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The Atlanta Fed's GDPNow model expects U.S. GDP growth of 3.8% in the second quarter, compared to 2.2% previously. The Atlanta Fed's GDPNow model's instant projection of the contribution of net exports to real GDP growth in the second quarter jumped from -0.64% to 1.45% following recent data released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. However, the immediate forecasts for real personal consumption expenditure growth in Q2 and real gross domestic private investment growth in Q2 declined, falling to 3.3% and -1.4% from 3.7% and -0.2%, respectively.
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JPMorgan Chase (JPM) stated in a research report that despite continuous upgrades to the Ethereum blockchain, its activity has not significantly increased. The bank pointed out that since the Dencun upgrade in March 2024, average fees and total fees have decreased. Futures positions indicate that institutions have played an important role in the recent rise of ETH. Ethereum launched the Pectra upgrade on May 7, aiming to simplify the staking process, enhance wallet functionality, and improve overall efficiency. (CoinDesk)
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According to Lookonchain monitoring, today 10 U.S. Bitcoin ETFs had a net outflow of 1977 BTC, with Fidelity experiencing an outflow of 1571 BTC. Currently, Fidelity holds 198,291 BTC, valued at $20.95 billion; 9 Ethereum ETFs had a net inflow of 37,685 ETH, with BlackRock receiving an inflow of 19,069 ETH. Currently, BlackRock holds 1,389,780 ETH, valued at $3.59 billion.
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According to a report by CoinDesk, Citigroup's latest report indicates that as the use of stablecoins in the crypto market and traditional finance continues to rise, the demand for U.S. short-term treasury bonds is also increasing. The report emphasizes that the dominance of dollar-backed stablecoins (such as USDT) in crypto trading and blockchain payments reflects the status of the dollar as a global reserve currency.
The relevant legislation currently being considered by Congress may further solidify this trend, requiring reserve holdings of short-term government debt. Meanwhile, traditional
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On May 30, data showed that the US consumer confidence index in May was broadly unchanged from April, ending a four-month slump trend. While preliminary May data showed a pullback in confidence, confidence picked up in the mid-to-late month as tariffs on some goods were temporarily suspended. After the middle of the month, consumer expectations for the business environment improved, which could be a direct impact of trade policy adjustments. However, the stagnation in overall income in May led to a decline in satisfaction with the current personal financial situation, offsetting these positive
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According to Jin10 reports, analysts at a US bank pointed out that compared to other countries and currencies, US tariffs have a more significant negative impact on the US economy and the dollar. The bank believes that tariffs could trigger retaliatory measures, and that the scale of trade between the US and the world exceeds that of other countries' trade with the US, making it more susceptible to shocks.
Data will determine the fate of the US dollar: if US economic indicators improve, investors may begin to ignore policy noise and support the dollar; however, Bank of America expects the data
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The news states that Grayscale has announced on the X platform that the decentralized AI fund is now open to accredited investors. Investors can hold NEAR, TAO, RENDER, FIL, and GRT through this fund, and the holdings may be subject to adjustments.
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The final value of the one-year inflation rate expectation in the United States for May is 6.6%, expected to be 7.1%, and the previous value was 7.30%.
The expected final value of the U.S. inflation rate for the 5 to 10-year period in May is 4.2%, with a forecast of 4.5% and a previous value of 4.60%.
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Materazzi was one of the protagonists of the Zidane headbutt incident in the 2006 World Cup final, which also became one of the most widely circulated football memes globally.
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Spot gold has fallen by 10 dollars in the short-term, dropping below 3280 dollars/ounce, with a daily decline of 1.13%.
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The final value of the University of Michigan Consumer Sentiment Index for May and the final value of the one-year inflation rate are expected to be released in ten minutes. ( gold ten )
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Slow Fog's Yu Xian stated on the X platform that the Cetus Hacker has not yet returned the funds, holding over 60 million USD worth of ETH without further transfers. They have now received clues related to the suspected Cetus hacker submitted by community users, and more details may be disclosed in the future.
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According to news from BiJie.com on May 30, as of May 30, data from CoinDesk Indices shows that the cryptocurrencies tracked by the CoinDesk 20 Index (CD20) generally fell, with NEAR experiencing the largest decline of 5.4%. The overall market performance is weak, with the vast majority of tokens showing a downward trend, except for a few assets.
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Fitch analyst Olu Sonola pointed out in a report that the Federal Reserve may view the moderate personal consumption expenditures inflation report as the "calm before the storm." He wrote: The Federal Reserve will continue to wait for the storm to arrive—unless consumer spending shrinks significantly and the unemployment rate rises rapidly. Sonola stated: "This report shows that American consumers remain resilient."
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U.S. stocks opened, with the Dow Jones falling 0.06%, the S&P 500 index falling 0.19%, and the Nasdaq falling 0.26%.
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The US Dollar Index DXY has risen 15 points in the short-term, currently reported at 99.56. ( Jin10 )
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The Sui ecosystem lending protocol Suilend announced on platform X that the second quarter SEND points and STEAMM points snapshot have been completed, and the details for the second quarter applications will be released next week.
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According to monitoring by Trader T, BlackRock's Bitcoin ETF has seen record inflows this month, currently amounting to $6.35 billion. There is one day left in the month.
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