BofA Securities analysts predict that the overall US CPI in June will decrease by 0.09% month on month, mainly due to the impact of falling gasoline prices. The core CPI is expected to increase by 0.28% month on month and 2.9% year-on-year. The demand related to the World Cup is pushing up service sector inflation, and the core PCE is expected to be slightly higher than CPI. AI interpretation: This prediction reveals the differentiation characteristics of inflation structure, where the decline in energy prices suppresses overall prices, but the stickiness of service sector inflation still constitutes the core support. The resilience of core inflation indicates resistance in the process of price decline, and the Federal Reserve maintains a cautious stance in policy shift decisions. This expectation reinforces the market's perception of the tortuous downward path of inflation and limits the excessive fermentation of short-term interest rate cut expectations.

CFTC Chairman Mike Selig stated that the CLARITY Act is crucial for maintaining the United States' position as a global cryptocurrency hub. （Cointelegraph）

According to Sensor Tower data, within 12 days after the full implementation of MiCA regulations in Europe, OKX app downloads increased by 158%, becoming the most downloaded MiCA licensed cryptocurrency app in Europe. （Cointelegraph）

Emmanuel Moulin, the Managing Director of the European Central Bank, stated in a commentary published in Investir that the impact of artificial intelligence on inflation is difficult to predict and may exacerbate price volatility. Emmanuel Moulin pointed out that artificial intelligence acts on both supply and demand variables, and in the short term, an increase in capital expenditure has an inflationary effect, which may be suppressed by productivity growth in the future.

The Federal Reserve accepted a total of $545 million from three counterparties in fixed rate reverse repurchase operations.