#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 total open interest of the US spot Bitcoin ETF on-chain has surpassed 1.1 million BTC.
[The total open interest of the US Spot Bitcoin ETF on-chain has exceeded 1.1 million BTC] According to Dune data, the total open interest of the US Spot Bitcoin ETF on-chain has surpassed 1.1 million BTC, currently reaching approximately 1.184 million BTC, accounting for 5.96% of the current BTC supply. The on-chain holdings value has reached approximately $125.8 billion.