Event Interpretation
The monthly CPI was announced yesterday, with an expected value of 2.8% and an actual value of 2.7%. Inflation is strengthening, which is bearish for the dollar and bullish for the crypto market.
OKB surged 2.1 times in just one hour. According to current news, OKEx has burned 65.25 million OKB in one go, removed the option for additional issuance, and confirmed that the future constant will be 21 million. If this is realized, it would be a long-term positive, and one can consider buying in for long-term holding after a pullback.
The total inflow of ETH spot ETFs has reached 11.393 billion USD since approval, with BlackRock alone accounting for 10.825 billion, over 95% of the overall market. The progress of Ethereum transitioning to institutional investors is accelerating.
US national debt has first surpassed the 37 trillion mark, and increased market pressure may lead to a faster “printing money to pay off debts,” with interest rate cuts potentially being forced to occur earlier. Slightly bullish.
