Powell: Fed Unwilling to Entertain Bailouts, Including in Cryptocurrency Space

BlockBeats News, July 14th, Federal Reserve Chair Powell stated, "We don't want to get into the business of picking winners and losers. We want to be in a position of not having to provide assistance to any particular group—" the crypto industry included.

#Walsh #The federal reserve

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Powell: Fed Unwilling to Entertain Bailouts, Including in Cryptocurrency Space

Galaxy Digital OTC transferred 47,000 HYPE, worth approximately $4.06 million, to OKX 4 hours ago.

An entity transferred approximately 1.223 million SOL to Coinbase Prime, valued at around $117 million.

A new address withdrew approximately $6 million worth of LIT, ENA, and ARB from OKX.

A whale closed a 25x ETH short position yesterday, earning $692,000 in profit over five days.