#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
Tidal Financial Group applied to the SEC to launch two ETFs that hedge Bitcoin with gold.
Golden Finance reports that the Battleshares brand under Tidal Financial Group has submitted an application to the SEC to launch two ETFs that hedge Bitcoin against gold. This product will allow investors to directly bet on the relative performance of the two asset classes through tools such as shorting securities, swap contracts, and options. Dhaval Joshi, Chief Strategist at Counterpoint, believes that Bitcoin will gradually erode gold's market share, and that the long-term bullish BTC/shorting gold combination has more potential.