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19:14
Over $811 Million Liquidated in the Past 24 Hours, Mainly Long Positions
Data shows that over the past 24 hours, a total of $811 million was liquidated across the entire network, with $683 million in long positions and $127 million in short positions, primarily affecting long positions. Among these, $229 million in ETH and $326 million in BTC were liquidated.
18:05
FTX’s former law firm and audit firm agree to pay $66 million to settle customer claims related to fraud
```htmlJinse Finance reported that on May 24, Silicon Valley law firm FenwickWest will pay $54 million to settle a lawsuit brought by FTX customers. The plaintiffs alleged that the firm assisted Sam Bankman-Fried's fraudulent activities. This agreement is part of the second round of FTX settlements, which also includes: auditing firm Prager Metis paying $11.75 million, former NBA player Udonis Haslem paying $420,000. Fenwick denies any wrongdoing. In addition, the firm still faces a separate lawsuit in Washington state worth $525 million, and the settlement agreement reached this Friday does not cover that case.```
17:26
On-chain analyst: Aave V4 Ethereum deposits surge to 70 million dollars
According to on-chain analyst @JackMandin on X, deposits in the Aave V4 Ethereum Core Hub surged by 30% yesterday, currently nearing 70 million US dollars. Among them, USDG increased by 8 million US dollars, frxUSD increased by 5 million US dollars, and USDT increased by 1 million US dollars. The total deposit volume across all Aave V4 Hubs has now exceeded 80 million US dollars.
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