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15:06
Solana co-founder Toly: If freezing stablecoins does not require court authorization, then it is not a true US dollar.
Foresight News reported that Solana co-founder Toly responded to on-chain investigator ZachXBT regarding the USDC freeze controversy, questioning that if the freezing authority of stablecoins does not require authorization from a U.S. federal court, then they cannot be considered real U.S. dollars. He suggested that stablecoins should adopt a layered architecture: at the base layer, stablecoins can only be frozen under court orders; protocols such as Drift and Kamino could issue wrapped stablecoins on top of that with their own freezing and unfreezing strategies, and have dedicated security teams responsible for handling hacker incidents.
15:04
In the past 24 hours, the entire network has seen $216 million in liquidations, a double whammy for both longs and shorts
BlockBeats News, April 13, according to Coinglass data, in the past 24 hours, the total liquidation across the network was $216 million, with long liquidations amounting to $88.246 million and short liquidations amounting to $128 million.
15:03
Analysis: Signs of easing tensions in the Middle East boost market sentiment, BTC rebounds and surpasses $72,000
According to Odaily, as geopolitical panic eased over the weekend, Bitcoin rebounded from a low of approximately $70,500 to $72,100. The previous decline, caused by unsuccessful US-Iran negotiations and tensions in the Strait of Hormuz, saw a short-term recovery. Reports suggest Iran is considering abandoning high-enriched uranium as a concession to end the conflict, boosting risk asset performance; meanwhile, US stocks also recovered early losses, with the Nasdaq turning up by 0.3%. However, the American blockade of the Strait of Hormuz has now taken effect, and regional security risks remain uncertain. Crypto-related stocks strengthened in tandem, with Circle rising over 8%, and certain exchanges and Strategy also recording gains. Analysis indicates that since early February, Bitcoin has been trading sideways around $60,000 for about 67 days, which is highly similar to the consolidation period before the previous decline. Some short sellers expect the market may again test the critical support level around $60,000. (CoinDesk)
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