In the past hour, total liquidations across the network reached $27.61 million, with $5.38 million from long positions, with $22.23 million from short positions. BTC liquidation $2.57 million, ETH liquidation $17.76 million.

According to official news from Odaily Planet Daily, the stablecoin yield agreement R2 Protocol has been launched on BNB Chain. It is reported that R2 Protocol is an incubation project of MVB 10, integrating RWA (real-world assets), TradFi (traditional finance) and DeFi (decentralized finance). The core product is the yield-based stablecoin R2USD.

According to Odaily Planet Daily, the Blockchain Recovery Investment Coalition (BRIC), co-founded by GXD Labs and VanEck, announced that BRIC has reached a settlement with Tether regarding the Celsius Network bankruptcy case following litigation proceedings filed in August 2024. Tether has paid $299.5 million to the Celsius Network bankruptcy estate to settle bankruptcy law and related claims filed against Tether in August 2024. The case involved the transfer of collateral and liquidation of Celsius prior to its bankruptcy in July 2022. BRIC was appointed as the complex asset recovery and litigation administrator in January 2024 and currently continues to manage Celsius's non-current assets and litigation assets to facilitate the liquidation. (BusinessWire)

Huoxun Finance reported on October 14th that @tier10k revealed that the US government is seeking to seize approximately 127,271 Bitcoin (approximately $14 billion) suspected to be linked to the 2020 LuBian mining pool theft. Arkham on-chain analysis shows that approximately 127,426 BTC were transferred from the LuBian mining pool address at the time, and the hacker has not moved the funds since. LuBian is a Bitcoin mining pool with facilities in China and Iran. The stolen assets were valued at approximately $3.5 billion at the time of the incident and are now worth over $14 billion. Arkham noted that neither LuBian nor the hacker has publicly commented on the matter. Analysts believe the US may be seeking to seize this large, long-dormant wallet. However, if the wallet is indeed stolen assets, there remains a high degree of uncertainty as to whether the US actually controls the relevant keys.

Huoxun Finance reported on October 14th that the U.S. Attorney's Office for the Eastern District of New York and the National Security Division jointly announced that the U.S. government has filed a civil forfeiture lawsuit for approximately 127,271 bitcoins (currently valued at approximately $15 billion) and confirmed that these funds are now in U.S. custody. The announcement stated that these crypto assets were obtained through fraud and money laundering activities by the defendants and were originally held in non-custodial wallets controlled by them. The U.S. has now obtained the private keys and seized control of the funds. The Department of Justice stated that this is the largest crypto asset forfeiture in U.S. history. Arkham, an on-chain analysis firm, previously revealed that these bitcoins are highly correlated with assets suspected of being stolen from the LuBian mining pool in 2020.