Bitcoin lunged higher this week after US CPI data came out showing inflation easing in April as declines in food and car prices offset the rise in rent and gasoline prices. Overall prices increased 3.4% from last year but down from 3.5% in March.

This week we saw a strong signal that institutional investor confidence is back with a massive 726.8m of inflows across all Bitcoin ETF’s. In general it has been a strong week for the cryptocurrency markets with most of the majors in the green, led of course by Bitcoin with a 9.7% gain on the 7 day.

After it was announced last week that Metal L2 (MTL) is joining the Optimism Superchain, this week Velodrome the largest Optimism DEX and Liquidity Layer of the Superchain have announced their intention to launch on Metal L2 and have requested MTL incentives to bootstrap deep liquidity pools. If you are a MTL holder please review the proposal and cast your vote here.

Metallicus CEO Marshall Hayner was featured in Mashable this week where he talks about how Metallicus are Bringing Banking and Blockchain Together.

Patelco Credit Union Joins Metal Blockchain’s Banking Innovation Program. "Bringing Patelco Credit Union on board our Banking Innovation Program marks a pivotal advancement in our commitment to revolutionizing the financial sector with blockchain technology," expressed Frank Mazza, Metallicus' Director of Blockchain for Institutions & Fintechs.

If you're on the platform formerly known as twitter, be sure to give @metalintern333 a follow, their memes have been on fire lately and may include some alpha 👀