In the past hour, total liquidations across the network reached $12.37 million, with $1.75 million from long positions, with $10.62 million from short positions. BTC liquidation $2.99 million, ETH liquidation $3.06 million.

According to Odaily Planet Daily, OKX market data shows that BTC has broken through 64,000 USDT and is currently trading at 64,008.9 USDT, with the 24-hour decline narrowing to 0.46%.

Odaily Planet Daily reports that Venice, an AI infrastructure project, announced an update to its VVV and DIEM token economics, introducing a new programmatic buyback and burn mechanism and gradually increasing the DIEM supply target from 38,000 to 40,000. Venice stated that VVV is its core ecosystem asset, an ERC-20 token issued on the Base chain. Users who purchase and stake VVV can earn rewards, unlock Venice Pro benefits, and use these rewards to mint DIEM. Previously, a portion of the platform's revenue was used to buy back and burn VVV in the market. This update first expands the sources of VVV burning. Previously, Venice had implemented an automated VVV buyback and burn mechanism through Pro, Pro+, and Max subscription revenue. Now, this mechanism will cover API credit purchases: for every $100 of Venice API credit purchased, $5 will be used to buy and burn VVV. This process will be executed automatically, and as API usage increases, more VVV will be removed from circulation. Venice stated that the new API burning mechanism will be tracked separately on the official burning page, displayed distinctly from the burning records generated from subscription revenue. Simultaneously, Venice will adjust the DIEM supply target. DIEM is the second-generation token in the Venice ecosystem, used to provide access to AI models, with each DIEM corresponding to $1 of Venice AI Credit per day. DIEM can only be minted by staking and locking VVV, and users can use or sell these AI credits. Previously, the DIEM supply target was fixed at 38,000. Starting August 3rd, this target will gradually increase to 40,000, adding up to 2,000 DIEM to the market for minting. Since each new DIEM requires locking more staked VVV, the daily AI API credit supply will also increase accordingly. Venice stated that as the DIEM supply approaches the target, the mint rate will gradually increase; this increase in the supply target will provide users with more minting space while maintaining the ecosystem's supply and demand mechanism. This adjustment shows that Venice is strengthening its token economy closed loop through the path of "increased demand for AI services → increased API revenue → continuous burning of VVV → capture of ecosystem value".

According to Odaily Planet Daily, Trump Media & Technology Group (TMTG) is exploring the commercialization of its real-time feed on the Truth Social platform, offering institutional clients high-speed access to Trump's posts for up to $100,000 per month. TMTG has reportedly offered potential clients a six-figure monthly fee, allowing users to access President Trump's latest updates on Truth Social more quickly. This service primarily targets institutional investors seeking low-latency tracking of policy signals, market sentiment, and the impact of political events. As one of Trump's main public platforms, Truth Social's content has long been closely watched by financial markets. Trump's policy pronouncements, tariff measures, and regulatory statements have repeatedly triggered volatility in stock, currency, and cryptocurrency markets. However, it remains unclear whether the high-speed data service has already signed clients or how many institutions are willing to pay the fees. (Financial Times)