#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
Stablecoin native crypto assets exchange TrueX has completed a $11 million Series A funding round, led by Accomplice and RRE Ventures.
ChainCatcher news, the stablecoin native crypto assets exchange TrueX has announced the completion of a $11 million Series A funding round, led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant, and payment giant PayPal. The new funds are intended to support asset protection for external custodians such as Paxos Custody. Currently, TrueX uses PayPal stablecoin PYUSD as its preferred trading token, and Paxos provides third-party custody services for TrueX users, with the services expected to be initially available to U.S. institutions and some international institutions in certain regions.