In the past hour, total liquidations across the network reached $39.46 million, with $26.41 million from long positions, with $13.05 million from short positions. BTC liquidation $13.91 million, ETH liquidation $13.94 million.

According to an article published on the X platform by Vitalik Buterin, Odaily's Planet Daily, there has been increased discussion recently regarding the continued role of L2 in the Ethereum ecosystem. Due to the much slower-than-expected progress of L2 into Phase 2, and the ongoing scaling of L1 itself, with a significant increase in gas limits anticipated in 2026, the original vision of L2 as a "branded shard" for Ethereum is no longer applicable, necessitating a new path. Vitalik Buterin points out that L1 no longer needs L2 as a branded shard, and L2 is unable or unwilling to meet the attributes required for true branded sharding. He suggests that L2 should identify value-added aspects beyond "scaling," such as privacy, efficiency for specific applications, extreme levels of scaling, non-financial application design, ultra-low latency, and built-in oracles. If processing ETH or other Ethereum assets, L2 should at least reach Phase 1 and support maximum interoperability with Ethereum. Furthermore, Vitalik Buterin states that he has become more convinced of the value of native Rollup pre-compilations in recent months, especially after acquiring the ZK-EVM proofs required to scale L1. This pre-compilation will make EVM verification without a security committee feasible. He believes that the design of this pre-compilation should be investigated so that it can verify the EVM portion when L2 contains "EVM and other content". This will facilitate secure, robust, and trustless interoperability with Ethereum and enable synchronous composability.

According to Odaily Planet Daily, SharpLink stated in an article on its X platform that despite significant market volatility, SharpLink still generated 482 ETH through staking rewards last week, creating $1.1 million in value for shareholders. SharpLink is committed to maintaining the world's most regulated Ethereum treasury and focuses on generating the highest returns on its ETH holdings with minimal risk.

Odaily Planet Daily reports: U.S. House Speaker Boris Johnson stated that the House will approve legislation on Tuesday to end the brief government shutdown. (Jinshi)

Odaily Planet Daily reports that Ondo Finance announced on its website that Ondo Global Markets has confidentially filed a registration statement with the U.S. Securities and Exchange Commission (SEC). Once effective, this filing will provide global investors with issuer-level disclosures compliant with SEC standards. Ondo Global Markets is currently the world's largest tokenized equity platform, with total assets under management (TVL) exceeding $2.5 billion and cumulative trading volume exceeding $9 billion. Ondo Finance aims to support all major tokenization models, including direct holding, beneficial ownership, and natively tokenized securities, by integrating SEC-registered transfer agents, broker-dealers, investment advisors, and alternative trading systems (ATS). The platform currently offers over 200 tokenized U.S. stocks and ETFs to non-U.S. investors.