In the past 12 hours, there has been a total of $104 million in liquidations across the entire network, leading to a long and short squeeze.

On May 26th. According to Cointelegraph, Donald Trump's son, Donald Trump Jr., recently stated during an interview, "We have been 'debanked,' and that's how we entered the cryptocurrency space." Note: "Debanking" typically refers to a series of actions. Specifically, it is when a bank takes the initiative to close a customer's bank account, which may have been opened for many years, and sometimes without providing any specific reason.

On May 26th: In reaction to recent occurrences such as Trump receiving a plane from Qatar and hosting a mysterious dinner, a New York Times article noted that Trump has commercialized the presidency. The President and his family are more skillful at leveraging the White House to make money than any previous president. They have normalized activities that would have previously elicited strong opposition and official investigations. Scholars specializing in government corruption believe that, by traditional Washington standards, the Trump administration, which is still in its early stages, is the most blatant in U.S. history in using public office for personal gain. The brazenness may even surpass that of the Watergate scandal and other renowned controversies. The report indicated that the changes Trump has brought to Washington since taking office are evident in his normalization of money-making schemes. These schemes would have previously triggered continuous political backlash, tele

On May 26th, Imran Khan, the Founding Partner of Alliance DAO, announced in a post on the X Platform that they are actively seeking "a few technically proficient co-founders who have a deep dedication to the crypto space." "You will be engaged in certain secret projects within Alliance, and you must be prepared to devote all your efforts." Imran Khan also mentioned that such projects, if successful, will bring about tremendous returns (Generational outcomes).

On May 26th, Hyperliquid announced on its social media platforms that the Hyper Foundation X account has been safeguarded. The Hyperliquid blockchain and all other social media channels remained unaffected and were in a secure state. The team indicated that with the help of the X Security Team, a comprehensive investigation is in progress. The account has always adhered to and will continue to adopt the best security measures. No internal systems, emails, or related credentials have been violated. Hardware two-factor authentication also remained intact. Sincere gratitude is extended to the X team for their prompt actions and support. In previous news, on May 24th, the official X account of Hyper Foundation @HyperFND was compromised.

On May 26th: This morning, former Coinbase CTO Balaji Srinivasan launched a commemorative token named after himself for his new book "The Network State" on the Zora network. Before falling back to $4.5 million, the market cap of the token exceeded $7 million. The trading volume since its listing has reached $4.3 million. In earlier news, ZORA witnessed a surge of over 30% in the past 24 hours. BlockBeats reminds users that such tokens are highly volatile, and caution should be exercised when making investments.

On May 26th, according to on-chain analyst Scam Sniffer (@realScamSniffer), a victim once more mistakenly transferred approximately $1.7 million to the incorrect address. Previously, this address suffered from a transaction history pollution attack and lost more than $840,000.