Philippine CBANK Turns Hawkish, Crypto Sees Strong Inflows, SpaceX Signals Major AI Spend

Market News
1. The Philippine Central Bank signaled the monetary easing cycle is over and further rate hikes are possible to curb inflation, which is projected to remain high.
2. Bitcoin and Ethereum spot ETFs recorded significant positive net inflows, coinciding with data showing accumulation by long-term holders.
3. SpaceX warned of substantial capital expenditures, including for GPU manufacturing, indicating massive investment in AI infrastructure.