Due to the volatility in the crypto market, Huang Licheng's 25x Ethereum long position was partially liquidated, resulting in the liquidation of 136 ETH. Huang Licheng then urgently added to his position, increasing it to approximately 530 ETH, which is currently still showing a paper loss. The liquidation price for this position is $2200, only $35 away from the current Ethereum price of $2235.

The whale address 0x7d6...841b, which subscribed to 1 million ETH in the 2015 ICO, bought 2,221 ETH in the past 8 hours at an average price of $2,248, for a total value of $4.99 million. The entity currently holds over 122,000 ETH on-chain, with a total value exceeding $272 million.

The Reth client has a correctness vulnerability affecting multiple EVM chains. This vulnerability involves the OP Stack network, and no exploitation or financial loss has been found so far. BNB Chain stated that opBNB does not use op-reth, and the vulnerability has a limited impact on BSC-Reth. The team is developing a fix and monitoring network security; developers or users do not need to take any action. (Source: Crypto.news)

The Democratic Party plans to use congressional oversight power over the next two years to pressure the Trump administration in five areas: government investigations, fiscal budget, Iran policy, artificial intelligence regulation, and cryptocurrency legislation. In the cryptocurrency arena, Democratic efforts to establish a regulatory framework for the crypto market have stalled, primarily because senators and the White House have failed to agree on ethical provisions related to politicians’ crypto businesses. Provisions restricting conflicts of interest in President Trump’s personal cryptocurrency business have made the prospects for legislation similar to the CLARITY Act uncertain. In the House of Representatives, Maxine Waters is expected to become chair of the Financial Services Committee, a position challenged by Sean Casten; in the Senate, Elizabeth Warren will become chair of the Banking Committee, and Sherrod Brown will return to the Senate, indicating that the crypto industry faces legislative obstacles. Regarding AI regulation, Democrats plan to intensify investigations into AI companies and their CEOs, focusing on data center construction, risks of advanced AI models, and the technology's impact on the job market. On Iran policy, Democrats plan to use defense spending, congressional investigations, and war powers resolutions to counterbalance the Trump administration. (Source: Bloomberg)

Quantitative trading giant Hudson River Trading has started trading on the prediction market platform Kalshi, primarily involved in the trading of contracts for both price increases and decreases. Hudson River Trading also participated in Kalshi's latest $1 billion funding round, which valued the company at $40 billion. (Source: Bloomberg)