulnerability; Users Lose at Least USD 6 Million

On-chain investigator ZachXBT recently revealed that some Trust Wallet users suffered asset theft during a security incident, with preliminary estimates placing losses at over USD 6 million. The initial alerts came from community feedback, with multiple users reporting abnormal fund transfers from their wallets in a short period. The timing of the incidents closely coincided with a recent update to the Trust Wallet Chrome browser extension.

Trust Wallet later confirmed that version 2.68 of its browser extension contained a security vulnerability and urged users to immediately stop using that version and upgrade to 2.69. The company stated that users who only use the mobile wallet and other extension versions were not affected, and that the team is continuing to investigate and fix the issue. Against the backdrop of frequent hacks and phishing incidents in the crypto industry, this event once again highlights the potential security risks associated with browser-extension wallets, both in terms of update security and user operations.

BTC ETFs Record Continuous Net Outflows Over the Past Week, Short-Term Sentiment Weakens

According to Farside data, BTC spot ETFs have seen continuous net outflows over the past week, with most trading days recording capital withdrawals. Single-day outflows have repeatedly reached hundreds of millions of dollars, reflecting a phase of increased institutional caution. During this period, even brief inflows into individual products failed to reverse the overall net outflow trend.
Structurally, capital outflows have been more concentrated in leading ETF products, indicating that some institutions are taking profits at high levels or reducing risk exposure. Combined with BTC’s price action, ETF outflows have resonated with choppy downward price movements. In the short term, the market may remain defensive and range-bound. Whether ETFs can return to net inflows will be an important signal for assessing trend recovery going forward.

References

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Gate, https://www.gate.com/trade/GT_USDT
• Gate, https://www.gate.com/price
• Coindesk, https://www.coindesk.com/markets/2025/12/25/xrp-etf-inflows-cross-usd1-25-billion-milestone-but-price-action-muted
• The Block, https://www.theblock.co/post/383442/hilbert-group-bolsters-institutional-crypto-push-with-25-million-enigma-nordic-deal
• Farside, https://farside.co.uk/btc/

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Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.