#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
Strategy Isn't Driving Bitcoin Price—Data Debunks the Hype, Expert Says
A top digital assets expert has shattered the myth of Strategy’s bitcoin price influence, revealing weak correlation and minimal market impact despite the firm’s aggressive accumulation.
Strategy’s Market Impact Minimal, Expert Finds Low Correlation With BTC Prices
Matthew Sigel, head of digital assets research at asset management firm Vaneck, publicly challenged the narrative that Microstrategy (Nasdaq: MSTR), which recently rebranded as Strategy, has a significant effect on bitcoin’s price movements. On April 21, he shared a detailed analysis on social media platform X, presenting data that, in his view, debunks claims of major market influence by the enterprise software firm turned BTC accumulator.
Sigel began his post with a blunt summary:
He analyzed bitcoin price and trading volume data spanning Oct. 14, 2024, to April 20, 2025, using figures from TD Cowen and Bitcoinity. According to his findings, Strategy’s activity during that time frame generally made up a minor portion of total market volume.
“Most weeks, Strategy accounts for only a low-single digit percentage (3.3% to be precise),” he stated. The weekly average was slightly higher—8.4%—but that number was skewed by four unusually active weeks in which its share exceeded 20%, compared to eight weeks where the firm did not purchase any bitcoin at all.
Strategy has been aggressively accumulating bitcoin, adding 6,556 BTC for $555.8 million at an average price of $84,785 as of April 20. The company now hodls 538,200 BTC, acquired for approximately $36.47 billion at an average cost of about $67,766 per bitcoin. Strategy has achieved a year-to-date BTC yield of 12.1% in 2025.
Continuing his argument, Sigel pointed to a lack of strong statistical links between Strategy’s buying and bitcoin’s market behavior. He stated:
The Vaneck head of digital assets research also dismissed the notion that bitcoin mining significantly impacts price, citing the dominance of secondary market trading relative to new supply. He detailed: “Given this imbalance, it seems clear that miners are price takers rather than price setters of bitcoin.” Sigel’s analysis suggests that broader market activity, rather than corporate buyers or miners, plays the dominant role in determining bitcoin’s value.