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04:47
A survey by Bloomberg shows that due to the Iran war driving up inflation, the European Central Bank will raise interest rates twice this year.
According to the survey conducted from May 4 to May 7, economists expect the bank to raise interest rates by 25 basis points in both June and September, which is more in line with market expectations that the bank will act at least twice this year. The previous round of survey predicted only one increase in the deposit rate, which is currently 2%. Meanwhile, this year's inflation rate is expected to be 2.9%, higher than the 2.8% forecast in the previous survey. Analysts expect inflation to fall to 2.1% in 2027 and reach the European Central Bank's target of 2% in 2028.
04:46
SUI Market Data Overview: Uptrend Mainly Driven by Derivatives Market, Spot Market Inflows Stabilized Over the Past Month
BlockBeats news, on May 11, SUI briefly broke through $1.4 in the early morning, currently quoted at $1.28, up 18% in the past 24 hours and up 36.5% over the past 7 days. According to Coinglass data, in the spot market, the USDT trading pair on an exchange saw a net inflow of 17.83 million dollars in the past 7 days, ranking first. Meanwhile, the KRW pair on another exchange and the USDT pair on another exchange saw net outflows of 11.83 million and 4.18 million dollars respectively, ranking second and third. On the contracts side, the total SUI open interest across the network surged to 918 million dollars, a 46.25% increase in the past 24 hours. Contract trading volume in the past 24 hours soared to 5.4 billion dollars, a 416% increase. The SUI/USDT long-short ratio on an exchange reached 1.37, with a large trader ratio of 1.55. Overall, in the past 24 hours, SUI contract capital across the network saw a net inflow of 36.16 million dollars, while spot capital saw a net inflow of 8.13 million dollars. However, taking a longer-term view, over the past 30 days, net inflow to SUI spot across the network was 8.56 million dollars, whereas SUI contract capital saw a net outflow of 100 million dollars during the same period. This indicates that during the consolidation at recent lows over the past month, although spot funds stabilized, some investors attempted to short the asset. Additionally, according to artemis data, Sui network's recent daily active users have remained in the 100,000 to 200,000 range, with no significant increase yet, still showing a large gap compared to peak bull market data.
04:42
Polymarket predicts a 75% probability of the CLARITY Act being signed in 2026.
Polymarket predicts that the probability of the CLARITY Act being signed into law in 2026 is 75%, an increase of 10% compared to earlier. (Cointelegraph)
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