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Josh Stevens, VP of Engineering at Polymarket, stated on the X platform that the platform's business growth has exceeded the capacity of its infrastructure. The team is now focused on system upgrades, including optimizing on-chain data latency, advancing chain migration, resolving trade cancellation issues, improving website responsiveness, and reconstructing the CLOB system. They are also developing a unified TypeScript SDK, new contracts, and a perpetual contract system, and are collaborating with four security teams to ensure fund safety. He acknowledged the current lack of engineering capability, promised weekly updates, and said the coming months will prove everything.

Video user attrition has improved, with the loss now only one-third of what it was during the same period last year; however, due to fierce competition, the number of internet users decreased by 120,000 this quarter.Revenue and Profit: First-quarter revenue declined by 1% year-on-year, mainly due to a drop in residential video income. Excluding Cox transaction-related costs, adjusted EBITDA fell by 1.8% year-on-year.Future Growth Logic: Despite industry growth pressure, the company's confidence comes from three key pillars: a robust advanced network, an operations strategy based on products and pricing, and continual improvement in customer satisfaction (NPS-driven incentive mechanism).Expand

According to ChainCatcher, citing Coinglass data, if BTC surpasses $81,151, total short liquidations on major CEXs will reach $1.645 billion. Conversely, if BTC falls below $74,199, total long liquidations on major CEXs will reach $1.446 billion.