In the past hour, total liquidations across the network reached $13.67 million, with $1.69 million from long positions, with $11.98 million from short positions. BTC liquidation $1.31 million, ETH liquidation $5.88 million.

Huoxun Finance News, January 13th - According to GlobeNewswire, Upexi announced a securities purchase agreement with Hivemind Capital Partners to lock up Solana (SOL) in exchange for approximately $36 million in convertible bonds. The bonds are secured by the provided SOL, bear an annual interest rate of 1%, payable quarterly, have a 24-month term, and a fixed conversion price of $2.39 per share, higher than the closing price of $2.12 on the day of signing. Upon completion of the transaction, the relevant SOL will be credited to the company's treasury, and Upexi expects its Solana inventory to exceed 2.4 million bonds. This issuance is a private placement, not a public offering, and the securities are not initially registered in the United States and can only be resold under a valid registration statement or exemption.

Huoxun Finance News, January 13th - According to Bloomberg, OldGlory, an Oklahoma-based crypto-friendly bank, will go public through a SPAC deal with Digital Asset Acquisition Corp., valuing the company at $250 million. This includes $176 million in SPAC funding and at least $50 million in private equity investment. OldGlory aims to fully integrate crypto assets into traditional banking services and plans to list on Nasdaq under the ticker symbol "OGB".

Odaily Planet Daily reports that privacy protocol Zama has announced an on-chain token sale via CoinList and its own auction application, with a fully diluted valuation (FDV) floor price of $55 million. The sale will utilize a sealed-bid Dutch auction structure, distributing 12% of its total token supply of 11 billion. Zama co-founder and CEO Rand Hindi stated that the 12% token sale will be divided into three parts: a 2% community sale to Zama NFT holders this week; an 8% sealed-bid Dutch auction in partnership with CoinList from January 21st to 24th; and a final 2% sale at the auction clearing price from January 27th to February 2nd. CoinList is the distribution partner for the main auction, but the sale is not exclusive to that platform; participants can also bid through Zama's own auction application. The main auction will take place on the Ethereum mainnet with a token floor price of $0.005. (The Block)

In the past hour, total liquidations across the network reached $46.49 million, with $2.78 million from long positions, with $43.71 million from short positions. BTC liquidation $15.14 million, ETH liquidation $20.07 million.