#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
A Whale unstaked 526,000 LPT and transferred to a CEX, expected to profit 2.01 million USD.
According to Gate News bot, on-chain analyst Yu Jin monitored that a whale/institution redeemed 526,000 LPT from the PoS staking contract in the past hour, amounting to 1,048,000 USD, and then transferred it to a CEX.
These LPT were withdrawn from CEX and staked at a price of $5.9 during the months of April to June. LPT has increased by 55% in the past week, which should be the reason he chose to redeem LPT and transfer it back to CEX to take profits, expecting to realize a profit of $2.01 million.