4E: SharpLink holdings increased to 840,000 ETH; 140 million short BTC whale clearance profit

On October 16th, according to 4E observation, Ethereum treasury company SharpLink disclosed that its Ethereum holdings have increased to 840,124 ETH, of which 488 came from the pledge reward last week. Since the launch of the treasury strategy, the company's cumulative pledge reward has reached 5211 ETH, about $20 million.
Chain data shows that the mysterious whale, which once held a $140 million bitcoin empty order, has cleared the warehouse in the early morning of this morning and made a cumulative profit of 4.24 million dollars. The address currently has a balance of about 36.25 million dollars and has not yet been withdrawn.
On the macro front, US Treasury Secretary Vincent said that he will recommend three to four candidates for the Federal Reserve chair to Trump after Thanksgiving, and arrange interviews in December. SEC Chairperson Paul Atkins said at Washington Fintech Week that cryptocurrencies and tokenization are the SEC's top priorities, and an "innovation exemption" mechanism is expected to be introduced by the end of the year.
In addition, the US Senate rejected the Republican funding bill, and there is still no clear solution to the government shutdown. Gold continued its upward trend driven by risk aversion. Analysts pointed out that 40% of ETH has been withdrawn from circulation, and the supply crunch may push ETH into a new round of upward cycle. Some institutions predict its fair value range of $8,000 to $10,000.
4E reminds investors that the expectation of macro interest rate cuts and the return of funds on the chain are strengthening market confidence, but short-term liquidity constraints and policy uncertainty may still exacerbate volatility. We should pay attention to the impact of the Federal Reserve meeting and the pace of institutional holdings on the market structure.