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- 20:09Data: In the past 24 hours, total liquidations across the network reached $298 million, with long positions liquidated for $89.61 million and short positions liquidated for $208 million.According to ChainCatcher, citing data from Coinglass, the total liquidations across the network in the past 24 hours reached $298 million, with long positions liquidated for $89.61 million and short positions for $208 million. Among them, bitcoin long positions were liquidated for $14.063 million, bitcoin short positions for $56.3615 million, ethereum long positions for $14.889 million, and ethereum short positions for $61.7411 million. In addition, over the past 24 hours, a total of 145,933 people were liquidated globally, with the largest single liquidation occurring on a certain exchange in the ETHUSDT pair, valued at $4.5715 million.
- 19:47Institution: The Federal Reserve's interest rate cuts may have a delayed stimulative effect on the economyJinse Finance reported that Joe Brusuelas, an economist at insurance, tax, and consulting firm RSM, stated that the current round of Federal Reserve interest rate cuts may have a more limited stimulative effect on the economy compared to previous cycles. Since most homeowners have previously locked in mortgage rates that are much lower than current levels, mortgage rates would need to fall significantly further for refinancing to meaningfully improve household financial conditions. Corporate balance sheets are already in healthy condition, and the marginal effect of lower financing costs in encouraging companies to take on risk is diminishing. Brusuelas also emphasized that, against the backdrop of tightening immigration policies, companies may face hiring difficulties even if they intend to expand: "These factors together mean that the transmission of rate cuts to the real economy is taking longer than historical experience." (Golden Ten Data)
- 18:26Titan Network receives support from Cointelegraph AcceleratorJinse Finance reported that Titan Network has joined the Cointelegraph Accelerator and will build infrastructure for decentralized computing, data, and bandwidth distribution. Titan Network is a decentralized physical infrastructure (DePIN) cloud service provider that has gained the trust of global industry leaders such as TikTok and Tencent. Its bandwidth services can reduce costs by up to 80%, while its distributed network, composed of millions of registered nodes, achieves latency of less than 10 milliseconds (<10ms).