Ethereum Withdrawal Acceleration, CEX Net Outflow of 178,000 ETH in the Last 24 Hours

Since the launch of @SunPerp_DEX, the on-chain transfer volume of the $SUN token has skyrocketed. In particular, after #Upbit listed $SUN, the on-chain transfer volume reached 9.27B $SUN($297M) yesterday.

September 24th: Federal Reserve Chairman Powell declared that the Federal Reserve never takes political factors into account. Many people don't trust us. Many people claim that we are politically motivated. This is completely unfounded. Our decisions will "never be based on political factors" (Xinhua News). Previously, U.S. President Trump had continuously pressured Powell and the Federal Reserve to compel a rate cut.

On September 24th, Federal Reserve Chairman Powell declared that the United States is currently obtaining a substantial amount of revenue from tariffs. The process by which tariffs are passed on to consumers has been delayed and less prominent than anticipated. It seems that U.S. importers, rather than consumers, are shouldering the majority of the tariffs. The influence of tariffs on consumer inflation is "not a significant factor," and it is expected that tariffs will have a one-time passing-on effect that will come to an end by the end of next year. Ensuring that tariffs do not give rise to long-term inflation "is our obligation." Both goals must be given equal importance. While the labor market and inflation tend to be more in balance, there still exist downside risks to the labor market. (Xinhua)

On September 24th, Falcon Finance officially announced on social media that the contribution window for the public sale of Falcon Finance (FF) has been officially closed. The amount committed in this public sale on Buidlpad exceeded $112 million, with an oversubscription of 28 times, setting a record for the highest oversubscription multiple in the history of Buidlpad.

On September 24th, the White House is giving consideration to nominating Josh Sterling as the Chairman of the CFTC. Josh Sterling had previously held the position of the Director of the Market Participants Division at the U.S. Commodity Futures Trading Commission (CFTC). The CFTC is responsible for regulating entities registered in the U.S. derivatives markets, such as banks, intermediaries, asset management companies, etc. It also oversees whether these entities comply with reporting rules, registration requirements, transactional compliance, etc. He was also involved in the CFTC's rulemaking efforts under the Dodd-Frank Act and advanced some landmark enforcement actions. Currently, Sterling serves as a partner at Milbank law firm, concentrating on regulatory and enforcement matters in the fields of derivatives, financial market infrastructure, and cryptocurrency.

On September 24th, Federal Reserve Chairman Powell declared that the latest Fed Beige Book indicates that the national economy is witnessing a uniform and moderate expansion, yet uncertainty persists. During this summer, the labor market has exhibited a certain degree of deceleration. Employment and inflation risks call for different responses, and the Fed is required to achieve a balance. Placing emphasis on maintaining moderate inflation is necessary to achieve a more balanced approach. Prior to the next interest rate decision, attention will be directed towards the labor market, growth data, and inflation data to evaluate whether the policy is appropriate. (FXStreet)