In the past hour, total liquidations across the network reached $11.23 million, with $7.94 million from long positions, with $3.28 million from short positions. BTC liquidation $891,220.72, ETH liquidation $3.65 million.

Odaily Planet Daily reports that the U.S. Supreme Court is scheduled to reconvene this Friday (January 9th), where it may issue a ruling on the legality of the global tariffs imposed by the Trump administration. This high-profile lawsuit is not only a major test of presidential power but will also have a profound impact on the global economy. U.S. Treasury Secretary Scott Bessent spoke at the Minnesota Economic Club on Thursday, strongly supporting the current tariff policy. Bessent stated that Trump's "strategic use" of tariffs has successfully prompted domestic and foreign companies to increase direct investment in the U.S., hire workers, and build factories. Facing the risk that the Supreme Court might overturn the current tariffs, Bessent revealed that the government has developed alternative plans. Even if the court rules that Trump abused IEEPA, the government can still continue to impose tariffs under Sections 301 and 122 of the Trade Act of 1974 and Section 232 of the Trade Expansion Act of 1962. (Jinshi)

According to data from msx.com, at the opening of the US stock market, the Dow Jones Industrial Average rose 0.18%, the S&P 500 rose 0.18%, and the Nasdaq Composite rose 0.07%. Cryptocurrency stocks generally rose, with Robinhood up 1.4%, Circle up 0.87%, Coinbase up 0.25%, and Hut 8 up 1.86%. msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering US stock and ETF tokens such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

Huoxun Finance News, January 9th - According to Jinshi News, institutional analysis indicates that the US unemployment rate of 4.4% in December remained unchanged from September, easing concerns about a jump to 4.6% in November. While higher than the lowest levels seen during the post-pandemic hiring boom, this unemployment rate remains quite moderate by historical standards. This data may marginalize discussions about a Fed rate cut in January – with a lower unemployment rate and limited initial jobless claims, officials may not feel a strong urgency to further lower rates after three consecutive cuts in 2025.

According to Huoxun Finance on January 9th, as reported by Jinshi, the decline in the US unemployment rate has led traders to increase their bets on the Federal Reserve pausing interest rate cuts.