In the past hour, total liquidations across the network reached $15.74 million, with $1.05 million from long positions, with $14.69 million from short positions. BTC liquidation $5.57 million, ETH liquidation $3.23 million.

According to Odaily Planet Daily, Mohammed Al Shamsi of the UAE National Security Agency stated, "Bitcoin has become a key pillar of the future of finance." (Cointelegraph)

According to Odaily Planet Daily, SolanaFloor stated on the X platform that Solana's DEX trading volume has surpassed all other chains for the 16th consecutive week.

Huoxun Finance reported on December 8th that, according to Ember Data monitoring, a whale/institution that acquired 991,000 SOL four years ago took profits again 20 minutes ago, transferring 100,000 SOL (approximately $13.57 million) to the Binance exchange. Data shows that since unlocking in April of this year, this address has transferred 615,000 SOL (approximately $107 million) to Binance in batches over eight months, at an average price of $175. Currently, the address still holds 733,000 SOL (approximately $99.16 million) and has earned 357,000 SOL in staking rewards over the past four and a half years.

Huoxun Finance reported on December 8th that, according to South Korean media Chosun, the South Korean cryptocurrency exchange Upbit suffered a hacker attack in the early hours of November 27th. Within just 54 minutes, over 104 billion tokens (approximately 44.5 billion Korean won, or about 240 million RMB) were transferred to unknown external wallets. The affected tokens were primarily 24 tokens within the Solana ecosystem, with "BONK" suffering the largest loss, reaching 103.1 billion tokens, accounting for 99.1% of the total loss. In terms of value, Solana suffered the largest loss, at 18.9 billion Korean won, accounting for 42.7%. Although Upbit quickly held an emergency meeting and suspended the transfer of related assets after discovering the anomaly, it did not report the incident to financial regulators until six hours later. Upbit stated that it has compensated users for their losses with its own funds and taken measures to prevent further abnormal transfers. However, due to the lack of clear penalties for virtual asset service providers under current law, regulators find it difficult to directly sanction or enforce compensation. Currently, the Financial Supervisory Service of South Korea is conducting an on-site inspection of Upbit, but it may be difficult to impose a severe penalty.