#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 total trading volume of "Gold Token" PAXG and XAUT in the past 24 hours exceeded 73 million USD.
According to BlockBeats news on April 21, the 24-hour trading volume of PAXG is reported to be 46.77 million USD, with a total market capitalization of 780 million USD. The 24-hour trading volume of XAUT is reported to be 27 million USD, with a total market capitalization of 837 million USD. PAX Gold (PAXG) is a digital money issued by Paxos that is backed by gold, while XAUT (Tether Gold) is a digital money issued by Tether that is also backed by gold. Each token of PAXG and XAUT is backed by 1 ounce of gold.