● Bitcoin prices rise as US inflation slows
Bitcoin prices rose after the April consumer price index showed inflation slowed from the previous month, CNBC reported. Bitcoin prices rose more than 5% to $64,910.57, its best performance since March 25, according to Coin Metrics. Owen Lau, an analyst at Oppenheimer, said the slightly lower expected CPI number increased the likelihood of a rate cut, which remains a powerful factor affecting Bitcoin prices.
● The US CPI annual rate and core CPI monthly rate both fell in April
According to Jinshi, the US unadjusted CPI annual rate in April was 3.4%, down from 3.5% in the previous month, in line with market expectations. At the same time, the core CPI monthly rate in April also fell back to 0.3% as expected, hitting a new low since December last year.
● US April unadjusted CPI was released, slightly lower than expected
According to Jinshi.com, the U.S. unadjusted Consumer Price Index (CPI) in April was 313.548, slightly lower than the expected 313.762 and the previous value was 312.332.
● US CPI data was released 30 minutes in advance, the authorities are investigating
According to Jinshi, the U.S. Bureau of Labor Statistics said that the CPI data released on Wednesday was accidentally released 30 minutes earlier. The reason was that it accidentally uploaded some files to the website in advance. Currently, the bureau is conducting a comprehensive investigation into the early release of CPI data.
● Fed's Kashkari: Bitcoin has almost no practical use, doubts the value of central bank digital currency
According to Odaily Planet Daily, the Federal Reserve's Kashkari recently expressed his views, reiterating that Bitcoin has almost no practical use and is neither an investment tool nor a currency. At the same time, he expressed doubts about the value of the central bank's digital currency.
● Titan Global holds $65.5 million of BlackRock IBIT, becoming the fourth largest holder
According to Odaily Planet Daily, fintech investment management company Titan Global Capital Management separately disclosed in a filing on May 13 that it holds 1.6 million shares of BlackRock Bitcoin Spot ETF IBIT, worth $65.5 million, making Titan the fourth largest IBIT holder. In addition, Ohio KeyBank also disclosed that it holds 3,723 shares of GBTC, worth $235,182. In 2021, KeyBank ranked among the 25 largest banks in the United States.
● JPMorgan Chase, Deutsche Bank and BNP Paribas join forces with the ECB to promote tokenization
According to Odaily Planet Daily, JPMorgan Chase, Deutsche Bank and BNP Paribas are working with the European Central Bank to advance tokenization, which is testing the use of blockchain technology to settle securities transactions. The ECB's tokenization trial began in December last year and is still in its early stages and will last until November this year. Ulrich Bindseil, director of market infrastructure and payments at the ECB, said when the tokenization trial was first announced in December last year: "We are trying to look to the future and think about how the form of central bank currency can maintain its purpose."
● El Salvador successfully mined nearly 474 bitcoins using geothermal energy
According to Foresight News, El Salvador has successfully mined nearly 474 bitcoins using geothermal energy provided by the Tecapa volcano since 2021. Currently, 1.5 megawatts of the 102 megawatts of electricity generated by the country's geothermal power station is used for Bitcoin mining.
