In the past hour, total liquidations across the network reached $14.78 million, with $1.14 million from long positions, with $13.64 million from short positions. BTC liquidation $7.21 million, ETH liquidation $3.85 million.

Huoxun Finance reported on March 1st that Ethereum co-founder vitalik.eth posted on the social media platform X, reviewing the history since the introduction of Account Abstraction (EIP-86) in early 2016 and introducing the newly released EIP-8141 proposal. This proposal is a comprehensive one aimed at addressing all the legacy issues that Account Abstraction intended to solve. It introduces the concept of "frame transactions," where a transaction can contain multiple call frames that can read each other's call data and have the ability to authorize senders and authorized gas payers. For example, a typical multi-signature account transaction can consist of a verification frame and an execution frame; if the account does not yet exist, a deployment frame can be added pre-added. For scenarios using non-ETH tokens such as RAI to pay gas, this can be achieved through a payment master contract: the transaction frame sequence includes steps such as verification, payer verification, sending RAI to the payer, execution, and the payer refunding unused RAI and exchanging it for ETH, all without intermediaries. Regarding privacy protocols, valid ZK-SNARKs can be checked and Gas paid through the main payment contract, or a 2Dnonce mechanism can be used to allow a single account to receive transactions from multiple users in parallel, thus completely eliminating the "public broadcaster" that causes poor user experiences in protocols such as Railgun and PP. Regarding security, at the chain level, only transactions containing verification frames that return ACCEPT and mark the Gas payment are valid. Initially, the mempool layer will employ very conservative rules, with an optional, more aggressive mempool; the former will gradually expand over time. Furthermore, this proposal is highly complementary to the FOCIL mechanism, ensuring that complex operations can be directly included as first-level transactions with a fast inclusion guarantee. Vitalik stated that after more than a decade of research, these technologies are expected to be implemented within a year through a Hegota hard fork.

Huoxun Finance News, February 28th - According to CoinDesk, while many on social media worry that Iran might block the Strait of Hormuz to disrupt oil supplies, some experts believe these concerns may be exaggerated. The strait is a crucial passage for approximately 20% of global oil shipments. Some argue that a direct conflict could cause oil prices to surge to $120-$150, triggering an inflationary shock and market sell-off. This potential conflict has heightened tensions in the crypto market, the only place where investors can express fear and risk during the weekend when traditional markets are closed. However, some observers point out that a complete blockade of the strait is not in Iran's interest and is even geographically impractical. Economist Daniel Lacalle stated that Iran currently produces 3.3 million barrels of oil per day, and blocking the strait would be tantamount to "cutting off its own path." Furthermore, the shipping lanes of the strait are primarily located in Omani waters, not Iranian waters, because the Iranian side is shallower and unsuitable for large oil tankers. Energy market expert Dr. Anas Alhajji stated that despite numerous wars, the Strait of Hormuz has never been truly blocked because it is too wide and well-protected to be practically closed. Overall, the likelihood of Iran blocking the strait and cutting off oil supplies is low. However, a full-blown war could still trigger widespread risk aversion, potentially pushing Bitcoin below the key support level of $60,000.

According to Huoxun Finance on February 28th, CoinAnk data shows that in the past 24 hours, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $382 million, including $277 million in long positions and $105 million in short positions. The total liquidation amount for BTC was $148 million, and the total liquidation amount for ETH was $90.29 million.

According to Huoxun Finance on February 28, citing CCTV News, officials from the EU Navy's "Operation Aspides" (EU Red Sea escort operation) stated on the 28th that their ships had received radio signals from the Iranian Revolutionary Guard Corps stating that "no ships are allowed to pass through the Strait of Hormuz."