#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
Tether releases audit report for gold tokenization product XAUT: backed by over 7.7 tons of physical gold.
BlockBeats news, on April 28, according to official information, Tether announced that its gold tokenization product Tether Gold (XAUT) has now achieved compliance in El Salvador and released the first XAUT official audit report in accordance with the new regulatory framework. The report states that each XAUT token is backed by 1:1 physical gold, which is securely stored in a dedicated vault within a world-class facility in Switzerland, and the circulating XAUT tokens are backed by over 7.7 tons of physical gold.