#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
Australian regulators will shut down 95 companies involved in Crypto Assets scams, with the amount involved exceeding 35.8 million USD.
According to Mars Finance, the Australian Securities and Investments Commission (ASIC) has announced that the Federal Court has approved its application to shut down 95 companies involved in Crypto Assets investment and online romance scams. These companies have been accused of participating in "pig butchering" scam schemes, enticing victims through fake websites and applications. Currently, nearly 1,500 victims from 14 countries, including Australia, the United States, and India, have filed claims, reporting losses exceeding $35.8 million.