● Macroeconomic indicators and analysis this week: Focus on the US April CPI inflation data and speeches by Fed officials

According to Wu, this week's focus will be on the U.S. CPI inflation data for April, which will affect the Fed's subsequent monetary policy path and the market's expectations of that path. At the same time, we also need to pay attention to the relevant speeches of several Fed officials.

Last week, Barkin, 2024 FOMC voting member and Richmond Fed President, delivered a speech on the economic outlook. The Reserve Bank of Australia decided to keep the benchmark interest rate unchanged. The summary of the Bank of Japan’s April meeting showed that most members turned hawkish. The Bank of England kept its benchmark interest rate unchanged for the sixth consecutive time. The European Central Bank is ready to cut interest rates in June. The U.S. one-year inflation rate forecast for May has risen to 3.5%.

Key events this week include the US PPI annual rate in April, conference speeches by Federal Reserve Chairman Powell and ECB board member Knott, US CPI in April, the number of initial jobless claims in the United States for the week ending May 11, and speeches on the economic outlook by Federal Reserve Vice Chairman Jefferson and 2024 FOMC voting members, Cleveland Fed President Mester, and Atlanta Fed President Bostic.

● Viewpoint: US potential inflation may slow for the first time in April, but the pace is still fast and cannot appease the Fed

According to Jinshi.com, potential inflation in the United States may slow for the first time in six months in April, and price pressures are expected to begin to ease again. The core CPI is expected to rise 0.3% month-on-month, after rising 0.4% in the previous three months. It is expected to rise 3.6% year-on-year. Although this increase will be the smallest in three years, it is still too fast to appease the Federal Reserve. With gasoline prices reaching a six-month high, the overall CPI may rise 0.4% month-on-month for the third consecutive month. Although core commodity prices are basically falling, the cost of basic services remains high, which explains why inflation was stubborn in the first quarter.

“The core CPI report for April may look encouraging, slowing from March — but the PCE data for April is still likely to be strong, which is the bigger concern for the Fed,” said analyst Anna Wong.

● This week, 12 projects will unlock tokens at once, with a total value of approximately US$1.4 billion

According to BlockBeats, Token Unlocks data shows that 12 projects will unlock tokens at one time this week, with a total value of about $1.4 billion. Among them, dydx will unlock 2.12 million DYDX, worth about $4.3 million; Starknet will unlock 64 million STRK, worth about $77 million; CyberConnect will unlock 886,000 CYBER, worth about $6.84 million.

● GBTC’s cumulative net outflow since the launch of the Bitcoin spot ETF has reached US$17.6329 billion

According to ChainCatcher, data from Farside Investors shows that since the launch of the Bitcoin spot ETF, GBTC has accumulated a net outflow of US$17.6329 billion. According to Coinglass data, GBTC's asset management scale has dropped to US$17.647 billion.

● Vice President of Ghana: The next stage will be to fully adopt blockchain technology and become the first blockchain-driven government in Africa

According to Odaily Planet Daily, Ghanaian Vice President Mahamudu Bawumia said that the next stage of Ghana’s digitalization efforts will be to fully adopt blockchain technology in government operations, making it the first blockchain-driven government in Africa. Bawumia believes that Ghana will adopt this technology because it will increase transparency and enable the government to effectively combat corruption.

● Türkiye is preparing to submit new regulations to control crypto assets, aiming to reduce trading risks

Turkey is preparing to submit a new law to regulate crypto assets to parliament, PANews reported. The legislation aims to align with international standards and reduce risks associated with cryptocurrency trading. The Capital Markets Commission will impose strict supervision on the licensing and operation of crypto trading platforms. It will also ensure the safe custody of assets, establish a transparent platform-customer relationship, and clarify sanctions for violations. The draft legislation is expected to be submitted to parliament within a week.

● BNB Chain announced that the opBNB testnet nodes will be upgraded before May 15, and the gas fee will be reduced by 10 times

According to Odaily Planet Daily, BNB Chain posted on social media that the opBNB test network nodes must be upgraded to the latest version before the fork on May 15. This upgrade will reduce the Gas fee of the opBNB test network by 10 times. The opBNB team reminded that all test network nodes must be upgraded to the latest version before 06:00 UTC on May 15. In addition, this upgrade also includes the transition of DA data from calldata to blob format, as well as changes to multiple op-node configurations. Earlier news, opBNB released version v0.4.0, announcing that it will carry out four hard fork upgrades on the test network from 06:00-06:30 UTC on May 15, including Snow, Shanghai/Canyon, Delta, and Cancun/Ecotone.