Woofun AI data shows that the US Consumer Price Index declined 0.4% month-on-month in June, marking the largest drop since April 2020, while the annual rate fell to 3.5% from 4.2%, missing the 3.8% forecast. Core CPI settled at 2.6%, remaining flat on a monthly basis.

Following the release, major crypto assets rallied, with BTC climbing from approximately $62,000 to $64,900 and ETH gaining 7% to reach $1,884, triggering roughly $300 million in short liquidations. Federal Reserve Chairman Kevin Warsh testified before Congress that the Fed maintains "zero tolerance" for persistent inflation, stating he does not believe the "mission is accomplished" and offered no guidance on future policy steps.