ETH falls below the $2900 mark

[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.

[Uniswap Fee Switch Proposal UNIfication Approved by Vote] The Uniswap protocol fee switch proposal UNIfication has been approved with approximately 125 million UNI votes in favor versus 742 votes against. After a 2-day lock-up period, Uniswap Labs will burn 100 million UNI tokens and activate the fee switch mechanism for v2 and v3 versions on the Ethereum mainnet, while also burning UNI and Unichain fees.