Whale with Address Starting with 0x4f7 Keeps Adding to XPL Short Position, Unrealized Gain of $2.96 Million

October 9th - The President of the New York Fed and a top Federal Reserve official, Williams, expressed his support for further interest rate cuts this year. Despite months of inflation being below the Fed's 2% target. His reasoning centers around the cracks that have emerged in the labor market. And Williams hopes to prevent these cracks from deepening further. On Wednesday, in an interview with The New York Times, Williams mentioned that he believes the economy is not on the verge of a recession. However, he noted that monthly job growth has slowed and other signs indicate hesitation among businesses in hiring. Which are all worthy of attention. Currently, the Fed is in a dilemma. On one hand, Fed officials do not want to aggravate the slowdown in the labor market. But they also want to avoid inadvertently fueling inflation. As President Trump's tariffs have led to a renewed acceleration in inflation. Williams stated that the Fed has the flexibility to support the labor mark

On October 9th. Possibly due to the "Binance Alpha lists PUP (PUP)" news, PUP witnessed a short-lived "pump" where it surged by more than 390% before falling back. Currently, its market capitalization is at $31 million.

On October 9th, Binance Alpha has now listed PUP (PUP).

On October 9th, Binance Alpha has now initiated the "Customer Service Xiao He".

On October 9th, possibly due to the "Binance Alpha Customer Service Xiaohe" news, "Customer Service Xiaohe" saw a brief surge of over 189%. At one point, its market cap exceeded $40 million and has now retreated to $35 million.

On October 9th, CipherOwl, a crypto compliance startup established by former Coinbase and Cruise employees, has concluded a $15 million seed financing round. This round was spearheaded by General Catalyst and Flourish Ventures, and it also saw the participation of Coinbase Ventures, Enlight Capital, and other investment institutions. For an extended period, banks and fintech companies have been depending on various technologies to identify suspicious transactions and guarantee that their business is not misused by malicious actors. Currently, as cryptocurrency is gradually permeating the mainstream financial system, these institutions also require new software to monitor crypto transactions, and this is precisely what CipherOwl is engaged in.