#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
Stacks Asia collaborates with Abu Dhabi to expand Bitcoin projects.
Golden Finance reports that the Stacks Asia DLT Foundation has become the first Bitcoin organization to establish an official entity in the Middle East, aiming to promote institutional adoption of Bitcoin through expanded educational programs. Stacks Asia has partnered with the Abu Dhabi Global Market (ADGM), a move that may facilitate the adoption of its Bitcoin Layer 2 solution in the Middle East and Asia.