Whale address bought 5042 ETH with a total value of 14.26 million US dollars

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[Federal Reserve Rate Cut Expectations Rise, Gold Prices Remain Stable on Monday] Gold prices remained stable on Monday as rising expectations for a Federal Reserve rate cut next month partially offset the pressure from a stronger dollar. Ole Hansen, Head of Commodity Strategy at Saxo Bank, stated that after New York Fed President Williams hinted that a weakening labor market might create room for rate cuts, investors are assessing the prospect of another rate cut by the Federal Reserve, keeping gold prices steady. On Friday, Williams said that U.S. interest rates could decline without jeopardizing the Fed's inflation target while guarding against a downturn in the labor market. According to CME FedWatch data, following Williams' dovish remarks, the probability of a rate cut next month rose from 40% to 72%.

[European Central Bank: Rapid Growth of Stablecoins Requires Enhanced Monitoring] In the financial stability assessment preview released on Monday, the European Central Bank stated that although current financial stability risks are limited, the rapid growth of stablecoins warrants close attention. The central bank pointed out that stablecoins are developing rapidly and may be adopted in new application scenarios, which could pose financial stability risks in the future.

[South Korean Exchange Upbit Plans to Apply for Nasdaq IPO After Merger] South Korea's largest exchange, Upbit, will seek to conduct an initial public offering (IPO) on Nasdaq after the merger.