In the past hour, total liquidations across the network reached $16.09 million, with $1.98 million from long positions, with $14.11 million from short positions. BTC liquidation $9.68 million, ETH liquidation $3.34 million.

Odaily Planet Daily reports that Upexi, the US-listed Solana crypto treasury (DAT) company, plans to file for a $1 billion shelf registration with the US Securities and Exchange Commission (SEC) on Form S-3 to raise funds through various securities offerings. Upexi stated that this adjustment will improve the company's fundraising efficiency and reduce overall transaction costs through more flexible timing and pricing mechanisms, thereby supporting its Solana asset management strategy. Currently, the company holds approximately 2 million SOL tokens, making it the fourth-largest SOL holder among publicly traded companies. The potential proceeds can be used for various purposes, including working capital, research and development, and debt repayment. Once the registration statement becomes effective, the company will use the mechanism in accordance with management's judgment, provided it is beneficial to the adjusted value of each Solana share. (CoinDesk)

According to Huoxun Finance on December 23, CoinAnk data shows that in the past 24 hours, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $276 million, including $246 million in long positions and $29.7786 million in short positions. The total liquidation amount for BTC was $102 million, and the total liquidation amount for ETH was $59.6202 million.

According to Lookonchain, Fasanara Capital purchased 6,569 ETH, worth approximately $19.72 million, in the past two days and deposited them as collateral in the Morpho protocol. Subsequently, it borrowed $13 million in USDC to further purchase ETH.

According to a chart released by CryptoRank comparing VC valuations with current market capitalization, most projects have seen their market capitalization shrink significantly compared to their venture capital valuations, reflecting a correction of overvalued valuations following a shift in market sentiment. Data shows that HumanityProtocol, FuelNetwork, and Bubblemaps all had VC valuations of $1 billion, but their current market capitalizations are only $285 million, $11 million, and $6 million, respectively. Plasma, ICNT, DoubleZero, CampNetwork, and Treehouse also have market capitalizations far below their VC valuations, at $224 million, $247 million, $373,000, $15 million, and $16 million, respectively. Furthermore, Everlyn, SoSoValue, Privasea, Bitlight, Momentum, KyoFinance, and Yieldbasis also have market capitalizations lower than their VC valuations, with Everlyn's market capitalization at only $26 million, while its VC valuation is as high as $250 million. CryptoRank reminds investors to calmly assess risks before investing and avoid being misled by market sentiment or hype.