In the past hour, total liquidations across the network reached $21.01 million, with $19.95 million from long positions, with $1.06 million from short positions. BTC liquidation $3.38 million, ETH liquidation $13.91 million.

According to Huoxun Finance on January 20, OKX market data shows that ETH has just fallen below $3,200 and is currently trading at $3,198.98 per coin, down 0.53% on the day.

According to Odaily Planet Daily, the Bermuda government has announced a partnership with Coinbase and Circle to develop Bermuda into a fully on-chain national economy, using digital assets as everyday financial infrastructure. The plan, announced at the World Economic Forum in Davos, Switzerland, focuses on piloting stablecoin payments within government departments, promoting the use of USDC among local merchants, and supporting financial institutions in the implementation of asset tokenization and digital financial instruments. Coinbase and Circle will provide digital asset infrastructure and technical support to the government, banks, insurance institutions, SMEs, and individual users, and will also collaborate on nationwide digital finance education. The Bermuda government stated that traditional payment systems are costly and restrictive for small island economies, while on-chain finance helps reduce costs, improve efficiency, and expand financial accessibility. Bermuda Prime Minister David Burt pointed out that this initiative aims to create more opportunities for local residents and ensure they benefit from the future development of the financial system.

Odaily Planet Daily reports that Iranian security forces commander Osama bin Laden stated that the Iranian government has fully restored order in cities across the country following recent protests and riots. The Islamic Republic of Iran Broadcasting (IRIB) quoted bin Laden as saying, "Thanks to the participation of our citizens in key operations, and the efforts of the armed forces, security agencies, and law enforcement agencies, security and order have been fully restored in cities throughout the country." bin Laden also pointed out that Iranian law enforcement agencies will continue their work until all those involved in the recent riots and vandalism in Iran are identified and apprehended.

According to an Associated Press report, Federal Reserve Chairman Jerome Powell will appear before the U.S. Supreme Court on Wednesday for oral arguments regarding Federal Reserve Governor Tim Cook. This is an unusual public statement and show of support from the head of the U.S. central bank. The Supreme Court is hearing whether President Trump has the right to dismiss Cook, who was appointed by former President Biden. Sources familiar with the matter revealed that Powell plans to attend Wednesday's hearing. This is Powell's most public and direct support for Cook to date; Trump had attempted to remove Cook from office as early as the end of August last year. Previously, Powell revealed that the Trump administration had subpoenaed the Federal Reserve and threatened to bring unprecedented criminal charges against him. In a video statement released on January 11, Powell condemned these subpoenas as a "pretext," the real purpose of which was to force him to significantly lower the Federal Reserve's benchmark interest rate.