China Taiping Insurance and HashKey deploy US dollar currency funds on the blockchain, with a subscription scale of up to 100 million US dollars

The reorganization was pinned on Qubic, which has acquired over half of Monero's mining power last month and uses XMR rewards to buy and burn its own token.

Bitcoin traded in the red having failed to establish a foothold above $116,000 as whales rotated more funds into ether.

The company boosted its holdings to 638,985 BTC after a new acquisition worth about $60.2 million.

[Whale Address Sells 6,010 ETH for the First Time, Profiting $130 Million] According to on-chain data analysis, whale address 0x395...500 purchased 86,001 ETH at an average price of $3,023 between June 22 and August 12. Within one hour, it transferred 6,010 ETH (approximately $27.25 million) to Binance for the first time. The total profit of this address on ETH has reached $130 million.

[If the Federal Reserve Cuts Interest Rates, It May Drive Cryptocurrency Up] IG analyst Chris Beauchamp stated that if the Federal Reserve resumes interest rate cuts this week and signals further easing, cryptocurrency prices may rise. The market has already priced in a 25 basis point rate cut expectation, with approximately 81% of IG clients bullish on Bitcoin and 83% bullish on Ethereum.