PANews reported on June 19 that according to Aunt Ai, the wallet address 0xF89…8AEfe created in 2018 bought 1,501 ETH at an average price of $2,530 five hours ago, with a total value of about $3.797 million. This is the fourth time the whale has conducted ETH operations in four years, and the previous three operations have realized a cumulative profit of $528,000.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
