OpenAI Faces Scrutiny After Banning ChatGPT Account of Tumbler Ridge Shooting Suspect 
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding 
Meta Signs Multi-Billion Dollar AI Chip Deal With Google to Power Next-Gen AI Models 
Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand 
Pentagon Weighs Supply Chain Risk Designation for Anthropic Over Claude AI Use 
Snowflake Forecasts Strong Fiscal 2027 Revenue Growth as Enterprise AI Demand Surges 
Nvidia Earnings Preview: AI Growth Outlook Remains Strong Beyond 2026 
FAA Plans Flight Reductions at Chicago O’Hare as Airlines Ramp Up Summer Schedules 
OpenAI Hires Former Meta and Apple AI Leader Ruomin Pang Amid Intensifying AI Talent War 
Coupang Reports Q4 Loss After Data Breach, Revenue Misses Estimates 
Middle East Airspace Shutdown Disrupts Global Flights After U.S.-Israel Strikes on Iran 
Lynas Rare Earths Shares Surge on Strong Half-Year Earnings and Rising Global Demand 
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 
A cryptocurrency whale cashed out $3.2 million in PEPE, FLOKI, and WLD holdings, securing a $200,000 profit. The sell-off came after the Federal Reserve's rate cut, with traders reacting to increased market volatility.
$200K Profit from PEPE, FLOKI, and WLD
According to reports from Coingape, a digital asset whale has sold his interests in three assets, resulting in a profit himself.
According to the data posted on the blockchain, the dealer has made $200,000 after selling $3.2 million worth of PEPE, FLOKI, and WLD. With Pepe coin holdings, the whale made $110,000, while FLOKI and WLD brought in $45,000 and $44,000, respectively.
Market Correction Following Bitcoin Fall
Crypto experts claim that after Bitcoin's price dropped below $55,000, the trader lost money owing to market volatility. Currencies like meme currencies and altcoins also took a hit as Bitcoin's price fell, leading to a modest correction in the market as a whole. Investors seeking a profit chased after the price of cryptocurrency soared after the Federal Reserve cut policy rates by 50 basis points (bps) on September 18.
The market typically receives a bearish signal when large traders, known as "whales," move in tandem with smaller traders who are also moving in the same negative direction.
Ethereum Whale Dumps Millions in ETH
Traders have been moving in a similar fashion to reposition assets in response to price fluctuations recently. A whale trader on Ethereum dumped $38 million worth of ETH this week, causing a decline in the price of the cryptocurrency.
The Federal Reserve's move to lower interest rates has sent the cryptocurrency market skyrocketing. Following the September rate cuts, a number of conventional investors predicted market expansion due to the influx of capital into riskier assets.
The market cap has increased by 6% and now stands at $2.1 trillion. Pepe and other meme coins experienced a 13% spike in the past 24 hours.
Worldcoin, FLOKI Prices Climb After Fed Action
Worldcoin's price increased by 8% within the same time period, whereas FLOKI's price increased by 10%. As soon as macro variables turn positive, most analysts predict that the price of crypto assets would rise.
