In the past hour, total liquidations across the network reached $25.10 million, with $23.83 million from long positions, with $1.27 million from short positions. BTC liquidation $441,224.68, ETH liquidation $5.41 million.

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According to Gate.com data, spot gold broke through $4,720 per ounce, up 0.67% on the day. Spot silver rose 2% on the day, currently trading at $80.20 per ounce.

Odaily Planet Daily reported on Wednesday (Eastern Time) that Nvidia CEO Jensen Huang, in an interview, highly praised its new collaboration with Corning Incorporated, calling it a significant opportunity to rebuild the US technology supply chain. Huang stated that next-generation AI infrastructure will require a massive amount of optical connectivity because computing demands are growing so rapidly that copper wires can no longer meet the needs. "We will be scaling up the application of optical technology on an unprecedented scale, frankly, no other optics company has ever done this," Huang said. Huang also stated that the benefits of this current wave of AI investment extend far beyond technology companies. He pointed out that the increasing demand from the AI industry for electricians, construction workers, chip manufacturing employees, and data center infrastructure experts is strong evidence that this construction process has already impacted the entire economy. (Jinshi)

Odaily Planet Daily reports that Cloudflare announced it will lay off approximately 20% of its workforce, cutting over 1,100 jobs globally, as part of a business restructuring centered around the application of AI tools. Cloudflare expects to incur $140 million to $150 million in layoff-related charges in the second quarter, with revenue projected at $664 million to $665 million. The company's first-quarter revenue was $639.8 million, with adjusted earnings per share of $0.25. Cloudflare's stock price fell approximately 19% in after-hours trading.