#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
Telegram has reached a partnership with xAI, securing $300 million in cash and equity.
Gate News bot reports that according to Wu Shuo, Telegram founder Pavel Durov announced that Telegram has signed a one-year cooperation protocol with xAI. According to the protocol, Telegram will integrate and distribute Grok to its users within the application. In return, xAI provides Telegram with $300 million in cash and equity, while Telegram receives a 50% share of the subscription revenue from xAI sales through its platform.
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