#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
📆 Flash News 01/07/2024
1️⃣Gate.io data shows BTC up 48.5% and ETH up 50.6% in the first half of this year.
2️⃣Bloomberg analysts expect ETH spot ETF approval to be delayed until after July 8.
3️⃣Token Unlocks data indicates $DYDX, $SUI, $IO and others will undergo significant one-time token unlocks this week.
4️⃣Cross-chain protocols are rising, with $ZRO up over 20% in a day, and $AXL, $W, and $ZETA up over 7% in 24 hours.
5️⃣U.S. spot Bitcoin ETFs have a cumulative net inflow of $14.525B.