#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
DePIN project Andrena completes $2.5 million financing, with participation from VanEck Ventures, etc.
According to Blockworks, DAWN, the DePIN project, completed a $2.5 million financing, with VanEck Ventures and VanEck's digital asset Alpha Fund participating. Neil Chatterjee, CEO of Andrena, said that with the launch of 5G and Starlink, society will transition from wired internet access to completely wireless access, and DAWN is designed to take advantage of "the transformation of the way we live". Please provide text to be translated. Earlier reports, Andrena, a decentralized physical infrastructure network (DePIN) project based on Solana, completed a $18 million financing to develop a decentralized autonomous wireless network (DAWN).