Odaily Daily Planet News Flare Network stated in a post on the X platform that it has destroyed 66 million FLR Tokens (approximately 1.4 million US dollars), with the goal of accumulating 2.1 billion Tokens by 2026. This will further reduce the circulating supply, including transaction fees and unclaimed rewards.

Not everyone is excited about today's CPI inflation data coming in below expectations. Alex McGrath, an advisor at the NorthEnd Private Wealth team, stated in a report, 'If the Fed's goal is to maintain restrictive rates until the inflation rate returns to its target, then we still have a long way to go.' The CPI annual rate for May was 3.3%, with the core indicator at 3.4%. McGrath stated that while this data may cause some small celebrations, 'the fact is that this round of inflation has lasted for 3 years, with the inflation rate still at 3.3% on a year-on-year basis, far above the target.' Currently, the market believes there is a higher possibility of the Fed cutting rates by 25 basis points for the first time in September.

Ashwin Alankar, Director of Global Asset Allocation at Janus Henderson, said that today's weak CPI allows the Fed to make a preemptive rate cut later this year to ensure that a recession is still far away. However, at this stage, there is no goal more important than maintaining stable inflation expectations, strong economic activity, and friendly financial markets for the Fed. Therefore, unless there is greater evidence of inflation resistance in terms of breadth and depth, today's weakness supports a proactive rate cut rather than a shift in Fed policy towards easing.

Jesse Pollak, the head of the Base Protocol, said at the Base Meme Summit that he hopes more Meme coin projects in the Base ecosystem can set a small goal: to lead 10,000 new users to join the Base ecosystem, calling on more people to spread the Base ecosystem and Meme coin information to their friends; to engage in face-to-face communication and dialogue; to create vertical video content in specific fields; to conduct creative experiments and expand the scope of dissemination.

Odaily Planet Daily News FxPro trader Alex Kuptsikevich said that if Bitcoin closes below $60,000 in the next few days, there may be panic selling. The goal of cryptocurrency traders is for Bitcoin to break through $65,000 before market sentiment is seen as bullish. Kuptsikevich en un informe del lunes señaló que la característica del precio de Bitcoin es una serie de puntos bajos más bajos y puntos altos más bajos, lo cual indica que los inversores están vendiendo cuando el precio sube. Él dijo: "La presión puede estar relacionada con la venta de activos por parte de los mineros y las preocupaciones sobre la regulación de las criptomonedas". Kuptsikevich añadió: "Una caída por debajo de los 60.000 dólares podría desencadenar ventas de pánico. En nuestra opinión, lo más probable es que la situación sea positiva, con un aumento del precio por encima de los 65.000 dólares, manteniendo el precio en la media móvil de 50 días y en la zona de reversión a principios de mayo". (CoinDesk)

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