#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
Stacks resumes block production and advises miners and signers to upgrade to v3.1.0.0.11.
Golden Finance reported that after fixing a long-standing bug in the synchronization logic of the stacks-node memory pool, the Bitcoin Layer 2 project Stacks has resumed block production and advised miners and signers to upgrade to v3.1.0.0.11. However, Stacks cautioned that performance may occasionally decline until all miners complete the upgrade, urging for the adoption of this solution to stabilize block production, with more fixes to follow. It is reported that this vulnerability traces back to 2020, but developers revealed that the issue only surfaced due to increased data load.