#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
Solv Protocol has launched the RWA-supported Bitcoin yield token SolvBTC.AVAX on Avalanche.
According to Mars Finance, Solv Protocol has announced the launch of its yield-bearing Bitcoin token SolvBTC.AVAX on the Avalanche blockchain. SolvBTC.AVAX aims to provide returns for Bitcoin holders by investing in tokenized real-world assets (RWA). These RWAs include U.S. Treasury bonds and private credit from institutions such as BlackRock and Hamilton Lane. The token generates returns through a multi-protocol strategy involving several protocols including Elixir, Euler, and Re7, with returns distributed in BTC format. (Cointelegraph)