In the past hour, total liquidations across the network reached $20.60 million, with $1.60 million from long positions, with $19.00 million from short positions. BTC liquidation $2.62 million, ETH liquidation $5.77 million.

According to a Bloomberg report on December 10th, if SpaceX goes public in 2026 with a valuation of $1.5 trillion, Elon Musk's net worth will jump from the current $460.6 billion to approximately $952 billion, with his SpaceX holdings alone valued at $625 billion. This IPO could be Musk's second path to becoming the world's first "instant trillionaire," following Tesla. SpaceX is currently valued at approximately $800 billion and plans to offer $2 billion in employee stock. If completed, the company will regain its title as the "world's most valuable private company."

Odaily Planet Daily reports that Strategy has sent a letter to the MSCI Equity Index Committee urging it to abandon a proposal to ban companies with digital asset holdings exceeding 50% of their total assets from inclusion in its global equity benchmark. Strategy warns that this move would lead to volatile indexes and contradict the US government's policy of promoting innovation in digital assets. Strategy argues that companies holding Bitcoin assets would "drastically in and out" of major indices if Bitcoin prices fluctuate or accounting standards differ, causing confusion for index providers and investors. MSCI counters that digital asset reserves (DATs) like Strategy and BitMine are more like investment funds than traditional operating businesses. Strategy points out that the rule is difficult to apply consistently because IFRS reporting allows companies to price Bitcoin at cost, while US GAAP requires quarterly fair value marking. Strategy is the largest publicly disclosed Bitcoin holder, holding 660,624 BTC, worth nearly $61 billion. JPMorgan analysts estimate that Strategy could face approximately $2.8 billion in passive capital outflows if removed. MSCI is expected to make a final decision by January 15.

Huoxun Finance News, December 10th - According to Fortune, Surf, a crypto AI platform, has completed a $15 million funding round led by Pantera Capital, with participation from Coinbase Ventures and DCG. Co-founded by former UC Berkeley AI researcher Ryan Li, Surf focuses on providing more accurate and "illusion-free" crypto market analysis. Currently, the platform has over 300,000 users and annual revenue in the millions of dollars, with a target of reaching $10 million by the end of 2026. Surf plans to launch its upgraded model, Surf 2.0, in February 2026, further solidifying its leading position in crypto AI.

According to a recent announcement by VanEck, its original "Gaming ETF" will be renamed "VanEck Degen Economy ETF" after the close of trading on April 8, 2026, tracking the "Degen Economy Index." This index covers emerging digital economy sectors such as digital brokerages, cryptocurrency exchanges, iGaming, digital sports betting, BNPL, online forums, and ride-hailing/food delivery platforms. Companies included in the index must derive at least 50% of their revenue from these businesses. This ETF will be the first officially listed fund to bear the name "Degen."