#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 last 24 hours, Bitcoin accounted for 41% of trading volumes, while Ethereum accounted for 18%. Overall, Bitcoin dominance has remained above 51%. So, it's too early to call the altcoin rally a sustainable transition. Bitcoin and Ethereum are up only 1% and 2%. TIA was the leader this year with 58%, BLUR 35%, ASTR 31% and SEI 24%. On the other hand, APT was down 36%, LUNC was down 30%, ALGO was down 27%, and BSV was down 27%.
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