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According to Huoxun Finance, Democratic Senator Jack Reed stated during the CLARITY bill review meeting that Iran is using cryptocurrencies to purchase sensitive goods, and that its purchased drones have been wreaking havoc in the Persian Gulf. He noted that much of the funding has been converted into stablecoins, and urged that if Iran truly wants to support the US military, these funding sources should be cut off.

According to Huoxun Finance, Coinbase announced the addition of the BTC-INR trading pair for Indian users. The pair will be launched first on Coinbase Exchange and will be gradually expanded to Coinbase.com, Coinbase App, and Coinbase Advanced platform.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market reached $260 million in the past 24 hours, including $161 million in long positions and $99.3951 million in short positions. Specifically, BTC liquidations totaled $86.3637 million ($45.1577 million in long positions and $41.206 million in short positions), ETH liquidations totaled $62.1241 million ($47.442 million in long positions and $14.6821 million in short positions), and SOL liquidations totaled $9.133 million ($6.3093 million in long positions and $2.8237 million in short positions). A total of 87,199 people were liquidated during this period. The largest single liquidation occurred on the Hyperliquid XYZ:COIN-USD trading pair, worth $2.9374 million.

Huoxun Finance reports that Aave has officially announced an upgrade to its bug bounty program, adapting it to the risk characteristics of various modules within its ecosystem and simplifying the review process. In the latest adjustments, the bounty cap for critical vulnerabilities in Aave V4 and Core Aave V3 has been increased to five times the original standard. Aave Labs also proposed reorganizing the bounty framework, with different subsystems managed by Immunefi, Sherlock, and Cantina: Core Aave V3, V2, GHO, and other core components will remain under Immunefi's responsibility; Aave V4 and the Aave App Stack will be transferred to Sherlock; and Aave V3 on Aptos will be handled by Cantina.