#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
In less than 24 hours after the stablecoin USDS was launched on Solana, the Circulating Supply has exceeded $89 million.
Golden Finance reported that the USDS issued by Sky (formerly known as MakerDAO) has been online for less than a day, and the Circulating Supply of USDS on Solana has exceeded 89 million dollars, becoming the fastest rising stablecoin on Solana. It is reported that due to the increased rewards provided by Sky, the USDS credits on Save, Drift, and Kamino are seeking returns of over 20%. Sky also encourages traders to transfer funds to Solana through the Tokenbridge service Wormhole, which further increases the circulating supply.