According to Odaily Planet Daily, based on monitoring by on-chain analyst Ai Yi, smart money, which bought 11,004 ETH at an average price of $3.45 in 2016 and made a profit of $30.38 million, has accumulated 5,283.61 ETH on-chain in the past two days, worth $11.48 million, with an average cost of $2,172.7. It is currently experiencing a floating loss of $320,000.

According to Odaily Planet Daily, Ethereum co-founder Vitalik Buterin, responding to questions about state storage on the X platform, stated that the core problem with current state proof schemes is the need to store and continuously update the data used to verify proofs, and this data eventually becomes almost as large as the entire on-chain state. While some feasible solutions exist, they all involve numerous complex components and require varying degrees of trade-offs compared to the current Ethereum architecture.

Odaily Planet Daily reports that Iran has found a new bargaining chip: charging for undersea cables passing through the Strait of Hormuz, threatening to cut off internet access if they refuse. Google, Microsoft, Metaverse, and Amazon have been named. Experts warn that this move could trigger a cascading digital catastrophe affecting Europe, Asia, and Africa. Regarding the Strait of Hormuz, a global energy corridor, Iran is expanding its focus from traditional oil transport to another, more covert yet equally crucial infrastructure – undersea communication cables. These lines, laid in the strait and the Persian Gulf, carry the vast majority of internet and financial data transmission between Europe, Asia, and the Middle East, becoming a vital support for the global digital system. Iran has recently released a series of signals, attempting to transform its geographical control over the area into new economic and strategic leverage. Tehran is not only discussing charging multinational technology companies using these cables but has also hinted through official channels that data transmission may face interference risks if relevant parties refuse to cooperate. (Jinshi)

According to Lookonchain monitoring, a whale holding a 10x leveraged short position in HYPE has now incurred a floating loss of $1.26 million. Its position currently holds approximately 375,033 HYPE tokens, worth $17.5 million.

Odaily Planet Daily reports that Jeffrey Gundlach, CEO of DoubleLine Capital LP and known as the "New Bond King," stated that investors will not see an interest rate cut at the next Federal Reserve policy meeting. He bluntly stated that with the two-year U.S. Treasury yield nearly 50 basis points higher than the federal funds rate, a Fed rate cut is "simply impossible." He warned that next month's CPI reading is more likely to "break 4," and that the speculative frenzy in the stock market is fraught with risks. (Jinshi)