Huoxun Finance News, February 24th – Sai has launched its perpetual contract trading platform, SaiPerps, which aims to combine the speed and smooth experience of centralized exchanges with transparency and asset self-custody through on-chain settlement. The platform supports gas-free trading, lowering the barrier to entry while fully preserving on-chain security. In addition, Sai has launched a month-long on-chain trading competition, Let'sGoSaicho, running until March 19th, with a total prize pool of $25,000. The event is divided into two phases: the first phase is the PNL competition, rewarding profitable traders; the second phase is a first-come, first-served "BeEarly" phase, rewarding early participants who reach the minimum trading volume.

Huoxun Finance reported on February 24th that the Ethereum Foundation announced it has begun staking a portion of its ETH treasury reserves in accordance with its previously announced treasury strategy. Initially, 2016 ETH were staked, with a planned total staking of approximately 70,000 ETH. The staking proceeds will flow back into the Foundation's treasury. This staking utilizes the open-source software Dirk and Vouch provided by Attestant. It mitigates single-point-of-failure risks through distributed signatures, multi-jurisdictional operations, and a hybrid deployment of self-custody and custody infrastructure. A limited number of clients are used to enhance Ethereum network security, while simultaneously providing financial support for core operational activities such as protocol development, ecosystem growth, and community funding.

Huoxun Finance reported on February 24th that, according to Globenewswire, Tice P. Brown, a major individual shareholder of Nasdaq-listed Bitcoin treasury company Empire Digital, released an open letter disclosing that he has formally rejected a private share buyback offer from management (he personally holds 9.8% of the company's shares). Brown accused the company of prioritizing CEO Ryan Lane's job security over shareholder interests. He demanded Ryan Lane's immediate resignation, the replacement of all board members of Empire Digital Inc., and the immediate sale of all Bitcoins, with the proceeds immediately returned to shareholders. Data shows that Empire Digital currently holds approximately 4,081 Bitcoins, worth approximately $258 million.

In the past hour, total liquidations across the network reached $10.17 million, with $6.16 million from long positions, with $4.01 million from short positions. BTC liquidation $970,001.99, ETH liquidation $2.14 million.

According to Huoxun Finance, on February 24, the onshore yuan closed at 6.8849 against the US dollar at 16:30, up 265 points from the previous trading day.