#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
Nasdaq has applied to the SEC to add XRP, SOL, ADA, and XLM to the Crypto Assets index.
[NASDAQ applies to the SEC to add XRP, SOL, ADA, XLM to the crypto index] On June 7, Nasdaq submitted a rule change application to the U.S. Securities and Exchange Commission (SEC) to plan to include XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM) in its crypto index benchmark. This adjustment involves the Hashdex Nasdaq Crypto Index ETF (NCIQ), which intends to expand its tracking target from the original Nasdaq Crypto US Settlement Price Index (NCIUS) to cover 9 types of Tokens in the Nasdaq CryptoIndex (NCI).