Federal Reserve Chairman: The US economy remains strong and stable.

Odaily Planet Daily News According to The Block data, due to the stable year-on-year inflation rate of personal consumption expenditure (PCE) in the United States in April at 2.7%, the price of Bitcoin did not fluctuate significantly. The price of Bitcoin rose by 0.7% in the past 24 hours. (TheBlock)

Gold 10 data May 15 news, the highly anticipated US CPI data met expectations, while the April retail sales report remained stable, suggesting that consumer spending may face resistance. Bank of America US economist Stephen Juno believes that inflation data is a "step in the right direction" for the economy, but questions whether it is "really enough to excite the Fed." In addition, he pointed out that the flat retail sales report may indicate that the Fed's monetary policy has entered a "restrictive area", although consumers are generally in good shape. Juno also said that he does believe that the "last mile" of this year is much more difficult than last year. This is increasingly related to service inflation, which will take time to decrease.

Gate.io futures April 28th, April 26th, the China Iron and Steel Industry Association held an economic operation symposium for some steel companies in Beijing. For the future market, it is generally believed that the current adjustment of the steel industry is completely different from the cyclical adjustment under the previous incremental situation. It will be a long-term reduction adjustment process. The strong supply and weak demand situation of steel in China will exist for a long time. We need to be prepared for a long period of "tight days". At the same time, it is recommended to introduce production control policies as soon as possible, strengthen industry self-discipline, establish a new mechanism for capacity governance, increase policy support for green and low-carbon transformation, and restrain the irrational and substantial increase in prices of imported iron ore and other raw materials, in order to jointly maintain the stable, healthy and orderly operation of the steel industry.

Odaily Planet Daily News KPMG China Hong Kong Risk Consulting Director Zhan Sibao said that compared with other regions, the virtual asset spot ETF issued in Hong Kong, China has many advantages, including the protection provided by the China Securities Regulatory Commission for investors and more diversified redemption options. For investors, physical redemption and subscription options are attractive. Institutional investors who custody virtual assets themselves may consider holding relevant assets through ETFs without the need to convert them into legal currency in advance. He believes that Hong Kong is now ready to welcome spot Bitcoin and Ethereum ETFs. Hong Kong has very strict requirements for the issuance of such ETFs, including detailed review of the internal management and business capabilities of the issuer, ensuring compliance with relevant regulations, and providing sufficient protection for investors. Under the active promotion of the government, Hong Kong's regulatory environment continues to improve, providing a more stable investment environment for global virtual asset investors. The continuous development of the virtual asset industry helps Hong Kong attract investors and institutions seeking new investment opportunities. (Economic Tong Communication Agency)