After the release of the US CPI data for April, several major banks on Wall Street released their latest research reports, maintaining their previous stance on the Fed's forecast of a rate cut.

JPMorgan said that the CPI data in April gave people a sigh of relief, believing that inflation is returning to a downward track. They still insist that the Fed will cut interest rates for the first time in July, but may need to further observe labor market activities to determine the timing of the rate cut.

Morgan Stanley believes that inflation will cool further in the future, especially in the second half of the year. Therefore, they still believe that the Federal Reserve will cut interest rates for the first time in September this year.

Goldman Sachs maintained its forecast for a 25 basis point rate cut in July and expected the Fed to continue cutting rates at a quarterly pace.

Although different banks have slightly different timetables for rate cuts, their overall view is consistent: inflation expectations are on the decline, and the Fed may adopt a rate cut policy to stimulate the economy. We will continue to pay close attention to economic data and the Fed's statements in order to more accurately predict future policy trends.

According to the latest report released by Messari, in April 2024, the amount of cryptocurrency financing transactions increased by 3.8% to $1.36 billion. This figure shows that the market for digital currency financing is still vibrant. However, surprisingly, despite the increase in financing amount, the number of transactions has decreased by 16.7%. This may suggest that the funds in the market are becoming more concentrated rather than dispersed.

The report points out that investment in the public chain field accounts for 37.7% of the total investment, among which major financing cases such as Monad have attracted widespread attention. This shows that the market continues to pay attention to and invest in public chain projects, and the position of public chain technology in the digital currency ecosystem is still important.

Another notable trend is that the second-layer projects of Bitcoin have seen growth in April, with multiple projects emerging from stealth. This shows that the market's interest in Bitcoin technology upgrades is gradually increasing, and the development of the Bitcoin ecosystem is still vibrant. The digital currency financing market is still active, and although the number of transactions has declined, the amount of financing is still on the rise. Public chain projects and Bitcoin technology upgrades are the highlights of the current market, and the development of the digital currency market is still full of infinite possibilities.

According to the latest data, Pine Ridge Advisers holds $205 million in Bitcoin ETFs, which shows that institutional investors continue to be interested in the digital currency market. Although this only accounts for 23% of its total management scale, it is enough to attract people's attention. In addition, Titan Global Capital Management announced its holdings of BlackRock Bitcoin Spot ETF, which is worth $65.5 million, which also reflects the increasing interest of institutions in Bitcoin ETFs.

For Pine Ridge Advisers, they may be looking for arbitrage opportunities instead of simply putting a quarter of their clients' investments in Bitcoin. For Titan Global Capital Management, it shows their continued attention to the digital currency market, perhaps because they are optimistic about the future development potential of Bitcoin.

The cryptocurrency market remains vibrant and continues to be of interest to institutional investors. Despite the volatility in the market, this has not stopped more institutions from joining, nor has it stopped more innovative products from being launched. Over time, we can expect to see further development and maturity of the cryptocurrency market.

The U.S. spot Bitcoin ETF had a net inflow of 4,600 coins yesterday (May 15), worth US$303 million.

BTC: One yang crosses multiple daily moving averages. Yesterday, a large yang line appeared at the daily level. The long-short ratio is at a low level at this time. There are many bearish people at this stage, and it is not surprising to see a violent rise. At the daily level, there may be a certain degree of retracement confirmation. If it falls back again and can stabilize at 63,100, then the market is expected to continue to strengthen. The trend line pays attention to the gains and losses of the strong support of 63,100. In the process of the bull market, just hold the currency and wait.

ETH: Linked to Bitcoin trend.

PEPE: The latest price is 0.00001060, up 6.36% in the past 24 hours. It is reported that the community sentiment has been positive recently, and some users have expressed their love for meme coins. As one of them, PEPE has risen by 20.45% in the past 24 hours, and market expectations continue to be optimistic. Fundamental data shows that PEPE's 24-hour trading volume is relatively large, and the contract address is open and transparent. The market may be worth following in the short term.

AEVO: The latest price is 0.8693, but there have been negative news recently about the loss of private placements, the market panic caused by the unlocking event, and the team re-locking positions. This series of events has led to a pessimistic community sentiment and put some pressure on the price. Fundamental data shows that the 24-hour trading volume is as high as 16 billion US dollars, and the price increase is only 2.58%. In the short term, affected by negative news, it is expected that the price may drop;

PEOPLE: The latest price is 0.05255. The community sentiment is positive, and good news drives the price up. Although ConstitutionDA0 failed to successfully bid for the original copy of the U.S. Constitution, as an active community autonomous token, PEOPLE is still attracting much attention. In the short term, PEOPLE is expected to continue to rise due to good news and positive sentiment;

GENS: The latest price is 0.0003667. The Kusama-based DeFi project Genshiro aims to build a one-stop interoperable cross-chain DeFi store with low risk. Recent news shows that Genshiro will provide crowd-lending incentive activities and plans to win the Kusama parachain slot auction. In addition, the GENS token will be launched on the exchange and open trading pairs soon. According to information data, Equilibrium's pioneer network Genshiro will provide double rewards and increase crowd-lending participant rewards, as well as open ID0 on DODO. The current price change percentage is 6.54%, which is relatively stable. In the short term, favorable factors such as upcoming events and listing on exchanges may attract more investors, and there is a certain expectation of rising prices. In the long run, as a cross-chain DeFi project, Genshiro is expected to gain more attention and application, and has good development potential. It is recommended to pay close attention to the progress of related activities, and consider buying on dips and holding for a long time.

Today's hot topics: AI; RWA.

The Fear Index is currently at 70 (Greed) #BTC走势分析 #PEPE创历史新高 #ETH