Wintermute: This week, the key focus will be on FOMC's wording, with Bitcoin's support level standing at $76,000.

Peter Sellis was officially announced today as X’s new Head of Product. In the announcement, he stated, “My goal is to continue making this product beautiful and functional to help accelerate momentum, serving our community, new users, and global enterprises.” Public records show that from 2015 to 2022, Sellis served as Snapchat’s first product manager, leading products related to advertising and monetization during his tenure. He built the product management organization, pioneered innovative monetization methods, and grew the revenue product line from scratch to a business exceeding $4 billion. From 2022 to 2026, Sellis served as Product Manager at Discord, overseeing the entire product organization and driving significant user growth for the platform. During his time there, he managed Nikita Bier, X’s former Head of Product.

Per Bitget market data, Hong Kong-listed Zhipu saw its gains expand after today’s opening, surging over 10% intraday and currently trading at HK$557. MINIMAX-W rose over 4%, now at HK$181.2.

Sources familiar with the matter disclosed that if centralized crypto exchanges (CEXs) are classified as financial institutions under the proposed digital assets bill, South Korea will consider imposing an education tax on them. The government has recently conveyed this position to heads of major crypto CEXs. A senior government official noted that if the exchanges are categorized under the financial insurance sector, the education tax will become applicable. Currently, crypto trading and brokerage services in South Korea are classified as information and communications services, and are exempt from the education tax. Banks, insurance companies, and securities firms pay the education tax based on their operating revenue: a 0.5% rate applies to the first 1 trillion won, and a 1% rate applies to revenue exceeding that threshold.

According to Lookonchain monitoring, three wallets likely belonging to the same whale transferred 482,228 SOL (valued at $49.17 million) over the past three days for liquidation. So far, they have deposited 171,430 SOL (worth $17.3 million) into CEXs.

Whales are dumping $SOL! 3 wallets, possibly belonging to the same whale, moved 482,228 $SOL ($49.17M) over the past 3 days to sell. So far, they've deposited 171,430 $SOL ($17.3M) into exchanges.

Q has surged 262% today! Trader 0xF1fE has made $963K on @Aster_DEX, mainly from going long on $Q.