#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
The Web3 social media application Phaver has ceased operations.
According to Techub News, X user @DefiIgnas disclosed that the Web3 social media application Phaver has ceased operations, with its Token price falling by 99% since the TGE in September 2024. Phaver team members stated that there were technical issues during the TGE and Airdrop, causing users to be unable to claim their rewards in time, which led to FUD; additionally, Phaver incurred over $1 million in fees to launch on 5 CEXs, and the team did not sell Tokens at the TGE, resulting in insufficient operating funds. As a Finnish company, Phaver also needs to pay 1 to 2 months of severance for employees. @DefiIgnas mentioned that some former team members are currently developing SocialDAO to seek new uses for the SOCIAL Token.
Phaver completed a $7 million seed round financing in October 2023, with investors including Polygon Ventures.