In the past hour, total liquidations across the network reached $11.83 million, with $10.20 million from long positions, with $1.62 million from short positions. BTC liquidation $4.26 million, ETH liquidation $2.30 million.

Odaily Planet Daily reports that ZKsync has announced it will officially deprecate ZKsync Lite on May 4th, ceasing block production and permanently freezing the network's final state. ZKsync Lite launched in June 2020 as ZKsync 1.0, and was considered Ethereum's first zero-knowledge proof rollup, but it did not support smart contract functionality. Matter Labs ceased development of Lite in March 2023 after launching zkEVM ZKsync Era, which supports arbitrary smart contracts. The team stated that this deprecation will not affect Era or other chains built on the ZK Stack framework. After the shutdown, a read-only API will be retained for at least one year to support data access. Users are advised to withdraw their assets before May 4th; any unwithdrawn funds can still be claimed afterward. According to L2BEAT data, approximately $33.9 million in assets remain on ZKsync Lite via the canonical bridge, including approximately $24.9 million in stablecoins, approximately $8.4 million in ETH and derivatives, approximately $313,000 in BTC and derivatives, and approximately $231,000 in other assets.

Huoxun Finance News, February 27th - According to NEWSPIM, FocusAI announced the completion of the final payment for its acquisition of the Busan Digital Asset Exchange. FocusAI now holds a 40.61% stake, officially becoming its largest shareholder and gaining operational control. The Busan Digital Asset Exchange is South Korea's first RWA tokenized exchange, currently supporting 23-hour digital trading of seven precious metal physical assets, including gold, silver, and platinum. The KDX consortium, in which FocusAI participates, recently received the first preliminary license from the South Korean Financial Services Commission (FSC) for STO over-the-counter securities trading brokerage business. Through this acquisition, FocusAI plans to combine AI, payment, stablecoin, and e-wallet technologies to build a Web3 payment platform infrastructure and promote the development of RWA and STO businesses.

According to The Block, ZKsync announced on February 27th that it will completely cease operation of ZKsyncLite (formerly ZKsync 1.0) on May 4th, 2026. At that time, the network will stop block production and permanently freeze its final state to ensure that its balance remains unchanged after the shutdown. ZKsyncLite was launched in June 2020, primarily supporting token transfers and NFT minting, but lacking smart contract functionality. With the maturation of the ZKsyncEra and ZKStack ecosystems, which feature zkEVM functionality, the project decided to concentrate resources on developing subsequent systems. Users are advised to withdraw their assets before May 4th. After the shutdown, a read-only API will be provided for at least one year for data access, and unwithdrawn funds can still be claimed at that time. Currently, ZKsyncLite still has approximately $33.9 million in locked assets (TVL), including $24.9 million in stablecoins and approximately $8.4 million in ETH.

According to Huoxun Finance on February 27, OKX market data shows that BTC has just fallen below $66,000 and is currently trading at $65,983.90 per coin, down 2.07% on the day.