In the past hour, total liquidations across the network reached $11.99 million, with $10.03 million from long positions, with $1.95 million from short positions. BTC liquidation $599,656.61, ETH liquidation $154,076.85.

According to Odaily Planet Daily, the Ethereum gaming network Xai has filed a lawsuit against Elon Musk's artificial intelligence company xAI in the Northern District of California, accusing it of trademark infringement and unfair competition. Ex Populus, the company behind Xai, stated that it has been using the XAI trademark in U.S. commerce since June 2023, including through its blockchain gaming ecosystem and XAI tokens. Therefore, this is a classic trademark infringement case that requires court intervention to remedy. According to the indictment, Ex Populus operates the Xai ecosystem, which includes a blockchain network designed specifically for video games and digital transactions, providing infrastructure supporting game logic, AI-driven decision-making, rewards, and cross-application data management. (Cointelegraph)

According to Odaily Planet Daily, Aave founder Stani.eth has published another post on the X platform addressing the "falsehood" of the WLFI team's claim that Aave will receive 7% of the total token supply. He shared a link to the proposal and stated, "The proposal created by the WLF team has passed and voted on Aave DAO" and "has been ratified by WLF as well." Previous reports indicated that the WLF team's claim that Aave would receive 7% of the total WLFI token supply was false.

Huoxun Finance reported on August 24 that according to OnchainLens monitoring, a whale deposited 4.99 million USDC into Hyperliquid and opened a long position in XPL with 3x leverage.

According to Glassnode data from Odaily Planet Daily, the daily transaction fees of the BTC network have recently dropped to approximately 4.09 BTC, the lowest level in terms of currency standard since the end of 2011.

According to Odaily Planet Daily, Bitcoin mining company Hut 8 has announced a new $1 billion at-the-market (ATM) stock offering, replacing the $500 million plan launched in December 2024. The new funds will be used to expand its high-performance computing and AI data centers. Earlier this week, the company reportedly broke ground on a $2.5 billion AI data center in West Feliciana County, Louisiana. (The Miner Mag)

According to an official announcement from Odaily Planet Daily, OKX plans to adjust the gradient tier rules of the WLFIUSDT perpetual contract from 4:00 PM to 10:00 AM (UTC+8) on August 24, 2025, to further enhance market liquidity.

According to official news from Odaily Planet Daily, Binance copy traders can now customize their copy position holding methods. New features include: copying only when the entry price is better, copying all existing positions, and copying only new positions. This update is being gradually rolled out on the web page and application and will be fully deployed in the next few days.

According to Odaily Planet Daily, Hong Kong Financial Services and the Treasury Secretary Paul Chan stated that Hong Kong's stablecoin has a clear positioning as a delivery tool and another form of legal tender, posing no opportunity for speculation. He urged the public to exercise caution. He added that while payments through the banking system could cost as much as 3%, using a stablecoin could potentially cost as little as 1%, potentially reducing cross-border payment costs and improving economic efficiency. (Hong Kong Radio)

Huoxun Finance reported on August 24th that Binance Alpha will officially launch Alttown (TOWN) on August 26th. Eligible users can claim the airdrop using Binance Alpha Points after Alpha trading opens. Detailed details will be announced later.

Huoxun Finance reported on August 24th that, according to Cointelegraph, the Ethereum-based gaming network Xai has filed a lawsuit against Elon Musk's artificial intelligence company xAI, accusing it of trademark infringement and unfair competition. The lawsuit, filed Thursday in the Northern District Court of California, accuses Musk's xAI company of causing widespread market confusion and damaging Xai's brand. ExPopulus, the Delaware corporation behind Xai, stated that it has been using the XAI trademark in U.S. commerce since June 2023, including through its blockchain gaming ecosystem and $XAI token. "This is a classic trademark infringement case that requires court intervention to correct," the lawsuit states. ExPopulus operates the Xai ecosystem, which includes a blockchain network designed for video games and digital transactions, providing the infrastructure that supports game logic, AI-driven decision-making, rewards, and data management across multiple applications.

According to data from validatorqueue, a validator queue tracking website, the current Ethereum PoS network exit queue is currently at 870,300 tokens, remaining at a high level. At current prices, approximately $4.16 billion worth of ETH is exiting the PoS network, and withdrawal delays have been extended to 15 days and 3 hours. Meanwhile, staking demand for new validators has decreased slightly, with the current entry queue at 143,000 tokens, valued at approximately $683 million, and the current wait time for entry at 2 days and 12 hours.

Huoxun Finance reported on August 24 that according to OnchainLens monitoring, a whale deposited 6.5 million USDC into HyperLiquid and opened a BTC long position with 20x leverage.

Huoxun Finance News, August 24, according to Jinshi Report, on Saturday local time, Musk said on the social platform X that his artificial intelligence startup xAI has open-sourced the Grok2.5 model and plans to do the same for its Grok3 model in about six months.

According to Onchain Lens monitoring, a whale deposited $4.99 million USDC into Hyperliquid and used 3x leverage to open a long position in XPL tokens.

Huoxun Finance reported on August 24th that Binance announced that trading for the FreeStyleClassic (FST) Alpha token will begin at 17:00 (UTC+8) on August 24th. After trading begins, users holding at least 200 Binance Alpha Points will be eligible to claim an airdrop of 800 FST tokens. This airdrop is available on a first-come, first-served basis. The minimum score will automatically decrease by 15 points every hour until the event ends. Claiming the airdrop will cost 15 Binance Alpha Points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, their claim will be deemed forfeited.

Huoxun Finance reported on August 24th that the chain detective ZashXBT listed 81 KOL accounts that are worth blocking. He said: "Blocking these accounts can optimize information flow. All of them are promoting the MEMENETIC pre-sale event."

According to Odaily, UPCX announced that it has signed a basic agreement with PAYCLE Co., Ltd. and NTT Digital Co., Ltd. to jointly advance research and collaboration in cutting-edge technologies, including blockchain. The three parties have agreed to jointly advance research and technology development based on the UPCX blockchain, increase awareness of the UPCX blockchain in the Japanese market, and build a sustainable financial and economic foundation based on decentralized technology. UPCX is a global company focused on optimizing payments and financial services based on high-speed blockchain technology. They are committed to developing an open-source payment system to provide users with a next-generation payment experience.

According to official news from Odaily Planet Daily, Binance Alpha will list Alttown (TOWN) on August 26th. Eligible users can redeem their Binance Alpha Points on the Alpha event page after trading opens. Detailed details will be announced separately.

In the past hour, total liquidations across the network reached $10.73 million, with $10.29 million from long positions, with $437,177.02 from short positions. BTC liquidation $479,013.2, ETH liquidation $1.45 million.