#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
Figment seeks an acquisition project worth $100-200 million, targeting ecosystems such as Cosmos and Solana.
According to Gate.io News bot, Bloomberg reports that the encryption stake service provider Figment is looking for acquisition projects in the range of $100 million to $200 million. The company is targeting acquisition projects that dominate on-chain such as Cosmos and Solana, as well as projects focused on regional markets in Asia and South America.
Figment CEO Lorien Gabel revealed that the company has issued letters of intent to multiple projects. Currently, the total stake assets managed by Figment amount to approximately $15 billion. The company plans to further expand its business scope after obtaining U.S. regulatory approval for the Ethereum stake ETF.
Source: Bloomberg