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According to Jinse Finance, the Ethereum Foundation address has further sold 1,100 ETH in exchange for $4.89 million in DAI. Over the past three days, they sold 7,294 ETH at a price of $4,558 each, receiving $33.25 million in DAI. In addition, they transferred 16,000 ETH ($71.45 million) and $6 million in DAI to a new wallet.

According to Jinse Finance, following economic reports showing that retail sales last month exceeded expectations and wholesale prices unexpectedly surged, 2027 FOMC voting member and San Francisco Fed President Mary Daly indicated in an interview that she is still prepared to begin easing policy as early as next month. Daly stated that the job market is weakening and the economy is slowing down, but not at a sluggish pace. Compared to inflation, which remains above the Fed’s target, “there will be reason to cut rates several times at some point this year.” “We will wait for more data—perhaps we will cut less, perhaps more—but ultimately, I still think two rate cuts this year is a very good forecast.” “What I don’t want to do is worry so much about inflation possibly rising again or persisting that we end up waiting for clarity and fail to support the labor market.” (Jin10)