Trump's Iran War Causes US Oil Stocks to Drop to Lowest Level Since 2004

Serenity posted on the X platform that they bought IBIT and ETHA through band trading at the prices of 62000 Bitcoin and 1750 Ethereum, emphasizing that it was a short-term operation and not a long-term holding. He stated that the decline in market prices has had a negative impact on stocks such as Robinhood (HOOD) and Coinbase (COIN).

According to on chain analyst Yu Jin's monitoring, Ethereum treasury company FG Nexus transferred 10000 ETH (approximately $18.16 million) to Galaxy Digital four hours ago. The company previously purchased 50600 ETH at an average price of $3940, with an investment amount of $200 million. Due to market downturn, it incurred a loss of $88.83 million. Since November last year, it has reduced its holdings of 38300 ETH (approximately $89.17 million), with an average reduction price of $2329.

The new stock guru Serenity posted on X platform that if the US CLARITY Act is pushed forward in its current direction, it may benefit the traditional banking system, but restrict some innovation in the cryptocurrency field and products that compete with banks, and have an impact on market liquidity. He believes that the current valuations of cryptocurrency concept stocks such as Coinbase, Robinhood, and Circle may be attractive to wave traders.

Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts. What to know : Bitcoin fell below $62,000 in Hong Kong trading, sparking more than $1.5 billion in leveraged crypto liquidations over 24 hours, including over $800 million in bitcoin and $386 million in ether positions. The sell-off came amid persistent institutional weakness, with U.S. spot bitcoin ETFs seeing about $1 billion in net outflows this week, extending a record streak of withdrawals. Analysts at Presto Research say bitcoin’s slump reflects competition from gold and artificial-intelligence stocks as investors reassess Federal Reserve rate-cut prospects, suggesting a rebound may hinge on easing inflation worries and renewed demand for liquidity-sensitive assets.

Monitoring shows that former ConsenSys ambassador Russell Verbeeten proposed 20400 ETH (worth $373 million) from Aave after a year and distributed it to 10 new addresses. 4144 ETH from one of the addresses has been recharged to the Coinsquare exchange, while the remaining tokens have not been transferred or sold yet. (Auntie Ai)