#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 Governor of Arizona signed a regulatory bill for Crypto Assets ATMs, vetoing two proposals related to Crypto Assets.
According to the Gate.io News bot, Decrypt reported that Arizona Governor Katie Hobbs made decisions on three crypto assets-related bills. Hobbs vetoed the SB 1373 digital asset strategic reserve fund bill and the SB 1024 state government crypto assets payment bill.
At the same time, Hobbs signed the HB 2387 bill. This bill establishes new regulatory requirements for Crypto Assets ATMs, including: operators must display multilingual fraud warnings, new users have a daily transaction limit of $2,000, existing users have a limit of $10,500, provide 24-hour customer service, and implement anti-money laundering protocols.