According to @KobeissiLetter, after the release of May CPI inflation data, prediction market Kalshi now shows increased expectations for two Federal Reserve rate cuts in 2025. This shift in rate cut outlook could provide a bullish catalyst for cryptocurrencies such as BTC and ETH, as lower rates typically drive liquidity into risk assets (source: @KobeissiLetter via Twitter). Traders should monitor Federal Reserve policy updates closely, as further confirmation could trigger volatility and renewed upward momentum in the crypto market.