#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
BlackRock and five other companies account for 88% of the tokenization of government bond issuance.
PANews April 26 news, according to Cointelegraph reports, RWA.xyz data shows that six entities hold 88% of tokenized U.S. Treasury bonds. The largest tokenized wealth issuer remains BlackRock. The company's tokenized U.S. Treasury bond fund BUIDL has a market capitalization of $2.5 billion, which is 360% higher than its closest competitor. The top six funds also include Franklin Templeton's BENJI, with a market capitalization of $707 million; Superstate's USTB, with a market capitalization of $661 million; Ondo's USDY, with a market capitalization of $586 million; Circle's USYC, with a market capitalization of $487 million; and Ondo's OUSG fund, with a market capitalization of $424 million. These six funds together account for 88% of the total issuance of tokenized Treasury bonds.