Bitcoin hovered above $109,600â$110,000 today amid anticipation of upcoming U.S. inflation data . A cooler-than-expected May CPI supports hopes for Federal Reserve rate cutsâtypically bullish for crypto .
Ethereum neared $2,800, with altcoins gaining up to ~8% .
2. Crypto funds hitting record inflows
May saw crypto funds reach a record $167âŻbillion in assets, with $7.05âŻbillion in net inflowsâBitcoin and Ether ETF's alone pulled in $5.5âŻbillion and $890âŻmillion, respectively .
3. Regulatory & institutional developments
The U.S. House advanced the bipartisan Clarity Act (crypto market structure bill) through both Agriculture and Financial Service Committees 47â6 and 32â19, respectively .
French bank SociĂ©tĂ© GĂ©nĂ©rale is launching a dollarâpegged stablecoin âUSDâŻCoinVertibleâ on Ethereum/Solana via SGâFORGE starting July, with BNY Mellon as custodian .
4. Exchange & DeFi upgrades
The 1inch $DEXE
DEXE has released a performance update with improved swap routing delivering up to 6.5% better rates .
Speculation is rising around a new Binance listing amid renewed market enthusiasm .
5. Upcoming IPO news
Peter Thielâbacked exchange Bullish has confidentially filed for a U.S. IPO, with Jefferies underwriting. This follows a record $1.1âŻbillion IPO by Circle and reflects growing institutional momentum .
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đ What It All Means
Macro catalysts on deck: Inflation data and central bank actions are poised to be key drivers for Bitcoin and altcoin performance.
Institutional confidence: Robust inflows into crypto ETFs and IPOs highlight rising mainstream legitimization.
Regulatory clarity emerging: U.S. legislation is gradually defining crypto infrastructure, while Europe sees early adoption with SGâForgeâs stablecoin.
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đ§ What to Watch Next
U.S. CPI report (May) â May significantly impacts rate policy and shortâterm market direction.
Full approval of Clarity Act â Will shape U.S. digital asset oversight.
Launches by SGâForge and Bullish IPO â Could redefine stablecoin and exchange landscapes.