News

According to Odaily, ComericaBank Chief Economist Bill Adams stated in a report that the view of the Federal Reserve FOMC committee is that the momentum of U.S. economic growth appears solid, but the inflation rate remains too high. Against this backdrop, the Federal Reserve will keep short-term interest rates unchanged before Powell's term ends in May. In 2026, economic growth will be supported by favorable factors such as lower interest rates, increased government spending, last year's rate cuts by the Federal Reserve, and improvements in the real estate market. The ongoing artificial intelligence boom and the refund of reciprocal tariffs abolished by the Supreme Court last week will also provide further support for economic growth. The biggest downside risk to economic growth comes from labor supply bottlenecks, which could trigger a rebound in inflation. (Golden Ten Data)

Sources say RedotPay may go public in the US as early as this year, possibly seeking a valuation of over $4 billions in its IPO. (Bloomberg)

BlockBeats News, February 24th. According to Coinbob Popular Address Monitor, the on-chain ETH whale (0xa5b…) currently holds a 15x leveraged ETH long position, with the floating loss expanded to $11.8 million, a loss percentage of 138%. Its current position size is about 70,000 ETH, equivalent to $127 million, with an average entry price of $1991, making it the largest ETH long position address on the Hyperliquid platform. Yesterday, this address significantly increased its position again at an average price of $1880, adding 10,000 ETH long positions, totaling $18.8 million. Since December last year, it has cumulatively deposited $55 million into Hyperliquid, with the current account funds around $34.3 million, and a fund withdrawal of over $23.8 million in the past 30 days. This whale had previously established an ETH long position of over a billion dollars at the end of last year and closed it all in February this year, holding about 60,000 ETH. Since then, it has repositioned itself, continuing its trading style of high-volume buying and selling, and swing trading with a volume of over a billion dollars.