[2/2] Monitoring indicates that the proportion of forced liquidation of long positions once approached 97%, but the funding rate was still positive (approximately 43% annualized in some metrics), suggesting that there is still a risk of a second deleveraging; the liquidation density remains high near key price levels. (BlockBeats | Odaily) ━━ Project Updates ━━ 1. Bit Digital has completely exited BTC mining and is shifting its focus to Ethereum infrastructure and AI/HPC, disclosing that it holds 153,546 ETH. The company stated that mining capital efficiency has declined, and it has integrated its digital asset exposure into Ethereum and increased its ETH holdings through convertible bonds and other means. (TechFlow | PANews) 2. Circle: In 2026, the focus will be on building a more "durable/resilient" stablecoin infrastructure and promoting institutional adoption. Circle plans to push L1 (Arc) for institutions to production environments, expand USDC/EURC multi-chain support, and improve the payment network and cross-chain experience. (Foresight News | Odaily) 3. Story Protocol: Early investors and the team have had their unlocking period extended by 6 months to August. A16z/Polychain and other partners agree that this move aims to reduce short-term selling pressure and volatility, and to advance revenue, PMF and enterprise partnerships in the coming months. (PANews | Foresight News) 4. 21Shares launched the Jito Collateralized Solana ETP (JSOL) in Europe, listed on the Amsterdam and Paris Euronext exchanges. This product directly holds JitoSOL, and the net asset value reflects the collateral yield, providing institutions with regulated collateralized SOL exposure. (PANews) ━━ Other ━━ 1. The U.S. Senate reportedly reached a spending/appropriation agreement, temporarily easing the risk of a government shutdown. Reports indicate that Senate Democrats and President Trump reached an agreement to provide funding for the government, alleviating concerns about a shutdown in the short term. (Kobeissi Letter | WatcherGuru) 2. Trump and his family sue the IRS and the U.S. Treasury Department for $10 billion in damages over tax record leaks. The lawsuit targets the "tax record leak" incident and seeks damages of up to $10 billion. (BWEtradfi | Kobeissi Letter)