Ethereum News Today: ETHFI Surges on Binance Inflow as MEXC Launches $1M Incentive Campaign

A major Ethereum-linked investor deposited 900,000 ETHFI tokens into Binance on December 21, 2025, worth approximately $738,000. This brings the total ETHFI sent to Binance from the same wallet to 31.28 million tokens, valued at $36.58 million. The deposit highlights renewed activity in the ETHFI ecosystem and growing adoption of the token on major exchanges.

Binance has become a key hub for ETHFI liquidity, with recent campaigns and trading incentives drawing attention to the asset. The movement of large token quantities often influences market dynamics and signals potential for further trading activity. Analysts are watching how this activity interacts with broader market trends in the coming weeks.

MEXC recently launched a $1 million ETHFI campaign with zero-fee trading, staking rewards, and bonus distributions. The campaign targets both new and existing users through multiple events, including a 200% APR offer for new users staking weETH. These promotions underscore growing institutional and retail interest in ETHFI and reflect broader efforts to drive token adoption.

Zero-fee trading applies to ETHFI spot and futures pairs, with some restrictions in specific regions. Users can also earn through staking, task completion, and trading volume incentives. MEXC's campaign aligns with the recent ETHFI liquidity inflow into Binance and reinforces the token's position in the fast-moving DeFi space.

ETHFI's rising profile is also linked to new educational initiatives in the blockchain space. Binance Academy and Marlin Foundation recently launched a free technical course on TEE coprocessors, focusing on secure computing for Web3 and AI applications. TEEs, used by major tech firms like Apple and Google, offer a new layer of privacy and scalability for decentralized systems. The course highlights how TEEs can support more complex blockchain applications without sacrificing security or transparency.

The course is open to both Web2 and Web3 developers, aiming to bridge infrastructure gaps in the decentralized space.

Practical applications include verifiable AI inference and high-performance DeFi systems. The final project requires students to build a real-world AI-powered job-matching application on the BNB Chain, demonstrating the scalability and security of TEE-based solutions.

Market analysts remain cautious about broader crypto trends amid recent volatility. Bitcoin and Ethereum faced sharp price swings this week, triggering over $400 million in liquidations. The movements were attributed to algorithmic trading and potential market manipulation, according to some observers. Bitcoin ETFs have also seen significant outflows, with Ethereum ETFs extending their decline. These trends reflect broader risk-averse sentiment across the market.

XRP, however, has shown resilience with continued inflows into spot ETFs. This divergence suggests mixed signals in the market, with some altcoins gaining institutional traction while major coins face selling pressure. Analysts are watching how Ethereum ETF flows evolve as the year ends, with macroeconomic uncertainty and regulatory developments shaping the outlook.

Investors in ETHFI and related tokens are monitoring both token-specific movements and broader market conditions. The combination of high-yield incentives, growing exchange listings, and educational advancements in blockchain infrastructure presents a complex picture for traders. The coming weeks may offer clarity on whether ETHFI's recent inflows into Binance will drive a broader bull case or serve as a short-term liquidity boost.