#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
Securitize proposes using BlackRock BUIDL Fund as collateral for Frax USD
Golden Finance reported that the brokerage firm of the digital Liquidity fund (BUIDL), Securitize, has submitted a proposal to improve Frax by adding BUIDL as support Collateral for the Frax USD stablecoin. According to the improvement plan, using BUIDL as collateral reserve assets can provide profit opportunities, deeper liquidity, and transfer options, and can reduce counterparty risk due to the support of BlackRock, the world's largest asset management company.