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📊 What Does May CPI Mean for Next Week's Fed Meeting? According to Nick Timiraos of The Wall Street Journal—often referred to as the Fed's unofficial spokesperson—the latest CPI report does little to settle the debate ahead of next week's FOMC meeting. 🔸 Core CPI rose just 0.2% MoM, below expectations of 0.3%. However, a single softer inflation reading is unlikely to change the Fed's stance, especially with headline CPI still running at 4.2% YoY. 🔸 For policymakers to gain confidence that inflation is sustainably cooling, they will likely need to see a broader trend of weaker price pressures rather than one encouraging monthly report. 🔸 At the same time, inflationary pressures are evolving. While tariffs were previously a key concern, markets are now also grappling with higher energy costs and massive AI infrastructure investment, both of which could keep upward pressure on prices. 🔸 As a result, markets expect next week's meeting—Kevin Warsh's first as Fed Chair—to maintain a hawkish tone 🦅. The debate is likely to center on keeping rates higher for longer, with some participants even leaving the door open to further rate hikes if inflation remains persistent. $BTC $SOL $ALLO #DailyOrbit

🔶 Botanix Shuts Down Bitcoin Layer 2 Network, Citing Weak DeFi Demand on Bitcoin Botanix Labs has announced the shutdown of its Bitcoin Layer 2 network after nearly four years of development, urging users to withdraw their assets before July 9. Despite achieving strong technical milestones—including processing over 25 million transactions without a major security incident—the project acknowledged that demand for native Bitcoin DeFi remains too limited to sustain operations. According to the team, most Bitcoin holders continue to use BTC primarily as a store of value rather than for frequent on-chain financial activity, resulting in insufficient fee revenue. The closure highlights a broader challenge facing the Bitcoin Layer 2 ecosystem: while interest in Bitcoin as an asset remains strong, most users seeking DeFi exposure prefer Wrapped Bitcoin (WBTC) on Ethereum or centralized platforms rather than independent Bitcoin-native Layer 2 networks. $BTC $HYPE #DailyOrbit

🛢️ Oil Markets Remain Volatile as U.S.-Iran Tensions Escalate Again Oil prices initially retreated as traders grew more optimistic about energy flows through the Strait of Hormuz and the possibility of further de-escalation in the region. However, sentiment quickly reversed after President Trump blamed Iran for the downing of a U.S. military helicopter near Oman and ordered retaliatory strikes targeting Iranian air-defense and military infrastructure. Iran later responded with missile and drone attacks against U.S. military assets in the region, marking another sharp escalation in tensions between the two countries. Iranian officials also warned that continued U.S. military activity near Iran could trigger further confrontations. Meanwhile, concerns remain elevated across the Middle East. Although a fragile ceasefire between Israel and Iran remains in place, regional hostilities have continued, including renewed Israeli operations in southern Lebanon. The renewed geopolitical risk helped push Brent crude back toward the $93 range, while WTI rebounded toward $90 after hitting multi-week lows earlier in the week. Investors are now closely watching upcoming U.S. CPI data for clues on inflation and the Federal Reserve's next policy moves. $BTC $ETH $SOL #DailyOrbit

□□ U.S. Lawmakers Debate New Crypto Tax Rules 🔸 The House Ways and Means Committee discussed digital asset taxation on Tuesday following the introduction of seven Republican-backed crypto tax bills. 🔸 Key proposals include a tax exemption threshold for small crypto transactions, delaying taxes on mining and staking rewards until the assets are sold, and extending wash-sale rules to digital assets. 🔸 The bills will require bipartisan support to advance through committee before any amendments can be considered. If approved, some provisions could potentially be included in a future reconciliation package, which only requires a simple majority vote in Congress. #DailyOrbit $BTC $H $ALLO

Zodia Custody Secures New Luxembourg License to Expand Stablecoin Services Across the EU 🔸 Zodia Custody has obtained a Payment Institution license from Luxembourg's financial regulator (CSSF), enabling the company to provide regulated stablecoin custody and transfer services across the European Union under the MiCA framework. 🔸 The approval marks another step in Zodia's expansion within Europe's regulated digital asset market, as institutions increasingly seek compliant infrastructure for crypto and stablecoin operations. 🔸 The development comes amid Standard Chartered's proposed acquisition of Zodia Custody. On May 18, the bank confirmed that its preliminary offer had been accepted, with Zodia's regulated crypto custody operations expected to be integrated into Standard Chartered's digital asset custody business. 🔸 If completed, the deal would further strengthen Standard Chartered's position in the rapidly growing institutional digital asset sector while expanding its presence in the EU's regulated crypto market. #DailyOrbit #BTCTreasuryRisk $BTC $ETH

According to a Reuters investigation, companies and crypto projects associated with the Trump family generated at least $2.3 billion in gains, while more than one million investors collectively recorded around $2.3 billion in losses (including unrealized losses) as of the end of April. Breakdown by project: 🔸 World Liberty Financial (WLFI) Trump family-related holdings: +$1.1B Investors: -$674M 🔸 $TRUMP Meme Coin Trump family-related holdings: +$616M Investors: -$711M 🔸 ALT5 Sigma (now AI Financial Corp.) Trump family-related holdings: +$538M Investors: -$675M The company's stock has declined by more than 90%. 🔸 American Bitcoin (Bitcoin mining company) Trump family-related holdings: +$19M Investors: -$216M The White House has stated that neither President Trump nor his family has any conflict of interest related to these ventures, emphasizing that price movements in stocks and tokens are ultimately driven by market supply and demand. As with any speculative asset, gains and losses are distributed unevenly among market participants, and investors remain responsible for their own investment decisions and risk management. #DailyOrbit $BTC $WLFI

🚨 Humanity has revealed the cause of its recent hack: an employee with token minting privileges had their device compromised. The attack resulted in over $36 million being stolen and hundreds of millions of dollars in market value erased. The incident highlights a critical risk in crypto: even strong projects can be severely impacted by failures in key management and access controls. For investors, security isn't just about smart contracts—it's also about how a project manages the people and permissions behind the protocol.#DailyOrbit $H

🏦 SBI Shinsei Bank is set to reward savings customers with crypto vouchers. 🔹 Customers will receive vouchers worth 20% of the interest earned on their deposits. 🔹 Vouchers can be redeemed for BTC, ETH, or XRP. 🔹 A three-month pilot program will be launched before the service is rolled out more broadly. Another sign of traditional finance embracing digital assets. #DailyOrbit $BTC $ETH

💳 Cardless and Coinbase are launching a stablecoin-backed credit card. 🔹 Users can use their USDC holdings as collateral to access a credit line. 🔹 The pledged USDC remains yield-bearing while serving as collateral. 🔹 The product is designed for digital asset holders who may not qualify for traditional credit cards. Another example of crypto assets being integrated into real-world financial products. #DailyOrbit $BTC $ETH $SOL

🔥 Strategy bought another 1,550 BTC (~$101 million) over the past week at an average price of around $65,300. The company now holds 845,256 BTC with an average cost basis of approximately $75,700 per BTC. With a single recent purchase, Michael Saylor has accumulated nearly 48x the amount of Bitcoin he previously sold, capitalizing on a much lower price level. $BTC #DailyOrbit