#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
Ethereum Beam Chain update: 8 new teams join, planning to rename due to trademark issues with "Beam"
PANews reported on February 18th that Ethereum core developer Justin.eth Drake shared the progress of the Beam Chain's first community conference call on Twitter, and announced that the second conference call will be held on February 28th, focusing on technical progress. Due to trademark issues with the name 'Beam', the project will be renamed. The meeting summarized the addition of 8 new teams, the support of 6 mainnet consensus layer teams, and the introduction of 2 new coordinators joining the Ethereum Foundation. Currently, Beam Chain has a total of 14 consensus layer teams, covering all continents except Antarctica, using various programming languages including Zig, C, C++, C#, and has seen the emergence of several self-funded teams. Justin believes that Beam Chain provides an excellent entry point for developers to deepen their understanding of the underlying technology of Ethereum L1. In addition, the conference also discussed the key role of ZKVM (Zero-Knowledge Virtual Machine) technology in Beam Chain, and announced a series of research and development plans, including ZK acceleration and multi-language support. Earlier, it was reported that a researcher from the Ethereum Foundation proposed a consensus layer upgrade proposal called "Beam Chain," which is referred to as "Ethereum 3.0" by the community.