#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
Large Investors unstake 7259 stETH trap 1148 million USDC
According to Gate.io News bot, a Large Investor unstaked and sold 7,259 stETH after holding for 2.2 years, exchanging it for 11.48 million USDC at an average price of 1,581 USD.
The large investor initially obtained 6,762 stETH by exchanging ETH and USDC worth $11.64 million. During the holding period, they earned staking rewards of 497 ETH but ultimately recorded a loss of about $158,000.