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In the past 24 hours, the total network contract liquidation was 83.5135 million US dollars PANews reported on August 21 that according to Coinglass data, the cryptocurrency market saw a total of $83.51 million in contract liquidations over the past 24 hours, including $46.72 million in long liquidations and $36.78 million in short liquidations. The total liquidation amount for BTC was $23.03 million, and the total liquidation amount for ETH was $20.71 million. $BTC $ETH $BNB
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Federal Reserve mouthpiece: U.S. employment level revised by 0.5%, the largest since 2009 According to Odaily, after the revised data on US non-farm payrolls for March was released, "Fed mouthpiece" Nick Timiraos commented on social media that the data shows US employment growth was not as strong as previously reported each month. Over the 12 months ending in March, the US added 818,000 fewer jobs than previously reported, reducing the average monthly employment increase (previously 246,000) by 68,000 per month, with the specific monthly revisions to be officially published in February 2025. In addition to the total number, this report's revision to the employment level was 0.5%, the largest since 2009. $BTC $ETH $BNB
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Fed spokesperson: U.S. job growth is indeed not as strong as previously reported On August 21, after the release of revised non-farm payroll data for March in the United States, Nick Timiraos, a Wall Street Journal reporter known as the "mouthpiece of the Federal Reserve," stated on social media that the U.S. employment growth was not as strong as previously reported each month. Over the 12-month period ending in March, the United States added 818,000 fewer jobs than previously reported, reducing the average monthly employment figure (previously 246,000) by 68,000 per month, with the specific monthly revisions to be officially published in February 2025. In addition to the total number, this report's revision to the employment level was 0.5%, the largest since 2009. $BTC $ETH $BNB
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After the ZKsync Era airdrop, the daily revenue was only about $6,800, a significant drop from the previous high of $BTC Odaily Planet Daily Report: The Layer 2 scaling solution ZKsync Era has experienced a sharp decline in revenue. Last Sunday, the revenue plummeted to only $6,800, in stark contrast to the high of $746,000 before the airdrop. Historical data shows that this significant drop coincides with the token airdrop of the project on June 24, when 3.675 billion ZK tokens (17.5% of the total supply) were provided to eligible wallets. Despite high expectations, this airdrop has led to a massive outflow of network users and liquidity, with the daily trading volume dropping from a peak of 1.8 million transactions to only 200,000 transactions. (The Block) $BTC $ETH $bnb
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ZKsync Era network revenue dropped 90% after airdrop, with revenue of less than $7,000 last Sunday On August 21, according to The Block data, the Layer 2 scaling solution ZKsync Era plummeted after the airdrop on June 24, with last Sunday's revenue dropping to only $6,800, in stark contrast to the peak daily revenue of $746,000 before the airdrop (a 99.088% decline). Furthermore, this airdrop has led to a massive exodus of users and liquidity from the network, with daily transaction volume declining from a peak of 1.8 million to only 200,000. The Block stated that this situation is not limited to the ZKsync Era Layer 2 project, as the GML2 index, which tracks Layer 2 tokens, has declined 66% from its March highs, indicating that the entire industry is facing challenges. The post-airdrop decline pattern has raised questions about the effectiveness of token distribution strategies in the current market environment. While airdrops are intended to reward early adopters and drive network effects, they seem to be increasingly triggering short-term speculation, followed by rapid sell-offs. $BTC $ETH $BNB
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