#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
Cross-chain bridge fund flow in the past week: Arbitrum net inflow of $162 million, Ethereum net outflow of $123 million.
According to a message from 深潮 TechFlow on June 9, data from DefiLlama shows that Arbitrum cross-chain bridges have a net inflow of funds reaching 162 million USD, ranking first among all public chains. Following are Bsc and Unichain, with net inflows of 68.47 million USD and 43.7 million USD, respectively.
Ethereum, Avalanche, and Bera saw net outflows of $123 million, $80.07 million, and $64.49 million, respectively.