#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
GMX proposes to increase the coverage range of repurchase and distribution expenses from 27% to 90%
Odaily Planet Daily News GMX proposes to increase the coverage of repurchase and distribution costs from 27% to 90%. It is proposed to reduce the cost allocation ratio of GM LP from 63% to 0%, and increase the distribution ratio of GMX Treasury to 73%, in order to support the Token repurchase and Airdrop mechanism. It is expected that the monthly repurchase quantity of GMX will increase to 345,534 tokens, with a repurchase value of 8,489,000 USD. From the perspective of GMX holders, this proposal presents a symmetrical choice to the community, which is to directly adjust the fee distribution ratio. However, it is worth noting that any changes to the economic model may have a long-term impact on the price performance of GMX, and the benefits of increasing percentages and the negative effects of changing the economic model will ultimately be borne by GMX holders.