#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
Zhu Su: Already Close PositionFTM, HYPE, and 50% of ETH long Position
BlockBeats news, on December 6th, Zhu Su, co-founder of Three Arrows Capital, posted on social media that FTM pumped from $0.959 to $1.283, with long positions being closed out at the latter price. HYPE pumped from $5.778 to $12.773, with long positions being closed out at the latter price. Ethereum (ETH) pumped from $2766 to $3888, with 50% of long positions being closed out.