In the past hour, total liquidations across the network reached $16.15 million, with $1.16 million from long positions, with $14.99 million from short positions. BTC liquidation $7.11 million, ETH liquidation $5.07 million.

Odaily Planet Daily reports that Axelar Network, a cross-chain protocol, issued a statement regarding the recent security incident involving Secret Network. The statement clarified that there was a misunderstanding within the community. Neither Axelar nor the Inter-Blockchain Communication Protocol (IBC) was attacked or compromised. The affected token smart contracts were not developed, deployed, or maintained by Axelar, and Axelar's firewall mechanisms prevented the impact from spreading further to other chains. It is understood that the exploited contract was a fork based on CW20-ICS20, but the developers removed two core security checks, leading to an "infinite mint" vulnerability. Because the verification mechanisms originally designed to prevent such issues were removed, the fork altered the original trust model of the contract and was not subject to a new security audit. Axelar Network explained that anyone can deploy contracts for cross-chain asset encapsulation via IBC, and similar contracts have been used to encapsulate tokens from other chains into Secret Network. However, the Secret-side fork version in this incident had a vulnerability due to the removal of critical security checks. This incident was not a unique logical flaw, nor was it a problem with the IBC protocol itself, but rather a security risk introduced by modifications to the third-party contract.

According to data from Hyperbot, as reported by Odaily Planet Daily, the whale "pension-usdt.eth" has just opened another 3x leveraged short position in ETH and is continuing to add to it. It currently holds 8,364.3629 ETH, with a position value of approximately $14.5 million.

Odaily Planet Daily reports that Ubisoft has announced the passing of its co-founder, Claude Guillemot. The official statement reads: "Ubisoft is deeply saddened to learn of the unexpected passing of Claude Guillemot, co-founder of the Group and Chairman of Guillemot Corp. Our deepest condolences go out to his family and friends during this difficult time. No further statements will be made at this time." It is reported that the 69-year-old Claude Guillemot died on Friday in a plane crash in La Baule, a resort town on the French Atlantic coast, where an air show was scheduled to be held this weekend. He was one of two passengers on board the twin-engine Cessna 421 aircraft. Both passengers perished in the accident. (Sina Finance)

According to Odaily Planet Daily, Robert Kiyosaki, author of "Rich Dad Poor Dad," stated that despite the recent decline in gold and silver prices, he will not solely rely on price to decide whether to buy or sell assets. He cited past mistakes, one of which was allowing price to influence investment decisions, emphasizing the importance of focusing on the asset's "environment" and macroeconomic context rather than short-term price fluctuations. He noted that the current poor performance of the global economy could exacerbate problems, and therefore he is monitoring the technical trends of gold, silver, Bitcoin, and Ethereum, waiting for the downtrend to end before buying. He pointed out that the technical charts for gold and silver suggest they may be in the prelude to a significant price increase, but investors should make their own judgments and not blindly trust others' opinions.