#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
BURNGMT.COM Lock-up Position breaks 300 million coins
According to the latest data from BurnGMT.com, the total amount of GMT participating in the Lock-up Position vote has exceeded 300 million, with the current Annual Percentage Rate at around 200% or more. Since the launch of the Lock-up Position plan, the GMT price has pumped from 0.115 to a high of 0.2639, an increase of about 129.48%, and the price has fallen to 0.2, with an increase of 73.91%. The plan will end on January 20, 2025, after completing the first Lock-up Position target, burning 60 million advisor shares of GMT that will be unlocked in the next 10 months. It is reported that if the total Lock-up Position reaches 500 million and 900 million, a larger-scale burning plan will be triggered.