In the past hour, total liquidations across the network reached $10.13 million, with $9.17 million from long positions, with $958,086.75 from short positions. BTC liquidation $596,589.85, ETH liquidation $5.14 million.

Huoxun Finance reports that Circle officially announced that its USYC asset management fund has surpassed $3 billion, making it the world's largest tokenized money market fund. This milestone demonstrates the continued growth of tokenized money market funds as a whole, while the value of on-chain collateral in the digital asset market continues to rise. USYC is a product where Circle tokenizes traditional money market funds using blockchain technology, enabling institutional investors to hold, trade, and manage income-generating assets on-chain. The fund's investments primarily consist of short-term U.S. Treasury bonds and U.S. government-backed reverse repurchase agreements.

According to GMGN data, the market capitalization of USDUC, a Meme coin on the SOL blockchain, briefly surpassed $27 million, currently trading at approximately $26.42 million, representing a more than tenfold increase within the day. Previously, Binance US announced the opening of USDUC deposits and the launch of the USDUC/USDT trading pair on May 7th. Public information indicates that USDUC is a community-driven Meme coin project that satirizes traditional stablecoins. Odaily reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.

Odaily Planet Daily reports that WorldLibertyFi's governance proposal to unlock 62.2 billion WLFI tokens has been overwhelmingly approved. Previous reports indicated that World Liberty Financial initiated a vote on a token unlocking governance proposal involving 62,282,252,205 locked WLFI tokens. According to the proposal, if passed, these tokens will not enter the market for at least two years. The proposal shows that up to 45.2 billion WLFI held by the founding team, advisors, and partners will be converted to a 2-year lock followed by a 3-year linear unlock, accompanied by the burning of up to approximately 4.5 billion tokens; approximately 17 billion locked tokens held by early supporters are proposed to be converted to a 2-year lock followed by a 2-year linear unlock. The voting period for this proposal was 7 days, with a quorum threshold of 1 billion WLFI.

According to Huoxun Finance, Fitch Ratings stated that reducing the Federal Reserve's balance sheet carries significant risks and is unlikely to be achieved quickly in the short term.