#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
Plasma has now reached the deposit limit of 500 million USD.
On June 9, according to official data, the stablecoin project Plasma has now hit the $500 million deposit cap. Deposits earn yield on Aave and Maker through Veda's audited vault contracts (with a total locked volume of over $2.6 billion). After the lock-up period ends, all assets will be converted to USDT. BlockBeats reported earlier today that Plasma posted that it has decided to increase the initial deposit limit to $250 million based on community feedback to support fairness, inclusion and broad participation. Personal deposits will be limited to $50 million. Plasma, which previously received a strategic investment from Peter Thiel's Founders Fund, announced in February that it had raised $24 million ($20 million Series A and $4 million in seed) led by Framework Ventures, with participation from crypto trading platform CEX, venture capitalist Peter Thiel, and Tether CEO Paolo Ardoino.