#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
Strategy raised 112 million USD for Bitcoin purchases, without selling any MSTR shares.
[Strategy Raises $112 Million for Bitcoin Purchases, Doesn't Sell Any MSTR Shares] Strategy successfully sold 626,639 STRK Preferred Shares and 432,679 STRF Preferred Shares between June 2 and June 8 through its at-the-market(ATM) issuance plan. A total of $112.2 million in net funds were raised. It is important to note that the capital raising was entirely derived from the sale of preferred shares, and the Company did not sell any (MSTR) of common stock. As of June 8, the company's Common ATM plan has $18.631 billion available for issuance, the STRK ATM plan has $20.617 billion available for issuance, and the STRF ATM plan has $2.005 billion available for issuance.