ETH drops below 1950 USDT

Ethereum's market capitalization drops to the 86th position among global mainstream assets

BlockBeats News, February 12 — According to 8 Market data, as Ethereum drops below $2000, its market capitalization has now fallen to $231.97 billion, below Pepsi (market cap $232.18 billion), dropping to the 86th position among global mainstream assets.

"Maqi" has reduced its long ETH position by 1,800 coins in the past hour, and the liquidation price has dropped to $1,886.59.

BlockBeats News, February 11 — According to HyperInsight monitoring, as the crypto market declined, "Maji" reduced its ETH long positions by 1,800 ETH in the past hour. Its 25x ETH long position decreased to 500 ETH, approximately $869,000, with a liquidation price of $1,886.59. The account now has only $43,000 remaining, with total losses reaching $25.9 million.

In the past 24 hours, the entire network's contract liquidations reached $291 million, mainly from long positions.

PANews February 11 News, CoinAnk data shows that in the past 24 hours, the total liquidations in the cryptocurrency market across all contracts reached $291 million, including $209 million in long positions and $82.2 million in short positions. The total liquidation amount for BTC was $123 million, and for ETH it was $73.39 million.

Hong Kong Securities and Futures Commission further relaxes virtual asset regulations: opens up guaranteed financing and perpetual contracts

The Hong Kong Securities and Futures Commission announced new guidelines allowing licensed brokers to expand their business to include virtual asset collateralized financing and the use of virtual assets as collateral, opening up market liquidity. At the same time, a high-level framework for perpetual contracts is provided for professional investors, and affiliated companies are permitted to act as market makers to invigorate the virtual asset trading ecosystem and promote market development.

A whale bought $8 million worth of ETH 20 minutes ago.

Odaily Planet Daily reports that on-chain analyst Yu Yan monitored that a whale bought $8 million worth of ETH 20 minutes ago. Over the past 9 days, he has borrowed a total of 28 million USDT through leverage to purchase 12,802 ETH, with an average price of $2,187.

Vitalik Buterin: Creating an Ethereum AI ecosystem should pursue a path of differentiated innovation

Odaily Planet Daily reports that Vitalik Buterin posted on the X platform stating that to make Ethereum the ideal platform for AI, it cannot just be about copying existing solutions or changing the logo. He emphasized that meaningful technological improvements, such as zero-knowledge privacy-preserving payments (ZK privacy-preserving payments) and reputation systems, are needed to create infrastructure and applications that are truly better than current solutions.