PANews reported on August 22 that according to Ai Yi's monitoring, the band address 0xC77...CbA28 liquidated 2,417 ETH 10 hours ago after holding it for 1 month. The average purchase price was US$3,672.4 and the selling price was US$4,257, with a single profit of US$1.41 million. The cumulative revenue from the last two bands exceeded US$2.8 million.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
