The S&P 500 index hits its 17th annual closing high

Nick Timiraos stated that the US House Financial Services Committee is considering a bill to amend the Federal Reserve Act, which aims to eliminate the Fed's dual mandate and focus solely on price stability. The bill proposes to amend Section 225a of Title 12 of the United States Code by deleting "maximizing employment and stabilizing prices" and replacing it with "stabilizing prices". Timiraos pointed out that if the bill had already taken effect at the time, the Fed's decision to cut interest rates last year would have been worth considering.

On chain monitoring shows that the address gammafund.eth of the suspected investment fund Gammafund sold 11200 ETH (approximately $224 million) at a price of $1999 per coin in March. Today, the address redeemed 5555 ETH (approximately $125 million) from ether.fi and transferred it to Binance, earning a profit of $287 million. In addition, the address is still applying to redeem approximately 5500 ETH, which is expected to be completed next week. (Ashes)

According to Onchain Lens monitoring, a giant whale deposited 2 million USDC into HyperLiquid and increased its short position in SP500 worth $37.67 million by 7 times. At present, the giant whale has a floating loss of over 2.19 million US dollars, with a liquidation price of 8104.85 US dollars.

On chain monitoring shows that the whale, which obtained 69400 ETH through an Ethereum ICO in 2015, transferred 69878 ETH (worth $157 million) to three new wallets after being dormant for six years. The ICO price of ETH was 0.311 US dollars back then, and this batch of ETH was worth 21600 US dollars at the time, now worth 156 million US dollars. (Ashes)

According to Onchain Lens monitoring, an Ethereum ICO participant transferred 790 ETH worth $1.78 million after being dormant for over 10.8 years. The participant initially invested only $246 and currently has a return of 7243 times. （Onchain Lens）