US_Inflation_Easing_Alert

According to Binance Research: The Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation, rose by 2.6% year-on-year in May, in line with analysts’ expectations. This slight decrease from the previous month’s 2.7% increase indicates a potential easing of inflationary pressures in the U.S. economy.

Key Highlights

PCE Inflation Rate: The PCE Index recorded a 2.6% rise in May, consistent with market forecasts.

Comparison to Previous Month: This figure represents a minor decline from the 2.7% year-on-year increase reported in April.

Core PCE Inflation: The latest reading marks the lowest core PCE inflation rate since March 2021.

Market Reaction: As of the report, S&P 500 futures increased by approximately 0.4%, while the cryptocurrency market remained relatively stable.

Implications of the Report

The PCE inflation rate meeting expectations and showing a slight decline from the prior month suggests a positive trend towards easing inflation. If sustained, this trend could reduce the Federal Reserve's pressure to maintain high interest rates, paving the way for potential future rate cuts. Such a move would likely benefit equities and cryptocurrencies. Traders are already factoring in a possible rate cut by the Federal Reserve in September.

What’s Next?

FOMC Minutes: Investors are eagerly awaiting the release of the Federal Open Market Committee (FOMC) minutes on July 3 for the Fed's latest views on monetary policy.

Employment Report: The U.S. employment report, scheduled for release on July 5, will provide additional insights into the job market, further shaping expectations for inflation and interest rate policies.

This report on the U.S. PCE inflation underscores a hopeful sign of easing inflationary pressures, which could influence future Federal Reserve actions and market trends.

The post "Binance Extends Monitoring Tag to These 11 Tokens, Risk of Delisting Ahead?" first appeared on 36crypto.com News.
Binance, the largest #crypto exchange by trade volume, has begun the new month with an announcement of an extension of monitoring tags to 11 tokens. These affected tokens face the risk of delisting from the platform if certain guidelines are not met. This announcement has sent ripples through the crypto community as investors reshuffle their portfolios to avoid potential losses.
Binance noted that after an extensive review, it has decided to extend the monitoring tag to Convex Finance (CVX), Sun (SUN), PowerPool (CVP), and others while removing two tokens Enzyme (MLN) and Horizon (ZEN) from the monitoring tag list.
Binance Adds Monitoring Tag to Highly Volatile Assets
In an announcement dated July 1, crypto exchange giant, Binance revealed a total of 11 tokens that it will attach a monitoring tag to. These tokens include Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT), Sun (SUN).
Binance disclosed that the affected assets demonstrate higher volatility and risks compared to other listed tokens. It added that the tokens are closely watched with reviews and audits conducted regularly. Additionally, Binance warns that these tokens face the possibility of delisting from the platform having failed to meet its listing criteria.
Meanwhile, two tokens including Enzyme (MLN) and Horizon (ZEN) have been dropped from the monitoring tag list. The removal of these two tokens from the list underscores their stability after passing a reassessment.
Binance informed users that they will have to pass a quiz slated every 90 days on its Spot and Margin trading platforms before they can get access to the tokens with the tags. Moreover, #Binance stresses that the quizzes are strategic to make sure that users are aware of the risk involved before trading the assets. On the affected tokens' corresponding Spot and Margin trading pages, a warning banner will be placed to remind users of potential risks.
Possibility of Tag Removal
Binance informed that a periodic project review will be conducted by the exchange over time, to determine if each tagged token has met the laid down criteria and if the monitoring tag should be removed. Some criteria that are considered include, the commitment of the team to the project, trading volume and liquidity, stability and safety of the network, level of public communication, level and quality of development activity, and others.
Ultimately, Binance noted that other services relating to the mentioned tokens will still be available and will not be affected by the update. Investors are closely watching the price reaction of these assets, as announcements like these from major crypto exchanges tend to increase the volatility of the projects.
#MiCA #MtGoxJulyRepayments #US_Inflation_Easing_Alert

Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed.

Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives ra
ther than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon.

The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm. #US_Inflation_Easing_Alert

At Cointelegraph, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change?
#LayerZero #Megadrop
Stay tuned. Today’s Bitcoin gains followed three consecutive days of inflows into U.S.-based Bitcoin ETFs, indicating a resurgence of risk appetite following a week-long streak of outflows.

As of June 27, these Bitcoin ETFs had $14.44 billion worth of assets under management, bouncing from the low of $14.383 billion established three days ago. However, at their peak on June 6, these funds were holding $15.68 billion. Today’s Bitcoin gains followed three consecutive days of inflows into U.S.-based Bitcoin ETFs, indicating a resurgence of risk appetite following a week-long streak of outflows.

As of June 27, these
ts under management, bouncing from the low of $14.383 billion established three days ago.$BTC $SOL $BTC