In the past hour, total liquidations across the network reached $60.51 million, with $56.44 million from long positions, with $4.07 million from short positions. BTC liquidation $25.14 million, ETH liquidation $21.05 million.

According to Odaily Planet Daily, ETH Strategy, an Ethereum treasury protocol, released updated operational data on the X platform, disclosing that the company holds 11,778 ETH, with a total ETH reserve value of $34.4 million, a leverage ratio of 1.10x, a revised total asset value (mGAV) of 0.88x, and has earned $1.7 million in ETH since its inception, representing a return of +5.0%.

Odaily Planet Daily reports that U.S. Treasury Secretary Bessant supports re-evaluating the Federal Reserve's 2% inflation target after the inflation rate has consistently fallen back to the 2% target level. In an interview on the "All-In" podcast, Bessant stated, "When we get back to 2% inflation (which I think is within reach), then we can start discussing whether setting a target range would be wiser." Bessant suggested in the interview that the discussion could revolve around adjusting the inflation target to a range of 1.5%-2.5% or 1%-3%. Federal Reserve policymakers officially adopted the 2% inflation target in 2012, a target adopted by many central banks worldwide. Bessant pointed out that pursuing decimal-level precision is absurd, but he also warned that adjusting the target when inflation is high could give the impression of "constantly raising the target whenever it exceeds the standard." This interview was recorded after the release of the November CPI data (i.e., December 18). (Jinshi)

According to an exclusive report by The Washington Post, the Federal Reserve leadership opted for strategic restraint during a closed-door meeting in Philadelphia this spring, choosing to avoid conflict with the Trump administration. This strategy has since guided its response to President Trump's repeated attacks on the institution. The Washington Post has verified the details of the meeting, stating that the 112-year-old institution's leadership chose to defend its independence in setting interest rates by avoiding public confrontation with Trump, absorbing some of the impact, and refraining from public retaliation. Analysts point out that if the Fed had not adjusted certain policies or publicly countered the president's calls for rate cuts, its situation might have been much worse; Trump could have potentially attempted to fire more current governors, including Powell.

According to Odaily Planet Daily, monitoring by on-chain analytics platform Lookonchain, Fasanara Capital purchased 6,569 ETH (US$19.72 million) in the past two days and deposited it into Morpho, where it borrowed US$13 million in USDC to purchase more ETH.