#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
ZachXBT: A certain OTC fraudster was detained in Europe with $17 million and had previously defrauded $7.1 million TAO.
Odaily Star News on-chain detective ZachXBT stated that a certain OTC fraudster was raided in Europe and detained $17 million. In February 2024, he cheated 7.1 million US dollars (14.6 thousand TAO) from a TAO whale, and this year he also cheated over 8 million US dollars from ZYN, MOG, Kondux, Ordiswap, Landwolf, and Hash AI whales.