Acala reveals details of Acala 2.0: committed to building a liquidity layer for Web3 finance

According to official news from Odaily, Polkadot DeFi platform Acala disclosed details related to Acala 2.0: Acala Exodus Upgrade. Its goals include providing a clear path for the aUSD product line, establishing the liquidity layer required for the Web3 financial environment, and expanding the ACA token Utility and role in network development. - Allow users to convert aUSD to aSEED at a 1:1 ratio and convert CDP vault to aSEED treasury, providing liquidity through Acala Swap, Stellaswap, Karura Swap and Zenlink; CDP vault conversion pallets and redemption proposals will be delivered next. The vault conversion pallet can convert the collateral in the vault to aSEED treasury on a pro-rata basis and return the remaining collateral to the vault owner. The introduction of a new vault conversion mechanism will ensure flexibility and control for vault owners. - Leverage Universal Asset Hub (UAH) and Euphrates Dapp to bridge the liquidity gap between blockchains. UAH is powered by tools such as Acala multi-chain asset routing, which are built on the XCM standard and the Wormhole protocol using Substrate and Acala EVM+. This ensures seamless liquidity between platforms using the Substrate token format and the EVM token standard, with plans to expand to other standards in the future, nurturing the LSTFi ecosystem. Euphrates will work by allowing LST stakers and liquidity providers to earn higher rewards in the form of ACA, as well as token rewards for participating in the project. The introduction of Euphrates will be deployed alongside DOT-based LST liquidity vaults, with subsequent expansion to support Ethereum and other multi-chain LST liquidity vaults. - ACA token economics updated with new release and destruction regulations to create a balanced ecosystem. Through governance approval, a total of 100 million ACAs are now released each year for 6 years, with 50% of the released volume being used for ACA staking and 50% being used to help build liquidity and increase adoption. ACA burns will occur periodically through unspent releases, governance votes, and partial network fees; this may deflate ACA.
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Liquidated: A whale's $63.97 million BTC and ETH positions on Hyperliquid were liquidated, with a loss of $10.76 million
Odaily reports that according to Onchain Lens monitoring, a whale's BTC and ETH positions worth $63.97 million on Hyperliquid were liquidated 3 hours ago, resulting in a loss of $10.76 million. Its cumulative liquidation loss stands at $16.13 million, with a lifetime loss of $18.52 million. It currently has no open positions.
Chainlink Reserve buys another 106,300 LINK, bringing total purchases to 6.68 million
Odaily reports that according to Onchain Lens monitoring, Chainlink Reserve added 106,300 LINK today, bringing its cumulative purchases to 6.68 million LINK, valued at approximately $75.06 million. Over the past 30 days, Chainlink Reserve purchased 471,200 LINK, valued at approximately $5.36 million.
33 minutes, 4 liquidations: A Hyperliquid whale loses $972,700 but still holds a $16.16 million BTC long with 40x leverage
According to Onchain Lens monitoring, a whale was liquidated 4 times within 33 minutes, with cumulative losses of $972,700. The whale still holds a BTC long position worth $16.16 million with 40x leverage, a liquidation price of $71,119, just 1.07% away from the current price, an unrealized loss of $609,500, and cumulative losses of $1.01 million.
US Media: Nvidia Faces US Department of Justice Antitrust Investigation
Odaily reports that Nvidia (NVDA.O) is facing an antitrust investigation by the US Department of Justice. (US financial news outlet Semafor)
Foreign media: Nvidia's interim CEO does not lead major company decisions
Odaily reports that Nvidia's (NVDA.O) interim CEO is not the leader of the company's major decisions and is not responsible for setting the company's major decision agenda. (The Information)
Nvidia's decline further narrows to 4.24%
According to MSX.COM data, Nvidia's decline has further narrowed to 4.24%, now trading at $166.35, with its market cap returning above $4 trillion.
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