News

PANews, March 7th – According to monitoring by lookonchain, a whale spent 12.5 million USDC to purchase 6,228 ETH 14 hours ago, at an average price of $2,007. Previously, this whale did not time the market well, spending 32.6 million USDC after the "1011 crash" to buy 6,206 ETH ($22.6 million) and 92 cbBTC ($10 million), and later sold at a loss of $829,000 in November.

Golden Ten Data reported on March 7 that Kim Forrest, Chief Investment Officer of Bokeh Capital Partners, stated that the unexpected weakness in the non-farm payroll data indicates that the economy is experiencing volatility. We know that large-scale layoffs have already occurred. The difficulty in hiring during the COVID-19 period led companies to retain far more employees than actually needed, and many positions were in fact unnecessary. The methods we use to measure the economy do not necessarily convey the truly important information. Higher layoff rates and lower labor force participation rates provide the Federal Reserve with reasons to cut interest rates.

ChainCatcher News, according to Prnewswire, NYSE American-listed company Hyperscale Data announced that its bitcoin treasury holdings have increased to 610.9188 BTC, with a total market value of approximately $40 million. Its wholly-owned subsidiary Sentinum holds 564.7252 BTC (including about 440.2341 BTC acquired on the open market and about 124.4912 BTC obtained through its bitcoin mining operations), while another subsidiary, ACG, has acquired approximately 46.1935 BTC from the open market. The company's goal is to increase the value of bitcoin on its balance sheet to $100 million.