UInt64 and "The operation overflows at compile time in checked mode" - CS0220

This feels like a stupid question, but I can't seem to see the answer. I have an UInt64, which is supposed to have a max value of

UInt64.MaxValue 18446744073709551615

However, when I try to assign a modest-sized number, I get this overflow error of "The operation overflows at compile time in checked mode". If I wrap it in an "unchecked" block then it compiles, and runs as if this variable is zero:

UInt64 value1 = 1073741824 * 8; // Compile error CS0220
UInt64 value2 = 8589934592;     // Actual value - no error

Why is this happenning?