#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
Grayscale transferred approximately 6,641 BTC worth over $726.5 million yesterday, making significant transfers for five consecutive days this week.
[Grayscale transferred approximately 6,641 BTC worth over $726.5 million yesterday, marking five consecutive days of large transfers this week] According to monitoring data from Arkham, Grayscale has once again conducted a large BTC transfer, with a total of approximately 6,641 BTC transferred from the Grayscale Bitcoin Trust to 11 unknown Addresses yesterday, valued at as much as $726.5 million. Data shows that Grayscale has conducted large Bitcoin transfer transactions for the fifth consecutive day this week, including: transferring about 7,700 BTC on May 23, transferring about 7,500 BTC on May 22, transferring 8,500 BTC on May 21, and transferring about 7,500 BTC on May 20.