#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
Wen Acquisition Corp completed a $300 million IPO and is listed on NASDAQ, planning to expand its stablecoin business.
Golden Finance reported that Wen Acquisition Corp has announced the completion of its initial public offering (IPO) of 30,015,000 shares, raising approximately $300 million. The company's shares have started trading on the Nasdaq Global Market under the ticker "WENNU". Wen Acquisition Corp stated that its focus will be on mergers, acquisitions, share exchanges, asset acquisitions, and other areas related to fintech companies, integrating Blockchain networks into the TradFi system to empower digital assets (such as stablecoins).