#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 SEC has terminated its investigation into PayPal's stablecoin PYUSD and has not taken enforcement action.
According to the Gate.io News bot, Cryptonews reports that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into PayPal stablecoin PYUSD and has not taken any enforcement action.
According to documents disclosed by PayPal on Tuesday, the SEC's enforcement division notified the termination of the investigation in February 2025, after issuing a document subpoena in November 2023.
PayPal mentioned in the document that the regulatory environment is continuously changing, and future legislation poses costs and risks to stablecoin issuers and their partners. If PYUSD is involved in illegal transactions, its issuer partners will face legal disputes.