In the past hour, total liquidations across the network reached $12.46 million, with $11.18 million from long positions, with $1.28 million from short positions. BTC liquidation $2.74 million, ETH liquidation $6.01 million.

Odaily Planet Daily reports that Bank of America has upgraded Coinbase to a "buy" rating, citing accelerated product expansion, strategic adjustments, and a more attractive current valuation. Bank of America notes that Coinbase's stock price has retreated approximately 40% from its July high, but product momentum is improving in the second half of the year. Bank of America emphasizes that Coinbase is accelerating its expansion into stocks, ETFs, and prediction markets; its Layer 2 network, Base, is seen as a key infrastructure-level growth engine; and Coinbase Tokenize is expected to be a significant catalyst for the tokenization of Real-World Assets (RWAs). With its price-to-earnings ratio down approximately 40% from mid-2024 levels, Bank of America reiterates its $340 price target for Coinbase, implying approximately 38% upside potential, and believes Coinbase holds a long-term industry leadership position heading towards 2026.

Odaily Planet Daily reports that AI data exchange platform Protege has announced the completion of a $30 million Series A funding round, led by a16z, with participation from Footwork, CRV, Bloomberg Beta, and others. This brings the company's total funding to $65 million. Protege supports AI optimization, data cleaning, anonymization, and formatting of licensed aggregated datasets for training/evaluation, and helps data providers earn revenue sharing. (Techfundingnews)

According to Odaily Planet Daily, SOL Strategies, a Nasdaq-listed treasury company, released its December earnings report, disclosing that as of January 6, its total SOL token holdings were approximately 523,134, including 77,043 liquidity staking tokens (jitoSOL) obtained from staking 96,515 SOL. The company also disclosed that it received approximately 925 SOL staking rewards in December.

Odaily Planet Daily reports that Federal Reserve Governor Milan stated he expects a 150 basis point interest rate cut this year to boost the labor market. Describing the constraints of monetary policy, Milan said that the underlying inflation rate is likely to remain around 2.3%, meaning Fed officials still have room for further rate cuts. Milan stated that the underlying inflation rate fluctuating within our target range is a good indicator of the overall inflation trend over the medium term. "About one million Americans are currently out of work, but if they were employed, it wouldn't cause unnecessary inflation," Milan said. He indicated that it is unclear whether he will remain at the Fed after his term ends. Many Fed watchers expect Trump to use Milan's current seat to place his chosen successor on the board. However, if Powell leaves the Fed after his term as chairman ends in May, it may vacate another seat. (Jinshi)