Huang Licheng reduced his Ethereum long positions to 600 ETH, with the liquidation price approaching the market price.

Citi Wealth is currently promoting spot Bitcoin ETFs to its clients, describing them as a way to hold Bitcoin through a brokerage account, alongside stocks and bonds. In the two trading days following the Binance hack, US spot Bitcoin ETFs saw outflows of approximately $1 billion. Matthew Sigel of VanEck stated that the hack delayed the launch of Citigroup's Custody+ Bitcoin custody service; Citigroup has not confirmed this claim or announced a specific launch date for the service.

U.S. defense technology company Shield AI plans to acquire radar sensor company Echodyne for $5.3 billion, a deal that includes $4.8 billion in cash and equity, and $500 million in milestone payments. Shield AI also raised $2.5 billion in new funding to support its acquisition, including a $1 billion structured equity financing from Blackstone Group and a $500 million debt financing from JPMorgan Chase. Together with its previously completed $1 billion Series H funding round, Shield AI's valuation will reach $28.8 billion, more than double its $12.7 billion valuation in March. This funding will be available upon completion of the acquisition. (Source: Bloomberg)

Microsoft is increasing its oversight of some data center projects with new cloud companies such as Nebius, IREN, and Nscale, abandoning risky projects and internally discussing whether to sign new cloud service agreements. Some recent issues relate to cabling at IREN's data center in Texas, where the two parties negotiated revised timelines last week, delaying completion by several weeks or months. A Microsoft spokesperson stated that adjusting plans as needed is standard practice in managing large infrastructure projects; IREN declined to comment. IREN transitioned from cryptocurrency mining to AI in 2023. Shares of both IREN and Nebius fell approximately 20% on Thursday. (Source: Bloomberg)

A trader suffered eight consecutive liquidations, losing a total of 201 BTC, worth approximately $15.6 million. (Lookonchain)

An address was liquidated 8 times in a row, involving a total of 201 BTC, worth $15.6 million.