Whale AllegraSeam transferred 20.32 million USDC to Hyperliquid and opened a $22.8 million long position on SKHX.

Trump stated that the decision to cut interest rates "partly depends on the Fed Chair, but not entirely," and acknowledged that rate adjustments are not controlled solely by the Chair. He reiterated his support for low interest rates while continuing to criticize certain Fed officials for political bias. Compared to his previous frequent calls for Powell to lower rates, Trump's comments on the new Chair, Waller, were notably more tempered. However, the market remains concerned about risks to the Federal Reserve's independence.