BlackRock Withdraws 7,546 ETH From Coinbase Prime, Worth Around $13.2 Million

US President Donald Trump said: "Some short sellers are in deep trouble and are being liquidated. I have never liked short sellers because they are betting against the country."

Federal Reserve Governor Waller said the Federal Reserve will not deliberately keep interest rates low to help the U.S. government finance its fiscal deficit, noting that it is reasonable to consider setting an inflation target range. Fed Chair Walsh is reaffirming the Fed’s commitment to the 2% inflation target, and favors setting an inflation target range, but adjusting the inflation target at this stage would undermine the central bank’s credibility. (Jinshi)

According to HTX market data, Ethereum has broken through the $1,800 threshold, posting a 1.4% gain in the past 24 hours.

Nvidia has denied a report from SemiAnalysis regarding product delays, stating that its AI chip roadmap remains on track.

The Kobeissi Letter has stated it now believes the S&P 500 is poised to break above 8,000 points, as chip stocks have quietly emerged as the new leading sector in this bull market. While many stocks in the "Magnificent Seven" have fallen more than 20% from their recent highs, semiconductor stocks have taken over market leadership. Year-to-date, 8 of the top 10 performing stocks in the S&P 500 belong to the chip sector. Though large-cap tech stocks, which have led the market since 2022, have weakened, the S&P 500 is currently only about 1% below its all-time high. This marks the first time since 2022 that the market has risen led by sectors outside the Magnificent Seven, while the Magnificent Seven have moved in the opposite direction. The Letter views this rotation as positive, as the Magnificent Seven are poised to retake their leadership role. As large-cap tech stocks begin to reclaim leadership, and whether semiconductors continue to outperform or cool off, the S&P 500 is on track to rise above 8,000 points, with asset holders set to continue benefiting.

According to market data from BIT (bit.com), crypto-related stocks in the US equities market rose broadly during intraday trading. BitMine (BMNR) gained 8.25%, Circle (CRCL) rose 7.18%, MARA increased 6.21%, Sharplink (SBET) climbed 5.93%, Robinhood (HOOD) advanced 4.48%, and Bullish (BLSH) was up 2.76%.