In the past hour, total liquidations across the network reached $18.86 million, with $3.49 million from long positions, with $15.37 million from short positions. BTC liquidation $8.00 million, ETH liquidation $5.19 million.

Huoxun Finance reported on February 17th that Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated in an interview with Fox News that the cryptocurrency market structure bill is "about to" be signed into law. Selig added, "We want to ensure that the legal framework for cryptocurrencies is adaptable to future developments. We cannot allow a second Gary Gensler to come in and destroy everything. We will definitely get this bill passed."

Huoxun Finance News, February 17th - According to official news, Pump.fun announced a reform of its creator fees, splitting the token issuance fee model into two categories: "Creator Fee" and "Transaction Rebate," which creators can choose at the time of issuance. If the token issuer chooses the transaction rebate, all creator fees will be returned to the traders, and this model cannot be used for CTOs.

Huoxun Finance reported on February 17th that, according to an official announcement, the TON Foundation has partnered with Banxa, a regulated crypto infrastructure provider under the OSL Group, to provide compliant stablecoin payment infrastructure for thousands of SMEs in the Asia-Pacific region. This collaboration positions TON as the operational payment layer for real-world business activities in Asia. Leveraging OSL's merchant and institutional network and Banxa's payment channels, SMEs in the Asia-Pacific region can now use TON for actual payment workflows, including business-to-business settlements, cross-border transactions, and consumer-to-merchant payments. Banxa handles the exchange between local fiat currencies and digital assets. While TON's P2P payment infrastructure is already widely adopted in the region, this collaboration expands its application to enterprise-level business scenarios.

Huoxun Finance News, February 17th - According to official news, sports prediction and trading platform PRED has completed a $2.5 million seed round of financing led by Accel, with other investors including Coinbase Ventures' BaseEcosystemFund (BEF) and Reverie. Built on Base, Pred claims an execution speed of only 200 milliseconds, making it closer to the standards of financial exchanges than any service offered in the traditional sports betting field. Pred is currently in internal testing and uses an invitation-only registration process.