#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
Decentralization AI project Morpheus announces the launch of Mainnet
On November 19, according to Coindesk, Morpheus, a Decentralization AI project, announced the launch of Mainnet. The project aims to reduce the negative effects of AI, such as centralization, censorship, and data monopoly control. Similar Decentralization AI projects include Bittensor, dAIOS, and Boltzmann Network. Morpheus recently joined the Decentralization AI Association, an industry organization dedicated to countering tech giants that have a lot of control over AI data. Morpheus is built using the codebase of Arbitrum on-chainprotocol Lumerin and went live in July on the public Testnet or in a simulated experimental environment. The project promises to provide personal artificial intelligence, also known as "intelligent agents," that can empower individuals in the same way that personal computers and search engines did decades ago. Among other tasks, agents can "execute Smart Contracts, connect to users' Web3 Wallets, DApps, and Smart Contracts," the team said.