Inflation is good news, no rate hike in July, but why Bitcoin can't rise...

Summary

The video analyzes why Bitcoin failed to rally strongly despite lower-than-expected US PPI and CPI data that pushed out rate-hike timelines. Geopolitical tensions, particularly the Iran-US standoff over the Hormuz Strait, are capping Bitcoin's upside. Morgan Stanley's upcoming Ethereum and Solana ETFs with ultra-low fees are highlighted, with a personal preference for the Solana ETF. Additionally, DTCC's tokenization of stocks and treasuries on an Ethereum-compatible chain is seen as a catalyst that favors Ethereum over Bitcoin.

• US inflation data (CPI and PPI) came in below forecasts, reducing July rate-hike odds to near zero and pushing back the next likely hike to September or later.
• Despite the favorable macro backdrop, Bitcoin only managed modest gains and remains range-bound, with upside capped by the Iran-US war over the Hormuz Strait.
• Morgan Stanley is preparing Ethereum (MSSE) and Solana (MSOL) ETFs with an industry-low 0.14% fee and staking integration, but the editor finds MSOL more compelling due to lower competition.
• DTCC revealed plans to tokenize stocks (including Microsoft) and US treasuries on an Ethereum-compatible chain, which could boost Ethereum more than Bitcoin.
• Bitcoin is currently most sensitive to Fed rate commentary, while semiconductor stocks are largely ignoring such rhetoric.
• Upcoming events—PCE release in late July and Fed's Genius Act regulations this weekend—could break the current stalemate in crypto prices.