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According to ChainCatcher, on-chain data analyst Yujin has monitored that @qwatio, known as an "insider trader," has once again had their short positions forcibly liquidated. Reportedly, after increasing their short positions yesterday, BTC retraced to the $105,500 level. At that time, their short position was close to breaking even, but they did not close it. After a rebound tonight, their short position was once again liquidated, resulting in a forced closure of $50 million. Currently, their short position has been reduced from $250 million to $200 million due to liquidation, and the remaining position is still on the verge of being liquidated. The current situation is as follows: 40x short on 1,131 BTC, valued at $122 million, entry price $106,697, liquidation price $108,768; 25x short on 33,000 ETH, valued at $82.58 million, entry price $2,452, liquidation price $2,508.

According to Jinse Finance, Trump Media and Technology Group Corp. (NASDAQ, exchange code: DJT) announced today that it has submitted an initial S-1 registration statement (the “registration statement”) for the Truth Social Bitcoin and Ethereum ETF to the U.S. Securities and Exchange Commission. This ETF will directly hold Bitcoin and Ethereum, with 75% of its assets invested in Bitcoin and 25% in Ethereum, and will issue shares (the “shares”) to investors, aiming to reflect the price performance of Bitcoin and Ethereum. The exchange will serve as the exclusive Bitcoin and Ethereum custodian, primary execution agent, as well as staking and liquidity provider for the ETF. The launch of the Truth Social Bitcoin and Ethereum ETF is subject to the effectiveness of the registration statement and approval of the 19b-4 form submitted to the U.S. Securities and Exchange Commission. Upon listing, its shares will be traded on the exchange’s Arca platform. Yorkville America Digital will act as the sponsor of the ETF.