Over the past 4 hours, positions worth $262 million were liquidated. Most of the liquidations occurred on longs. The market continues to shed its overheated leverage.
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How did the exchanges perform in the chaos? On Lighter, the price dip was smaller than on Binance and Hyperliquid. The interfaces of many exchanges lagged, and there were short-term outages. Binance was down for about 10 minutes. Lighter experienced delays in deposits and withdrawals. Everything worked on Hyperliquid. Binance was experiencing delays.
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Google Cloud has officially unveiled Universal Ledger (GCUL), a new L1 blockchain platform for financial institutions. GCUL is already running on a closed testnet, supports Python smart contracts, and is focused on payment automation, tokenization, and 24/7 operation of digital assets.
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