● Macro Outlook: Could CPI 'ignite' the market, shattering the dream of rate cuts?
According to BlockBeats, the key macro data release points for next week are as follows: Monday, US April wholesale sales month-on-month, US May New York Fed 1-year inflation expectations; Wednesday, US May CPI data; Thursday, US initial unemployment claims for the week ending June 7, US May PPI; Friday, US June 1-year inflation rate preliminary value, US June University of Michigan consumer confidence index preliminary value.
The US May CPI report to be released next Wednesday will test the market's optimism about interest rate cuts, as it may show a stagnation in the recent downward trend of inflation. According to the Cleveland Fed's Nowcast model, the overall CPI for May is expected to increase by 2.4% year-on-year, up from 2.3% last month; the core CPI is expected to increase by 2.8% year-on-year, unchanged from last month.
● Analyst: For the market to regain short-term bullish momentum, it needs to close above $104,800
According to BlockBeats, CryptoQuant analyst Axel stated on social media that the current market is still in a long-term bullish trend. However, for short-term bullish momentum to recover, the Bitcoin price needs to close above $104,800.
● Meta CTO: 2025 may be a key turning point for the company's AR/VR business
According to Deep Tide TechFlow, Meta's Chief Technology Officer Andrew "Boz" Bosworth stated that 2025 could be a pivotal year for the company's AR and VR division, Reality Labs. Despite long-term losses in Reality Labs, Meta continues to invest and has finally received market recognition after experiencing a "disillusionment low." It is predicted that the global AR/VR market size will grow from $43.58 billion in 2024 to $382.87 billion in 2033, with a compound annual growth rate of 27.31%. Meta currently holds a dominant position in the VR headset market with 74.6%.
According to ChainCatcher, Circle President Heath Tarbert stated that when Circle launched USDC in 2017 to 2018, it aimed to create a new type of base currency layer that could circulate at internet speed and endure. As a publicly listed company in the US, Circle believes that going public is a necessary step to accept the highest standards of transparency and corporate governance. Circle is a neutral platform, combining traditional financial compliance genes with Web3 concepts, and banks are ideal partners. Going public indicates fund openness, regulatory recognition, and the ability to engage in significant business with banks and tech companies.
● 1confirmation Founder: Ethereum is finding balance between creativity and competitive spirit
According to Odaily Planet Daily, 1confirmation founder Nick Tomaino said that Ethereum is the birthplace of stablecoins, risk-weighted assets, DeFi, NFTs, decentralized social, and prediction markets, but the market seems indifferent to its contributions. The Ethereum community sometimes lacks competitive spirit. However, as on-chain activity reaches historical highs, Circle's IPO promotes the mainstreaming of stablecoins, and X collaborates with Polymarket, Ethereum is finding balance between creativity and competitive spirit.
According to BlockBeats, ECB board member Vujcic stated that the ECB's pace of rate cuts is nearing its end. Previously, the ECB had cut rates eight times in a year, totaling 200 basis points.
According to Foresight News, South Korea's new President Lee Jae-myung has appointed Kim Yong-beom, former CEO of Hashed Research, as Chief Policy Officer of the Presidential Office. Kim Yong-beom previously served as Deputy Minister of Economy and Finance and is regarded as one of the senior officials in the South Korean government most knowledgeable about cryptocurrencies and Web3. Analysts point out that the Lee Jae-myung administration is expected to take a friendly stance towards cryptocurrencies.
One of Kim Yong-beom's first policy initiatives after taking office may be to promote the issuance of a stablecoin based on the won, aiming to prevent capital outflows and aligning with President Lee Jae-myung's policy focus.
● The Bitcoin community calls on Musk to counter Trump by investing in Bitcoin
According to Cointelegraph, the Bitcoin community is calling on Tesla CEO Elon Musk to gain the upper hand in his public feud with President Trump by investing in Bitcoin. Crypto trader Will Clemente and JAN3 founder Samson Mow stated in an X post on June 6 that Musk should fully invest in Bitcoin.
Mow urged Tesla to accept Bitcoin payments and adopt Bitcoin financial strategies. Tesla stopped accepting Bitcoin payments in 2021 due to environmental issues but still holds digital assets. Tesla's digital assets decreased in value by 11.61% in Q1. Mow also suggested that SpaceX offer launch discounts for customers using Bitcoin payments. He stated that the US must start buying Bitcoin this year to avoid being outpaced by other countries. Mow also warned Musk to take action before freezing fiat assets.
