#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
Soneium announced that it will use L2 sequencer revenue to repurchase ASTR Token.
According to Mars Finance, Startale Group announced that it will use the profits from the sequencer of the Ethereum L2 blockchain Soneium, jointly developed with Sony Group, to purchase ASTR tokens on the market, further promoting the integration of Soneium and the Astar ecosystem, as well as future asset mergers. It is reported that Soneium is an Ethereum L2 developed and operated by Sony Block Solution Labs (jointly owned by Sony headquarters and Startale) and led by Astar founder Sota Watanabe, whose sequencer is responsible for transaction ordering, packaging, and submission to Ethereum L1 while collecting transaction fees.