According to Fox News, Rep. James Comer stated on Jesse Watters' show that sources claim Hunter Biden has been spending more time in the Oval Office than former President Joe Biden, highlighting concerns about a potential cover-up regarding Joe Biden's health decline (source: Fox News, May 23, 2025). This emerging political uncertainty could contribute to increased volatility in the cryptocurrency market, as traders often react to instability in U.S. leadership with swift movements in Bitcoin, Ethereum, and major altcoins. Market participants should closely monitor further developments, as significant political shifts can influence regulatory sentiment and risk appetite across crypto assets (source: Fox News).

According to Lookonchain, a whale withdrew 6,053 ETH, valued at $15.66 million, from OKX approximately 9 hours ago (source: Lookonchain via Twitter, May 17, 2025). Large-scale outflows like this often signal potential accumulation or anticipation of price movement, which traders monitor as a bullish indicator. Whale withdrawals from centralized exchanges like OKX can reduce immediate selling pressure and increase scarcity on the open market, potentially impacting Ethereum's short-term price action. This transaction highlights ongoing interest in Ethereum among major holders, and could influence trading strategies focused on price support and resistance levels.