The CPI data of the United States in April was 3.4%, which was in line with expectations. Inflation fell, and the expectation of interest rate cuts returned to people's vision. The interest rate swap market expected the pace of interest rate cuts to accelerate. The bets on interest rate cuts in the third and fourth quarters returned to investors' attention again, which led to the rise of US stocks and Bitcoin.

The ETF data on May 15 was very impressive. Except for IBIT, all of them were inflows, indicating that most investors were also waiting for the CPI news to land. Even Grayscale GTBC began to turn to inflows again. Yesterday, the overall inflow of ETFs was about 300 million US dollars, 4,600 coins, which promoted a wave of continued rise in Bitcoin.

Yesterday, AEVO was unlocked, and it fell directly by 20% after unlocking. The unlocking was more than 8 times the flow volume. It is a typical VC coin. It is really ugly. The decline from the high point is close to 80%. I don’t know how much it will fall. If it is based on the current market value, it will definitely fall again, because it is far behind DYDX in terms of trading volume and TVL.

According to the Financial Times, the world's largest futures exchange, the Chicago Mercantile Exchange (CME Group), plans to launch spot trading in Bitcoin, aiming to take advantage of the surge in demand for the cryptocurrency industry from Wall Street fund managers this year.

According to three people with direct knowledge of the negotiations, CME has held discussions with traders who want to buy and sell cryptocurrencies on regulated markets. The plan has not yet been finalized, and if implemented, it will mark a further intrusion of major Wall Street institutions into the digital asset industry. CME is currently the exchange with the largest Bitcoin futures position. If spot trading is further launched, the number of people doing futures and spot arbitrage will surge, just like some financial funds specializing in long-term and short-term debt, which will make Bitcoin further become an important part of people's investment portfolios.

ZetaChain, a cross-chain interoperability project, released a version 2.0 upgrade plan, proposing a series of potential upgrades to achieve the first universal Ethereum virtual machine (EVM) and full-chain abstraction. This version introduces new features such as universal proof of stake (PoS) and universal App, aiming to automate complex cross-chain interactions.

The main upgrades of ZetaChain 2.0 include:

1. Composable cross-chain messaging to simplify multi-step cross-chain transactions;

2. Full-chain accounts, allowing contracts on ZetaChain to interact with native contracts on the connected chains;

3. Universal PoS, allowing the pledge of Bitcoin, Ethereum, BNB and other assets to improve network security;

4. Expand Bitcoin compatibility and support more Bitcoin script types;

5. Integrate the IBC protocol to introduce new potential uses for the IBC ecosystem.

ZETA has been listed on UPBIT, and the project party is continuing to work. Although OK and B AN are not giving in to each other, sometimes when they are competing, you may not be able to reach me at the beginning (metaphorically).

Market Interpretation

The landing of CPI data has cleared the clouds for the market that has been in the haze for more than half a month. A piercing arrow directly broke through the downward channel, and from the current situation, it does not seem to be going back. The target range of the rise should be around 68000-68500. As long as there is no door tomorrow, we should be able to look forward to this range.

The two cakes are still linked, and the exchange rate is still falling. It fell to 0.045 yesterday, and it is a pity that ETH has not broken through the downward channel.

GME stock fell sharply at the opening yesterday, and PEPE also began to reverse the correction. An interesting thing happened. Is it really a battle between retail investors and institutions? However, most MEMEs still followed the rise, especially those in the SOL ecosystem. Perhaps it was just because PEPE rose too much.

SOL finally started to gain momentum, and the shape was still very beautiful. A standard daily head and shoulders bottom appeared on the right side, and new highs can still be expected.

Today's panic greed index: 70 (greed)

I am May. If you want to know the latest first-hand information in the currency circle, click on the avatar and find me. Face the fans and share for free #cpi #zetachain #AEVO。 $SOL $DYDX