SOL breaks through the $220 mark

[Hong Kong Security Bureau Establishes Virtual Asset Intelligence Task Force to Promote Payment Suspension Mechanism Against Fraud] Hong Kong Security Bureau Chief Chris Tang Ping-keung stated that with the increasing number of fraud cases involving virtual assets, the Security Bureau has established a Virtual Asset Intelligence Task Force and is collaborating with relevant virtual asset platforms to create a 'payment suspension mechanism.' Tang pointed out that some fraud methods have shifted from traditional bank transfers to virtual asset platforms, and virtual asset service providers need to establish mechanisms similar to those of banks. Once fraudulent activity is detected and the funds remain on the platform, the relevant funds should be immediately frozen to prevent further losses. This initiative aims to strengthen efforts to combat crimes related to virtual assets.

Binance BNB/USDT is currently trading at $999.49, with a 5-minute increase of 0.03%. Please be aware of market fluctuations.

[Matrixport: Low ETH Trading Volume May Increase Forced Liquidation Risk] According to a report by Jinse Finance, Matrixport stated that despite a favorable macro environment, Ethereum's current trading volume has significantly declined, which may heighten the risk of forced liquidations. Data shows that the open interest for ETH remains at the $14.6 billion level, while trading volume continues to be sluggish. Analysts warn that under the backdrop of rising U.S. Treasury yields following the Federal Reserve's FOMO meeting, market pressure is further intensifying. If the price breaks below key technical support levels, it could trigger a chain of stop-losses, leading to rapid deleveraging. Investors are advised to manage risk exposure and maintain a cautious stance.

[Whale Address Adds 3,372 ETH Long Positions, Total Holdings Approx. $29.83M] According to HyperInsight monitoring, the whale address starting with 0x8fc added 3,372 ETH long positions, increasing its holdings by approximately $14.13M. The current liquidation price is around $4,029.4. The total holdings of this address are approximately $29.83M, including $14.87M in BTC long positions and $14.13M in ETH long positions.

Binance SOL/USDT is currently trading at $220.11, with a 5-minute increase of 0.39%. Please be aware of market fluctuations.