#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 Golden Finance reported that, according to Lookonchain's monitoring, as the news of Trump's conviction spread, many MEMEcoins themed around Trump were created. A savvy trader made around 972 SOL tokens (167,000 USD) in 5 hours by trading the Trump-themed tokens FREE TRUMP (FREE) and NEVER SURRENDER (TRUMP).
The trader spent 85 SOL (USD 14,600) to buy FREE and then sold it at a price of 814 SOL (USD 140,000), making a profit of 729 SOL (USD 125,000). They also spent 72 SOL (USD 12,300) to buy TRUMP and then sold it at a price of 315 SOL (USD 54,000), making a profit of 243 SOL (USD 42,000).