[Crypto Fear Index Drops to 16, Market Remains in 'Extreme Fear' State]
Today's Crypto Fear and Greed Index is 16, down from 21 yesterday, with the market still in an 'Extreme Fear' state.
As the market fell, a certain whale closed its ETH long position, resulting in a loss of $5.86 million in this operation. Overall, the giant whale has returned its profits and currently has a total loss of $2.4 million. （Onchain Lens）
[PayPal Applies for Utah Industrial Bank Charter to Establish Lending Institution PayPal Bank]
Payment company PayPal (PYPL) announced that it has applied for a Utah industrial bank charter with the aim of creating a lending institution named PayPal Bank. The plan includes providing commercial loan solutions for small businesses, offering interest-bearing savings accounts, collaborating with credit card networks, and applying for deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC). Although this announcement did not mention cryptocurrency-related business, the company operates the PYUSD stablecoin in partnership with Paxos and has recently added wallet-to-wallet cryptocurrency transfers and a 'Pay with Crypto' feature for merchants.
1. Ma Ji deposited 249839 USDC and ETH multiple orders into Hyperliquid, but the ETH multiple orders were partially liquidated, resulting in a total loss of over 22.7 million US dollars
2. Federal Reserve Collins supports interest rate cuts but says it's difficult
3. Federal Reserve's Williams says slowing employment supports interest rate cuts
4. The Trump family's support for American Bitcoin increases holdings by 261 BTC
5. SEC Chairman claims that Bitcoin and cryptocurrency are the world's most advanced financial systems
6. The National Data Administration of China and three other parties have signed a memorandum of understanding to carry out cooperation in blockchain and other technologies
The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/506672
[34,552,500 SKY Transferred Out of Coinbase Prime, Worth Approximately $2.01 Million]
34,552,500 SKY (worth approximately $2.01 million) was transferred out of Coinbase Prime to an anonymous address starting with 0x824F.
[New Wallet Withdraws 3,301 ETH from Kraken and Purchases 51,373 AAVE]
A newly created wallet withdrew 3,301 ETH (worth $9.75 million) from Kraken and used it to purchase 51,373 AAVE at an average transaction price of $189.79.