MANTRA DAO Initiates Survey Vote to Solicit Feedback on Team Token Burn Execution

Arthur Hayes(@CryptoHayes) bought another 3,298 $ETH($6.39M) 3 hours ago. Since July 15, Arthur Hayes has bought a total of 7,213 $ETH($13.87M) at an average price of $1,923 and is now down ~$301K.

According to Bitget data, South Korea’s KOSPI index has extended its decline to 7%, with SK Hynix falling 10% and Samsung Electronics dropping more than 8%.

According to on-chain analyst Yu Jin Monitoring, Arthur Hayes spent 6.32 million USDC to buy 3,298 ETH via over-the-counter (OTC) trades through FalconX and Galaxy Digital two hours ago. Since July 15, Hayes has cumulatively spent 13.82 million USDC to acquire 7,212.6 ETH, with an average purchase price of approximately $1,916.

Citadel Securities’ Head of Macro Strategy Frank Fliat expects the U.S. Federal Reserve to unexpectedly raise interest rates by 25 basis points this Wednesday. He notes this move would reinforce Fed Chair Christopher Waller’s commitment to price stability and underscore the central bank’s independence in monetary policy decisions. Fliat added that markets may be underestimating the Fed’s hawkish pivot once again, with a rate hike this week effectively marking the end of the “forward guidance era” — meaning the Fed will no longer pre-announce policy decisions in advance. Currently, interest rate swap markets price in roughly a 40% chance of a 25 bps hike at this meeting, but have almost fully factored in one rate increase before September. Citadel Securities argues an early rate hike this week would impact markets more than waiting until September. Earlier policy tightening could shift market expectations of how the Fed will address inflation, influence corporate pricing and employee wage demands, thereby reducing the amount of additional tightening ultimately required. Despite recent softening in employment and inflation data, Fliat still views inflation risks as elevated and the labor market as stable. Middle East tensions pushing energy prices higher have also boosted the likelihood of a rate hike; while oil prices fell after the U.S. suspended daily airstrikes on Iran, crude oil has still climbed around 20% cumulatively this month.

South Korean exchange platform KRX triggered the Sidecar mechanism amid KOSPI index volatility, suspending program trading for roughly five minutes. The Sidecar mechanism is primarily used to handle sharp short-term swings, restricting only program trading while manual trading remains fully operational. Unlike the Circuit Breaker mechanism, the Sidecar does not pause overall market trading; it is more widely regarded as a "speed bump" during periods of market volatility. In contrast, the Circuit Breaker is typically applied in extreme market conditions, halting all market trading when triggered to prevent panic-driven volatility from escalating further.

According to Hyperinsight monitoring, Hyperliquid's SKHX (nicknamed "Shanghai Lishi") experienced a price pin at 7 AM Beijing time, briefly plunging over 17% to $927 before rebounding to $1,112.