Chain analyst Ali Yu X wrote that the whales have sold more than 78 million OM in the past week.
"We have been closely monitoring the Bybit incident and will do our best to assist our partners in tracking the funds and provide all the support we can," Mr. Sun said on the X platform about the Bybit theft.
Since August 2021, more than 4.5 million ETH (15.30 billion USD) has been permanently destroyed.
In the year since the Federal Reserve raised interest rates to more than two-decade highs, it has succeeded in cooling an overheating US economy. But higher borrowing costs have also had some unintended effects. High-income households are benefiting from rising stock markets and home prices. Businesses are borrowing fast and consumers are continuing to spend. But in other ways, a year of high interest rates is finally starting to take its toll. Americans are looking for jobs for longer...
Stournaras, the governing council of the European Central Bank, said that two more rate cuts this year seem reasonable; recent data strengthen the case for further rate cuts; even with two more rate cuts, central bank interest rates are still at restrictive levels; service inflation should not be read too much.