1. FHFA director criticizes Federal Reserve Chairman Powell for disconnect from people's livelihoods.
The director of the Federal Housing Finance Agency (FHFA) criticizes Federal Reserve Chairman Powell, stating that 'Mr. Too Late' Powell is disconnected from hardworking Americans who spend money on auto loans, credit cards, and mortgages. - Original text
2. SEC plans to reform cryptocurrency broker rules, possibly granting custody rights to hedge funds.
SEC Chairman Atkins stated on Monday that the current framework allowing brokers to act as custodians for digital assets may need to be abolished and replaced, revealing that it is considering granting hedge funds the authority to self-custody crypto assets. Currently, there are only two institutions in the US with 'special purpose broker-dealer' licenses. Atkins pointed out during a digital asset roundtable that this sluggish response stems from 'significant restrictions' set by the previous administration. He emphasized: 'Brokers have never been prohibited from custodying non-security crypto assets or crypto securities.' However, he also noted that the SEC may need to clarify how customer protection and capital requirements apply to such institutions. Atkins has asked SEC staff to explore new paths for cryptocurrency regulation, including the feasibility of amending custody rules to allow hedge funds, trading firms, and investment advisors to self-custody digital assets. - Original text
3. Michael Saylor predicts Bitcoin will reach 21 million coins within 21 years.
4. A giant whale sold 5,000 ETH, achieving a return rate of over 200 times.
An ancient whale recharged 5,000 ETH to Coinbase 3 hours ago, worth approximately $12.11 million, and if sold would make a profit of $12.05 million, achieving a return rate of 20,090%. This address's ETH can be traced back to August 2016 when the ETH price was only about $12, and the last suspected large sale occurred six months ago; the whale still holds 5,000 ETH. - Original text
5. Negentropy Capital announces dissolution and liquidation of remaining funds.
Billywen.sol, founder of Negentropy Capital, announced on social media, 'After careful consideration, I've decided to dissolve Negentropy Capital, which I co-founded with two other partners, liquidating the remaining funds and investment project quotas of the negentropy fund. Partners will take what they deserve, and I will restart as a solo VC investor like Maigang. Recently, liquidity in the cryptocurrency sphere has dried up, and I see no hope, yet I feel a force compelling me to act, not just for profit but with a sense of mission. The cryptocurrency sphere has reached a transformative moment, a time to truly change traditional banking, payments, stock securities, and even fiat currencies!' Negentropy Capital had invested in projects such as Slerf, Taproot Chain, XShares, Her.AI, MetaGPT.AI, etc. - Original text
6. Hacken token plummets 97% due to security vulnerabilities, suspected of contract manipulation.
7. Large BTC transactions indicate a clear short-selling trend by the main force.
Large transactions in the last 12 hours show that the main force has sold a total of $14.39 million, with purchases only at $7.21 million, resulting in a net outflow of $7.17 million, and a buy-sell ratio reaching 1:2, indicating a clear short-selling trend. The latest large market sell order was executed at 17:46, amounting to $1.34 million, further intensifying short-term downward pressure. Although the current 2-hour cycle candlestick has formed a bullish pattern with three red soldiers, the price remains below the EMA24 and EMA52 moving averages, and the medium to long-term trend is still downward. The large transaction indicator accurately captures the main force's movements, leading the market to identify potential turning points. Subscribe to become a member to grasp the direction of the main capital and lock in profit opportunities in advance! Data sourced from PRO members [BTC/USDT Binance 2-hour] candlestick, for reference only, not constituting any investment advice. - Original text
8. Paradigm completes LDO liquidation, with a profit of approximately $28.13 million over 4 years.
Paradigm transferred its last 10 million LDO holdings 10 hours ago, worth approximately $7.42 million, which will flow into several centralized exchanges in the coming days. Paradigm purchased 70 million LDO from the Lido treasury four years ago at $0.76 each, sold 50 million at an average price of $1.31 each last November, and recently sold 20 million at an average price of $0.79 each over the past 11 days, with a comprehensive average transfer price of $1.16, resulting in an overall investment profit of approximately $28.13 million. - Original text
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