#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 US-listed company The9 Limited announced that it has obtained a strategic investment of 8 million dollars.
According to ChainCatcher news, The9 Limited, a Nasdaq-listed company, has signed a private sale protocol with cryptocurrency investment funds Elune Capital, Fine Vision Fund, and Bripheno Pte. Ltd. to secure a strategic investment of 8 million dollars. The9 will establish a new company to operate the GameFi platform and will seek cooperation with global Crypto Assets foundations to issue tokens as the platform's official Crypto Assets. In addition, The9 plans to issue 10% of its shares over the next three years to support the market operation and trading of the GameFi tokens. The9's Chief Financial Officer George Lai stated that this cooperation is an important milestone for the company to enter the global gaming finance industry.