#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
News flash 2024/6/21
Yesterday, 9 Bitcoin spot ETFs reduced their holdings by 1290 BTC.
IntoTheBlock data shows that 16.3% of the currently staked Ethereum is participating in re-staking in protocols such as eigenlayer, Karak_Network, and symbioticfi.
LayerZero introduces a 'donation proof' claiming mechanism, users need to donate 0.1 USDC, USDT, or native ETH for each ZRO they claim.
4. AGIX and OCEAN will be first converted to FET starting from July 1st, and then transition to ASI tokens.
5. The Ethereum Name Service ENS announced the launch of the ENSv2 project, aiming to expand ENS to Layer 2.