The Ripple Stablecoin Tracker flagged two burns tied to the RLUSD Treasury, with the larger burn moving 21,654,950 RLUSD to Ethereum’s address, 0x000. Earlier that day, another transaction burned 150,000 RLUSD, bringing the New Year’s Eve total to $21,804,950 worth of RLUSD removed from circulation — the biggest burn since December 18. The “null address” destination is a classic burn pattern: coins leave the supply and do not reappear in wallets. Practically, such a burn usually signals supply control, redemption activity, or balance-sheet housekeeping, and if RLUSD continues to expand distribution while burns act as a release valve, on-chain narratives can be tracked like a dashboard.
Bitcoin ends the year trading at $88,800, with $80,600 standing out as a lower reference level. Meanwhile, $107,154.99 sits at the top as the bigger “if this comes back, it’s real” area to watch when it comes to reclaiming six figures. The move from $88,800 to $100,000 is about 12.6%, and January has shown an average return of 9.76% with a median of 9.54%. Bitcoin funds have purchased 710,777 BTC since January 2024, while the network has issued 363,047 BTC in the same period, underscoring a demand-versus-supply imbalance that has supported a ~94% rally.
Bitwise argues that Bitcoin can break the old four-year cycle, pointing to the fading impact of halving each cycle, lower rate expectations in 2026, fewer “system shock” blowups after the October 2025 liquidation wave, improving regulation and broader institutional access. The ETF headline matters because the market has historically viewed privacy coins as more difficult to sell in traditional financial settings. A strategy-style filing does not automatically mean spot exposure or guarantee approval; however, it signals to traders that there is a viable route, narrative and buyer base. Bitwise filed for a ZEC Strategy ETF as part of a group of 11 proposed ETFs, alongside names like AAVE, CC, ENA, HYPE, NEAR, STRK, SUI, TAO, TRX, UNI and ZEC.
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