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Dormant Whale Sells 350 ETH, Reaping Massive 446x Gain

An early Ethereum (ETH) investor who received 16,636 ETH in 2016 has sold a portion of their holdings, marking an extraordinary return on investment. According to on-chain data shared by EmberCN, the whale originally acquired the Ethereum for $5.23 per token, totaling $87,135. As of September 16, 2024, that same amount of ETH is worth more than $37.6 million, representing an astonishing 446x increase in value. Slumbering Trader Makes $819K Profit The investor, who held onto...

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Senator Warren Calls On Fed To Cut Interest Rates By 0.75% At Next Meeting

Bitcoin-skeptic Elizabeth Warren (D-Massachusetts) and other Democratic senators sent a letter to the Federal Reserve on Monday calling for far more aggressive rate cuts than the market expects. “We write today to urge the Federal Reserve (Fed) to cut the federal funds rate, currently at a two-decade-high of 5.3 percent, by 75 basis points (bps) at the Federal Open Market Committee (FOMC) meeting on September 17 and 18, 2024,” the senators wrote. “Too Late” To Cutting Rates...

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