#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
Canary submitted an S-1 application with the SEC for the first CRO ETF fund in the United States, acting as a custodian and liquidity provider.
Canary Funds has filed registration (S-1) with the U.S. Securities and Exchange Commission (SEC) for the first Crypto.com (CRO) ETF to be staked in the form of spot in the United States.
This file marks a significant development in the cryptocurrency exchange-traded fund market (ETF), as the SEC continues to delay the approval of similar cryptocurrency ETFs, including those related to Solana (SOL) and Ripple (XRP).
Canary Funds will act as the custodian and liquidity provider for the new CRO ETF, demonstrating the growing interest of institutions in staking cryptocurrency assets in the ETF space in the United States.