#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 Democratic proposal in the U.S. Senate aims to impose environmental fees on high-emission data centers.
According to the Gate.io News bot, Bloomberg reported that Senate Democrats have introduced the "Clean Cloud Act" draft. This draft establishes a charging mechanism for data centers that support blockchain networks and artificial intelligence models exceeding federal emission targets.
According to the bill, the U.S. Environmental Protection Agency must establish emission standards for data centers and cryptocurrency mining facilities with an IT nameplate power exceeding 100 KW, with an annual reduction target of 11%. For emissions that exceed the limit, a fee of $20 per ton of carbon dioxide equivalent will be charged, and this fee standard will be adjusted annually by $10 for inflation.