In the past hour, total liquidations across the network reached $30.66 million, with $4.76 million from long positions, with $25.90 million from short positions. BTC liquidation $11.71 million, ETH liquidation $13.08 million.

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Odaily Planet Daily reports that Coinbase CEO Brian Armstrong, in an interview with TBPN, commented on prediction markets, stating, "Prediction markets are far more than just sports or policy betting; they're actually an alternative to traditional media. They provide real signals from the market, which policymakers can use to determine which policies are best implemented and what would happen if those policies were actually implemented. Prediction markets have a stronger signal than traditional polls; telling the truth has real incentives, while lying has strong economic penalties."

Odaily Planet Daily reports that the US Senate has approved President Trump's nominee Mike Selig to head the Commodity Futures Trading Commission (CFTC), while Travis Hill will lead the Federal Deposit Insurance Corporation (FDIC). Selig will succeed Acting Chair Caroline Pham, playing a key role in cryptocurrency regulation. Previously, in the absence of the permanent chair, Acting Chair Pham had been pushing an aggressive cryptocurrency policy agenda. (Coindesk)

According to Hyperbot, Huang Licheng, known as "Brother Machi," once increased his long position in ETH to 5,100 ETH, but has now reduced it to 5,000 ETH, worth $14.54 million, with a floating loss of $34,000. The liquidation price has dropped to $2,794.2.