In the past hour, total liquidations across the network reached $23.42 million, with $19.07 million from long positions, with $4.35 million from short positions. BTC liquidation $634,559.84, ETH liquidation $2.17 million.

According to Odaily Planet Daily, based on monitoring by on-chain analyst Ai Yi, the long ETH position held by "smart money" (those who went long on ETH at 25x odds after the October 11 flash crash) has reached 19,383.25 ETH (approximately $73.3 million), and all pending orders have been filled. The current average opening price is $3,741.34, the liquidation price is $3,219.96, and the unrealized profit is $654,000.

Huoxun Finance News, October 29th – According to official news from CosmosLabs, at the Cosmoverse conference, CMO @qxnico and Ecosystem Growth Head @RoboMcGobo shared future plans for CosmosHub and ATOM, stating that as global finance gradually moves onto the blockchain, CosmosHub and ATOM are expected to play a core role in the new financial infrastructure. CosmosLabs stated that it will focus on three main directions in the future: 1) Expanding the dedicated Hub team and promoting performance upgrades for Tokenfactory and Comet; 2) Updating the validator delegation program to strengthen network stability and incentivize technical and community contributions; 3) Working with the community to redesign ATOM's token economic model to more closely integrate it with the growth of the Cosmos ecosystem. The official announcement called on the community, validators, and developers to participate in the discussion and provide feedback and suggestions for the next stage of ATOM's development.

Huoxun Finance reported on October 29th that Flutterwave, Africa's largest payment infrastructure company, has officially selected Polygon as the default blockchain network for its new cross-border payment product. The two companies have entered into a multi-year strategic partnership to promote the practical application of stablecoin payments in more than 30 African countries. Flutterwave will first launch a Polygon-based payment solution for enterprise clients in 2025 and plans to expand it to personal remittance services in SendApp in 2026. Polygon will support financial inclusion and stablecoin adoption in the African market with fees of less than $0.01 per transaction and near-instantaneous confirmation speeds.

Huoxun Finance News, October 29th - The European Central Bank (ECB) kept its deposit facility rate unchanged at 2%, in line with market expectations, marking the third consecutive meeting without taking action. The main refinancing rate and marginal lending rate remained unchanged at 2.15% and 2.40%, respectively.