News

BlockBeats News, February 5th. According to Ember Group monitoring, as Ethereum dropped to the $2000 level, a whale holding a large leveraged position was forced to liquidate. The investor had collateralized 23,800 ETH (worth around $48.56 million) to borrow 35.27 million DAI, with a liquidation price of $1800. With the current price only $250 away from the liquidation line, the whale has urgently sold 238 ETH to obtain 488,000 DAI for repayment.

According to a report by Bijie Network: Empery Digital Inc. (NASDAQ: EMPD) has reiterated its commitment to bridging the gap between enterprise value and net asset value (NAV) through value-added stock buybacks. The company plans to fund the buybacks by selling bitcoin, drawing on debt, or a combination of both, and its board of directors has recently increased the scale of the buyback program to $200 millions. Management believes that this strategy of repurchasing shares at prices below NAV will enable the per-share NAV to grow faster than bitcoin, thereby maximizing shareholder value. Management also noted that a complete liquidation of bitcoin is mathematically not the optimal choice.

According to CoinWorld, Secured Finance has integrated the tokenized money market fund token uMINT, distributed by UBS Group through DigiFT, into its DeFi protocol as qualified collateral. Users can now stake uMINT to obtain on-chain liquidity for USDC, JPYC, and other supported tokens, marking an important step forward in the use of tokenized real-world assets for practical financial purposes (not just issuance).