#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
Shield: The fundamental cause of the FEG attack is the composability issue that arose when integrating with the Wormhole bridge
Odaily Planet Daily News: PardShield stated that it analyzed the latest FEG Hacker attack incident, and the fundamental reason seems to be the composability issue that occurred when integrating the underlying Wormhole bridge for Cross-Chain Interaction messages/Token transfers. Specifically, Hacker created a false deposit message (not supported by the audited FEG SmartBridge through an unexpected Wormhole relay interface), and then transmitted it to another chain and received by the FEG SmartBridge (now disabled) to extract FEG Token. Please note that the SmartDeFi code was not affected.
Meanwhile, the Wormhole Foundation stated: "The FEG security incident has nothing to do with Wormhole. All Wormhole contracts are completely unaffected and have nothing to do with this issue." Earlier news, FEG suspected to have suffered an attack and lost about 1 million dollars.