In the past hour, total liquidations across the network reached $12.79 million, with $10.82 million from long positions, with $1.97 million from short positions. BTC liquidation $677,804.18, ETH liquidation $1.22 million.

According to OKX market data, ETH has fallen below 2000 USDT and is currently trading at 1999.23 USDT, a 24-hour drop of 1.35%.

According to an article published on the X platform by The Kobeissi Letter, in May, the stock portfolio favored by retail investors outperformed the stock portfolio favored by mutual funds by 16 percentage points, the largest single-month gap since data became available in 2018. This retail investor-preferred portfolio includes large-cap technology stocks, including the "Magnificent 7" and semiconductor stocks. Previously, in April, retail investors had already achieved an excess return of 14 percentage points, marking the largest combined gap in history for two consecutive months, surpassing the previous record of 13 percentage points set at the beginning of the meme stock boom in late 2020. During the same period, the total amount of money used by retail investors for semiconductor options contracts reached 4.9 times the historical monthly average, a record high, and approximately 25% higher than the previous record before March 2024.

According to Huoxun Finance, the Cardano Foundation announced the cancellation of the Cardano 2026 Summit, originally scheduled for this year, due to the on-chain governance vote failing to reach the two-thirds majority threshold. Previously, the foundation submitted a revised proposal requesting 7.8 million ADA (approximately $2 million USD) from the Treasury to fund the summit in Singapore in October. This proposal received 65.21% DRep staking support and a majority of delegates in favor, but failed to meet the 66.67% threshold for Treasury funding proposals. The foundation's CEO and founders had publicly appealed for support before the voting deadline, but the proposal ultimately failed to pass.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $111 million, of which $61.6996 million were long positions and $49.7262 million were short positions. Specifically, BTC liquidations totaled $8.6954 million ($5.6986 million in long positions and $2.9968 million in short positions), ETH liquidations totaled $10.4279 million ($7.6646 million in long positions and $2.7633 million in short positions), and SOL liquidations totaled $2.5154 million ($2.0019 million in long positions and $0.5135 million in short positions).