In the past hour, total liquidations across the network reached $13.18 million, with $493,800.82 from long positions, with $12.69 million from short positions. BTC liquidation $1.31 million, ETH liquidation $4.14 million.

According to Huoxun Finance on March 16, OKX market data shows that ETH has just broken through $2,100 and is currently trading at $2,106.92 per coin, with a daily increase of 0.62%.

Huoxun Finance reported on March 15th that, according to Jinshi, the International Energy Agency (IEA) issued a statement after receiving implementation plans from member countries. The agency stated that the record-breaking oil release from reserves will be immediately deployed in Asia as Asian buyers rush to fill the gaps in oil supplies disrupted by the Middle East conflict. Oil destined for Europe and the Americas will not be released until the end of March. The IEA stated last week that the global oil market is facing its worst supply disruption in history due to the Middle East conflict effectively blocking the crucial Strait of Hormuz shipping lanes. Asian buyers are most reliant on oil supplies from the Middle East, making the speed of reserve releases particularly critical for the region. IEA Executive Director Fatih Birol stated on the X platform: "This will release an unprecedented amount of additional oil into the market starting March 16th. However, opening the Strait of Hormuz is crucial for restoring stable oil flows." Globally, approximately 72% of the total committed oil release is crude oil, and 28% is petroleum products.

According to Huoxun Finance on March 15th, based on monitoring by on-chain analyst Yu Jin, an address (possibly a hacker?) that received 7400 ETH from Tornado orchestrated tonight's collateral liquidation event for CAKE and THE, resulting in a liquidation shortfall of approximately $2.15 million for Venus (1.18 million CAKE + 1.84 million THE). The hacker, however, obtained approximately $5.07 million from Venus (2,172 BNB + 1.516 million CAKE + 20 BTC). The hacker first received 7400 ETH from Tornado via address 0x7a7...234, then deposited it into Aave to borrow 9.92 million USDT (including USDT, DAI, and USDC) as collateral, before transferring it to multiple wallets to purchase THE. 2. Around 8 PM tonight, the hacker likely manipulated the price of THE on the CEX (presumably having previously placed long orders). Then, through two wallets, they deposited 36.1 million THE into Venus and borrowed assets such as BTC, BNB, and CAKE. 3. 40 minutes later, the price of THE plummeted (likely due to his closing of long positions and opening of short positions). His collateral on Venus was liquidated, further pushing down the price of THE. Ultimately, all collateral in both wallets was liquidated, but approximately $2.15 million (1.18 million CAKE + 1.84 million THE) remained outstanding, becoming a deficit in Venus. In total, he borrowed 9.92 million USDT, but the assets borrowed from Venus were only worth $5.07 million USD. While this doesn't appear profitable on-chain, it's speculated that he manipulated the price drop of THE through on-chain liquidation to profit from his CEX positions.

Huoxun Finance reported on March 15th that Aave released a recap report of the March 12th Swap incident. The report stated that a user attempted to exchange approximately 50.43 million aEthUSDT (worth approximately $50.43 million USD) for aEthAAVE via the integrated CoWSwap routing on its front-end interface. However, due to the transaction size far exceeding market liquidity, the user ultimately only received approximately 327 aEthAAVE, worth about $36,000. Aave stated that the transaction occurred on the third-party protocol CoWSwap and did not affect the security of Aave's core lending protocol. The transaction quote showed a 99.9% price impact, and the interface explicitly warned of a "potential 100% value loss," requiring users to confirm before continuing the transaction. The on-chain execution process showed that the transaction funds were first exchanged for WETH in UniswapV3's USDT/WETH pool, then used to purchase AAVE through SushiSwap's AAVE/WETH pool, ultimately generating approximately 331 AAVE which were deposited into AaveV3 to mint aEthAAVE. Aave stated that the root cause of this incident was the extreme price impact of a large transaction in a low-liquidity market, rather than slippage. As an improvement measure, Aave plans to launch the "AaveShield" protection mechanism, which by default blocks swap transactions where price impact exceeds 25%. Users will need to manually disable this protection to continue high-risk trading. Additionally, this transaction incurred approximately $110,000 in swap fees; Aave stated that if the user contacts them and completes the verification process, they will consider refunding the relevant fees.