In the past hour, total liquidations across the network reached $22.00 million, with $20.31 million from long positions, with $1.69 million from short positions. BTC liquidation $14.97 million, ETH liquidation $1.42 million.

According to OKX market data, BTC has fallen below 80,000 USDT and is currently trading at 79,980 USDT, a 24-hour drop of 2.01%.

MyToken data monitoring shows that on 【May 13th, 24:42】 (Beijing Time), an address starting with 【0x55fe】 transferred 【90000000 USDC】 to an address starting with 【0xa0b8】, with a total value of approximately 【90.00 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

According to Odaily Planet Daily, Bitwise Chief Investment Officer Matt Hougan stated that privacy is becoming a core infrastructure direction for the next stage of the crypto industry. Recently, three institutional-grade blockchains focusing on stablecoins and asset tokenization—Arc, Canton, and Tempo—have collectively raised over $1 billion, demonstrating a rapidly increasing institutional demand for "privacy-friendly on-chain financial systems." Specifically, stablecoin issuer Circle raised $222 million for Arc, valuing it at approximately $3 billion; Digital Asset's Canton blockchain is reportedly seeking $300 million in funding at a $2 billion valuation; and Tempo, backed by Stripe and Paradigm, previously completed a $500 million funding round, reaching a valuation of $5 billion. Hougan points out that this funding boom reflects three major trends: a gradually clarifying US regulatory framework, increased institutional demand for on-chain privacy, and intensified competition from new blockchain networks backed by large enterprises. Currently, public blockchains still face structural trade-offs between speed, cost, security, and privacy. Stablecoins and RWA tokenization scenarios require systems to simultaneously possess high performance, compliance, and privacy capabilities, making "verifiable privacy" a crucial prerequisite for institutional adoption of on-chain finance. Hougan further states that for enterprises, "all transactions being publicly broadcast" is not an advantage but a potential drawback; in the future, users and institutions may find it increasingly difficult to accept a completely transparent on-chain financial environment. He believes that privacy capabilities have the potential to become the "killer app" driving the crypto industry into the next stage of mainstream adoption. Furthermore, the passage of the US Genius Act in 2025 will significantly enhance regulatory certainty, providing a clearer policy foundation for institutional funds to enter the crypto infrastructure sector. (CoinDesk)

MyToken data monitoring shows that on 【May 13th, 24:39】 (Beijing Time), an address starting with 【0x55fe】 transferred 【90000000 USDC】 to an address starting with 【0xa0b8】, with a total value of approximately 【90.00 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/