#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 the past three months, spending $16.41 million to Build a Position in PNUT, ai16z, and arc's Address belonging to Galaxy Digital, has resulted in a loss of over $8 million.
Odaily Planet Daily News According to on-chain analyst Ai monitoring, in the past three months, approximately $16.41 million worth of PNUT, ai16z, and arc have been vested at Galaxy Digital. The institution is currently facing a total loss of $8.493 million on these three Memecoins, including: PNUT: holding 21.46 million coins, cost $0.3743, unrealized loss of $4.935 million; ai16z: holding 7.53 million coins, cost 0.7446 US dollars, floating loss of 3.133 million US dollars; arc: All recharged into gate yesterday, cost 0.2913 US dollars, loss of 425,000 US dollars, it is not yet certain whether it has participated in market making.