ETH falls below the $2100 mark

According to the Washington Post on the 24th, the United States and Iran have reached an agreement on a memorandum of understanding framework, which will fully restore shipping in the Strait of Hormuz within 30 days after signing.

Grayscale Chairman Barry Silbert stated that the "privacy" era of cryptocurrency has officially begun. （Cointelegraph）

BBX News: Over the weekend, global listed companies have experienced a truly historic confirmation of ownership in the encrypted compliance channel and institutional infrastructure map. Without vague expectations, the market is completely ignited by the most decisive regulatory approvals and legislative votes: ——Core asset upgrade: The 19b-4 documents of giants such as BlackRock, Inc. (NYSE: $BLK) and Franklin Resources, Inc. (NYSE: $BEN) have been approved, and Ethereum has officially risen from a "tech geek asset" to a Wall Street compliant commodity. ——The infrastructure winner takes all: Coinbase Global, Inc. (NASDAQ: $COIN) has taken over the vast majority of ETF custody business, proving that in a highly compliant market with high license requirements, top trading platforms have an unshakable moat. ——Establishment of regulatory framework: The passage of FIT21 bill marks the end of the long-standing jurisdictional dispute between SEC and CFTC that has plagued cryptocurrency concept stocks. The market presents a clear dual evolution trend of "comprehensive opening of multi asset compliance channels" and "oligopoly monopoly of core infrastructure service providers". Source: bbx.com

According to Hyperinsight monitoring, the $252 million position of the largest on chain ETH long "BIT Linked Whale" is still in a loss making state. The ETH price retreated to around $2000 over the weekend, and the floating loss expanded to $272 million at one point. As of press time, due to a slight rebound in the market, the floating loss has narrowed to $193 million. The giant whale has dispersed its layout on Hyperliquid through four addresses, with a total long position of 120000 ETH, an overall weighted leverage of about 18 times, and a comprehensive average entry price of about $2270. This address belongs to the digital financial services group BIT, which has previously long ETH on a scale of hundreds of millions and made profits exceeding $50 million.

According to Hyperbot data, Huang Licheng's latest 25 times leverage Ethereum multi order partially flattened and continued to increase his position. Currently, he holds 5950 ETH with a position value of approximately $125 million, a floating profit of $25000, and an investment return rate of 5.05%.