ChainCatcher news, according to official sources, Tellor has released the Tellor Layer white paper. The Tellor Layer is an independent L1 blockchain built using the Cosmos SDK, aimed at reaching consensus on any subjective data. It operates through a network of stakers who report the requested data truthfully under economic incentives.TRB will become the native currency of this chain, used for staking, tipping, and voting. All token economics will remain unchanged. Each month, 4,000 tokens will continue to be allocated to the team, and an equal amount of tokens will be distributed as inflation rewards to reporters and validators. Of the time-based rewards, 75% will be allocated to reporters, while the remaining 25% will be allocated to validators.

ChainCatcher news, the whale smartestmoney.eth responded to the large ETH transfer to CEX operations, stating that it is not a sell-stop loss, but rather "sending ETH to the trading platform to double down on long positions, rather than selling as people think. Once the profits are locked in, I will transfer them back to the on-chain wallet at the peak, which is usually the best exit time for ETH.""I use CoinM (inverse perpetual contracts) as a last resort to double down on long positions, which usually gives me the highest win rate, the best entry points, and ultimately the largest profits."ChainCatcher previously reported that according to on-chain analyst @ai_9684xtpa, smartestmoney.eth chose to cut losses.It is reported that he built a position of 8,127 ETH between June 19 and June 21, and an hour ago deposited 3,000 of them (approximately 10.27 million USD) to Binance. If sold all at once, he would incur a loss of nearly 400,000 USD, with the remaining 5,127 ETH still facing an unrealized loss of 750,000 USD.