1. The U.S. announced that the unadjusted core CPI for June was 3.3% annually.
The US announced that the unadjusted core CPI annual rate in June was 3.3%, expected to be 3.40%, and the previous value was 3.40%. The seasonally adjusted CPI monthly rate was -0.1%, expected to be 0.10%, and the previous value was 0.00%. The US seasonally adjusted core CPI monthly rate in June was 0.1%, expected to be 0.20%, and the previous value was 0.20%. The US unadjusted CPI annual rate in June was 3%, expected to be 3.10%, and the previous value was 3.30%. The US unadjusted core CPI annual rate in June fell to the lowest level since April 2021. The seasonally adjusted core CPI monthly rate in June was 0.1%, the lowest level since August 2021.
2. Bloomberg ETF Analyst: SEC May Approve Spot Ethereum ETF on July 18
The U.S. Securities and Exchange Commission (SEC) has not yet responded to the issuers' documents, but is expected to provide detailed plans when it responds. Bloomberg ETF analyst Eric Balchunas predicts that the U.S. SEC may approve the spot Ethereum ETF on July 18. Although this date is still speculation, it is a reasonable expectation.
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3.QCP Capital: The market focuses on the release of CPI data, and the probability of a rate cut in September is expected to be 70%
Despite the continued rise in the stock market, the crypto market has not yet reflected this optimism. BTC volatility increased by 5 percentage points in early trading, and risk reversals favored upward volatility. Yesterday, the German government transferred 10,853.5 BTC to exchanges and market makers, and now only has 13,110 BTC left in its wallet. Since mid-June, 36,748.4 BTC has been transferred out, indicating that supply pressures may ease. ETH spot ETF trading is expected to start soon, and softening CPI data may become a catalyst for a breakout.
4. Biden advisers discuss industry future with crypto leaders at Washington roundtable
The meeting was hosted by California Democratic Congressman Ro Khanna, and was intended to have an open dialogue with the Biden administration. Participants included billionaire Mark Cuban, Anita Dunn, senior adviser to President Biden, Paul Grewal, chief legal officer of Coinbase, Brad Garlinghouse, CEO of Ripple, etc. Discussion topics covered de-banking, actions of the SEC, and accounting announcements for digital asset custody. Cuban believes that this meeting may prompt changes in the Democratic Party's crypto policy, and the crypto industry needs clear support from the government.
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5. Malaysia's Deputy Minister of Energy Transformation: Illegal cryptocurrency miners stole $722 million worth of electricity
Akmal Nasrullah Mohd Nasir, deputy minister of Malaysia's Energy Transformation Department, revealed at an event that illegal cryptocurrency miners stole $722 million worth of electricity between 2018 and 2023 and disposed of 2,022 confiscated items, including Bitcoin mining equipment. Akmal Nasrullah said that these miners believed that their activities would not be detected because there were no electricity meters, but energy companies have multiple ways to detect abnormal energy consumption in an area. The Malaysian government has made it a priority to prevent crypto miners from stealing electricity, while increasing the production of renewable energy.
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