ETH falls below the $3100 mark

[USDC Treasury Mints 85 Million USDC on Solana] USDC Treasury has minted an additional 85 million USDC on the Solana blockchain.

In the past hour, the clearing amount in the cryptocurrency market has exceeded $185 million. （Cointelegraph）

[Machi Big Brother Deposits Approximately $200,000 into Hyperliquid to Replenish ETH Long Position] Jeffrey Huang's 25x leveraged Ethereum long position was partially liquidated during the market downturn. Jeffrey Huang deposited $199,879 into Hyperliquid to replenish his ETH long position, now holding approximately 3,100 ETH.

[“1011 Insider Whale” Long Position Value Reaches $662 Million] The BTC, ETH, and SOL long positions of the “1011 Insider Whale” have reached a value of $662 million, including: - A 5x leveraged Ethereum long position of 175,561.8 ETH, valued at $538.89 million; - A 5x leveraged Bitcoin long position of 1,000 BTC, valued at $89.94 million; - A 20x leveraged SOL long position of 250,000 SOL, valued at $33.13 million.

[Federal Reserve's Goolsbee: The Fed Must 'Take Away the Punch Bowl' to Fight Inflation] Federal Reserve's Goolsbee stated that sometimes, to combat inflation, the Fed must 'take away the punch bowl' (withdraw accommodative policies during economic overheating).