The probability of appointing Kevin Warsh as Chairman of the Federal Reserve has risen to 85% according to data from PredictIt, while the chances of appointing Rick Rider from BlackRock have decreased to 8%. This change reflects increasing market speculation ahead of Trump's expected announcement tonight regarding the nomination.
2. Ethereum Security Fund The Ethereum Foundation and Vitalik Buterin are establishing a security fund worth $220 million using unclaimed Ethereum from TheDAO hack in 2016. This initiative aims to enhance the security of the ecosystem by repurposing funds derived from one of the most infamous incidents in the crypto world as a protective mechanism for the integrity of future protocols. 3. Kazakhstan's Bitcoin Reserves The NIC company, a subsidiary of the Kazakh central bank, plans to add $350 million of confiscated Bitcoin to the national strategic reserves alongside gold and foreign currencies. This pioneering step dedicates the confiscated crypto as a long-term reserve asset, marking a significant shift in the strategy for managing sovereign digital assets. 4. BNB Chain Activity The number of active addresses on BNB Chain has tripled over the past 18 months, indicating strong network growth and increased adoption rates. This metric reflects the expanding use of the platform and the evolution of the ecosystem on the BNB Chain, demonstrating positive momentum for network effectiveness and engagement levels. 📊 Market Transformations 1. BTC/ETH Price Decline The price of BTC fell below $82,000 to $81,965, down 7.54% in the past 24 hours. The price of ETH also dropped below $2,700 to $2,697, down 10%. In the last hour, there were liquidations exceeding $7.78 billion, of which $7.67 billion was from long positions. The market-wide liquidation reflects a significant deleveraging.
100 million USDC ($100.06 million) has been transferred from Coinbase Institutional to an unknown wallet, indicating a significant liquidity movement.
The Trend Research team withdrew 109.1 million USDT from Binance to pay off loans after the price of ETH dropped, reducing leverage from 2.4x to 2.2x.
Machi incurred losses exceeding $25.88 million after liquidating his long position on ETH with a 25x leverage, but immediately opened another long position with a 25x leverage.
