#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
YieldNest launches its first Liquidity stake Token ynLSDe
On August 21, it was announced that YieldNest, a protocol that supports EigenLayer's Liquidity re-stake, has launched its first Liquidity re-stake Token (LRT) Token ynLSDe, which aims to maximize users' ETH stake assets. Users can re-stake ETH already staked on platforms such as Lido, Frax, Mantle, and Origin. By holding ynLSDe, users will receive additional rewards in the future, including EigenLayer points, YieldNest seeds, AVS returns, and even AVS Airdrop.