#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
PANews May 24th news, according to Bloomberg, 42-year-old British Chinese Wen Jian was found guilty of "participating in arranging money laundering" in the UK's largest Bitcoin money laundering case. Today, Wen was sentenced to six years and eight months in prison by Judge Sally-Ann Hales KC. Defense lawyer Mark Harries said that Wen was "deceived and used" and expressed deep regret for his involvement with the "mastermind". The prosecution insisted that Jian Wen acted out of greed and financial gain, and was the decision maker of the encrypted wallet he controlled.
Related reading: 61,000 Bitcoins Frozen, Mastermind of World's Largest Money Laundering Case Fled with $6.3 Billion.