#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
The US Securities and Exchange Commission (SEC) filed a lawsuit against QuantStamp (QSP) and fined the company $3.5 million.
The SEC stated that QSP is selling unlicensed securities, which centrally manages the ICO process.
Although QSP is currently the 996th largest cryptocurrency by market cap, its 24-hour trading volume and market cap are relatively low.
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