📢 US consumer prices have remained well above the Federal Reserve’s 2% inflation target throughout Jerome Powell’s tenure as Fed Chair.

📢 A trader on Hyperliquid opened a $79.7M 23x leveraged short position on Ethereum, with liquidation set at $2,169.03.

📢 S&P 500 has rallied 17% during an eight-week winning streak, marking its second-longest stretch in more than 20 years and pushing the index above 7,500 for the first time in history.

📢 According to Santiment, the latest development activity rankings are led by MetaMask’s mUSD, Hedera, and Chainlink.

📢 Two of the top three traders on Hyperliquid are currently holding short positions against Hyperliquid.

📢 S&P 500 short interest has risen to 3%, marking its highest level in more than 10 years.

📢 According to Santiment, wallets holding at least 100K Chainlink have reached a record high of 805 addresses, rising 8.2% over the past seven weeks.

📢 The seven largest token unlocks scheduled this week amount to $77.27M in total, with GUA accounting for the biggest share at $27.71M.

📢 Gallup’s Economic Confidence Index fell to -45 in May, its lowest level since October 2022, while 76% of Americans say economic conditions are worsening.

📢 Taiwan’s stock market has surpassed India’s, reaching a $4.95 trillion valuation driven by a rally in TSMC.

This moves Taiwan into the fifth-largest equity market globally, behind the U.S., China, Japan, and Hong Kong.

📢 According to the Financial Times, deregulation has created a $1.3 trillion growth opportunity for leading US and UK banks, while competitors in the EU and Switzerland continue to operate under stricter capital rules.

📢 Digital asset investment products recorded $1.47B in outflows last week, extending the streak of negative flows to two consecutive weeks.

📢 According to CryptoQuant, XRP liquidity on Binance has dropped to its lowest level since January 2020.

📢 107 BTC, valued at about $8.5M, was recently sent to Bitcoin’s burn address.

📢 Taiwan’s market capitalization has climbed to almost $5 trillion following a strong AI-led rally of about 52% year-to-date, with TSMC driving much of the gains and now accounting for nearly half of the benchmark index.

📢 Nearly a third of inbound tickets handled by AI turn out to be low-value noise, with email accounting for the largest share of unnecessary requests.

📢 Standard Chartered believes Ethereum’s recent weak price performance fails to reflect its strengthening fundamentals, comparing ETH’s current position to Amazon in the aftermath of the dot-com crash.

📢 U.S. interest payments on the national debt have reached a record $616 billion, with projections suggesting annual costs could exceed $2 trillion by 2036.

📢 Chainlink and Solana remain at the top of Santiment’s development rankings within the Solana ecosystem, while Pyth and Marinade have moved up the list this month.

📢 Dell shares have surged about 80% since President Trump urged the public on May 8 to “go out and buy a Dell,” adding roughly $120 billion in market value, according to The Kobeissi Letter. The rally was also supported by a $9.7 billion Pentagon contract and better-than-expected earnings results.