#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 Gold released its first quarterly audit report, with gold reserves exceeding 7.7 tons.
Gate.io News bot message, according to Wu Shuo's report, Tether released the first official audit report for XAU₮( Tether Gold) for the first quarter of 2025. The audit results show that XAU₮ holds 246,523.33 ounces of physical gold reserves, totaling over 7.7 tons, with a market capitalization of 770 million USD. Each XAU₮ token corresponds to one ounce of physical gold, maintaining a 1:1 redemption ratio.
The report indicates that XAU₮ has received recognition from Salvadoran regulatory authorities, with all gold reserves stored in Swiss vaults.