#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 summary of this article is summarized by AI to generate Bitcoin (BTC) reached a new all-time high of over $111,900, with trader James Wynn betting $1.1 billion. Despite taking profits, he is aiming for a target of $115,000-$118,000. Bitcoin (BTC) has performed well over the past few days, surpassing its previous all-time high of (ATH) and hitting new highs of over $111,900. While this crypto asset continues to follow this price trajectory, some traders are making big bets on its next target. A pseudonym investor, James Wynn, has staked $1.1 billion on BTC with 40x leverage on HyperLiquid, a decentralized Layer 1 chain