#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
Stealth Malware in Apps Hijacks Crypto Wallets—Millions At Risk!
A newly discovered malware, SparkCat, has been found in software development kits (SDKs) used to create apps for Google’s Play Store and Apple’s App Store, cybersecurity firm Kaspersky Labs reported. The malware scans images stored on infected devices to extract crypto wallet recovery phrases, potentially allowing attackers to steal funds.
SparkCat malware is targeting crypto wallet recovery phrases through Android and iOS apps. Source: X How SparkCat Targets Crypto Wallets
Kaspersky analysts