#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
CoinWorld report: CoinWorld report, IntoTheBlock analyst Slim Daddy said that on April 27th, the average transaction fee for ETH fell below $2.6 per transaction.
According to IntoTheBlock's data, the last time we saw such a fee drop was in October 2023, when it dropped to $1.78.
The average drop in transaction fees usually indicates an improvement in the efficiency of the blockchain network in processing transactions, and a reduction in network congestion.