Inflation continued to retreat in June. That's according to the government's Consumer Price Index report on Thursday morning.

Data from the U.S. Bureau of Labor Statistics shows the June rate coming in at a negative 0.1% pace against forecasts for gain of 0.1% and May's 0% read.

On a year-over-year basis, the CPI was higher by 3% versus expectations for 3.1 and 3.3% in May.

The price of Bitcoin jumped in the minutes following the report. As of 10 a.m. Eastern time,

the leading cryptocurrency by market cap is trading at $58,600, up 1.5% on the day.

Former U.S. President Donald Trump is said to speak at the upcoming Bitcoin conference in Nashville, Tennessee.

That's according to an announcement from the conference organizer.

A spokesperson told CoinDisc that the presumptive Republican nominee will be speaking at 2 p.m. Central time for 30 minutes on the last day of the

conference, which runs from July 25th to 27th. Trump has shown an embrace of digital assets

since coming out in favor of the industry at his NFT gala this spring. He has then incorporated

pro-Bitcoin policies into the core Republican Party platform casting a strong contrast with the

Biden administration.

And ARG Invest CEO and founder, Kathy Wood defended the company's strategy in a letter to investors,

stating that things will take a turn once interest rates fall.

Wood first acknowledged the firm's recent underperformance due to the macro environment and some stockpicks,

but she stressed, quote,

our conviction in and commitment to investing in disruptive innovation have not wavered, end quote. The ARC Innovation ETF Fund has been on a rocky road since reaching its all-time high in 2021.

ARC's top investments as of May 31st were Tesla, Coinbase and Roku. According to LSEG data, as of 10 a.m.

Eastern time, the ARKK fund is trading above $47. That's it for CoinDesk daily. Get more updates on

coindex.com and we'll see you next time.