News linked to both this project and an event.
According to The Wall Street Journal, North Carolina Republican Senator Thom Tillis said Sunday local time that he would support the confirmation of Kevin Warsh as Federal Reserve Chair, thereby clearing the final major hurdle for Trump’s chosen successor to Powell. Tillis had refused for months to vote in favor of Warsh, stating he would not advance any Fed nominee’s confirmation while the Justice Department’s criminal investigation into Powell remained ongoing—calling the probe an attack on the central bank’s independence. However, that investigation appears to have concluded last Friday. (Jin10)
Odaily News Trader 0xSun posted stating that news-driven trading remains one of the more cost-effective strategies in the current crypto market, with its core lying in the directionality and volatility brought by events.Reviewing several recent events, including abnormal ETH transactions, Arc fee adjustments, TAO ecosystem changes, RAVE-related investigations, and the KelpDAO security incident, all triggered significant price fluctuations within a short period. He believes that participating in such opportunities relies on either the speed of information acquisition or the ability to judge the impact of events.Furthermore, he indicated that as the recent altcoin market has gradually cooled down, he has resumed the strategy of going long on BTC while hedging by shorting some altcoin assets. He believes that against the backdrop of relatively weak liquidity and the fading of certain narratives, the overall performance of altcoins may face relatively more pressure.
According to on-chain analyst Onchain Lens (@OnchainLens), Kelp DAO lost approximately $294 million in the cross-chain bridge exploit. As a result, $ZRO dropped from $2 to $1.40. A whale holding a long $ZRO position on HyperLiquid was partially liquidated, incurring a loss of $2.88 million. The whale still holds the position, with an unrealized loss exceeding $750,000 and a total loss of approximately $28.98 million.