#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
A Whale spent $9.83 million to increase its holdings by 5,474 ETH.
BlockBeats news, on May 7th, according to The Data Nerd monitoring, 5 hours ago, a certain Whale spent 9.83 million USD to buy 5,474 ETH (average purchase price of 1,797 USD). As of now, it holds a total of 9,110 ETH (approximately 16.62 million USD), with an average purchase cost of 2,436 USD, and current unrealized losses of about 5.57 million USD.