#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
Klaytn and Finschia's new brand Kaia will go live on the mainnet on August 29th.
On August 19th, Finschia stated that with the establishment of the KaiaDLT Foundation in the Dubai International Financial Center and the Abu Dhabi Global Market (ADGM), most of the preparations for the launch of KaiaMainnet have been completed, and it will go live on August 29, 2024. In late April, the Klaytn Foundation stated that since the merger proposal of Klaytn/Finschia chain, known as 'ProjectDragon,' was approved, both teams have been working hard and today they introduced a new brand, Kaia. It is reported that Kaia is an Open Source, transparent, and permissionless public chain that is suitable for everyone.