#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
CME Bitcoin futures set a record gap of over $10,000
PANews reported on March 3 that following US President Trump's announcement of a Cryptocurrency strategic reserve, the Chicago Mercantile Exchange (CME) recorded the largest BTC futures gap in history. According to TradingView data, this news added over $300 billion in volume to the Spot market and led to a $10,000 gap in CME BTC futures. This record gap exceeded the previous record slightly above $4,000 in August 2024, observed by Asymmetric founder Joe McCann on March 2. Analyst Rekt Capital pointed out, "BTC has filled the CME gap between $92,800 and $94,000 formed during last week's Spot market crash." He added that BTC has successfully filled two CME gaps within a week, but in the process, also created a new massive gap ranging between $84,650 and $94,000.