Crude oil surged, breaking through 85 dollars per barrel. The trigger for the spike in oil prices was: Iran hitting an oil tanker with a missile.
The market is sending a clear signal: inflation is back, and the Federal Reserve will not cut interest rates. If oil prices remain above 80 dollars, the Federal Reserve may not cut rates for the entire year and may even be forced to raise rates again.
1. Yesterday, Bitcoin ETF saw a net outflow of 227.83 million dollars, while Ethereum ETF had a net outflow of 90.9 million dollars.
2. SEC revoked the allegations against Justin Sun and Tron, and Rainberry, which developed the BitTorrent protocol and BTT cryptocurrency tokens under Sun's leadership, agreed to pay a fine of 10 million dollars.
3. According to market news, the Central Bank of Kazakhstan plans to use part of its gold and foreign exchange reserves to invest up to $350 million in cryptocurrency assets.
4. Data from the money market shows that the European Central Bank's 'hawkish' return has increased interest rate hike expectations from 0 to 100%.
5. Short-selling firm Culper: has shorted Ethereum and related securities, the Fusaka upgrade harms the token economic model.
6. The fear of a job market slowdown may force the Federal Reserve to restart interest rate cuts. In the minutes before the employment report was released, the probability of a rate cut in June was reduced to only 35%, but after the data was released, the expected probability of a rate cut in June quickly rose to about 50%.
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