Odaily News According to Coinglass data, the entire network had a liquidation of US$88.6373 million in the past hour, of which long positions were liquidated for US$87.8172 million and short positions were liquidated for US$820,100.

Odaily News OKX market data shows that ETH fell below 2500 USDT and is now at 2498.28 USDT, a 24-hour drop of 5.37%. (This newsletter is generated by AI)

Odaily News Ali Yahya, general partner of a16z, said in a post on X: "We are pleased to announce that we have invested an additional $70 million in EigenLayer tokens EIGEN, with a lock-up period. Over the past few years, the EigenLayer team has pioneered a new paradigm for building verifiable and credibly neutral applications."

Odaily News According to Lookonchain monitoring, trader AguilaTrades seemed to be a bit greedy. After increasing his BTC long position to more than $400 million twice, BTC experienced consecutive pullbacks, forcing him to cut his positions: Last week, he made a profit of $5.8 million on his BTC long position but did not cash out, and eventually lost $12.47 million; This week, he made the same mistake again. Yesterday, his floating profit reached $10 million but was not realized, and now he has suffered a floating loss of more than $2.5 million.

Odaily News Coinbase is seeking approval from the U.S. Securities and Exchange Commission to issue blockchain-based stocks in the United States. If approved, the move will allow Coinbase to offer blockchain-based traditional stock trading, which will put it in competition with brokerages such as Robinhood and Charles Schwab. Coinbase Chief Legal Officer Paul Grewal described the move as a "top priority" while revealing that Coinbase is seeking a no-action letter or exemption from the U.S. Securities and Exchange Commission (SEC). Once the letter is obtained, it means that the regulator's staff will not take enforcement action if Coinbase continues to issue tokenized stocks. Paul Grewal declined to disclose whether Coinbase has formally submitted a request to the U.S. Securities and Exchange Commission or provided a launch timeline. (The Block)

Odaily News AltLayer posted on the X platform that the BEP20 → ERC20 cross-chain swap of 200 million ALT tokens has been completed, the total amount of ALT tokens in circulation remains unchanged, and the entire exchange process can be verified on the chain. Previously, due to Binance's growing demand for ERC20 ALT, the exchange's ERC20 ALT liquidity was seriously insufficient, so the Binance team requested AltLayer to assist in converting BEP20 ALT tokens to ERC20 ALT to balance liquidity.