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- 06:55A member of the Russian Public Chamber suggests establishing a national-level crypto bank, following the example of Belarus.According to Jinse Finance, citing TASS, Evgeny Morozov, a member of the Russian Public Chamber, has suggested establishing a national-level crypto bank, following the example of Belarus. He stated that this would help bring shadow settlements worth hundreds of billions of rubles into a legal framework, increase federal budget revenues, and combat remote fraud and criminal financing. At the same time, a crypto bank could also provide Russian miners with a compliant channel to sell their mining proceeds. Currently, Belarus has already set up crypto exchanges and brokers in its High-Tech Park, achieving both the decriminalization of digital currencies and tax revenue growth.
- 06:45A whale sold 2,880 ETH and swapped for 110.56 cbBTC, making a profit of $4.64 million.According to Jinse Finance, Onchain Lens monitoring shows that a certain whale sold 2,880 ETH (12.67 million USD) after holding ETH for three months, and switched to 110.56 cbBTC at an average price of 114,597 USD. The whale's cost for buying ETH was 73.4 cbBTC (approximately 8.02 million USD), resulting in a profit of 4.64 million USD from this transaction, and an increase of 37.16 cbBTC in their cbBTC holdings.
- 06:45Michael Brown: Lower-than-expected PPI has no impact on the Federal Reserve's rate cut decisionAccording to ChainCatcher, citing Golden Ten Data, Michael Brown, Senior Research Strategist at Pepperstone, stated that the lower-than-expected US PPI data has no impact on the Federal Open Market Committee (FOMC) decision, and a 25 basis point rate cut next Wednesday is already a certainty. He added that money market pricing shows a slight probability of a 50 basis point rate cut, and if the CPI data is also weak, this expectation may further intensify.