In the past hour, total liquidations across the network reached $11.25 million, with $9.83 million from long positions, with $1.42 million from short positions. BTC liquidation $3.89 million, ETH liquidation $2.97 million.

According to Huoxun Finance, Binance saw a net inflow of 30.3436 million USDT in the past hour.

According to Huoxun Finance, Binance saw a net inflow of 163 million USDT in the past 24 hours.

Huoxun Finance reports that the U.S. Treasury Department has officially launched the implementation process for the GENIUS Act on stablecoin innovation, issuing a notice of proposed rulemaking—the first implementing regulation of the act, totaling 87 pages, with a 60-day public comment period. According to the GENIUS Act, issuers of payment stablecoins with a total issuance not exceeding $10 billion can choose to accept state-level regulatory systems, provided that the state's regulatory framework is "substantially similar" to the federal regulatory framework. The U.S. Treasury Department will use this notice to establish broad principles for determining "substantially similar."

In the past hour, total liquidations across the network reached $21.08 million, with $1.71 million from long positions, with $19.37 million from short positions. BTC liquidation $614,391.17, ETH liquidation $2.10 million.