#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 prosecution accused Evita founder Iurii Gugnin of Money Laundering $500 million and assisting Russia in obtaining sensitive technology.
According to the Financial Times, U.S. prosecutors indicted Iurii Gugnin, the founder of cryptocurrency payment company Evita, for evading sanctions and violating export controls, accusing him of laundering more than $500 million and assisting Russia in accessing sensitive technology. Gugnin was charged Monday with telecommunications and banking fraud, money laundering and other crimes, according to court documents released in federal court in Brooklyn. The Justice Department said he was arrested and arraigned in New York. Prosecutors accuse Gugnin of using his company to pay for sensitive electronics for customers abroad, including export-controlled U.S.-designed servers, and to launder money to procure parts for Rosatom.