PetroKul

Trump threatens to fire the head of the Federal Reserve, Cook
According to BlockBeats, US President Donald Trump stated that he would fire the head of the Federal Reserve, Cook, if she does not resign. This announcement highlights the ongoing tension between the Trump administration and the Federal Reserve. The president's remarks underscore his dissatisfaction with the current direction of monetary policy and his willingness to take decisive action to influence it.

Powell's Soft Remarks Triggered Market Surge
According to Foresight News, recent comments from the Chair of the U.S. Federal Reserve, Jerome Powell, perceived as dovish, have caused a market rise. This surge resulted in a significant increase in unrealized gains of a certain trader's long positions, which now amount to $3.01 million. The realization of these gains will depend on when the trader decides to sell the position.

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Whale sells Ethereum with significant profit in August
According to TechFlow, on August 22, a major Ethereum holder identified by an address starting with 0x7C10 sold 2,217 ETH worth approximately 9.5 million dollars. This transaction was monitored by the blockchain analysis platform Lookonchain. Ethereum was initially purchased three months ago at a lower price, resulting in a profit of 4 million dollars from this sale.

The Philippines Proposes Strategic Bitcoin Reserve for National Security
According to Foresight News, Philippine Congressman Migs Villafuert has introduced Bill 421, proposing the establishment of a strategic bitcoin reserve for the country. The bill stipulates that Bangko Sentral ng Pilipinas (BSP) should purchase 2000 bitcoins annually for five years, totaling 10,000 bitcoins. This reserve is planned to be held for 20 years to strengthen national security and stabilize government debt.

The whale increases its long position in Ethereum to 4,826 ETH
According to BlockBeats, on-chain analyst Ai Yi reported that the whale has increased its long position in Ethereum to 4,826 ETH, valued at approximately $20.67 million. The whale employed a 25x leverage with initial investments of $125,000.
Three hours ago, the whale added 800 ETH to its position, maintaining a high margin level of 99.42%. The current opening price is $4,262.64, and the liquidation price is set at $4,194.38.

Dynamics of the Bitcoin and Ethereum Market Against the Background of Economic Changes
According to BlockBeats, Amberdata's derivatives director Greg Magadini described Bitcoin as a combination of digital gold and a risk asset. This dual nature is influenced by the rising stock market and pressure on the Federal Reserve to lower interest rates. Despite some critics who view Ethereum as outdated technology, it maintains a robust developer ecosystem similar to the iPhone platform, allowing developers to build applications directly on its infrastructure.
These network effects are expected to continue to accumulate, leading to forecasts that the price of Ethereum will follow the upward trend of Bitcoin, potentially reaching a range of $8,000 to $10,000.

The Seoul Court Orders Wemade to Compensate Employees in the Case
According to Foresight News, the Central District Court of Seoul partially ruled in favor of current and former employees of Wemade in a compensation case against the company. The court ordered Wemade to pay a total of 9.93928 billion Korean won (approximately 7.14 million USD) to the plaintiffs.
In July of last year, 27 current and former executives and employees of Wemade filed a lawsuit seeking compensation of 16.17648 billion Korean won. Among the plaintiffs, a former employee of the Wemade subsidiary, Wemade Tree, claimed that the company promised payments that were not fulfilled, prompting legal action.

Tyr Capital launches market-neutral crypto hedge fund
According to BlockBeats, the Swiss digital asset management company Tyr Capital has announced the launch of a new hedge fund that is independent of the cryptocurrency market. The fund aims to provide profits to investors through market-neutral and arbitrage strategies, using a diverse portfolio of strategies to remain independent of market direction.