#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
Convict in Undead Apes NFT Fraud Dies by Suicide Before Sentencing
Burman Jerry Nowlin, a 21-year-old involved in a $400,000 NFT scam, tragically took his own life on December 21, 2024, just weeks before his sentencing. Nowlin had been convicted for his role in the Undead Apes NFT fraud and was facing federal charges of wire fraud and money laundering.