#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
Tether (USDT) is valued at 515 billion USD, surpassing Costco and Coca-Cola.
CEO Paolo Ardoino stated that if Tether goes public, the company could reach a valuation of 515 billion USD, becoming the 19th largest company in the world – surpassing both Costco and Coca-Cola. He emphasized that this figure could be considered "conservative," given Tether's rapidly increasing reserves of Bitcoin and gold. Nevertheless, the company maintains a humble attitude and is very excited about the next phase of development.
However, Tether's competitor is Circle, the issuer of USDC that just went public and has a market capitalization of 21 billion USD.