In the past hour, total liquidations across the network reached $50.19 million, with $48.03 million from long positions, with $2.16 million from short positions. BTC liquidation $10.14 million, ETH liquidation $30.46 million.

Odaily Planet Daily reports that the "Trump Gold Card" is officially on sale. The US government began accepting applications for the "Trump Gold Card" visa program on December 10th. Individuals need to pay $1 million, and companies need to pay $2 million to obtain US residency. Applicants must also pay an additional $15,000 processing and review fee. In addition, the US government will also launch a "Platinum Card" priced at $5 million; the "Platinum Card Program" is currently listed as coming soon on the US government website. (Washingtontimes)

Odaily Planet Daily reports that Nate Geraci, president of ETF Store, wrote that while the US political arena is still debating whether stablecoins should be allowed to pay interest to users, Tether expects to record $15 billion in profits this year with a profit margin of approximately 99%. Geraci believes this contrast highlights the huge gap between the regulatory discussions surrounding stablecoins and the industry's actual returns.

Huoxun Finance News, December 11th - According to Cointelegraph, Web3 game studio ChronoForge is shutting down after months of operation with a significantly reduced team. This closure highlights the severe financial pressure the Web3 gaming industry is facing during the current market downturn. On Wednesday, the studio announced it would cease all services by December 30th, citing "numerous adverse factors," including a shortage of funds. Since July, the funding shortage has forced the founders to personally fund development, and the number of employees has been reduced by 80%. The team stated that despite the immense financial pressure, they continued to operate, releasing patches and new features, "despite no marketing budget, revenue below maintenance levels, the loss of co-developers, and extremely poor sentiment in the Web3 gaming market." ChronoForge was developed by MintedLootStudios. Its affiliated entity, RiftFoundation, oversaw the game's tokens and ecosystem. The foundation raised over $3 million through the sale of RIFT tokens to support game development. The project launched in 2022 with the release of its first NFT collection and the commencement of early community building work.

According to a report by Cointelegraph on December 11th, digital asset management and infrastructure company Galaxy announced it will establish a new office and business unit in Abu Dhabi as part of its strategy to expand into the Middle East market. In an announcement released Wednesday, Galaxy stated that it will establish an entity under the registry of the Abu Dhabi Global Market (ADGM), the region's international financial center. Galaxy founder and CEO Mike Novogratz stated that this move is part of the company's strategy to expand existing partnerships and business. Prior to this expansion into the Middle East market, Galaxy released its financial results for the third quarter of 2025, reporting net revenue of $505 million and an equity value of $3.2 billion.