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- 🎁 12th Anniversary Celebration – Reward Distribution Notification
🎊 Congratulations to all winners! Rewards have been sent to your Gate accounts. Please check your balances
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- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $SNAKEAI $YBDBD $BASEPTL $FPFT $TMAI
Trending Coins🔥 $YBDBD $LAUNCHCOIN $SPX $MIRAI $ANIME
#FearGreedIndex# #TopGainers#
- #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 - Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
- What are Gate Post Ambassadors? One article guides you through the responsibilities and benefits of being a Gate Post ambassador!👇️
Japan's Second Largest Bank Stepped into the Cryptocurrency Industry with This Altcoin!
According to a report by Japan's local news agency Nikkei, Japan's second-largest bank, Sumitomo Mitsui Financial Group (SMBC) has taken action to issue a stablecoin.
Accordingly, SMBC plans to launch its own stablecoin in collaboration with Ava Labs and Fireblocks.
Ava Labs, the team behind Avalanche***, will provide the blockchain infrastructure, while Fireblocks will develop the token management system.
The bank plans to start testing in the second half of 2025, with a potential stablecoin launch expected to take place in early next year.
While Japan has made significant strides in stablecoins, stablecoins were introduced in the country at an early date. In June 2022, Japan amended the "Payment Services Law" by recognizing stablecoins as "Electronic Payment Instruments." Under these changes, only licensed banks, service providers, and trust companies will be allowed to issue such stablecoins.
While Japan is taking early steps in the realm of stablecoins, U.S. President Donald Trump emphasized the importance of introducing dollar-backed stablecoins, calling on lawmakers to create the necessary regulatory framework for this. As a stablecoin law that aims to bring more clarity to stablecoins in the U.S. is expected to be approved in about two months, it is anticipated that more traditional banks will enter the stablecoin sector.