#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
Kaia Foundation: will suspend new FNSA stake to promote Kaia Mainnet integration
Odaily Planet Daily News According to official sources, the Kaia Foundation has announced that the new FNSA stake will be suspended starting from August 23, 2024, to facilitate the smooth integration of the Kaia Mainnet. All delegation and redelegation functions on the FNSA wallet will be disabled, and stake rewards will cease on August 26, 2024, three days later. In addition to canceling the stake reward, the unstake time is also shortened from 7 days to 1 hour to simplify the process.