#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
Solv raised $10 million for BTC reserve issuance to drive institutional adoption of BTC finance
PANews reported on March 13th that Solv, a BTCstake platform, has raised $10 million for its BTC reserve issuance (BRO) to establish a $100 million BTC reserve. Solv will deploy the raised BTC into various yield-generating tools, such as LiquiditystakeToken, and invest in Decentralized Finance (DeFi), Real World Assets (RWA), and institutional financial products. In Thursday's announcement, Solv stated, "This means that the BTC reserve owned by Solvprotocol will be active and productive, rather than letting BTC idle." According to the introduction, BRO combines various aspects of traditional convertible bonds with native cryptographic functions to promote institutional adoption of BTC finance. Solv is trying to provide an "on-chain MicroStrategy" model, which may attract institutions that want to invest in BTC as a value store in a way similar to MicroStrategy, but without the need to buy and hold it themselves. In addition, they may be seeking a more proactive form of BTC investment that generates income.