▪️ Consumer Price Index (CPI) (YoY) (Apr)
FACT: 3.4%
FORECAST: 3.4%
PREV.: 3.5%
▪️ Consumer Price Index (CPI) (mom) (Apr)
FACT: 0.3%
FORECAST: 0.4%
PREV.: 0.4%
▪️ Basic Consumer Price Index (CPI) (YoY) (Apr)
FACT: 3.6%
FORECAST: 3.6%
PREV.: 3.8%
▪️ Basic Consumer Price Index (CPI) (mom) (Apr)
FACT: 0.3%
FORECAST: 0.3%
PREV.: 0.4%
▪️ Retail sales volume (m/m) (Apr)
FACT: 0.0%
FORECAST: 0.4%
PREV.: 0.6%
▪️ Basic Retail Sales Index (mom) (Apr)
FACT: 0.2%
FORECAST: 0.2%
PREV.: 0.9%
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The consensus forecast is 0.4% mom and 3.4% YoY.
▫️CPI (m/m) above 0.4% is a decrease in the S&P 500 index by 1.75-2.5%.
▫️0.35%-0.4% - a decrease of 0.5-1.25%.
▫️0.3%-0.35% - The S&P 500 can range from a 0.5% decline to a 1% rise.
▫️0.25% -0.3% - an increase of 1-1.5%.
▫️0.2%-0.25 - an increase of 1.5-2%.
▫below 0.2% is an increase of 2-2.5%.
CPI is the consumer price index (consumer inflation).
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Authorities detained two brothers in the U.S. for orchestrating a groundbreaking Ethereum heist worth $25 million. The culprits employed a novel technique involving transaction sequence manipulation in the blockchain to profit, such as preempting others' transactions. The brothers face up to 20 years in prison.
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💸 CryptoQuant: Today, 16.021 BTC ($1 billion) was withdrawn from the Coinbase crypto exchange!
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🩸PeckShield: Fake Notcoin on the Ethereum blockchain has been reset to zero (-100%)
– There are less than 2 hours left before the listing of the real #NOT token.
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🇺🇸 Federal Reserve Chair Calls for U.S. Government Regulation of Stablecoins - The Block
Booman, the chairman of the Federal Reserve, urges the U.S. government to regulate stablecoins. He emphasizes the need for a collaborative effort between the U.S. government and state authorities to establish a regulatory framework for stablecoins. One of the primary challenges highlighted is determining the primary regulator for stablecoin issuers. Booman stresses the importance of Federal Reserve representatives actively participating in regulatory rule-making discussions.
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Booman, the chairman of the Federal Reserve, urges the U.S. government to regulate stablecoins. He emphasizes the need for a collaborative effort between the U.S. government and state authorities to establish a regulatory framework for stablecoins. One of the primary challenges highlighted is determining the primary regulator for stablecoin issuers. Booman stresses the importance of Federal Reserve representatives actively participating in regulatory rule-making discussions.
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🌇 CZ Still at Large
On April 30, the founder of Binance was sentenced to four months of imprisonment. Currently, he awaits notification of the start date for serving his sentence.
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Tether, TON Foundation, and Oobit are collaborating to develop a "comprehensive solution for crypto payments." Oobit, known for its mobile payment application, will be a key player in this initiative.
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Media is too big
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🤝 #LINK DTCC and Chainlink Launch "Smart NAV" Pilot Project for Asset Tokenization
The Depository Trust & Clearing Corporation (DTCC) partners with Chainlink to introduce the "Smart NAV" pilot project. This initiative aims to provide access to historical Net Asset Value (NAV) data across any private or public blockchain, simplifying asset tokenization processes. DTCC, a key player in clearing transactions on NASDAQ, spearheads the collaboration.
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According to Eric Balchunas, 414 institutional investors out of 937 have allocated funds into BlackRock's Bitcoin ETF in the first quarter of 2024. Balchunas remarks, "Even having 20 holders for a new ETF is a very rare occurrence."
✔ BlackRock's Balance Sheet: 274,755 BTC ($18.1 billion) held in iShares
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The temporary interest in the Runes protocol allowed miners to earn good money immediately after the halving on the Bitcoin network...therefore, the hashrate did not decrease immediately - a temporary phenomenon.
The bank is leaning towards the limited growth potential of BTC in the near future.
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🇹🇷 Turkey is working on the rules of crypto regulation. (linkedin)
- A legislative proposal has been submitted to the Turkish parliament that could ban the operation of crypto exchanges without a license and introduce the "Travel Rule" rule.
The Travel Rule requires companies processing transactions worth more than $3,000 to disclose the sender's name, address and account information.
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🇪🇺Macro data #ECB (Eurozone) - CPI:
▪️ Consumer Price Index (CPI) (YoY) (Apr)
FACT: 2.4%
FORECAST: 2.4%
PREV.: 2,4%
▪️ Consumer Price Index (CPI) (mom) (Apr)
FACT: 0.6%
FORECAST: 0.6%
PREV.: 0.8%
▪️ Basic Consumer Price Index (CPI) (YoY) (Apr)
FACT: 2.7%
forecast: 2,7%
PREV.: 2.9%
▪️ Basic Consumer Price Index (CPI) (mom) (Apr)
FACT: 0.7%
FORECAST: 0.7%
PREV.: 1.1%
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💸 #NOT The Bybit exchange will distribute 30 MNT (about $ 30) and $ 50/500 bonuses to all those who did not wait for their Notcoin deposit yesterday (before the start of trading). - announcement
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Bank of America expresses optimism about the current macroeconomic backdrop, suggesting it favors increased cryptocurrency trading volumes and market capitalization growth.
The bank has raised its stock ratings for Coinbase (#COIN) and Robinhood (#HOOD).
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