#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
Aave DAO proposal on the repurchase allocation of AAVE
According to Mars Finance, Aave DAO has passed a proposal to initiate the AAVE buyback and distribution plan. The proposal approves the allocation of specific aEthUSDT from the Aave Collector contract to the Aave Finance Committee (AFC), enabling the committee to launch AAVE buybacks as part of Aavenomics implementation. This preliminary proposal allows AFC to begin executing the first phase of the buyback plan, approving 4 million USD of aEthUSDT for approximately one month of AAVE buybacks. The full plan aims to buy back 1 million USD weekly over six months.