In the past hour, total liquidations across the network reached $10.04 million, with $725,025.06 from long positions, with $9.32 million from short positions. BTC liquidation $728,753.36, ETH liquidation $921,274.86.

Odaily Planet Daily News: According to OKX market data, BTC has broken through 83,000 USDT, currently trading at 83,000.9 USDT, with a 24-hour increase of 1.12%.

Odaily Planet Daily News: Asset management firm Bitwise Asset Management and Hyperliquid Policy Center submitted comments to the U.S. Securities and Exchange Commission (SEC) on Monday, urging revisions to proposed crypto regulations to clarify token classification, airdrop rules, and secondary market trading guidelines. The SEC's proposed Regulation Crypto Assets would establish exemptions for eligible crypto financing and provide conditional safe harbors for tokens associated with investment contracts. Bitwise requested clear standards for fund managers to determine whether tokens are subject to securities laws. Hyperliquid Policy Center called for expanding the safe harbor scope and clarifying rules around airdrops rewarding network participants and token buybacks. The organization also asked the SEC to explain whether unregistered intermediaries can facilitate token transactions and whether tokens can trade freely via on-chain protocols. Former SEC enforcement official John Reed Stark and Duke University finance scholar Lee Reiners urged the withdrawal of the proposal, arguing it exceeds the SEC's statutory authority and undermines investor protection. The SEC will decide whether to modify, adopt, or withdraw the rule after the public comment period ends, with the final rule requiring approval by a committee vote. (Cointelegraph)

Odaily Planet Daily News: Crypto researcher Stacy Muur listed 82 digital asset projects and protocols allegedly shutting down in 2026, including Balancer, Radiant Capital, Neon EVM, and Step Finance, spanning DeFi, blockchain infrastructure, and Web3 gaming sectors. The shutdowns stem from declining revenues, exhausted funding, and security incidents. Bitcoin's price briefly fell below $60,000 earlier this year, marking a significant drop from its all-time high of over $126,000 in October 2025, increasing financial pressure on projects. Blast, an Ethereum Layer-2 network, announced its closure citing the absence of a 'credible economic viability path.' Step Finance shut down following a major treasury vulnerability, while Radiant Capital ceased operations after failing to recover from a 2024 security breach. A DeFiLlama study released in August revealed that 100 crypto projects had announced closures by 2026, with 40 of them occurring within the previous 90 days; the most common reasons were product-market misalignment, followed by depleted funding, insufficient revenue, and pivoting to other products. These projects collectively raised approximately $1 billion in funding and incurred $250 million in total expenses, with nine individual projects securing over $50 million each. (Cointelegraph)

Odaily Planet Daily News: At 03:47 and 03:49 Beijing time, USDC Treasury successively minted two batches of 250 million USDC each on the Solana network, totaling 500 million USDC, worth approximately $500 million. Both transactions were executed by the USDC minting authority address.