#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
The dissolved blockchain company BANKEX has sued ZKsync developer Matter Labs over an intellectual property dispute.
According to Gate.io News bot, CoinDesk reports that the defunct blockchain company BANKEX has filed a lawsuit against ZKsync developer Matter Labs in the New York State Supreme Court for alleged intellectual property theft.
BANKEX pointed out in the lawsuit that two former employees, during their participation in the Plasma project, privately established Matter Labs using company resources and claimed the company's technology as their own.
Matter Labs responded to this, denying all allegations and emphasizing that ZKsync is a self-developed technology, stating that these lawsuits are "baseless."