Blockchain News: 🚀 The UM Consumer Confidence Index jumped to 72.6, reaching the highest level since September 2021! The reduction in actual inflation has once again raised risk sentiment, and risk assets are expected to be strong during the summer vacation. However, long-term inflation expectations have rebounded to 3.1%, and we need to continue to face the inflation battle. Although financial institutions such as JPMorgan Chase and Wells Fargo reported earnings that exceeded expectations, the stock market closed lower as investors focused on long-term concerns such as regulatory costs and inflation. In terms of cryptocurrencies, BTC and ETH fell about 4.5%, and the exchange Coinbase and SEC lawsuit still have twists and turns.

It is worth noting that the popular cross-chain protocol Multichain was hacked and has ceased operations. In the Coinbase lawsuit, Judge Failla seemed to support Coinbase’s view that their business practices were within the scope of the law. 🔍 We will continue to pay attention to the crypto market dynamics and continue to bring you real-time information! 🌟