News

Jinse Finance reported that Citadel founder Ken Griffin stated that as the Federal Reserve shifts its focus to the labor market, he expects the Fed to cut interest rates once more in 2025. Griffin said, "I think they will cut rates once more this year, at most twice. The Fed is concerned about the labor market because we are indeed seeing a decline in the number of new jobs created." Griffin added, "It's hard to know exactly where we are in the labor market right now. What we do know is that without the influx of immigrants, U.S. population growth would be much lower, which would reduce our ability to create new jobs." As the founder of a major hedge fund and market-making firm, Griffin has consistently advocated for the independence of the Federal Reserve. Griffin also opposed Trump's proposal to require listed companies to report financial results semiannually instead of quarterly. He told CNBC that he does not understand the benefit of withholding information from the market.

According to ChainCatcher, Onchain Lens monitoring shows that in the past 16 hours, five newly created addresses have withdrawn 173,654 ETH from FalconX, worth $707.5 million.