#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 behind the scenes participant Thapaliya reveals Airdrop insider information, pointing directly at co-founder Cooper.
Odaily News Sam Thapaliya posted on the X platform, clarifying the details of his early involvement in the Movement project. He revealed that he assisted Movement co-founder Cooper in incubating the Move language-based project Satay and provided various support to Cooper during the early stages of Movement, including financing and Token economics model advice. Thapaliya revealed that when Cooper transitioned to launch MVMT Labs (before Rushi joined the team), he provided Cooper with multi-faceted advice and support, working closely with him to launch Movement. When Rushi joined the team and was responsible for the technology, the vision for the project began to come to fruition. Thapaliya then focused on marketing, and as the project approached TGE, he worked with Cooper again, specifically advising on upcoming airdrop proposals. Thapaliya further noted that Cooper commissioned him to find a data science team to audit the proposed airdrop dataset after the Movement team found that the dataset they relied on did not accurately reflect testnet usage. Due to the many problems with the dataset, he suggested that Cooper flatten the rewards for all airdrop participants. However, during this time, Cooper insisted that a specific 75000 wallets receive the highest percentage of each wallet's share of the token. In addition, Thapaliya also showed a heatmap, noting that these wallets were almost the only addresses to claim and be able to bundle more than 60 million MOVE tokens in the Move token airdrop on December 9, 2024.