#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
AI coding startup Anysphere raises $900 million, led by Thrive Capital with participation from a16z and others.
Gate News bot news, AI programming assistant Cursor developer Anysphere has completed a $900 million financing round, led by Thrive Capital, with participation from a16z, Accel, and DST Global.
Anysphere's total financing amount has thus exceeded 1 billion dollars, and its valuation has risen to 9.9 billion dollars.
The company was established in 2023 and offers Cursor services through a subscription plan. Cursor has over 1 million daily active users, with more than half of the Fortune 500 companies using the platform.
Anysphere has recently shifted its business focus towards enterprise sales, which has become the company's main source of revenue. The company reported that in just 14 months since its establishment, its annualized revenue has exceeded $500 million, with annual recurring revenue reaching $100 million.
Source: TechinAsia