🚨 Breaking: 🇺🇲 US Federal Judge Rejects #SEC’s Request to Freeze Binance.US Funds 👀 🤩

BREAKING: 🇺🇸 US inflation falls to 4%, lower than expectations.

Polygon Labs responded to SEC allegations that MATIC
is an unregistered security.

They said that Polygon Labs is not targeting the U.S. market.

https://twitter.com/0xpolygonlabs/status/1667643925232852996

🇺🇸 U.S. economic data this week:

➖ CPI inflation (tues.)
➖ PPI inflation (wed.)
➖ FED rate decision (wed.)
➖ Retail sales (thurs.)
➖ Jobless claims (thurs.)
➖NY manufacturing index (thurs.)
➖ Philly manufacturing index (thurs.)
➖ Consumer sentiment (fri.)

👉🏻 What’s your prediction for this week’s U.S. CPI inflation report?

4.9% previous (april)
4.1% expected (may)

tuesday 8:30AM ET

BREAKING: 🇺🇸 SEC sues Coinbase, citing the exchange is acting as an unregistered broker.

JUST IN: Elon Musk's Neuralink receives FDA approval to launch an in-human brain chip.

BREAKING: 🇩🇪 German economy entered recession as first-quarter GDP data is -0.3%.

Recession probability forecast for 2023 was:

🇮🇳 India: 0%
🇮🇩 Indonesia: 2%
🇸🇦 Saudi Arabia: 5%
🇨🇳 China: 12.5%
🇧🇷 Brazil: 15%
🇨🇭 Switzerland: 20%
🇪🇸 Spain: 25%
🇲🇽 Mexico: 27.5%
🇰🇷 South Korea: 30%
🇯🇵 Japan: 35%
🇷🇺 Russia: 37.5%
🇦🇺 Australia: 40%
🇿🇦 South Africa: 45%
🇫🇷 France: 50%
🇨🇦 Canada: 60%
🇮🇹 Italy: 60%
🇩🇪 Germany: 60%
🇺🇸 US: 65%
🇳🇿 New Zealand: 70%
🇬🇧 UK: 75%

#FOMC Minutes Conclusion ✅

➡️Officials Agreed Inflation Was Still "Unacceptably High"

➡️MAINTAINED FORECAST FOR 'MILD' RECESSION '23

This Statement says that we might see a Mild effect of Recession in 2023

➡️OFFICIALS SPLIT ON SUPPORT FOR MORE HIKES

Not Everyone in Hall Supported Hikes so Decision wasn’t made clear that’s the reason No Such move in #Crypto Market

“India🇮🇳 will lead the charge in Web3 & AI and we will not ban anything in the innovation space unless it is linked with user harm"

- Rajeev Chandrasekhar, IT Minister, mentions the upcoming Digital India Act for Crypto and Web3

Germany officially entered a recession in the first quarter of 2023. According to the German statistics office on Thursday, Q1 2023 GDP (gross domestic product) was revised lower from zero to -0.3%. This followed a 0.5% decline in the last quarter of 2022. A technical recession occurs with two consecutive quarters of negative growth.

Visa & Mastercard pause launch of #crypto products until market conditions and regulation improves.

🇺🇸 President Biden says his upcoming budget proposal will include higher taxes.

🇺🇸 Bank of America says Federal Reserve may increase interest rates to 6%.

Elon Musk reportedly recruiting team to develop OpenAI ChatGPT rival.

GOOD NEWS: G20 meeting in Bengaluru 🇮🇳, IMF MD Kristalina Georgieva said that IMF shows interest in regulate #Crypto assets than an straight ban ❤️

Elon Musk regains spot as richest person in the world