#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
Techub News reports that the on-chain lending protocol Loopscale on Solana has announced that it has re-enabled loan repayments, deposits, and the closure of revolving loans. Other application functions (including Vault withdrawals) remain temporarily restricted, and investigations are ongoing to ensure the mitigation of this vulnerability. Loopscale added that the root cause of this vulnerability has been identified as an independent issue related to the collateral pricing based on RateX, which is not related to RateX itself. The fund losses only affect depositors of the SOL and USDC genesis treasury, and a complete technical post-analysis will be released later.
Techub News previously reported that Loopscale was attacked by hackers today, resulting in a loss of approximately 5.88 million dollars in cryptocurrency assets.