NEWS FLASH: US March data shows personal income up by 0.5% m/m, personal spending and real personal spending rising by 0.7% m/m, both exceeding expectations. - [DB]
NEWS FLASH: US March PCE and core PCE price indexes held steady month-over-month at 0.0% while rising 2.3% and 2.6% year-over-year respectively, with the headline figure slightly exceeding estimates. - [DB]
• The Most Published News Binance CEO @cz_binance spoke at TOKEN2049 in Dubai, emphasizing that the current cycle centers on Bitcoin ETFs. He mentioned that while Ethereum has yet to achieve similar success, Bitcoin's performance is expected to eventually lift other cryptocurrencies. CZ believes that the crypto market is still in its early stages.
• Current Market Trends On April 29, Bitcoin spot ETFs experienced a total net inflow of $173 million, continuing an 8-day streak of positive cash fl
NEWS FLASH: Preliminary data shows Germany's April consumer prices increased 2.1% YoY with the harmonized CPI up 2.2% YoY and 0.5% MoM, exceeding expectations. - [DB]
NEWS FLASH: Euro-area Q1 GDP growth surpassed expectations with 0.4% quarter-over-quarter and 1.2% year-over-year increases, beating forecasts of 0.2% and 1.1% respectively. - [DB]
[IMPORTANT: Crypto ETF Applications Show High Approval Odds for Litecoin, Solana, and Others] Multiple institutions have submitted applications for spot crypto ETFs covering assets such as $LTC, $SOL, $XRP, and several others. Bloomberg Intelligence estimates high approval probabilities with Litecoin, Solana, and crypto asset basket/index ETFs at 90%, while $XRP stands at 85%. The SEC has confirmed these filings with final decisions expected in the latter half of 2025.
[IMPORTANT: Crypto ETF Applications Show High Approval Odds for Litecoin, Solana, and Others] Multiple institutions have submitted applications for spot crypto ETFs covering assets such as Litecoin, Solana, XRP, and several others. Bloomberg Intelligence estimates high approval probabilities with Litecoin, Solana, and crypto asset basket/index ETFs at 90%, while XRP stands at 85%. The SEC has confirmed these filings with final decisions expected in the latter half of 2025.