In the past hour, total liquidations across the network reached $68.99 million, with $65.40 million from long positions, with $3.58 million from short positions. BTC liquidation $16.28 million, ETH liquidation $14.22 million.

Odaily Planet Daily reports that sports betting and trading platform Fanatics will acquire BGC's federally regulated exchange and clearinghouse to launch and settle its proprietary prediction market business. Fanatics and BGC also plan to develop new market data products that combine prediction market activity with traditional financial market data. This deal puts Fanatics in the prediction market arena, competing with platforms like Kalshi and Polymarket. (CoinDesk)

According to Odaily Planet Daily, shares of Dutch lithography machine manufacturer ASML Holding (ASML) fell more than 7% intraday, currently trading at approximately $1633, following news that a state-owned enterprise had begun mass production of DUV lithography machines. Previously, The Information, citing sources familiar with the matter, reported that a company backed by Chinese state-owned capital had begun mass production of its independently developed DUV (deep ultraviolet) lithography machine manufacturing equipment, marking a significant step forward in China's semiconductor industry's efforts to promote domestic substitution.

According to The Information, citing sources familiar with the matter, a state-owned enterprise in Shanghai has begun mass production of its independently developed DUV (deep ultraviolet) lithography equipment, marking a significant step forward in China's semiconductor industry's efforts to promote domestic substitution. The company plans to produce approximately five DUV lithography machines in 2026 and expand to about 20 by 2027. While this still lags behind the production capacity of Dutch lithography giant ASML (which delivered 131 immersion DUV lithography systems last year), the breakthrough in mass production of domestically produced DUV equipment signifies a further step towards self-reliance and control over China's chip manufacturing supply chain. Sources indicate that these domestically produced DUV lithography machines are planned for delivery to major Chinese chip manufacturers, including SMIC, Hua Hong Semiconductor, and memory chip manufacturer Changxin Memory. Changxin Memory, as a representative of China's DRAM industry, is expected to become a key user of this advanced domestic semiconductor manufacturing equipment. If the domestically produced DUV equipment can operate stably in the production lines of manufacturers like Changxin Memory, it will further reduce China's reliance on key overseas equipment in the memory chip industry. As of press time, Yudu Semiconductor, SMIC, Hua Hong, and Changxin Bank have not responded to requests for comment.