In the past hour, total liquidations across the network reached $10.14 million, with $439,820.72 from long positions, with $9.70 million from short positions. BTC liquidation $5.83 million, ETH liquidation $1.70 million.

According to Yonhap News Agency, Samsung Electronics' labor and management will begin a second round of post-incident mediation at 10:00 AM local time on the 18th. Previously, the labor side had announced an 18-day general strike starting on the 21st, making the possibility of reaching an agreement through mediation to resolve the conflict and avoid a strike a major concern. Under the mediation of the Central Labor Committee of the Ministry of Employment and Labor, labor and management held marathon negotiations from the 11th to the early morning of the 13th, but failed to narrow the gap on performance bonus payment standards, leading to a breakdown in negotiations. The committee requested on the 14th that labor and management restart negotiations on the 16th, but this was refused. This time, both sides accepted the mediation request, and negotiations will resume after a five-day hiatus. Samsung Electronics Chairman Lee Jae-yong returned to South Korea on the 16th after an overseas business trip. Upon arriving at the Gimpo Business Aviation Center in Seoul, he called on labor and management to return to the negotiating table. Lee Jae-yong stated that at this moment, they should unite their strength and move in the same direction, and once again exert their utmost efforts to truly be proud to be "Samsung people." Minister of Employment and Labor Kim Young-hoon also met with representatives from both labor and management on the 15th and 16th respectively to explain the government's position and coordinate opinions. (Kim Shi)

According to Huoxun Finance, Thai authorities raided a suspected illegal Bitcoin mining site. Enforcement officers searched a four-story commercial building after abnormally high power consumption caused nearby building cables to overheat and melt. The investigation revealed that the site was suspected of illegally connecting to the main power grid to power multiple Bitcoin mining machines on the fourth floor, resulting in an estimated power loss of over $80,000, while its registered monthly electricity bill was only about $11. Police have seized the mining equipment and are conducting further investigations into those involved.

Samsung Electronics and its South Korean labor union will resume wage negotiations next Monday with the participation of government mediators, a move that may alleviate market concerns about a potentially destructive strike by the tech giant. "A single day's shutdown of Samsung Electronics' semiconductor plants is expected to cause direct losses of up to 1 trillion won (approximately US$668 million)," South Korean Prime Minister Kim Min-seok said on Sunday after an emergency meeting with ministers. "More worrying is that a short-term shutdown of semiconductor production lines could lead to months of production disruptions." Kim added that if the strike results in the disposal of materials, the market fears the economic losses could extend to as much as 100 trillion won. Under regulations, if the South Korean government determines that a labor dispute may harm the economy or people's livelihoods, the Minister of Labor can issue an emergency arbitration order. This order immediately halts industrial activity for 30 days, while the National Labor Relations Committee initiates mediation and arbitration. This measure is rarely used. (Jin Shi)

According to Huoxun Finance, HyperInsight monitoring shows that Maji aggressively increased his positions after depositing $250,000 last night, bringing his total holdings to nearly $14 million. His Ethereum long positions are only 3% away from their liquidation levels, specifically: 5250 ETH long positions at 25x leverage (liquidation price $2125.2); 25 ETH long positions at 40x leverage (liquidation price $65087); and 7200 HYPE long positions at 10x leverage. With the market decline, his cumulative losses on Hyperliquid contracts have reached $30.31 million.