#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
Loopscale: Vault withdrawals are expected to resume in the coming days.
According to a report from Jinse Finance, Loopscale has released an update on the hacking incident on the X platform, disclosing that the work to re-enable Vault withdrawals is nearing completion, with withdrawals expected to be ready in the coming days. Loopscale had previously disclosed that the final recovered fund balance is 5,697,102.5 USDC and 1,215 SOL. All Loopscale vaults, including the Genesis vault (SOL, USDC, and USDG) and others (jitoSOL and fragSOL), will be subject to a 24-hour withdrawal limit per user and per vault, aimed at mitigating liquidity shocks and preventing a sharp rise in borrowing interest rates.