#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
Encryption startup Theo completes $20 million in funding, focusing on high-frequency trading strategies.
Gate.io News bot message, "Fortune" reported that the crypto startup Theo has completed a $20 million financing. This financing was conducted in two rounds: in March 2024, the quantitative investment firm Manifold Trading led a $4.5 million seed round; subsequently, the crypto assets investment firms Hack VC and Anthos Capital led a $15.5 million round.
Theo was co-founded by former Optiver and IMC Trading employees Abhi Pingle, Arijit Pingle, and TK Kwon. The company is dedicated to developing high-frequency trading (HFT) strategies for ordinary investors.