Midday News 8.26
1. Trump Dismisses Fed Governor Cook
Trump has dismissed the sitting Fed governor for the first time, raising concerns about the independence of the Federal Reserve.
Cook's departure increases the likelihood of a rate cut in September, which may lower the dollar and provide short-term benefits to U.S. stocks and risk assets like Bitcoin.
2. Whales Increase BTC Holdings
A certain whale has purchased an additional 200 BTC (worth $22.4 million), bringing their total holdings to 2,419 BTC, valued at approximately $266 million.
3. Seven-Year Dormant Whale Takes Action
An ancient whale has taken profits from 4 ETH long positions, realizing nearly $49.45 million. Last night, they also staked 269,000 ETH to the ETH2 Beacon Chain.
4. UAE's Cryptocurrency Holdings
The UAE government holds approximately 6,300 BTC (worth $740 million) through Citadel Mining, ranking fourth in the world.
5. Whale Operations with ETH and HYPE
A whale deposited 7.49 million USDC into an exchange, opening short positions in ETH (20x leverage) and HYPE (10x leverage), while simultaneously buying ETH and HYPE in the spot market.
