#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
WELL3: The technical issue of delayed token claiming has been resolved, and the high-priced transaction screenshots circulating online are not true.
Golden Finance reported that WELL3 posted on X platform stating that the token delay issue has been resolved. In addition, some holders did not receive the correct percentage on the application website, but this issue has now been resolved and the website accurately reflects the correct percentage distribution. According to investigations, the trading volume was approximately USD 2 million before the token application period began. WELL3 noted an unconfirmed tweet circulating online containing screenshots of high-priced transactions. We want to clarify that this information is not accurate. WELL3 also stated that users who claimed tokens on well.eco between July 3rd and July 9th will receive 100% compensation for their initially set gas fees. Users will receive a refund directly to their wallet; no further action is required. In order to effectively address these issues in the future, the WELL3 team will expand more comprehensive technical support and implement enhanced monitoring systems to promptly identify and resolve any potential issues.