#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
FBI: In 2024, the United States suffered $9.3 billion in encryption fraud losses, with the over 60 age group being the most affected.
The FBI's Internet Crime Complaint Center (IC3) reports that in 2024, Americans aged 60 and above lost approximately $2.84 billion in Crypto Assets scams, the highest among all age groups, followed by those aged 40 to 49, who lost $1.46 billion. A total of 149,686 complaints related to Crypto Assets were received throughout the year, with total losses reaching $9.3 billion, a year-on-year increase of 66%, which includes $5.8 billion in investment scams and $247 million in Crypto Assets ATM fraud. (TheBlock)