Bitcoin attempts 'fragile lift' as Fed signals patience on rate cuts

A proposal called "Bitcoin for America" suggests allowing US citizens to use Bitcoin to pay taxes, and the collected taxes will be deposited into a reserve fund. （Decrypt）

[Brother Machi has been liquidated 145 times since the '1011 crash'] According to Lookonchai monitoring, Brother Machi has been liquidated a total of 145 times since the '1011 crash,' with partial liquidations occurring again recently.

On chain data shows that Machi's ETH 25 times leveraged long position has been partially liquidated again due to market downturns, with cumulative losses exceeding $20 million. （Onchain Lens）

The address 0x4ed0 purchased 18447 ETH ($81.5 million, average $4417) and 1560 WBTC ($182 million, average $116632) through revolving lending, but lost over $68 million within 3 months. In the past three days, the address sold all 185018 ETH (56.41 million US dollars) at an average price of 3046 US dollars to repay debts, resulting in a loss of over 25 million US dollars. Currently holding 1560 WBTCs worth $138.56 million, with a floating loss of over $43 million. （Lookonchain）

[Goldman Sachs Expects Trend Hedge Funds to Sell Nearly $40 Billion in Stocks Next Week] Goldman Sachs pointed out in a report that if the S&P 500 index falls below 6725 points, trend-trading hedge funds may sell nearly $40 billion in stocks over the next week. Goldman Sachs estimates that if stock prices continue to decline, systematic trend hedge funds could sell as much as approximately $65 billion. These funds previously held about $150 billion in global equity positions. Goldman Sachs mentioned that the last similar occurrence was in October, and the earlier instance was on April 2, when U.S. President Trump announced a series of tariff proposals.