MyToken Short-Term Trading Assistant just detected a sell signal of ETH/USDT at UTC/GMT 14:00:00 pm, Feb. 18, with the sell price at 1970.68 USDT. According to the analytical result from Short-Term Assistant, recently ETH is going weak and showing a downtrend. The next resistance level above is 2033.36 USDT. To learn about more trading signals, please go to「MyToken - Assistants - Trading Assistants」💡

In the past hour, total liquidations across the network reached $10.17 million, with $8.98 million from long positions, with $1.19 million from short positions. BTC liquidation $612,237.38, ETH liquidation $2.51 million.

Odaily Planet Daily reports that Hyperscale Data, a Bitcoin treasury company listed on the NYSE American (a subsidiary of the New York Stock Exchange), has announced a strategic silver reserve program. The program aims to acquire 100,000 ounces of silver over a period of time, with the goal of strengthening its balance sheet in the long term, similar to its Bitcoin holdings. According to the latest data from Hyperscale Data, the company's total Bitcoin holdings have increased to approximately 600 BTC, including approximately 554 BTC held by its wholly-owned subsidiary Sentinum, and approximately 46 BTC purchased from the open market by another subsidiary, ACG. (PRNewswire)

Odaily Planet Daily reports that DeFi lending protocol Moonwell issued an official statement regarding the $1.78 million in bad debt caused by a previous oracle configuration error. The statement confirmed that a serious error in oracle configuration caused the system to calculate the cbETH price incorrectly, using only the cbETH/ETH exchange rate instead of the expected price. This resulted in a cbETH price of approximately $1.12 instead of the true market price of approximately $2200. The erroneous price triggered a liquidation bot to liquidate cbETH collateralized positions. The attacker only needed to repay approximately $1 of debt to liquidate 1 cbETH, leading to the liquidation of a large number of borrowers' collateral and creating substantial bad debt. A small number of users also exploited the abnormal pricing to borrow large amounts of cbETH with extremely low collateral, artificially amplifying the protocol's bad debt. Ultimately, a total of 1096,317 cbETH was liquidated, most of which was cbETH-denominated bad debt. Because oracle repair requires a five-day governance vote and time-lock process, liquidation continues during this period. The relevant governance proposal for repair is currently planned for release.

According to Huoxun Finance on February 18, GMGN monitoring shows that Binance founder Changpeng Zhao has unfollowed KOLENHeng (@EnHeng456) and Phyrex (@PhyrexNi).