In the past hour, total liquidations across the network reached $14.33 million, with $2.35 million from long positions, with $11.99 million from short positions. BTC liquidation $1.61 million, ETH liquidation $664,438.57.

According to data from MSX.COM, the US cloud computing services sector remained active, with NEBIUS rising over 7%, Cerebras Systems rising nearly 5%, and Hut 8 and CoreWeave rising nearly 4%.

Odaily Planet Daily reports that Ondo Perps, a perpetual contract trading platform, has launched a tokenized stock collateral feature. All users can now use Ondo Stocks tokenized shares as margin to support their perpetual contract positions. The feature initially supports tokenized S&P 500 ETF (SPYon) and Nasdaq 100 ETF (QQQon). Ondo states that users no longer need to convert funds into stablecoins or sell existing assets to utilize tokenized shares as productive capital for derivatives trading. Ondo Perps reports that its platform has accumulated over $3.8 billion in trading volume, with traders primarily demanding: equity risk hedging within a single platform; deep liquidity for equity perpetual contracts; lower spreads and less slippage; near-centralized exchange (CEX) execution speeds; 24/7 trading; and leverage up to 20x. Ondo stated that tokenized stock collateralization is a key component of its "productive capital" strategy, aiming to improve the efficiency of tokenized stock capital and gradually bring the liquidity and efficiency of the on-chain stock perpetual contract market closer to that of traditional derivatives markets. Previously, Ondo Stocks pioneered the tokenization of US stock assets, and Ondo Perps further establishes trading and margin mechanisms on top of tokenized assets. Ondo stated that current perpetual contract trading is only part of its larger vision; in the future, it will continue to build on-chain prime brokerage infrastructure covering trading, financing, and margin management, providing a more complete financial services layer for the tokenized asset ecosystem.