In the past hour, total liquidations across the network reached $13.31 million, with $11.48 million from long positions, with $1.83 million from short positions. BTC liquidation $6.41 million, ETH liquidation $1.96 million.

According to Odaily Planet Daily, Matt Huang, co-founder and CEO of Paradigm, a crypto investment firm with approximately $12 billion in assets under management, stated that Gen Z employees "can sometimes create a lot of chaos, which can be maddening," but their creativity and technological breakthroughs are equally impressive, keeping him firmly committed to investing in young talent. He revealed that MIT dropout Charlie Noyes joined the company at only 19 years old but subsequently played a key role in MEV research and Flashbots investments, propelling the infrastructure into a vital part of the Ethereum ecosystem. Matt Huang described Paradigm's team as "like running an X-Men academy," noting that while young employees bring uncertainty, their technical capabilities and pace of innovation often "far surpass those of traditional practitioners." (Fortune)

According to Huoxun Finance, after the conclusion of negotiations between the United States and Iran, no members of the US delegation remained in Pakistan. US President Trump's special envoy, Witkov, Trump's son-in-law, Kushner, and the US technical team have all left Islamabad, the capital of Pakistan. US Vice President Vance arrived at Ramstein Air Base in Germany before 7:00 AM Eastern Time on the 12th and left Pakistan on the 12th local time.

According to Huoxun Finance, the marathon peace talks between the US and Iran failed to reach an agreement. US Vice President Vance stated that the lack of progress was due to Tehran's refusal to abandon its pursuit of nuclear weapons, while calling on Iran to make a "clear commitment not to seek nuclear weapons anymore." Iran's chief negotiator stated that Washington failed to win his trust. Furthermore, the US stated that two US Navy destroyers transited the Strait of Hormuz on Saturday, marking the first time US warships have passed through the waterway since the start of the related conflict. In response, the Iranian Islamic Revolutionary Guard Corps Navy denied that these vessels had passed through the waterway, stating that any attempt to pass through the waterway would be met with a "resolute and strong response."

According to Huoxun Finance, the US-Iran negotiations failed to reach an agreement again, fueling market risk aversion. In the past 5 hours, the whale address "0x9e8" significantly adjusted its positions, closing most of its $SILVER (20x leverage) long positions, while opening new positions of 95,577 $CL (crude oil futures) with 20x leverage, with a total position size of approximately $9 million.