#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
Movement Labs Token allocation controversy: Advisors exposed to receive 10% MOVE tokens
According to the Gate.io News bot, reports from CoinDesk reveal that two obtained business memorandums show that Movement Labs secretly allocated up to 10% of the MOVE Token supply to consultants.
According to leaked documents, consultants Sam Thapaliya and Vinit Parekh received token allocations of 5% and 2.5%, respectively, with a total value exceeding $50 million. Insiders refer to Thapaliya as the "shadow co-founder," and he is currently preparing to take legal action to claim his tokens.
Movement Labs responded that the relevant agreement is not binding. Following this incident, co-founders Rushi Manche and Cooper Scanlon have publicly expressed their differences.