1. The U.S. April unadjusted CPI year-on-year is 2.3%, the lowest since February 2021
The U.S. April seasonally adjusted core CPI month-on-month is 0.2%, expected 0.30%, previous value 0.10%. The U.S. April unadjusted CPI year-on-year is 2.3%, the lowest since February 2021, with market expectations at 2.4%. The U.S. April unadjusted core CPI year-on-year is 2.8%, in line with market expectations, maintaining the lowest level since March 2021.
2. Coinbase will join the S&P 500 index on May 19, 2025
Coinbase Global Inc. (NASDAQ: COIN) will replace Discover Financial Services (NYSE: DFS) in the S&P 500 index before trading opens on May 19, 2025. This change is due to Capital One Financial Corp. (NYSE: COF) planning to acquire Discover Financial Services, with the transaction expected to be completed soon.
Read the original article
3. SEC plans to propose new guidelines for cryptocurrency regulation, which may relax self-custody and exemption mechanisms
SEC Chairman Paul Atkins announced at the fourth cryptocurrency working group roundtable that the SEC will shift towards a more supportive regulatory policy for cryptocurrencies, planning to formulate new guidelines regarding issuance and custody. He indicated that future policies would be regulated through rule-making and exemption mechanisms, considering allowing funds and advisors to self-custody under certain conditions. Additionally, Atkins stated that they would explore whether to provide conditional exemptions for registered or unregistered entities for new products to accommodate innovative products outside the existing regulatory framework.
Read the original article
4. QCP: ETH is expected to be the main asset for allocation in the next phase.
QCP analysis points out that the temporary tariff reduction agreement reached between China and the U.S. has boosted market risk appetite. Bitcoin and Ethereum stabilized at approximately $103,000 and $2,400, respectively, after a brief correction. BTC's dominance fell below 63%, showing signs of capital rotation, while ETH benefited from the Pectra upgrade and recovering options demand, performing relatively strongly. Overall market volatility has receded, with BTC's implied volatility dropping by over 5 percentage points, and the VIX volatility index falling to 18. QCP stated that ETH is expected to be the main asset for allocation in the next phase.
Read the original article
5. A Shanghai man was defrauded of one million yuan, and the police dismantled a virtual currency money laundering gang.
According to Guangming Online, Mr. Tang from Shanghai suffered fraud losses exceeding one million yuan after clicking a phishing link in a 'cash on delivery' SMS and filling in his bank card information. The Pudong police quickly launched an investigation, identifying a criminal gang that used 'recruitment' as a guise to assist in fraud and money laundering through virtual currency wallets. From April 22 to 23, police captured 11 suspects in Qingpu. The main culprits, Miao and Wang, have been detained, and five others have been subjected to criminal measures for concealing criminal proceeds. Some funds have already been frozen, and the case is still under further investigation.
Read the original article
