ETH Bulls Face a Bitcoin Roadblock!

Benjamin Cowen said that Ethereum is unlikely to reach new all-time highs if Bitcoin remains under pressure.

Danielle du Toit
December 26, 2025

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Ethereum’s upside may remain limited if Bitcoin stays weak.

Benjamin Cowen said on the Bankless podcast that Ethereum is unlikely to reach new all-time highs if Bitcoin remains under pressure, as ETH rallies are closely tied to Bitcoin’s market structure.
Cowen argued that if Bitcoin is in a broader bear market or extended consolidation phase, Ethereum may lack the macro conditions needed to sustain a meaningful breakout.
The cautious outlook aligns with comments from Peter Brandt, who warned Bitcoin could fall toward $60,000 by the third quarter of 2026.

Trust Wallet confirmed a security incident linked to its browser extension.

Trust Wallet confirmed a security incident affecting version 2.68 of its browser extension, and urged users to immediately upgrade to version 2.69 after reports of funds being drained.
On-chain investigator ZachXBT estimated losses of more than $6 million, and warned on Telegram that hundreds of users were impacted.
Trust Wallet acknowledged the issue in a post on X, stating that it identified the incident, while the exact root cause remains under investigation.

Changpeng Zhao urged the crypto industry to take action against address poisoning scams.

Changpeng Zhao warned that the crypto industry needs stronger, coordinated measures to combat address poisoning scams.
The call came after a single victim lost almost $50 million in USDT, one of the largest address poisoning losses over the past few months, after withdrawing funds from Binance.
According to on-chain data, the loss occurred when the victim copied a lookalike wallet address from transaction history and mistakenly sent 49,999,950 USDT to an attacker-controlled address planted via a prior microtransaction.

Pudgy Penguins lit up the Las Vegas Sphere with animated penguin visuals during Christmas week.

Pudgy Penguins ran animated visuals on the exterior screens of the Las Vegas Sphere during Christmas week, projecting its penguin characters across the LED-wrapped dome.
The NFT project said on X that the animations went live on Christmas Eve, leveraging the Sphere’s high-resolution displays visible across the Las Vegas Strip.
Pudgy Penguins was founded in 2021 and acquired in 2022 by entrepreneur Luca Netz for $2.5 million, and has expanded beyond NFTs into physical toys.

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