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Amidst the downturn, ETH has been notably impacted, with its performance in USD underwhelming compared to other assets throughout the year..
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![Most ETF investors more interested in crypto than bonds](https://img.bgstatic.com/multiLang/image/social/2671bd0fb76bce27d514117b42c0cdd81728600485306.png)
Share link:In this post: ETF investors see the vehicle as an essential tool to building robust portfolios. Millennials are the most likely cohort to choose crypto ETF, while also looking for other personalized investments. More ETF buyers are interested in crypto-based funds compared to the 2023 survey by Charles Schwab.
![Another 50 bps rate cut by the Fed is unlikely to happen again this year](https://img.bgstatic.com/multiLang/image/social/b7ddcdbe9a678849fb97db0a9be671821728600481301.webp)
Share link:In this post: A capital markets commentary mentioned that a 50 basis point rate cut by the Federal Reserve would be unlikely again this year. The commentary, The Kobeissi Letter, also explained that the previous Fed interest rate cut was too aggressive. The Federal Reserve initiated a 50 basis point interest rate cut on September 18, the first rate cut in four years.
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- 04:12F2Pool founder Chun Wang accelerates the sale of LDO, having sold 2.5 million in just 14 daysPANews reported on February 12th, according to Spot On Chain monitoring, F2Pool and Stakefish founder Chun Wang sold 2.5 million LDO in the past 14 days, exchanging them for a total of $4.5 million USDT. Since the end of a 10.5-month blank period on November 21st, 2024, he has cumulatively sold 6.1 million LDOs, cashing out $10.42 million at an average selling price of $1.708 per unit. Currently, he only has about 2.5 million LDO left (approximately worth $3.88 million), which is far less than the initial amount of twenty-million LDO that he received as a member of Lido DAO.
- 04:09Powell emphasizes patience in dealing with interest rate adjustments, U.S. stocks and cryptocurrency markets fall togetherOn February 12, Federal Reserve Chairman Jerome Powell said on Tuesday that given the overall strength of the economy, a stable labor market and inflation still above the 2% target, there is no need for the Fed to rush to adjust interest rates. This implies officials will remain patient on rate cuts. After Powell's speech, the three major US stock indices touched intraday lows at one point with mixed performances at close. The Dow Jones rose by 0.28%, S&P500 index increased by 0.03%, while Nasdaq fell by 0.36%. Most large tech stocks declined with Tesla plunging by 6.34%, marking its biggest single-day drop since December 18th; Nvidia ended its five-day winning streak. The cryptocurrency market followed tech stocks in decline; Bitcoin experienced significant fluctuations in the evening, dropping below $95k at one point and quoted at $95,962 when writing this article - a decrease of nearly1.92% over past 24 hours. Ethereum performed even weaker with prices falling nearly3%; currently quoted at $2,603 as most altcoins also saw significant declines.The overall market sentiment was pessimistic due to investors' clear concerns about uncertainties in macroeconomic policies. In terms of forex commodities,the dollar index fell by0 .35% ending a three-day rise while sterling pound,Euro,and Australian/New Zealand currencies performed well.Geopolitical tensions continued causing oil prices to rise for three consecutive days,Brent crude closed up almost1 .5%. After gold hit record highs for three consecutive days,investors began taking profits resulting in fluctuating downward trends throughout day.Spot gold dropped0 .32% breaking below$2900 . Markets generally believe that Powell's speech summarized Fed's roadmap for2025: if progress isn't made towards reducing inflation,rates will be maintained;if economic slowdown is more severe,rates will be cut.Data shows majority economists predict next Fed rate cut will only occur next quarter,contrary to previous expectations of a March cut.Over the next two days,the market will receive latest inflation data: US January CPI on Wednesday and PPI inflation data on Thursday.
- 04:07A certain whale transferred 25,306 SOL from CEX again 3 hours ago, equivalent to about 5 million US dollarsAccording to Lookonchain monitoring, 3 hours ago, a certain whale withdrew 25,306 SOL (5 million USD) from CEX. Yesterday, this whale spent 38,138 SOL (7.8 million USD) to purchase arc and ai16z.