#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
Oasys adopts Circle's new bridged USDC standard
On July 3rd, Oasys announced its adoption of Circle's new bridged USDC standard. Users can bridge USDC from Ethereum to Oasys through Celer Network's cBridge. The bridged USDC standard simplifies the launch process of Circle's stablecoin USDC and streamlines cross-chain transactions. The integration is scheduled to go live on Oasys on July 3, 2024, allowing users to move tokens between over 40 blockchains and Layer-2 rollups.