[Whale Address wstETH Collateral Position Liquidated Due to ETH Falling Below $2,900] Monitoring data shows that address 0x3ee3…42a6, in a long position using wstETH as collateral to borrow USDC, triggered the liquidation mechanism as ETH fell below $2,900, with a total liquidation amount reaching $6.52 million.
[Crypto Whale Adds 57,725 ETH in a Single Day, Total Holdings Reach $1.21 Billion] On-chain analytics platform Lookonchain data shows that the crypto whale identified as '66kETHBorrow' added 57,725 ETH today, worth approximately $163 million. After the addition, the whale's total ETH holdings reached 432,721 ETH, with a total value of approximately $1.21 billion. Additionally, the address has borrowed a total of $602.6 million in stablecoins on the lending platform Aave.
**[Strong Employment Data Impacts Rate Cut Expectations, International Spot Gold Sees High-Level Volume Turnover]** Affected by strong employment data, rate cut expectations were suppressed, and international spot gold saw volume turnover above $4,000.
[Citibank and Swift Complete Fiat and Digital Currency PvP Settlement Pilot] Citibank and Swift have announced the completion of a Payment-versus-Payment (PvP) settlement process pilot between fiat and digital currencies, validating the interoperability between traditional financial systems and distributed ledger networks. The pilot was based on the existing Swift infrastructure, integrating institutional-grade blockchain connectors, business process coordinators, and smart contracts. In the pilot, Citibank used the test version of USDC on the Ethereum Sepolia testnet to simulate scenarios close to a production environment.
[Lü Zhihong: Hong Kong's Stablecoin Regulatory Framework Covers the Entire Process to Mitigate Risks] Lü Zhihong, a member of the Hong Kong Stablecoin Review Tribunal and the Web3 Development Task Force, stated that stablecoins may face potential risks such as asset allocation, cybersecurity, and smart contracts. However, Hong Kong's regulatory framework already covers the entire process from entry, operation, to exit, aiming to minimize risks as much as possible. The core objective is to ensure the asset security of stablecoin holders. He pointed out that stablecoin prices are relatively stable and are more inclined to be used as payment tools rather than investment products, with the regulatory focus on safeguarding the security of stablecoin holders' assets.
[U.S. Prosecutor Denies Pressuring FTX Executive to Plead Guilty] U.S. prosecutor Danielle Sassoon testified on Thursday at the Federal District Court for the Southern District of New York, denying allegations that she pressured former FTX Digital Markets co-CEO Ryan Salame to plead guilty. Salame had previously admitted to campaign finance violations and operating an unlicensed money transmission business, resulting in a sentence of over seven years in prison. His guilty plea is believed to have impacted the criminal case against his former partner Michelle Bond. Bond's legal team accused the prosecution of 'coercing' Salame into cooperating with the investigation. In her testimony, Sassoon stated that if Salame pleaded guilty, the prosecution 'might not continue investigating his actions,' but she emphasized that the government had neither misled nor coerced Salame into pleading guilty, asserting that her role was not to 'trap or trick others into pleading guilty.'