CPI data is about to be announced, and market trends may usher in a turning point? ? ?
Expectations of Fed rate cuts weakened: Traders' expectations for the Fed's September rate cut are gradually decreasing. At the same time, Fed Chairman Powell's statement also implies that raising interest rates is not the current top priority. This change undoubtedly brings new uncertainties to the market.
GBTC capital outflow and GME market value surge: It is worth noting that Grayscale GBTC had a net outflow of up to $51 million on May 14. At the same time, the market value of GME in the Meme coin field has exceeded the $100 million mark.
A trader originally bought GME on the Solana chain for $30,000, and now its value has soared to a staggering $571,300.
Whale-level transactions between MEW and GME: Even more remarkable is that a whale-level trader with a large amount of MEW exchanged all of his 206 million MEW for 55.8 million GME.
Shortly after Roaring Kitty's tweet was released, a user acted quickly and bought GME in less than 10 minutes. At present, his floating profit has reached 18 times!
Coin circle news: In addition to the above-mentioned heavy news, there are a series of exciting news in the coin circle. Drift Protocol
In addition, $DRIFT has been included in Coinbase's future development plan, and ArcBlock's AI engine has also ushered in an important update. In addition, Arweave has launched a new game launcher, and Deutsche Bank has also joined the MAS project. It is worth mentioning that Celo DAO has proposed to issue a Kenyan shilling stablecoin.
The coin circle has been surging recently, and various news have emerged in an endless stream. With the upcoming release of CPI data, the future direction of the market may change significantly. Investors are requested to keep paying attention to seize market opportunities in a timely manner.
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