According to Odaily Planet Daily, Brian Jacobsen, chief economist at Annex Wealth Management, stated that inflation data meeting expectations does not necessarily mean it's a good report. He added that overall inflation data did not show much evidence that rising energy commodity prices were permeating core prices. Whether through force or a ceasefire, the clock is ticking loudly to open the Strait of Hormuz. The Federal Reserve is not speculating when this will happen, so President Trump needs to provide them with certainty before the Fed meeting. (Jinshi)

Odaily Planet Daily reports that Nasdaq-listed Bitcoin financial services provider Fold announced the sale of approximately $45 million worth of Bitcoin at an average price of $71,000 per unit, simultaneously completing a capital restructuring. Of the proceeds, $20 million will be used to repay Bitcoin-collateralized debt, and the remaining $25 million will be reinvested in business development. The company has now cleared all collateralized debt, improving its liquidity and cash flow. Fold stated that it still holds a substantial Bitcoin reserve and will flexibly adjust its asset allocation based on profitability to support the company's continued growth. (Globenewswire)

According to Onchain Lens monitoring, the whale address 0x97f, which held a 50x leveraged short position in HyperLiquid's S&P 500 ($SP500), has completely closed its position. Data shows that this position ultimately realized a profit of over $1,565,000, and this closing also ended this address's high-leverage betting operations in the S&P 500 market.

Odaily Planet Daily reports that US May CPI data showed inflation surging to a three-year high, but a moderate rise in core prices eased Wall Street's concerns about interest rate hikes. Today's CPI data and tomorrow's PPI index are expected to influence the Federal Reserve's policy stance, which will be announced at the Fed meeting chaired by Warsh in his first year in office. According to CME FedWatch, prior to the release of the CPI inflation data, the market had already priced in a 70% probability of a Fed rate hike by the end of 2026. However, the market believes that a rate hike at next week's meeting is highly unlikely, with only a 13% probability of a rate hike at the July meeting. The short-term focus is on whether the Fed will clearly shift from an easing stance to a neutral or tightening stance at the upcoming meeting. This week's CPI and PPI inflation data, as well as the progress of US-Iran negotiations, may influence the balance between neutral and tightening. (Jinshi)

According to Odaily Planet Daily, U.S. consumer prices rose at their fastest pace in three years in May, as conflict in the Middle East pushed up prices for gasoline and other energy products, providing more justification for the Federal Reserve to keep interest rates unchanged until 2027. Data released Wednesday showed that the CPI rose 4.2% year-on-year in the 12 months ending in May, the largest increase since April 2023. Month-on-month, prices rose 0.5%, following a 0.6% increase in April. The third consecutive month of sharp CPI increases highlights growing pressure on households, as signs emerge that more consumers are drawing on savings to pay for expenses. Furthermore, inflation outpaced wage growth for the second consecutive month, potentially negatively impacting overall economic growth. Meanwhile, the sharp rise in the cost of living is a significant political burden for President Trump and his party as they try to retain control of Congress in the November midterm elections. John Briggs, head of US interest rate strategy for North America at Natixis, said that the core inflation rate was slightly more moderate than expected, which may help solidify the argument that the peak of war-related inflation may have passed and the inflation outlook is likely to improve. Of course, this depends on oil prices remaining stable in the future. (Jinshi)