Linera Launches Babbage Testnet

May 25: Eamonn Sheridan, an analyst at U.S. financial website InvestingLive, noted that minutes from the Federal Reserve’s April meeting signal a major shift in the central bank’s policy stance. Gone is the prior focus on reacting “flexibly and swiftly” to economic data. In its place, the new language emphasizes that persistently elevated inflation, paired with uncertainty over the economic fallout from the ongoing Iran conflict, could mean interest rates will stay on hold for longer than previously anticipated. The inflation environment facing newly seated Chair Jerome Powell isn’t limited to just energy costs. Fed officials pointed out that soaring fuel prices are gradually passing through to shipping rates, airfares, and fertilizer costs, spreading inflationary pressures across a wider range of sectors. This pass-through effect makes it harder to dismiss inflation as a temporary blip, giving hawkish Fed policymakers a more solid rationale to advocate for keeping rates high—or even

On May 25, on-chain analyst Ai Auntie (@ai_9684xtpa) shared that the "BTC OG Insider Whale" placed another order early this morning, planning to buy $247.5 million worth of HYPE at an average price of $61.98. Currently, the whale holds 148,000 HYPE tokens valued at $9.127 million, with an unrealized gain of $624,000.

May 25: According to the Coinbob Popular Address Tracker (via Telegram: https://t.me/Coinbob_track_CN), the wallet linked to the so-called “BTC OG Insider Whale” is currently holding a 3x leveraged short position on ZEC. The position amounts to 57,400 ZEC, worth roughly $37.88 million, with an average entry price of $626.4. Owing to ZEC’s price surge over the weekend, this short position is now facing a $1.9 million floating loss. Notably, this same address also maintains a 5x leveraged long position on BTC that’s the same size—valued at ~$37.88 million—with an average entry price of $77,394 and a small $80,000 floating loss. This setup suggests the whale is executing a ZEC/BTC spread trade, betting that ZEC will weaken relative to BTC. Additionally, the whale holds around 148,000 HYPE in spot positions, valued at approximately $9.12 million. Address: 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9

Per Bloomberg, U.S. Treasury investors on May 25 expect that new Federal Reserve Chair Jerome Powell will prioritize the central bank’s credibility in fighting inflation over the interest rate cuts pushed by President Trump, and the market has already priced in a December rate hike via instruments like swaps. Notably, Polymarket pegs the probability of the Fed raising rates this year at just 35%.

May 25: BitMine Chairman Tom Lee tweeted that FTSE Russell has released its preliminary list of index additions and deletions, putting BitMine (BMNR) on the preliminary roster for addition to the large-cap Russell 1000. The firm’s market capitalization exceeds the $5.7 billion minimum threshold for large-cap inclusion. Lee noted that many actively managed funds limit holdings to Russell 1000 stocks, with passive index funds and ETFs typically holding 20% to 25% of a single stock’s total market value. Based on BitMine’s current $10.75 billion market cap, a successful inclusion would draw at least $2.15 billion in buying pressure, per Lee’s calculation. The Russell index reconstitution will wrap up after the U.S. market close on Friday, June 26, with new component weights taking effect at the opening bell on Monday, June 29. BitMine’s formal admission to the Russell 1000 remains subject to final June index updates and validation of the official constituent list.

May 25: On-chain analyst AI Auntie (@ai_9684xtpa) reported that an Ethereum address which had already accumulated 3,845 ETH at an average entry price of $2,074 added another 967.01 ETH to its position yesterday. This whale has now built up a total of 4,812.03 ETH in a recent trading swing spanning yesterday and today, with a total value of $10 million. The average entry price for this entire ETH batch is $2,078.91, and the address currently holds an unrealized gain of $114,000.