The Federal Reserve's Harker said that the Federal Reserve should adjust its balance sheet to be all or mainly government bonds, and bank reserves are expected to contract rapidly. There is still a lack of clarity on the end point of the balance sheet reduction.
According to Lookonchain, after the market fell, an Arca-related wallet frantically sold 20,527 AAVs ($2.97 million) at $145 to stop losses. Two weeks ago, the wallet withdrew 20,527 AAVEs ($3.19 million) from Binance at a unit price of $155. Total loss: $222,000.