#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
$GFT price rebounds by 7.38%. Gifto officials stated that the increase in GFT issuance was due to an intrusion in the Token contract and that trading of GFT on the exchange should be suspended.
Gate News: Gifto officials posted on the X platform: "We have noticed a serious security incident related to the GFT contract. The GFT Token contract has been compromised and more GFT Tokens have been issued. We are investigating, and we are fully aware of the seriousness of this matter and assure you that we are taking necessary measures. We request all exchanges listing GFT to stop trading this Token. We are working hard to resolve this issue." As a result, the price of $GFT has rebounded by over 5%.
gate data shows that the price of $GFT has pumped 7.38% in the past 24 hours, current price is $0.00728, market cap is $16.53M, and 24-hour trading volume is $23.23M.