In the past hour, total liquidations across the network reached $10.60 million, with $9.69 million from long positions, with $902,267.36 from short positions. BTC liquidation $3.13 million, ETH liquidation $4.35 million.

Huoxun Finance reported on February 25th that Mastercard is hiring a Director for CryptoFlows and Product Management. The role will focus on advancing deposit and withdrawal products between crypto assets and fiat currency, including card issuance, acquiring, sending, and new payment flows. The position will involve market testing in areas such as stablecoins, tokenized assets, and DeFi; designing and launching crypto co-branded cards; and collaborating with card issuers, acquiring institutions, and merchants to explore stablecoin use cases. The role will also require developing product roadmaps, providing sales training, and driving Mastercard's adaptation of franchise rules and risk management processes to Web3 transactions.

Huoxun Finance News, February 25th - According to the Wall Street Journal, the Trump administration is considering using executive orders or other measures to require the U.S. banking system to systematically collect customers' citizenship information. Sources familiar with the matter said the move, led by the U.S. Treasury Department, may require banks to request additional identification documents, including passports, from both new and existing customers as a prerequisite for opening or maintaining a bank account in the U.S. This measure is seen as the latest attempt by the White House to extend its crackdown on illegal immigration into the financial system; specific implementation details and a timeline have not yet been officially announced.

Huoxun Finance reported on February 25th that, according to on-chain data monitoring, after approximately two months of inactivity, Strategy-related wallets saw another significant transaction, with about 1,300 BTC transferred to a new wallet, equivalent to approximately $83 million at current prices. Lookonchain suggests that this operation is most likely simply a reorganization of funds.

Huoxun Finance News, February 25th - US President Trump broke Bill Clinton's record for the longest State of the Union address. The speech lasted over 100 minutes, breaking the previous record of nearly 90 minutes held by Clinton since 1964. In approximately 1 hour and 48 minutes, he touted his economic achievements and defended his various policies and interventions in overseas conflicts. The speech began shortly after 9 p.m. Washington time, coinciding with a crucial moment in Trump's second term: his approval ratings are declining, several of his foreign policy decisions, including threats of military action against Iran, are controversial, and his signature tariff policy was ruled illegal by the US Supreme Court. ① US Economy: Trump stated that the US is stronger, more prosperous, and richer than ever before. "That's not all," he said. "We're going to get better and better. This is America's golden age." ② Stock Market: Trump stated that the stock market hit record highs, with the Dow Jones Industrial Average surpassing the 50,000-point mark ahead of schedule. He also stated that inflation is plummeting, which has depressed core inflation; "Tariffs have boosted the stock market." Furthermore, Trump demanded that Congress pass legislation banning stock trading by lawmakers to ensure they cannot profit from insider trading. ③ Tariffs: Trump stated that the Supreme Court's ruling on tariffs was very regrettable, and most countries wanted to maintain trade agreements reached with the United States before the recent Supreme Court ruling. "Over time, I believe that, as in the past, tariffs paid by foreign entities will largely replace the modern income tax system." ④ International Issues: Regarding Iran, Trump stated, "I prefer to resolve this through diplomatic means." "I will never allow them to have nuclear weapons, I will never let that happen." Regarding Russia and Ukraine, Trump said he was "working very hard" to end the Russia-Ukraine war. He reiterated that if he had been president four years ago when the war broke out, it "would never have happened." Trump also mentioned Venezuela, calling it a new partner and friend of the United States, from which the US has received over 80 million barrels of oil. ⑤ Domestic Issues: Trump stated he would protect housing prices and keep them rising. He stated that mortgage rates were at their lowest in four years, and low interest rates would solve the housing problem. Regarding immigration, Trump stated, "We will always allow immigrants to enter legally." He announced a new retirement plan, saying it would "make it easier for Americans to save for retirement." He also stated that the inflated prices of prescription drugs have ended. Regarding electricity prices, a major concern for the American public, Trump said the old power grid cannot meet the demand and that he has informed large technology companies that they need to generate their own power and build their own factories.