Although the Bank of Japan's dove announcement yesterday stimulated the rise of Asian and European stocks, US stocks opened higher and lower, indicating a lack of investor confidence, and Huida fell below the 100-yuan mark again. Cryptocurrencies subsequently fell, especially Ethereum, which fell to $2,300 amid continued selling of Ethereum by well-known crypto market maker Jump Trading.
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ToggleJPMorgan CEO continues to be bearish on economy
JPMorgan Chase CEO Jamie Dimon continues to express concerns about the economy. In an interview with CNBC yesterday, he said that he still believes that the possibility of a "soft landing" for the economy is about 35% to 40%, and that an economic recession is the most likely occurrence in his mind. Case.
Since 2022, Dimon has continued to warn of a "hurricane" in the U.S. economy. Although default rates among credit card borrowers have been rising recently, the U.S. is not currently in recession. However, due to future spending on the green economy and military, he is "a little skeptical" about the Fed's ability to reduce the inflation rate to its 2% target.
Jump Trading continues to liquidate Ethereum
According to the analysis of on-chain analyst Yu Yan , the well-known crypto market maker Jump Trading continued to sell Ethereum. Yesterday (8/7) evening, Jump Trading transferred another 11,500 ETH to the sales address and continued to apply to redeem 19,049 stETH. Return to ETH.
From July 25 to the morning of August 4, Jump Trading has redeemed 83,000 wstETH into 97,500 ETH, of which 66,000 ETH (worth approximately US$191.4 million) has been transferred to the exchange.
There are still 21,394 wstETH in Jump Trading’s wstETH storage address.
ETH drops to $2,300
ETH continues to be weak and dropped to $2,300 last night.
