CoinEx News: Two macro signals are improving the liquidity backdrop for crypto: core CPI rose just 0.21% month-on-month, the softest print in months, while oil-risk premiums eased as markets priced in safer Strait of Hormuz passage. Two-year Treasury yields have fallen about 13 basis points over the past week, reflecting some improvement in rate-cut expectations, though they remain more than 60 basis points above February levels.

With yields still well above their February lows, rate-cut repricing has room to extend rather than simply reset. For BTC and ETH, the next liquidity signal now depends less on the Hormuz headline itself and more on whether Fed communication confirms a less hawkish path.