#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
Loopscale reached a bounty agreement with the Hacker after being attacked.
According to the Gate.io News bot, Wu Shuo reported that Loopscale has officially announced that they have contacted the attacker, who has agreed to return the stolen funds through a Bounty Program. Loopscale will announce the withdrawal recovery plan and a complete post-incident analysis report in the near future.
Earlier at 11:30 AM Eastern Time, the pricing function of Loopscale's RateX PT token was manipulated, resulting in a loss of approximately 5.7 million USDC and 1,200 SOL for the platform, which accounted for 12% of the platform's total funds.