[U.S. June CPI Drops 0.4% Month-on-Month, BTC Rises to $64,900] Odaily Planet Daily News: U.S. June CPI fell 0.4% month-on-month, marking the largest monthly decline since April 2020; the annual rate dropped from 4.2% in May to 3.5%, below the expected 3.8%. Core CPI fell to 2.6%, also below expectations, remaining flat month-on-month. Major crypto assets rose following the release of the data, with BTC climbing from approximately $62,000 to $64,900, and ETH increasing by 7% to $1,884. Approximately $300 million in short positions were liquidated. Federal Reserve Chairman Kevin Warsh testified before Congress, stating that the Fed has "zero tolerance" for persistently high inflation. He emphasized that if policies are correct, the inflation surge of the past five years will become a thing of the past. When asked about the CPI data, he disagreed with the assessment of "mission accomplished" and did not provide guidance on the next steps for policy.