#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
Cosmos tests the Inter-Blockchain Communication (IBC) Protocol connection with Ethereum to enhance cross-chain interoperability.
Golden Finance reports that the Cosmos development team is testing the extension of the cross-chain communication protocol (IBC) to Ethereum to enhance interoperability between blockchains. Interchain Labs co-CEO Maghnus Mareneck stated that the team has successfully completed IBC transaction tests from Cosmos Hub to Ethereum, which is part of the upcoming Eureka upgrade for IBC, planned to be launched in IBC-go v10.