ETH, SOL, ADA slump as bitcoin weakness lingers despite record stocks jump

[A Whale Closes BTC, ETH, and SOL Short Positions, Profiting Over $3.96 Million] According to Onchain Lens monitoring, a whale who previously sold 255 BTC for shorting on HyperLiquid has fully closed BTC, ETH, and SOL short positions, with total profits exceeding $3.96 million.

[The People's Bank of China Proposes Improving the Market-Based Interest Rate Transmission Mechanism] The People's Bank of China held a meeting to study the next phase of monetary policy approaches, proposing the comprehensive use of various tools to strengthen regulation, enhance the guidance of central bank policy rates, improve the market-based interest rate formation and transmission mechanism, focus on changes in long-term yields, smooth the monetary policy transmission mechanism, and improve the efficiency of capital utilization. At the same time, it aims to enhance the resilience of the foreign exchange market, stabilize market expectations, prevent excessive exchange rate adjustments, and maintain the basic stability of the RMB exchange rate.

[Pre-mined address dormant for over 10 years activated, 2000 ETH transferred] Whale Alert monitoring shows that a pre-mined address containing 2000 ETH was activated after being dormant for 10.4 years. These ETH are currently valued at approximately $5,859,571, whereas in 2015, they were worth only $620.

[Offshore RMB Breaks 7.0 Against the USD] According to Sina quotes, the offshore RMB against the USD once broke the 7.0 mark, with a low of 6.9999.

[Mt. Gox Hacker Transfers 1,300 BTC Within 7 Days, Still Holds 4,100 BTC] According to monitoring by Arkham analyst Emmett Gallic, entities related to Mt. Gox hacker Aleksey Bilyuchenko have deposited 1,300 BTC into unknown trading platforms over the past 7 days, with a total value of approximately $114 million. The associated addresses currently still hold 4,100 BTC, valued at approximately $360 million, and have sold a total of 2,300 BTC.