ETH falls below the $3200 mark

[Machi Big Brother Deposits Approximately $200,000 into Hyperliquid to Replenish ETH Long Position] Jeffrey Huang's 25x leveraged Ethereum long position was partially liquidated during the market downturn. Jeffrey Huang deposited $199,879 into Hyperliquid to replenish his ETH long position, now holding approximately 3,100 ETH.

[“1011 Insider Whale” Long Position Value Reaches $662 Million] The BTC, ETH, and SOL long positions of the “1011 Insider Whale” have reached a value of $662 million, including: - A 5x leveraged Ethereum long position of 175,561.8 ETH, valued at $538.89 million; - A 5x leveraged Bitcoin long position of 1,000 BTC, valued at $89.94 million; - A 20x leveraged SOL long position of 250,000 SOL, valued at $33.13 million.

[Federal Reserve's Goolsbee: The Fed Must 'Take Away the Punch Bowl' to Fight Inflation] Federal Reserve's Goolsbee stated that sometimes, to combat inflation, the Fed must 'take away the punch bowl' (withdraw accommodative policies during economic overheating).

[SEC Approves Nasdaq's New Rule to Reject High-Risk IPOs] The U.S. Securities and Exchange Commission (SEC) approved a new rule on Friday, granting Nasdaq the authority to reject IPO applications that pose manipulation risks. Nasdaq can refuse listings if the company's business location does not cooperate with reviews, if underwriters or other institutions have been involved in problematic transactions, or if the integrity of the management is in question. This rule aims to address the issue of sharp price drops following small IPOs. Over the past year, half of Nasdaq's IPOs raised less than $15 million, and most of their stock prices fell by more than 35% within a year.