#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
4chan has resumed operations after the hacker attack.
According to ChainCatcher news and reported by Cointelegraph, the controversial website 4chan has resumed operations after being hacked on April 14. The /Biz/ zone of this forum has long been an important gathering place for the Crypto Assets community and has had a significant impact on the market. 4chan's most notable influence in the Crypto Assets space includes driving the massive rise of Chainlink (LINK), which surged from $1.80 at the beginning of 2020 to an all-time high of $49.54 in 2021. In addition, after the Pepe the Frog meme became popular on the platform, the market capitalization of the related coin PEPE skyrocketed from $591 million at the beginning of 2024 to $11 billion.