Hong Kong Monetary Authority raises benchmark interest rate by 25 basis points to 4.25%

A whale shorted 8120 ZECs worth $10.11 million at 10 times the price of $1245 before the Federal Reserve's interest rate decision. Three hours later, the interest rate decision was announced, and the ZEC price rose above $1390. The whale's short positions were all liquidated, resulting in a loss of $890000. (Ashes) AI interpretation: The Federal Reserve's interest rate decision, as a core macroeconomic indicator, directly dominates the severe fluctuations in the cryptocurrency market. The liquidity shock triggered by this event led to the rapid liquidation of highly leveraged short positions, fully reflecting the devastating impact of the expected shift in monetary policy on speculative funds. The immediate reaction of the market after the announcement of the resolution proves the absolute pricing power of macroeconomic policies over asset prices. This type of liquidation event is an inevitable result of the market's risk clearing after the interest rate decision is implemented, reflecting the painful cost of investors' failure in the key macro node game.

Paradigm co-founder Matt Huang stated in an article that providing funding for developer funds through inflation mechanisms is a feasible way to address public goods financing. In the context of AI and quantum technology development, Zcash developer funds are of great significance. Matt Huang suggests that governance relying solely on voting rights may bring unpredictability and affect the long-term trust of Zcash as a monetary asset. Zcash is more suitable for combining voting rights with other governance methods. Paradigm is an investor in ZEC and ZODL. ZEC briefly broke through $1385, setting a new historical high.

Upbit announced that it will launch PYUSD and JPYC tokens in the Korean won, BTC, and USDT markets.

The spot gold price has exceeded 4290 US dollars per ounce, with a intraday increase of 0.66%.

A multi signature wallet of WLFI transferred 88 million WLFIs worth approximately 5.09 million US dollars to Binance. This address has cumulatively transferred 248 million WLFIs worth approximately 13.55 million US dollars to Binance in the past month.