#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
Solana Gears up to Disrupt the Mobile Status Quo With Seeker
Solana Mobile made two announcements focused on disrupting the current mobile phone ecosystem: Its second hardware development, the Seeker phone, will begin shipping on August 4. Along with it, a new platform called TEEPIN will also debut, featuring an ecosystem token at its center.
Solana Mobile Launches TEEPIN, Announces Shipping Date for Seeker
Solana Mobile has reached a milestone by entering the shipping stages of its second hardware development, the Seeker phone. The company announced that it will begin distribution to buyers on August 4.
The Seeker, which was first known as Chapter Two during its pre-order stages, was announced in January 2024 as the successor of Saga, Solana Mobile’s first phone, launched in April 2023. At least 100k phones were ordered, with more than half being paid for with stablecoins.
With this move, the company is taking advantage of its new position, also debuting its Trusted Execution Environment Platform Infrastructure Network (TEEPIN) architecture to defy the current mobile duopoly. The platform aims to build an open challenger to the current ecosystems managed by gatekeepers, who can control the monetization and apps permissioned to reach each mobile phone.
Emmett Hollyer, General Manager of Solana Mobile, referred to the goals of this new proposal. On social media, he stated:
TEEPIN encompasses three different layers: hardware, distribution, and verification, allowing decentralized apps to reach users worldwide without excessive restrictions or fees. Solana Mobile also announced SKR, the token that will enable economic transactions in this new ecosystem.
Hollyer also stated that the company will decentralize the control of its dapp ecosystem, delivering control and curation to users. In the same way, he revealed that they plan to keep growing and expand access to their platform to other devices, stressing that they are “excited” to work with OEMs to implement their software on more platforms.
Read more: Solana Mobile Unveils Seeker, Its Next Web3 Focused Phone
Read more: Solana Mobile Processed Over $20 Million in Payments Using USDC With No Processing Fees