#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
White House Digital Asset Policy Advisor: The Trump administration may use gold profits to increase Bitcoin reserves.
According to a report by Jinse Finance, Bo Hines, a digital asset policy advisor at the White House, stated in a recent interview with Crypto In America that the Trump administration will explore innovative ways to fund the Strategic Bitcoin Reserve (SBR) without increasing the burden on American taxpayers, and that the U.S. could use the profits generated from its gold reserves to finance its Strategic Bitcoin Reserve. However, analysts believe that Bo Hines' remarks are aimed at reassuring Americans, as a recent survey showed that 51% of Americans oppose the establishment of a Strategic Bitcoin Reserve, which has temporarily been placed at the bottom of the federal funding priority list.