#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
Nano Labs raised funds by issuing common stock to purchase 1 million USDT
Golden Finance reported that Nano Labs, a Nasdaq-listed company, announced an additional issuance of 154,799 shares of Class A common stock to investors at $6.46 per share, raising funds to purchase 1 million Stable CoinUSDT. The company had previously issued about 913,714 shares of Class A common stock to raise approximately $5.9 million.