#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
The Aave community approved a $4 million buyback plan.
Gate.io News bot message: According to the news, the Aave community has approved a proposal granting the Aave Financial Committee (AFC) the authority to repurchase up to 4 million USD equivalent of aEthUSDT. The funds will be used to repurchase AAVE tokens from the market and deposit them into the ecological reserve.
As part of the Aavenomics upgrade, this buyback plan sets a weekly limit of 1 million USD, with an execution period of 6 months. In this initial execution phase, the buyback will be completed through the secondary market or market makers, and the authorized capital amount can be adjusted or revoked as needed.
Source: Wu Says