Spot gold drops below $5,150 per ounce, while spot silver falls back below $85 per ounce.

Brother Ma Ji gets liquidated again! Lost 200,000 U over two nights, "Lost a total of 1.32 million USD this week," and still not giving up, opens a 25x ETH long position again

Taiwan's "Liquidation King" Huang Licheng has once again been fully liquidated on an Ethereum 25x leverage position, incurring a total loss of $29 million. This marks his 250th liquidation on the decentralized trading platform Hyperliquid. He continues to add to his positions with a "Never Surrender" attitude, even in the face of consecutive losses, persistently pursuing high-leverage trading.

PI (Pi) increased by 3.58% in the past 24 hours

Gate News Bot Message, February 24th, according to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.16, up 3.58% in the past 24 hours, with a high of $0.19 and a low of $0.16. The current market capitalization is approximately $1.511 billion. Pi is the first digital currency that can be mined on a mobile phone. It achieves mining on mobile devices through groundbreaking technology without draining the battery. PI adopts a decentralized design, providing a secure, tamper-proof, and interoperable digital currency; it also features a mobile-first approach, requiring no significant power consumption, and is user-friendly and easy to use. Users can start mining through a free mobile app, and simply need an invitation from an existing trusted member in the network to download the app and join. ### Important recent news about PI: 1️⃣ **Price rebound trend gradually established**

SHIB Exchange Inflows Surge 6% Amid Price Weakness

Shiba Inu's exchange netflow rose by 138 billion tokens in 24 hours, indicating increased selling intent and sustained supply pressure. The token struggles around $0.0000065 amid declining demand and heightened volatility, leading to cautious market positioning.

Most of the crypto sector is up today, with only the DeFi and PayFi sectors experiencing slight declines.

On February 24th, the SocialFi sector increased by 2.68%, with TON and CHZ rising by 3.05% and 3.57% respectively. The AI and CeFi sectors saw slight gains, while PayFi and DeFi experienced slight declines. The BTC price is around $64,000, and ETH has fallen below $1,900.

ETH falls below $1900! Behind the 22% plunge, Vitalik's "Five-Year Tightening" strategy

Currently, the Ethereum (ETH) market is experiencing a deep correction, mainly due to capital outflows and technical adjustments. Institutional investors are highly risk-averse, with whale sell-offs and founder holdings reduction intensifying market panic. The Ethereum Foundation has adopted a defensive financial strategy to ensure funding for technological development, while also planning internal network reforms to address centralization risks. Regulatory pressure is also increasing, as the EU is about to implement strict compliance standards that could impact the DeFi market. Overall, Ethereum is going through a phase of short-term pain coupled with long-term structural adjustments.

ZEC's largest long position continued to cut losses with a 300% loss, having previously bottomed out with an $8.5 million position ten days ago.

Hyperliquid early contributor Loracle opened a ZEC long position with 10x leverage on February 15, with a size of $8.5 million, becoming the largest on-chain long position. Currently, ZEC price has fallen to $237, resulting in a 316% loss. He has begun reducing his position, with holdings now down to $1.14 million.