#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
Cobie launched the ICO platform Sonar, with Plasma's initial fundraising of 50 million dollars and a valuation of 500 million.
PANews reported on May 27 that, according to The Block, Echo, founded by well-known crypto investor Cobie (Jordan Fish), officially launched the IC0 platform Sonar, and the first fundraising project was Plasma, a dedicated chain for stablecoins. Plasma will sell 10% of its total XPL token supply, or 1 billion tokens, through Sonar, with the goal of raising $50 million, corresponding to a fully diluted valuation of $500 million. Users need to deposit USDT, USDC or USDS into the Ethereum Plasma vault to participate, and the lock-up period is set to 40 days or 12 months depending on the region. The Plasma mainnet is expected to go live this summer, and XPL will be used for network consensus, EVM execution, and Bitcoin cross-chain bridge operation.