#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
ALEX suffered malicious attacks with losses exceeding 8.37 million dollars, and promises full compensation.
According to Foresight News, ALEX, a DeFi protocol based on Stacks, posted that due to an attack on the self-listing logic, attackers withdrew funds from multiple asset pools, with a total loss of about $8.37 million. The specific losses were: STX lost 8.4 million STX (about $5.69 million), sBTC lost 21.85 sBTC (about $2.24 million), USDC/USDT lost 149,850 (about $149,800), and WBTC/BTC lost 2.80 WBTC (about $287,400). The ALEX Lab Foundation will use the treasury to compensate each affected user in full for their losses, which will be paid in USDC. The compensation calculation will be based on the average of the on-chain exchange rate between 18:00 and 22:00 on June 6, 2025. Affected wallet addresses will receive a private notification by 7:59 a.m. on June 9, 2025 with a claim form. The claim form needs to be submitted by June 11, 2025 at 7:59 UTC to confirm the receiving wallet address. Once confirmed, the compensated USDC will be sent within 7 business days.