In the past hour, total liquidations across the network reached $28.06 million, with $26.91 million from long positions, with $1.15 million from short positions. BTC liquidation $3.83 million, ETH liquidation $6.73 million.

According to official sources, Gate continues to optimize its contract trading experience, with a focus on enhancing the chart-based operation of stop-loss and take-profit (TP/SL). Users can directly set or adjust TP and SL positions by dragging and dropping within the candlestick chart, and preview the trigger range in real time, eliminating the need for multi-page navigation for risk control. In rapidly changing trading scenarios, TP and SL are displayed simultaneously with the position line, allowing strategy adjustments to be made instantly on the chart. From market judgment to execution, key risk control operations are concentrated in the candlestick interface, helping to improve trading decision-making and execution efficiency. Data shows that Gate's perpetual contract trading volume increased from $911.2 billion in the first quarter of 2025 to $2.42 trillion in the third quarter, and remained at a high level of $1.93 trillion in the fourth quarter.

According to Odaily Planet Daily, The Data Nerd reported that the "1011 Insider Whale" withdrew 80,000 ETH from Binance two hours ago, worth approximately $167.8 million.

According to Odaily Planet Daily, Lo Hoi-shi, Deputy Director of the Intermediaries Department of the Hong Kong Securities and Futures Commission (SFC), the SFC is considering allowing licensed Virtual Asset Platforms (VATPs) to offer secondary trading of tokenized securities to retail clients. The focus is on local tokenized money market funds, with the aim of allowing them to trade on licensed VATP platforms. Currently, the regulator is studying the relevant requirements, operational risks, and control measures, and is drafting a related circular. Lo stated that from the SFC's perspective, tokenized securities are essentially the same as ordinary securities, only with added technical aspects, and are subject to "the same business, the same risks, and the same rules." (Hong Kong Economic Journal)

Huoxun Finance reported on February 5th that Ethereum co-founder Vitalik Buterin stated that the current trend of creating numerous new EVM chains is simply copying the established template of "EVM chain + a one-week delayed optimistic cross-chain bridge," or building so-called "L1-like chains" with no bridging relationship to Ethereum. This low-level duplication of construction is consuming the innovation potential of the entire industry. He urged developers to shift towards building solutions with genuine technological differences, such as privacy protection, application-specific execution layers, or ultra-low latency networks, rather than continuing to create technological "copycats." Furthermore, Buterin emphasized that in terms of "connection to Ethereum," the outward appearance should be consistent with the internal substance, that is, "consistency between appearance and reality." He clearly distinguished two valuable technological paths: first, Rollup application chains that deeply rely on the Ethereum mainnet for settlement and data verification, truly achieving composability; and second, verifiable on-chain systems that, while lacking decentralization and trustlessness, provide algorithmic transparency to traditional institutions through on-chain validity proofs (such as STARK proofs). Its core argument can be summarized as follows: the industry should return to creating fundamental technological value, while ensuring that the "Ethereum niche" claimed by a project can truly reflect its underlying technological dependencies.