#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
Cyvers Alerts: Moonwell's USDC lending contract on Optimism has been attacked by flash loans.
According to ChainCatcher, Moonwell's USDC lending contract on the Optimism network was attacked by a Flash Loans attack, as monitored by Cyvers Alerts. The attacker used a malicious contract address as an mToken to obtain unauthorized token approvals from Moonhackers, thus stealing funds. The attacker received funding support through Tornado Cash on the Ethereum network, and the stolen USDC has been exchanged for DAI and is currently stored in the attacker's wallet.