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An ETHFI investor transferred 900,000 tokens, worth approximately $738,000, to Binance, part of a larger $36.58 million cumulative deposit since the token unlock.
The U.S. Federal Reserve's 25 basis point rate cut prompted a market sell-off in crypto, as the widely expected move failed to inject new momentum. Altcoins experienced significant losses amid low liquidity conditions, diverging from traditional assets like gold.