● Macroeconomic indicators and analysis this week: US CPI, Federal Reserve interest rate decision
According to Wu, the number of non-farm payrolls in the United States in May exceeded expectations last week, reaching 272,000, but the unemployment rate rose to 4%, which the market interpreted pessimistically. At the same time, the two major central banks of Canada and the Eurozone announced interest rate cuts. The Bank of Canada lowered its benchmark interest rate by 25 basis points to 4.75%, and the European Central Bank lowered all three interest rates by 25 basis points. This week's major data events include the Federal Reserve's interest rate decision and the annual rate of the US unadjusted CPI in May. On June 12, China's May CPI annual rate and the US May unadjusted CPI annual rate will be announced. On June 13, Federal Reserve Chairman Powell will hold a monetary policy press conference, and the US May PPI annual rate will also be announced. On June 14, the Bank of Japan's target interest rate, the US June one-year inflation rate forecast, and the initial value of the US University of Michigan Consumer Confidence Index in June will be announced.
● Viewpoint: US May employment report makes policy direction more complicated
According to Jinshi, for investors, "the United States will cut interest rates this year" may be one of the biggest and most important trading arguments in early 2024, pushing large-cap stocks and technology-dominated U.S. stock indexes to new highs in June. However, the May jobs report unexpectedly overturned this notion, making the direction of policymakers more complicated. Jeffrey Cleveland, chief economist at Payden & Rygel, said that if the economy continues to grow and avoids a recession, the stock market will continue to rise and hit record highs in the next 6 to 12 months. If the Federal Reserve does not cut interest rates while inflation remains high, the environment for continuing to hold Treasury bonds may not be so bad. Analyst Sean Snaith said that the unexpected jobs report in May was not good news for the Federal Reserve and "should eliminate any hope of a rate cut this year."
● This week, APT, IMX and other tokens will be unlocked at once, with a total release value of over US$240 million
According to PANews, Token Unlocks data shows that APT, IMX and other tokens will be unlocked at one time this week, with a total release value of over US$240 million. Specifically, Moonbeam (GLMR) will unlock approximately 3.04 million tokens at 8 pm on June 11, worth approximately US$950,000; Aptos (APT) will unlock approximately 11.31 million tokens at 12 noon on June 12, worth approximately US$97 million; dydx (DYDX) will unlock approximately 1.55 million tokens at 0:00 am on June 12, worth approximately US$3 million; Immutable (IMX) will unlock approximately 25.53 million tokens at 8 pm on June 14, worth approximately US$54 million; Starknet (STRK) will unlock approximately 64 million tokens at 8 pm on June 15, worth approximately US$77 million; CYBER (CYBER) will unlock approximately 886,000 tokens at 0:00 am on June 15, worth approximately US$7.4 million; Render (RNDR) will unlock approximately 760,000 tokens at 8 pm on June 16, worth approximately US$7.3 million.
● The number of Bitcoin daily active addresses breaks the downward trend, with over 765,000 active addresses
According to Odaily Planet Daily, the number of daily active Bitcoin addresses broke the downward trend since March 5. In the past 24 hours, more than 765,000 Bitcoin addresses were active. The surge in network activity is generally a positive sign that the BTC bull market will continue.
● Hackers converted all stolen Loopring assets into Ethereum, worth more than $5 million
According to Odaily Planet Daily, Cyvers Alerts detected that hackers have exchanged all stolen Loopring assets into Ethereum. Currently, this address holds 1,373 ETH, worth more than $5 million.
● BNB Chain announced that it will conduct the BSC mainnet Haber hard fork on June 20
According to Foresight News, BNB Chain announced that it will conduct a BSC mainnet Haber hard fork at 14:05 on June 20. Validators and node operators need to upgrade to the latest version before the hard fork. It is worth noting that Haber only supports one BEP: BEP-381 (precompiled secp256r1 Curve support).
