#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
TrueFi Leads DeFi TVL Growth with 424% Surge in Locked Value
The total value locked (TVL) in multiple cryptocurrency projects achieved significant growth. The research document published by Phoenix Group uses data from DeFiLlama to present the top projects based on their TVL weekly growth performance. TrueFi (TRU) stands as the top project with $260.2k increase in its TVL representing a 424% surge surpassing other projects in terms of locked value.
Three DeFi projects Mint ($MINT), Maple ($MPL), and Zircuit ($ZRC) experienced significant TVL growth after TrueFi. Mint holds $1.5 million while Maple secures $454.4 million and Zircuit maintains a TVL of $890.8 million. The increasing TVL shows that decentralized finance (DeFi) markets receive more investor trust and experience more activity.
Notable Projects Experiencing TVL Expansion
Three DeFi protocols Note ($NOTE), Euler ($EUL), and Velodrome ($VELO) show substantial TVL growth resulting in value increases of $13.5 million, $377.1 million, and $66.7 million respectively Various DeFi platforms found in the list indicate that decentralized financial applications are gaining growing popularity across the market.
The TVL figures from Level ($LVL), Earn Network ($ERN), and Tokenlon ($LON) reached more than $87.7 million, $3.2 million, and $1.1 million respectively. The multiprotocol growth across different platforms reflects the diverse characteristics of the DeFi sector since various protocols gain simultaneous traction.
Market Capitalization and Investor Confidence
The major increase in TVL demonstrates growing liquidity and project participation levels, which both derive from market confidence and shifting market dynamics. The amount of token value locked within a protocol point to increased protocol usage alongside user trust, which results in enhanced development and an expanding ecosystem.
$IDLE and $PUFFER along with $BLUE and $CPOOL reported successive TVL growth reaching $51.1 million and $172.3 million respectively. These ongoing market trends currently shape the DeFi landscape by drawing more capital inflows which enhances decentralized financial networks.