News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
These applications have already been running on the testnet stage.
The US PCE inflation cools for the second month to 2.1% from 2.3% in the previous month. The monthly core PCE inflation, which excludes volatile and energy prices, comes in at 0.1%. It has increased from a flat reading last month. The US Fed is expected to keep interest rates unchanged at the upcoming FOMC meeting next month. Bitcoin recovers slightly after the PCE inflation data release. Analysts eye BTC to reclaim $107K for further rally.
Whale 0x3c9E deposited 502.5 billion Pepe Coin tokens worth $6.47 million to Binance, continuing the selloff since early May 9. Options expiry and US PCE inflation fears triggered a 12% drop in Pepe Coin price on Friday. U.S. President Donald Trump earlier shared an image on his Truth Social showing Pepe the Frog character at the back, but failed to trigger a further rally.
Analysts are warning of a potential Bitcoin correction in June, citing bearish divergence signals across key timeframes. However, rising institutional interest may offset historical parallels.
- 10:50CME FedWatch: Probability of a 25 Basis Point Rate Cut in June is Only 2.6%According to CME "FedWatch" data, with 10 days remaining until the next FOMC meeting, the probability of a 25 basis point rate cut in June is 2.6%, and the probability of maintaining the current rate is 97.4%. The probability of the Fed maintaining the rate unchanged until July is 83.3%, with a cumulative 25 basis point rate cut probability of 16.3%, and a cumulative 50 basis point rate cut probability of 0.4%.
- 10:50Crypto market sentiment rises from "neutral" to "greed", today's Fear and Greed Index at 62According to Alternative data, today's cryptocurrency Fear and Greed Index is 62, up from 52 yesterday, with market sentiment rising from "neutral" to "greedy". Note: The Fear Index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the entire market (10%) + Google keyword analysis (10%).
- 10:50OpenEden CEO: Beware of the "Too Big to Fail" Concept, RWA Tokenization Requires Prioritizing Risk AssessmentOpenEden founder and CEO Jeremy Ng stated that the industry should remain highly vigilant against the "too big to fail" concept. Jeremy Ng drew a parallel with the Lehman Brothers collapse, pointing out that in the realm of Real World Asset (RWA) tokenization, risk assessment should be balanced with opportunities. He emphasized that even the largest institutions can fall, thus proper structural design and compliance are non-negotiable fundamental requirements.