#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
FIL Foundation and other industry participants establish the Decentralization AI Association
Odaily Planet Daily News encryption industry participants have established a non-profit organization called the "Decentralized AI Society (DAIS)" dedicated to addressing the potential for monopolization in the artificial intelligence (AI) industry. The group is led by Michael Casey, who was formerly the Chief Content Officer at CoinDesk and also the Chairman of Consensus. The 8 founding members of DAIS include CETI AI, FIL Foundation, Bloq, Hypercycle, Morpheus, Hemi, Odyssey, and Lumerin. During an interview at the Token2049 blockchain conference held in Singapore on Tuesday, Casey stated, "DAIS believes that centralized platforms in the age of artificial intelligence have a huge competitive advantage. They have all the data and computing power, and even regulatory agencies." DAIS aims to address four issues: