Ethereum futures funding rates have surged, raising concerns over potential liquidation risks in the market, as highlighted in an analysis by Coinglass. Trader Gordon Grant noted that the increased leverage among traders could lead to significant market volatility. Concurrently, the crypto loan sector has seen a notable rise, with high-risk loans reaching a two-year high of $55 million. These loans are reportedly within 5% of their liquidation price, indicating that a slight dip in collateral value could trigger widespread liquidations. Additionally, the cash advance volume for the memecoin $APU has surpassed $1 million on the Teller platform, marking a significant milestone for its holders and positioning $APU as a key collateral asset for traders.