Dogecoin surged over 15% to just above 10 cents as of Tuesday's early Asian trading, making it the top gainer among major tokens. Bitcoin was flat in the past hour at $85,600, after rising approximately 5% in the preceding 24 hours, primarily driven by forced short liquidations. According to CoinGlass data, over $1 billion in crypto market positions were liquidated in the past day, with $844 million (82%) belonging to short positions. Bitcoin accounted for approximately $608 million of the day's total liquidations, while Ethereum accounted for $181 million. Meanwhile, Asian equities performed strongly, with the MSCI Asia Pacific Index rising nearly 1% for the fifth consecutive trading day, led by chipmakers Samsung Electronics and SK Hynix, following the initial success of Meta Platforms' AI agent and AMD's potential to surpass a $1 trillion market capitalization. Alibaba announced on Tuesday that it is launching what it calls China's "most powerful AI chip," an accelerator designed to compete with NVIDIA, boosting its Hong Kong-listed shares.