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BlockBeats News, May 26th, according to Coinglass data, if Bitcoin breaks above $80,000, the cumulative short liquidation strength of mainstream CEXs will reach $777 million. Conversely, if Bitcoin falls below $76,000, the cumulative long liquidation strength of mainstream CEXs will reach $634 million. BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, that is, the strength. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade when it reaches that point.

Glonghui, May 26｜Share prices of semiconductor companies with business operations in the Asian market rose: United Microelectronics ADR up 16%, ACM Research up 14%, Power Integrations up 18%, Wolfspeed up 9.1%, Navitas Semiconductor up 11%.

```htmlGolden Ten Data, May 26｜Futu Holdings and Upward Tech have rebounded, both rising more than 15%. Last Friday, the China Securities Regulatory Commission announced a comprehensive crackdown on illegal cross-border stock trading platforms, followed by penalties for cross-border brokerages conducting unauthorized business. Futu Holdings and Tiger Brokers were fined a total of more than 2.2 billion yuan. Affected by this news, Futu Holdings and Tiger Brokers plunged over 27% and 25% respectively on the day. On the news front, S&P Global Ratings issued a report stating that despite Chinese regulators' new round of rectification of Futu Holdings' mainland business, the company’s continued growth in non-mainland business is expected to keep business flows steady over the next two years. Since 2023, Futu has been diversifying its reliance on mainland business. By the end of March 2026, the proportion of mainland clients in its total paying customers had dropped from over 30% in 2022 to about 13%. S&P pointed out that Futu’s very strong capital level will be a key advantage during its business transformation. By the end of 2025, the company’s risk-adjusted capital ratio was 54.2%. In the bank's stress test scenario (assuming a 50% profit decline over the next year), Futu’s risk-adjusted capital ratio is still expected to remain far above 15%.```