ETH falls below the $2900 mark

[The People's Bank of China Conducts 930 Billion Yuan 7-Day Reverse Repo Operation] The People's Bank of China conducted a 930 billion yuan 7-day reverse repo operation today, with both the bidding amount and the transaction amount at 930 billion yuan. The operation rate was 1.40%, unchanged from the previous level.

[Peter Schiff: Gold Near $4,530, Inflation Rate Returning to 2% Is Unrealistic] Economist and cryptocurrency critic Peter Schiff posted on the X platform, stating that gold prices have risen by $50, nearing $4,530; silver prices have increased by $3, trading just 10 cents below $75. He remarked that if the market believes inflation can return to 2% during a record-breaking rally in precious metals, it is a misjudgment.

On-chain analyst Ai Yi's monitoring shows that the 2,683.68 SOL long orders placed by the 'BTC OG Insider Whale' have all been filled. Currently, the value of SOL holdings is approximately $61.57 million, with an average entry price of $130.19 per coin, resulting in an unrealized loss of about $5.03 million. The total position value of the 'BTC OG Insider Whale' is $740 million, with a cumulative unrealized loss of approximately $58.04 million. The whale also holds $87 million worth of BTC long positions (entry price $91,506.7) and $590 million worth of ETH long positions (entry price $3,147.39).

[Japanese 2-Year Government Bond Yield Hits Record High of 1.155%] The yield on Japan's 2-year government bond rose to 1.155%, reaching a historic high.

[Spot Silver Breaks $75 to Hit a Record High] The price of spot silver has surpassed $75 per ounce, setting a new all-time record.