#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
Arca sells all Circle shares, previously criticizing the IPO valuation as too low and switching to USDT.
Arca's Chief Investment Officer Jeff Dorman stated that Arca has sold all of its Circle (CRCL) shares. Previously, Arca criticized the low allocation of Circle's IPO, stating that it will switch to USDT.