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The probability of the Federal Reserve maintaining interest rates in January is 88.4%, and the probability of a rate cut is 11.6%.
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Major PEPE Whale Executes $5.4M Asset Conversion and Enters Leveraged Positions
Gate News bot message, A dormant PEPE whale has returned to active trading after a 7-month hiatus, executing a series of significant transactions. The trader converted 501B PEPE tokens into 1,112.37 ETH ($4.6M) and 561,923 EIGEN tokens into 188.62 ETH ($819K).
Following these conversions, the trader exchanged the accumulated ETH for USDC, subsequently depositing $5.53M USDC into HyperLiquid. The whale then established leveraged long positions in ASTER (2x) and XPL (3x).