#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
Data: The circulating supply of USDC increased by approximately 1.2 billion over the past 7 days.
PANews reported on April 26 that, according to official data, in the 7 days ending April 24, Circle issued approximately 3.7 billion USDC, redeemed about 2.5 billion USDC, and the circulating supply increased by approximately 1.2 billion tokens. The total circulating supply of USDC is 62 billion tokens, with reserves of approximately 62.3 billion USD, of which about 7.9 billion USD is in cash, and the Circle Reserve Fund holds about 54.4 billion USD.