The People's Bank of China launches a 7-day reverse repo operation worth 76 billion yuan
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The People's Bank of China launched a 7-day reverse repurchase operation worth 76 billion yuan today, with a bid volume of 76 billion yuan and a median amount of 76 billion yuan, and an operating interest rate of 1.40%.
According to Lookonchain monitoring, since June 30th, Whale Address 0x2684 has purchased a total of 54449 ETH (approximately $94 million) at an average cost of $1726; Accumulated purchase of 600 WBTCs (approximately $38.37 million), with an average cost of $63950. The address has not yet achieved a floating profit exceeding 12.5 million US dollars.
The US House of Representatives has passed a temporary funding measure to provide federal agencies with funds until the November midterm elections to avoid a government shutdown.
Torab, CEO of Move Industries, stated on X platform that Move Industries is a team of developers in the Movement ecosystem and has no affiliation with Movement Labs, which has filed for bankruptcy, and is not involved in the bankruptcy case. Torab revealed that Move Industries has an online and licensed stablecoin payment channel, and has recently discussed stablecoin adoption with the Ethiopian Central Bank.
Bernstein analyst Gautam Chhugani stated that Robinhood expects market revenue to surpass cryptocurrency trading revenue as early as the second quarter of this year, and predicts that market revenue will approach $2 billion annually in 2028. Additionally, Bernstein has raised its HOOD target price from $130 to $160.
