#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
Last week, NFT sales fell by 11.66%, but the number of NFT buyers skyrocketed by 172.98%.
According to a report by Golden Finance, data from Crypto Slam shows that NFT sales fell by 11.66% last week, totaling $81.7 million. However, market activity saw a significant rise, with the number of NFT buyers soaring by 172.98%, and the number of NFT sellers also experiencing a substantial growth of 120.51% during the same period. At the same time, the NFT sales based on ETH amounted to $28.2 million, a decrease of 9.49% from last week. Following closely is Solana, with NFT sales of $16.37 million, down 15%. NFTs based on Bitcoin rank third, with sales of $13.88 million, but sales decreased by 5.7%. The best-selling NFT series is Dmarket by Mythos, with sales slightly above $5 million. Sorare ranks second with sales of $3.6 million, a rise of 8.88% compared to the previous week.