In the past hour, total liquidations across the network reached $11.99 million, with $5.00 million from long positions, with $6.99 million from short positions. BTC liquidation $6.37 million, ETH liquidation $2.60 million.

A new study by the Cambridge Centre for Alternative Finance, reported by Odaily, shows that approximately 31% of Ethereum node activity is located in the United States, and another 39% is distributed across the European Union (excluding the UK), indicating that the geographical distribution of Ethereum nodes remains relatively concentrated in Western countries. Alexander Neumuller, the study's lead researcher, stated that while node distribution is not currently concentrated in a single country, it primarily relies on a few cloud service providers, including Hetzner, Amazon AWS, and OVH. It's noteworthy that the Ethereum network doesn't require half of its validators to fail to cause problems; when more than one-third of the validators are offline simultaneously, the network may be unable to complete block checkpoint finalization. Neumuller points out that there isn't a one-to-one correspondence between nodes and validators; a single node may run multiple validators, making it currently impossible to accurately determine the actual impact of a single node or service provider failure on the validating network. Furthermore, the study also reassessed the energy consumption following the Ethereum Merge. Data shows that Ethereum's current annual energy consumption is approximately 7.9 GWh, equivalent to about 1 megawatt of continuous power, only about 0.02% of pre-merger levels, representing a 99.98% reduction in energy consumption. Currently, the Ethereum network uses over 56% sustainable energy, higher than the global average. The study also points out that client software concentration is a potential risk; if a dominant client becomes vulnerable, it could affect a large number of network participants. This report was published by the Cambridge Centre for Alternative Finance, with support from the Ethereum Foundation. (The)

Odaily Planet Daily reports that Morgan Stanley's online investment platform, E*TRADE, has announced the launch of its cryptocurrency spot trading function. Eligible clients can now directly buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) through the E*TRADE platform. This cryptocurrency trading service is powered by digital asset infrastructure provider zerohash. Users can trade through their linked zerohash accounts and view both digital assets and traditional portfolios within the E*TRADE platform. E*TRADE stated that the cryptocurrency spot trading fee is priced at 50 basis points (50 bps), and asset transfer functionality is expected to launch later this year. This launch marks a further step in Morgan Stanley's digital asset strategy. Previously, ETRADE had continuously upgraded its investment services, including launching retirement planning tools, fractional share trading, upgrading its IPO center, and optimizing the Power ETRADE Pro feature for active traders. (Businesswire)

Odaily Planet Daily reports that Injective has submitted a transfer agent registration application to the U.S. Securities and Exchange Commission. Transfer agents are responsible for maintaining official ownership records of securities and processing transfer changes; in traditional markets, this function is typically maintained off-chain by specialized institutions. This application aims to migrate this core market function on-chain, making the token itself a record of ownership, thereby enabling the registration and transfer of tokenized securities within seconds, reducing intermediary verification steps.