#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
Institutions like the Solana Policy Institute submitted a proposal to the SEC for blockchain securities trading.
According to Gate.io News bot, Wu said that the Solana Policy Institute, Superstate Inc., and Orca Creative jointly submitted a proposal named "Project Open" to the U.S. Securities and Exchange Commission (SEC).
The proposal aims to conduct securities issuance and trading activities through public blockchain infrastructure. The specific plan includes: registering equity in the form of Token Shares, establishing a whitelist of wallet addresses that have undergone KYC and educational training, using blockchain to record the shareholder register, establishing a non-custodial or compliant custodial wallet structure, implementing an instant settlement mechanism, and conducting peer-to-peer transactions based on smart contracts.