#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
4chan Resurrected: The encryption community regains influence, previously driving LINK and other Token prices soaring.
According to a Deep Tide TechFlow report on May 10, Cointelegraph reported that the controversial site 4chan has resumed operations after being hacked on April 14. The /Biz/ zone of the forum has always been an important gathering place for the Crypto Assets community and has had a significant impact on the market.
4chan's most notable influences in the encryption field include driving the large-scale rise of Chainlink (LINK), which increased from $1.80 at the beginning of 2020 to a historical high of $49.54 in 2021. Additionally, after the Pepe the Frog (Pepe) meme became popular on the platform, the market capitalization of the related token PEPE soared from $591 million at the beginning of 2024 to $11 billion.