In the past hour, total liquidations across the network reached $10.01 million, with $3.74 million from long positions, with $6.26 million from short positions. BTC liquidation $2.05 million, ETH liquidation $3.32 million.

Odaily Planet Daily reports that Federal Reserve Chairman nominee Warsh stated that if appointed and appointed to lead the Fed, he will push for comprehensive policy reforms. Warsh told a Senate committee, "In my view, the Fed needs fundamental policy reform. The missteps in dealing with inflation during the COVID-19 pandemic demand such reforms, and I think this means a shift in how policy is implemented. I think this means a different, entirely new inflation framework." Warsh stated that we need new tools, we need new ways of communicating, mentioning forward guidance, economic projections, and the dot plot. He said the Fed should wait until its meetings to issue statements because projections can hinder decision-making. (Jinshi)

Odaily Planet Daily reports that Pakistan's Information Minister stated they are still awaiting a formal response from Iran confirming the participation of their delegation in the Islamabad peace talks. (Jin Shi)

Odaily Planet Daily reports that crypto law firm Burwick Law has filed a federal class-action lawsuit in the Southern District of New York against Walters, the creator of AI16Z and ELIZAOS, and other defendants, accusing them of violating consumer protection laws, false advertising, and unjust enrichment. Legal documents show that the defendants are accused of using the Andreessen Horowitz brand reputation to package the project and issuing the AI16Z token on Solana on October 24, 2024, later renamed ELIZAOS. The complaint alleges that the project claimed to have an AI agent capable of autonomous investment, but in reality, it was operated manually and generated no revenue during the litigation period. On January 2, 2025, the token price reached an all-time high of approximately $2.47, with a market capitalization exceeding $2.6 billion, before subsequently falling due to large-scale selling. On-chain data shows that the most profitable traders realized approximately $39 million in profits.

According to Odaily Planet Daily, Spark Strategy Director MonetSupply stated in an article on the X platform that Aave has decided to lift the market freeze on Ethereum Core WETH. Under the current interest rate model, LST/LRT holders can execute high-leverage cyclical strategies using assets such as weETH, taking advantage of the approximately 0.5% discount to the weETH market price and Aave's ETH borrowing rate cap of 5.15%, to obtain an annualized return of approximately 45%. Currently, the market utilization rate of aEthWETH has reached 100%, making it even more difficult for ordinary depositors and stablecoin borrowers to exit or refinance from aWETH. MonetSupply pointed out that this decision, without addressing the liquidity shortage of aEthWETH, provides arbitrage opportunities and weakens the liquidity and experience for ordinary users.