On the 28th Beijing time, some cryptocurrencies experienced a sharp decline. As of the time of writing, ZEC fell nearly 6% within 24 hours, HYPE dropped 3.50%, BNB and Solana fell nearly 2%, XLM and XMR dropped over 2%, Ethereum decreased by 0.32%, and Bitcoin slightly rose by 0.12%. According to CoinGlass data, $100 million in cryptocurrency positions were liquidated across the network in the past 12 hours. In terms of news, the U.S. military launched a new round of strikes on targets within Iran. Trump warned Iran that if it defaults again, it will face devastating consequences. On the same day, the Israeli military again attacked southern Lebanon, despite the recent framework agreement reached between the U.S., Israel, and Lebanon, with the leader of Hezbollah condemning the agreement as invalid