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Over $280 million in short liquidations as ether rallies on renewed ETF optimism
Over $280 million in short liquidations as ether rallies on renewed ETF optimism

Volatility in the crypto market has caused over $280 million in short liquidations over the past 24 hours.Ether positions saw almost $98 million in liquidated shorts after ETH surged over 22% in a day.

The Block·2024/05/21 14:37
Do potential spot Ethereum ETF approvals signal a shift in US crypto policy?
Do potential spot Ethereum ETF approvals signal a shift in US crypto policy?

Analysts dramatically raised the odds of spot Ethereum ETF approvals yesterday amid signs of a 180 from the Securities and Exchange Commission.Last week’s Senate vote to overturn the SEC’s Staff Accounting Bulletin 121 could be behind a potential emerging alliance between Wall Street, crypto and Washington.

The Block·2024/05/21 14:01
Ether futures open interest hits record $14 billion on centralized exchanges
Ether futures open interest hits record $14 billion on centralized exchanges

Open interest for ether futures on centralized exchanges has reached a new high — hitting $14 billion.The rise in open interest coincides with an 18% increase in the price of ether to $3650 in the last 24 hours.

The Block·2024/05/21 13:22
The Week Onchain Newsletter:A Macro Reset
The Week Onchain Newsletter:A Macro Reset

Glassnode insights·2024/05/21 12:43
Flash
19:23
According to relevant sources, a very large oil tanker is once again sailing from the Persian Gulf towards the Strait of Hormuz after a brief course adjustment.
Tanker tracking data shows that the Desh Vibhor, which had previously appeared to be planning to sail along the southern route recommended by the US military, has now switched to a more northern route, heading towards the Iranian coastline. This super tanker previously performed a turning maneuver, and later adjusted its course again to resume its journey toward the Strait of Hormuz.After the US and Iran signed a temporary peace agreement this Wednesday, the international crude oil market has been closely monitoring the dynamics of oil transportation through the Strait of Hormuz. Although the two countries have reached an agreement, Iran has stated publicly that any vessel without Iranian permission is still prohibited from passing through this waterway.
19:04
The Central Bank of Mexico announced the official exchange rate for the peso, with 1 US dollar convertible to 17.3247 Mexican pesos.
The determination of this official exchange rate will serve as an important reference for cost accounting in Mexico's import and export trade, cross-border consumer settlements, and cross-border capital flows. Relevant market participants may refer to this official pricing when conducting exchange-related transactions between the US dollar and the Mexican peso.
18:54
Fed Vice Chair for Supervision Attends Private Dinner Amid Compliance Concerns
On June 20, Federal Reserve Vice Chair for Supervision Michael Barr attended a private dinner hosted by Bank of America for clients in New York on Wednesday evening local time. According to informed sources, the dinner was limited to invited clients only. Just hours earlier, the Federal Reserve had announced its latest policy decision. This dinner took place during the Fed's communication blackout period, which prohibits officials from publicly commenting on economic conditions or monetary policy in the days surrounding meetings, lasting until the day after the meeting (Thursday). Although the Fed's rules do not explicitly prohibit closed-door meetings, they require officials to avoid sharing personal policy views with anyone who might financially benefit, unless those views have been made public. The rules also state that officials should not allow any company to gain a reputational advantage over competitors. According to the Fed's communication policy, policymakers should carefully and strictly consider this principle when arranging meetings with those who might benefit from exclusive contact with Fed officials, as well as when considering invitations to meetings hosted by for-profit organizations that are not open to the public and media. It remains unclear whether Barr's attendance at this dinner violated the aforementioned rules.
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