After the April U.S. CPI data release, $BTC surged over 7%, and $ETH gained 5%. The core CPI came in at 0.3% MoM and 3.6% YoY. The 12-month core inflation reading was the lowest since April 2021, and the monthly increase was the smallest since December, indicating that inflation is cooling.
Press reported that the global hedge fund Millennium Management purchased $2B of spot Bitcoin ETFs. The day before, it was reported that the State of Wisconsin Investment Board bought $99M of IBIT.
A few important headlines include BlockTower Capital’s main hedge fund being ‘partially drained’ in an attack, Binance launching a funding fee arbitrage bot, and the $AEVO conversion of $RBN.
During the last 24 hours, the top three gainers were $TRUMP, $AERO, and $NOS, while the top three losers were $RBN, $ABT, and $MX.