#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
Indonesia suspends Worldcoin and WorldID services due to violations of electronic system regulations.
According to Deep Tide TechFlow news on May 5, the Indonesian Ministry of Communication and Digital (Komdigi) has temporarily revoked the electronic system operator registration certificate (TDPSE) for Worldcoin and WorldID services.
The head of the Digital Space Supervisory Agency, Alexander Sabar, stated that the suspension is a measure taken in response to reports of suspicious activities concerning these services. Preliminary investigations show that PT. Terang Bulan Abadi is not registered as an electronic system operator (PSE) and has not obtained the required TDPSE certificate. Furthermore, Worldcoin's services are operated under the TDPSE of another legal entity, PT. Sandina Abadi Nusantara. The Indonesian Ministry of Communication and Information Technology plans to summon these two companies for an investigation into alleged violations of electronic system regulations.